Examples of Series 5 Preferred Units in a sentence
In August 2016, Brookfield Infrastructure issued 10 million Series 5 Preferred Units at C$25 per unit with a quarterly fixed distribution at a rate of 5.35% annually for the initial period ending September 30, 2021.
Any Series 5 Preferred Units that shall at any time have been redeemed shall after such redemption, have the status of authorized but unissued Preferred Units, without designation as to class or series until such units are once more designated as part of a particular class or series by the General Partner.
After payment of the full amount of the liquidating distributions to which they are entitled, the holders of Series 5 Preferred Units will have no right or claim to any of the remaining assets of the Partnership.
Holders of Series 5 Preferred Units shall not be entitled to any distributions, whether payable in cash, other property or otherwise, in excess of the full cumulative distributions described herein.
The City will exercise care, conservancy, planning, attention, upkeep, and management of its financial resources.
If any date on which distributions are to be made on the Series 5 Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date.
The term “equity securities” does not include debt securities, which will rank senior to the Series 5 Preferred Units.
Distributions on the Series 5 Preferred Units will accrue whether or not the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized or declared.
Holders of the Series 5 Preferred Units will not have any voting rights, except as required by the Act.
In August 2016, our partnership issued 10 million Series 5 Preferred Units at C$25 per unit with a quarterly fixed distribution at a rate of 5.35% annually for the initial period ending September 30, 2021.