Preferred Unit Redemption Amount definition

Preferred Unit Redemption Amount means the Preferred Cash Amount.

Preferred Unit Redemption Amount means, with respect to any Preferred Unit of any class, the sum of (a) the amount of any accumulated Preferred Distribution Shortfall with respect to such class of Preferred Unit, plus (b) the liquidation preference per Preferred Unit established for such class pursuant to Section 4.7; provided, however, that in the case of any Preferred Unit (or fraction thereof) redeemed as a result of a redemption of Preferred Shares pursuant to subparagraph NY\5888591.8 J(8) or (10) of Article II of the Articles of Incorporation of the Initial General Partner, the Redemption Amount shall be equal to the amount paid by the Initial General Partner on account of the redemption of the equivalent amount of such Preferred Shares (including fractions thereof) pursuant to such subparagraph J(8) or (10), as applicable.

Preferred Unit Redemption Amount means, with respect to any Preferred Unit, the amount payable by the General Partner on account of the redemption of one share of Preferred Stock pursuant to Section 4.3.3 of the General Partner's Articles of Incorporation.

Examples of Preferred Unit Redemption Amount in a sentence

• Upon surrender of the certificates for cancellation along with the executed letter of transmittal and other required documents described in the instructions, a holder of one share of VEREIT common stock will receive the Merger consideration of 0.705 newly issued shares of Realty Income common stock, and a holder (other than VEREIT OP) of one unit of VEREIT OP Series F Preferred Units will receive the Series F Preferred Unit Redemption Amount.

• If the Partnership or the General Partner is required to withhold and pay over to any taxing authority any amount upon a Redeeming Preferred Limited Partner’s exercise of the Preferred Unit Redemption Right and if the Preferred Unit Redemption Amount equals or exceeds the Withheld Amount, the Withheld Amount shall be treated as an amount received by such Partner in redemption of its Preferred Units.

• All of the issued and outstanding Preferred Units automatically shall terminate and cease to be outstanding on payment of the Preferred Unit Redemption Amount to which each Preferred Unit is entitled under Section 3.3(a) and the Company shall cease to have authorized Preferred Units.

• If at any time Convertible Preferred Shares are to be redeemed pursuant to the Managing General Partner's Declaration of Trust or purchased by the Managing General Partner, the Partnership shall redeem an equal number of Convertible Preferred Units by payment of the Convertible Preferred Unit Redemption Amount therefor or purchase price paid by the Managing General Partner immediately prior to or concurrently with such redemption or purchase.

• All of the issued and outstanding Preferred Units automatically shall terminate and cease to be outstanding on payment of the Preferred Unit Redemption Amount to which each Preferred Unit is entitled under Section 0 and the Company shall cease to have authorized Preferred Units.

More Definitions of Preferred Unit Redemption Amount

Preferred Unit Redemption Amount means, with respect to any Preferred Unit of any class, the sum of (a) the amount of any accumulated Preferred Distribution Shortfall with respect to such class of Preferred Unit, plus (b) the liquidation preference per Preferred Unit established for such class pursuant to Section 4.7; provided, however, that in the case of any Preferred Unit (or fraction thereof) redeemed as a result of a redemption of Preferred Shares pursuant to subparagraph J(8) or (10) of Article II of the Articles of Incorporation of TFOC Inc., the Redemption Amount shall be equal to the amount paid by TFOC Inc. on account of the redemption of the equivalent amount of such Preferred Shares (including fractions thereof) pursuant to such subparagraph J(8) or (10), as applicable.

Preferred Unit Redemption Amount has the meaning set forth in Section 3.3(a).

Preferred Unit Redemption Amount means (a) the aggregate amount payable for the redemption of the issued and outstanding Existing Company Preferred Units as of the Closing Date based on the redemption price as set forth in the Company LLC Agreement, including the amount of any change of control or redemption fees, premium (including, for the avoidance of doubt, the Applicable Premium) or other amounts payable in connection therewith, minus (b) the cash portion of the Blocker Merger Consideration paid in respect of Existing Company Preferred Units.”

Preferred Unit Redemption Amount has the meaning set forth in Section 0.

Preferred Unit Redemption Amount means, for each series of Preferred Units, per Preferred Unit, the Preferred Unit Issue Price plus all accrued and unpaid distributions on each Preferred Unit, less the aggregate of all distributions paid on each series Preferred Unit, if any;

Preferred Unit Redemption Amount means, with respect to any Preferred Unit, the amount payable by the General Partner on account of the redemption of one Preferred Share pursuant to the applicable provisions of the Declaration of Trust.

Preferred Unit Redemption Amount under Section 1.1 of the Combination Agreement is hereby amended and restated in its entirety as follows: