Preferred Unitholder definition

Preferred Unitholder means a holder of Preferred Units;

Preferred Unitholder means a Limited Partner that holds Preferred Units (of any class or series).

Preferred Unitholder means a holder of Preferred Units.

Examples of Preferred Unitholder in a sentence

• A Member who holds both Common Units and Preferred Units shall be treated separately as a Common Unitholder with respect to its Common Units and as a Preferred Unitholder with respect to its Preferred Units, except as otherwise provided in this Agreement.

• For the avoidance of doubt, the foregoing shall not limit the voting rights of any Series A Preferred Unitholder in connection with the vote of Record Holders of Common Units and Series A Preferred Units together as a single class.

• On the Series A Conversion Date, the Partnership shall instruct, and shall use its commercially reasonable efforts to cause, its Transfer Agent to electronically transmit the Series A Conversion Units issuable upon conversion to such Series A Preferred Unitholder (or designated recipient(s)), by crediting the account of the Series A Preferred Unitholder (or designated recipient(s)) through its Deposit Withdrawal Agent Commission system.

• No failure to give such notice or any defect therein shall affect the validity of the proceedings for the redemption of any Series A Preferred Units except as to any Series A Preferred Unitholder to whom the Partnership has failed to give notice or except as to any Series A Preferred Unitholder to whom notice was defective.

• On the Series A PIK Payment Date, the Partnership shall have the option to (i) issue to such Series A Preferred Unitholder a certificate or certificates for the number of Series A PIK Units to which such Series A Preferred Unitholder shall be entitled, or (ii) cause the Transfer Agent to make a notation in book entry form in the books of the Partnership.

More Definitions of Preferred Unitholder

Preferred Unitholder means the holder of a Preferred Unit.

Preferred Unitholder has the meaning set forth in the preamble to this Agreement.

Preferred Unitholder means a person whose name appears on the Register as a holder of Preferred Units and, where the context requires, means a person whose name appears on the Register as a holder of Preferred Units of a particular series of Preferred Units;

Preferred Unitholder means each Series A Preferred Unitholder and Series B Preferred Unitholder.

Preferred Unitholder means a Partner holding one or more Preferred Partnership Units.

Preferred Unitholder means a beneficiary of the Trust that holds one or more Preferred Units, as indicated on the Register;

Preferred Unitholder means a Series A Unitholder as defined in the Company Partnership Agreement.