Preferred Partnership Securities definition

Preferred Partnership Securities means the limited partnership interests, if any, issued pursuant to the Agreement of Limited Partnership.
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Preferred Partnership Securities has the meaning set forth in Section 1.1 of the Limited Partnership Agreement.
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Preferred Partnership Securities means those securities representing limited partnership interests in the Partnership.
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Examples of Preferred Partnership Securities in a sentence

  • The Partnership Guarantee Trustee makes no representation as to the validity or sufficiency of this Preferred Partnership Securities Guarantee.

  • This Preferred Partnership Securities Guarantee is solely for the benefit of the Holders and, subject to Section 3.01(a), is not separately transferable from the Preferred Partnership Securities.

  • The Guarantor shall provide to the Partnership Guarantee Trustee such evidence of compliance with any conditions precedent provided for in this Preferred Partnership Securities Guarantee as and to the extent required by Section 314(c) of the Trust Indenture Act.

  • As used in this Preferred Partnership Securities Guarantee, the terms set forth below shall, unless the context otherwise requires, have the following meanings.

  • This Preferred Partnership Securities Guarantee creates a guarantee of payment and not of collection.

  • This Preferred Partnership Securities Guarantee may be amended only by an instrument in writing entered into by the Guarantor and the Partnership Guarantee Trustee.

  • All guarantees and agreements contained in this Preferred Partnership Securities Guarantee shall bind the successors, assigns, receivers, trustees and representatives of the Guarantor and shall inure to the benefit of the Holders of the Preferred Trust Securities then outstanding.

  • Upon such waiver, any such Event of Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Preferred Partnership Securities Guarantee, but no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon.

  • Nothing herein contained shall be deemed to require that the Partnership Guarantee Trustee enter into any amendment of this Preferred Partnership Securities Guarantee.

  • Except as provided in Section 3.08 with respect to the Preferred Partnership Securities and the Property Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust shall be vested in the Trust.


More Definitions of Preferred Partnership Securities

Preferred Partnership Securities represent the Interests of Limited Partners and have the stated liquidation preference and designation set forth in Section 6.2(a) of this Agreement.
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Preferred Partnership Securities is defined in the Statement of Common Definitions.
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Related to Preferred Partnership Securities

  • Partnership Securities means any additional Units, options, rights, warrants or appreciation rights relating thereto, or any other type of equity security that the Partnership may lawfully issue, any unsecured or secured debt obligations of the Partnership or debt obligations of the Partnership convertible into any class or series of equity securities of the Partnership.

  • Partnership Security means any class or series of equity interest in the Partnership (but excluding any options, rights, warrants and appreciation rights relating to an equity interest in the Partnership), including without limitation, Common Units, Subordinated Units and Incentive Distribution Rights.

  • Preferred Interests means, with respect to any Person, Equity Interests issued by such Person that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person’s property and assets, whether by dividend or upon liquidation.

  • Preferred Units means a Partnership Interest, including the Series A Preferred Units, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units.

  • Common Units means common units representing limited partner interests in the Partnership.

  • Series A Units means Series A currency hedged mutual fund units or Series A non-currency hedged mutual fund units of a fund, as applicable.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

  • Lock-Up Securities shall have the meaning set forth in Section 4.1.

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Series A Preferred Units has the meaning assigned to such term in Section 5.11(a).

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Series B Securities means the Company's Series B 9 3/8% Junior Subordinated Deferrable Interest Debentures due May 1, 2028, as authenticated and issued under this Indenture.

  • Subordinated Units has the meaning assigned to such term in the Partnership Agreement.

  • Series B Preferred Units means the Partnership's 8 5/8% Series B Cumulative Redeemable Partnership Units.

  • Hybrid Preferred Securities means any preferred securities issued by a Hybrid Preferred Securities Subsidiary, where such preferred securities have the following characteristics:

  • Class B Common Units has the meaning set forth in Section 1(a) hereof.

  • Preferred Equity Interests means, with respect to any Person, Equity Interests in such Person which are entitled to preference or priority over any other Equity Interest in such Person in respect of the payment of dividends or distribution of assets upon liquidation or both.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • NIM Securities Any debt securities secured or otherwise backed by some or all of the Class X and Class P Certificates that are rated by one or more Rating Agencies.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Series C Preferred Units shall have the meaning provided in Section 1.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.