Examples of Series 9 Preferred Limited Partnership Units in a sentence
Any such Preferred Units that are reclassified into Series 9 Preferred Limited Partnership Units shall have the rights, privileges, restrictions and conditions set out herein.
Such notice shall set out the number of such Series 9 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.
The Partnership shall give notice in writing not less than 25 days nor more than 60 days prior to the applicable Series 9 Reclassification Date of its intention to redeem such Series 9 Preferred Limited Partnership Units to each person who at the date of giving such notice is the Holder of Series 9 Preferred Limited Partnership Units to be redeemed.
Series 9 Preferred Limited Partnership Units are not subject to the operation of a sinking fund.
Each Series 9 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 9 Preferred Limited Partnership Units or by written consent.
At such adjourned meeting, the Holders of Series 9 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 9 Preferred Limited Partnership Units then represented in person or by proxy shall form the necessary quorum.
Holders of Series 9 Preferred Limited Partnership Units shall not have any rights of preemption with regard to any Partnership Interests.
Each such determination by the Partnership of the Annual Fixed Distribution Rate will, in the absence of manifest error, be final and binding upon the Partnership and upon all Holders of Series 9 Preferred Limited Partnership Units.
If at any such meeting the Holders of at least 25% of the then Outstanding Series 9 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 9 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.