Examples of Series 11 Preferred Limited Partnership Units in a sentence
Any such Preferred Units that are reclassified into Series 11 Preferred Limited Partnership Units shall have the rights, privileges, restrictions and conditions set out herein.
The Partnership shall give notice in writing not less than 25 days nor more than 60 days prior to the applicable Series 11 Reclassification Date of its intention to redeem such Series 11 Preferred Limited Partnership Units to each person who at the date of giving such notice is the Holder of Series 11 Preferred Limited Partnership Units to be redeemed.
On the exercise of the Reclassification Privilege by a Holder, the Partnership reserves the right not to reclassify the Series 11 Preferred Limited Partnership Units held by any Ineligible Person.
The reclassification of Series 11 Preferred Limited Partnership Units into Series 12 Preferred Limited Partnership Units shall not give rise to a redemption or cancellation of such Preferred Units.
Series 11 Preferred Limited Partnership Units not issued or that have been issued and reclassified by the Partnership shall be restored to the status of authorized but unissued Class A Preferred Limited Partnership Units.
Such notice shall set out the number of such Series 11 Preferred Limited Partnership Units held by the person to whom it is addressed which are to be redeemed and the Redemption Price and shall also set out the date on which the redemption is to take place.
Beneficial owners of Series 11 Preferred Limited Partnership Units will not have the right to receive unit certificates representing their ownership of the Series 11 Preferred Limited Partnership Units.
No other voting rights shall attach to the Series 11 Preferred Limited Partnership Units in any circumstances.
Series 11 Preferred Limited Partnership Units are not subject to the operation of a sinking fund.
At such adjourned meeting, the Holders of Series 11 Preferred Limited Partnership Units represented in person or by proxy may transact the business for which the meeting was originally called and the Holders of Series 11 Preferred Limited Partnership Units then represented in person or by proxy shall form the necessary quorum.