Preferred Partnership Units definition

Preferred Partnership Units means the preferred partnership units of Acquiror issued to Contributor as part of the Contribution Consideration, and as described and defined in the Acquiror's Second Amended Partnership Agreement.

Preferred Partnership Units means Partnership Units of any class or series thereof that (a) by their terms are entitled to a preference over Common Partnership Units with respect to the payment of distributions, including distributions upon liquidation or (b) have otherwise been designated by the General Partner as ranking senior in right, with respect to voting, redemption or otherwise, to the rights of Common Partnership Units.

Preferred Partnership Units means, collectively, the Series A Preferred Units, the Series B Preferred Units and the Series C Preferred Units.

Examples of Preferred Partnership Units in a sentence

• The General Partner is hereby authorized to cause the Partnership to issue such additional Partnership Interests in the form of Common Partnership Units and Preferred Partnership Units for any Partnership purpose at any time or from time to time, to the Partners or to other Persons for such consideration and on such terms and conditions as shall be established by the General Partner in its sole and absolute discretion, all without the approval of any of the Limited Partners.

• The Series A Preferred Partnership Units are not convertible into or exchangeable for any other property or securities of the Partnership.

• A series of Preferred Partnership Units, designated as Series A Preferred Partnership Units, is hereby established.

• In the event that Crescent Equities exercises its redemption right with respect to the Series A Preferred Shares, the Partnership shall concurrently redeem a corresponding amount of Series A Preferred Partnership Units at the same redemption price paid by Crescent Equities for the Series A Preferred Shares (i.e., a redemption price of $25 per Series A Preferred Share, plus any accrued, unpaid quarterly distribution thereon).

• In the event that Crescent Equities exercises its redemption right with respect to the Series B Redeemable Preferred Shares, the Partnership shall concurrently redeem a corresponding amount of Series B Redeemable Preferred Partnership Units at the same redemption price paid by Crescent Equities for the Series B Redeemable Preferred Shares (i.e., a redemption price of $25 per Series B Redeemable Preferred Share, plus any accrued, unpaid quarterly distribution thereon).

More Definitions of Preferred Partnership Units

Preferred Partnership Units means the Class A Units of SLT Realty Limited Partnership, a Delaware limited liability partnership, and the Class A Units and Class B Units of SLC Operating Limited Partnership, a Delaware limited liability partnership.

Preferred Partnership Units means the Series A Preferred Partnership Units, Series A1 Preferred Partnership Units, Series M Preferred Partnership Units and Series M1 Preferred Partnership Units.

Preferred Partnership Units means the “Series A Preferred Units” (as defined in the Partnership Agreement) of the Partnership.

Preferred Partnership Units means Partnership Units issued to the Original Limited Partners as of the Effective Date, whether subsequently held by an Original Limited Partner, any other Limited Partner, an Assignee or the General Partner (following the acquisition of Tendered Units pursuant to Section 8.6 hereof).

Preferred Partnership Units. Series A Partnership Units" and "Series B Partnership Units" are each defined in the Partnership Agreement of the Borrower. Unless the context indicates otherwise, the term "Partnership Units" is used herein to refer, collectively, to the Partnership Units, the Preferred Partnership Units and the Series A Partnership Units.

Preferred Partnership Units means the Class A Units of SLT RLP and the Class A Units and Class B Units of SLC OLP.

Preferred Partnership Units and "SERIES A PARTNERSHIP UNITS" are each defined in the Partnership Agreement of the Borrower. Unless the