Series 14 Preferred Units definition

Series 14 Preferred Units has the meaning ascribed thereto in Section 11.1(g) hereof;

Series 14 Preferred Units has the meaning given to such term in the preamble to this Part XV of Schedule A.

Examples of Series 14 Preferred Units in a sentence

• For purposes of the preceding sentence, each distribution period for the Series 14 Preferred Units that ends on the fifteenth day of March, June, September or December of any year shall be deemed the same distribution period as the distribution period for Series 14 Parity Securities that ends on the last day of March, June, September or December, respectively, of such year.

• Losses on redemption of $20 million were recognized directly in equity.On January 21, 2021, our partnership issued 8 million Series 14 Preferred Units, at $25 per unit, with a quarterly fixed distribution of 5.00% annually.

• The holders of Series 14 Preferred Units will be entitled to receive floating rate cumulative preferential cash distributions equal to the sum of the 90-day Canadian Treasury Bill Rate plus 3.00%.

• At any time following a Tax Event, the Partnership may, without the consent of any Series 14 Holder, vary the terms of the Series 14 Preferred Units such that they remain securities, or exchange the Series 14 Preferred Units with new securities, which would eliminate the substantial probability that the Partnership or any Successor Entity would be required to pay any Additional Amounts with respect to the Series 14 Preferred Units as a result of a Change in Tax Law.

• The holders of Series 14 Preferred Units will be entitled to receive floating rate cumulative preferential cash distributions equal to the sum of the 90-day Canadian Treasury Bill Rate plus 3.00%.As at September 30, 2018, none of the Class A, Series 5 Preferred Limited Partnership Units have been redeemed.

• The Series 14 Preferred Units shall not have the benefit of any sinking fund.

• If at any such meeting the holders of Series 14 Preferred Units of at least 25% of the then Outstanding Series 14 Preferred 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 five (5) days thereafter and to such time and place as may be designated by the chairman of such meeting.

• Streetcar rides will be free during the Parade of Lights on December 15, 2018 from 3 p.m. to 9 p.m. The Fill the Streetcar event on 4th Avenue will be held on December 14, 2018.

• Any variation or exchange of the Series 14 Preferred Units described above shall be made after notice is given to the Series 14 Holders not less than 30 days nor more than 60 days prior to the date fixed for variation or exchange, as applicable.

• Losses on redemption of $20 million were recognized directly in equity.On January 21, 2021, our partnership issued 12 million Series 14 Preferred Units, at $25 per unit, with a quarterly fixed distribution of 5.00% annually.