Examples of Series 12 Preferred Limited Partnership Units in a sentence
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.
No other voting rights shall attach to the Series 12 Preferred Limited Partnership Units in any circumstances.
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.
The Partnership may not redeem any of the Series 12 Preferred Limited Partnership Units prior to April 30, 2022.
Beneficial owners of Series 12 Preferred Limited Partnership Units will not have the right to receive unit certificates representing their ownership of the Series 12 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 Series 12 Preferred Limited Partnership Unit shall entitle the Holder thereof to one vote for the purposes of any approval at a meeting of the Holders of the Series 12 Preferred Limited Partnership Units or by written consent.
Series 12 Preferred Limited Partnership Units are not subject to the operation of a sinking fund.
At such adjourned meeting, the Holders(s) of Series 12 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 12 Preferred Limited Partnership Units then represented in person or by proxy shall form the necessary quorum.
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.