Examples of Preferred Unit Holder in a sentence
Under no circumstances will the Company, the Series or the Fund be required to sell any assets in order to meet or accommodate any Preferred Unit Holder redemption request.
The Parent shall promptly, and in no event later than the Series A Preferred Redemption Date, give such Tendering Series A Preferred Unit Holder written notice of its election to deliver the Series A Preferred REIT Shares Amount, and the Tendering Series A Preferred Unit Holder may elect to withdraw its redemption request at any time prior to the acceptance of the cash or Series A Preferred REIT Shares Amount by such Tendering Series A Preferred Unit Holder.
In such event, the Tendering Series A Preferred Unit Holder shall have no right to cause the Partnership to redeem such Tendered Series A Preferred Units.
The Series is responsible to disclose to any current Preferred Unit Holder or potential investor into the Preferred Units if any other Subscription has been or is planning to be accepted from an investor that has a pre-existing contractual requirement that could lead to a waiver of the redemption requirements.
Expedited redemption schedule requests by a Preferred Unit Holder will be assessed by the Series Manager and Fund Administrator(s) and they will use their best efforts to honor the expedited request provided the aggregate amount of capital requested does not exceed thirty three percent (33%) of the then current net asset value of the Fund.