Preferred Partners definition
Examples of Preferred Partners in a sentence
BlackRock New Jersey Municipal Bond Trust BlackRock New Jersey Municipal Income Trust BlackRock New York Municipal 2018 Term Trust BlackRock New York Municipal Bond Trust BlackRock New York Municipal Income Quality Trust BlackRock New York Municipal Income Trust BlackRock New York Municipal Income Trust II BlackRock Preferred Partners LLC BlackRock Real Asset Equity Trust BlackRock Resources & Commodities Strategy Trust BlackRock Senior High Income Fund, Inc.
The Annual Budget for each Fiscal Year shall be prepared with the same detail and line items as set forth in the Initial Annual Budget and such other detail as the members of the Company Board appointed by the Preferred Partners in accordance with Section 4.3(c) of the Parent LP Agreement (the “Preferred Board Members”) may reasonably request.
Preferred Partners shall be admitted as Partners of the Company pursuant to the provisions of the applicable Statement of Preferences.
The Series A Preferred Partners have contributed cash to the Partnership in the amount of $50 per Series A Preferred Unit.
BlackRock Summit Cash Reserves Fund 1 On December 1, 2017, BlackRock Preferred Partners LLC adopted a Plan of Liquidation and Dissolution.
The number of Series A Preferred Units issued to the Series A Preferred Partners is set forth on Exhibit A.
Notwithstanding anything to the contrary contained in this Agreement, Series A Preferred Partners will not have any voting rights or right to consent to any matter requiring the consent or approval of the Limited Partners, except as otherwise expressly set forth in this Agreement and except as set forth below.
If the General Partner fails to convene such meeting within such 30-day period, the Preferred Partners who hold 10% of the aggregate stated liquidation preference of such outstanding series of Preferred Partner Interests will be entitled to convene such meeting.
The Preferred Partners shall continue to share profits and losses during liquidation in the same proportions, as specified in Articles V and VI hereof, as before liquidation.
Notwithstanding anything herein to the contrary, the Preferred Partners may exercise all rights provided to them, if any, under this Agreement, the Indenture, the Guarantee and the Delaware Act.