Examples of Series 12 Preferred Limited Partnership Units in a sentence
In eases where these standards conflict with statutes or other DOL regulations, the latter shall be controlling.
Holders of Series 12 Preferred Limited Partnership Units shall not have any rights of preemption with regard to any Partnership Interests.
On the exercise of the Reclassification Privilege by a Holder, the Partnership reserves the right not to reclassify the Series 12 Preferred Limited Partnership Units held by any Ineligible Person.
If at any such meeting the Holders of at least 25% of the then Outstanding Series 12 Preferred Limited Partnership Units are not present or represented by proxy within one half hour after the time appointed for such meeting, then the meeting shall be adjourned to such date not less than 5 days thereafter and to such time and place as may be designated by the chairman of such meeting, and no notice need be given of such adjourned meeting.
Series 12 Preferred Limited Partnership Units are not subject to the operation of a sinking fund.
The reclassification of Series 12 Preferred Limited Partnership Units into Series 11 Preferred Limited Partnership Units shall not give rise to a redemption or cancellation of such Preferred Units.
Such notice shall set out the number of such Series 12 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.
Series 12 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.
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.
Each such determination by the Partnership of the Quarterly Floating Distribution Rate will, in the absence of manifest error, be final and binding upon the Partnership and upon all Holders of Series 12 Preferred Limited Partnership Units.