Preferred Units means a Partnership Interest, including the Series A Preferred Units, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions, or as to the distribution of assets upon any Liquidation Event, over Common Units.
Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.02 of the Partnership Agreement.
Preferred Units means the Series A Preferred Units and the Series B Preferred Units.
Examples of Preferred Units in a sentence
No sinking fund shall be established for the retirement or redemption of Series A Preferred Units.
No sinking fund shall be established for the retirement or redemption of Series B Preferred Units.
The Series A Preferred Units shall not have the benefit of any sinking fund.
The Partnership or the Previous General Partner may purchase Preferred Units from time to time in the open market, by tender or exchange offer, in privately negotiated purchases or otherwise.
The Series A Preferred Units have no stated maturity and will not be subject to any sinking fund or mandatory redemption.
More Definitions of Preferred Units
Preferred Units has the meaning set forth in Section 3.04(a)(ii) hereof.
Preferred Units has the meaning set forth in the LLC Agreement.
Preferred Units means a Class of Units, in one or more series, designated as “Preferred Units,” which entitles the holder thereof to a preference with respect to the payment of distributions over the Class A Units and any other Junior Units then outstanding as set forth herein.
Preferred Units means the Units having the rights and obligations specified with respect to Preferred Units in this Agreement.
Preferred Units has the meaning set forth in the Recitals.
Preferred Units means (i) the Series A Preferred Mirror Units, (ii) the Series B Preferred Mirror Units and (iii) any other Class of Units that entitles the Record Holders thereof to a preference or priority over the Record Holders of any other Class of Units in the right to share profits or losses or items thereof, the right to share in Partnership distributions or rights upon dissolution or liquidation of the Partnership.
Preferred Units means the preferred limited partnership units in the capital of BEP.