Examples of Preferred Unitholders in a sentence
The Series A Preferred Units and the Series A Preferred Unitholders shall not have any designations, preferences, rights, powers or duties, other than as set forth in this Agreement or as provided by applicable law.
For greater certainty only the Preferred Unitholders shall be entitled to vote on such matters.
Certificates for fractional Units or Preferred Units will not be issued and fractional Units and Preferred Units do not entitle the holder thereof to receive notice of, to attend at or to vote at, a meeting of Trust Unitholders or a meeting of Preferred Unitholders in the event that the Trust is required to hold a meeting of Preferred Unitholders.
The legal ownership of the assets of the Trust and the right to conduct the affairs of the Trust are vested exclusively in the Trustees, subject to the provisions of this Declaration of Trust, and none of the Unitholders nor Preferred Unitholders shall have any interest therein other than the interest in the Trust conferred by their Units or Preferred Units issued hereunder as described herein.
Hirsch, Waking the Dead: An Empirical Analysis of Revival of Wills, 53 U.C. DAVIS.