Series A Distributions definition

Series A Distributions means distributions with respect to Series A Preferred Units pursuant to Section 16.3.

Series A Distributions means distributions with respect to Series A Preferred Units pursuant to Section 16.3. “Series A Holder” means a Record Holder of the Series A Preferred Units.

Series A Distributions means, with respect to any Series A Distribution Period, 100% of any Incremental Perenco Revenues received by Hilli Corp during such Series A Distribution Period.

Examples of Series A Distributions in a sentence

• Each Series A Preferred Unit shall be identical in all respects to every other Series A Preferred Unit, except as to the respective dates from which the Series A Liquidation Preference shall increase or from which Series A Distributions may begin accruing, to the extent such dates may differ.

• If any Series A Distribution Payment Date otherwise would occur on a date that is not a Business Day, declared Series A Distributions shall be paid on the immediately succeeding Business Day without the accumulation of additional distributions.

• Series A Distributions shall be payable based on a 360-day year consisting of twelve 30-day months.

• All Series A Distributions payable by the Partnership pursuant to this Section 16.3 shall be payable without regard to income of the Partnership and shall be treated for federal income tax purposes as guaranteed payments for the use of capital under Section 707(c) of the Code.

• Distributions shall accumulate in each Series A Distribution Period from and including the preceding Series A Distribution Payment Date (other than the initial Series A Distribution Period, which shall commence on and include the Series A Original Issue Date), to but excluding the next Series A Distribution Payment Date for such Series A Distribution Period, and distributions shall accrue on accumulated Series A Distributions at the Series A Distribution Rate.

More Definitions of Series A Distributions

Series A Distributions has the meaning set forth in the Partnership Agreement.

Series A Distributions means distributions with respect to Series A Preferred Units pursuant to Section 4 of this Exhibit AP. “Series A Holder” means the Person in whose name a Series A Preferred Unit is registered on the books of the Transfer Agent, as of

Series A Distributions has the meaning set forth in Section 7.2(a).

Series A Distributions means distributions with respect to Series A Preferred Units pursuant to S ection 16.3.

Series A Distributions means distributions with respect to Series A Preferred Units pursuant to S ection 5.17(b)(ii). “Series A Fixed Rate Period” means the period from and including the date hereof to, but excluding, February 15, 2023.

Series A Distributions means distributions with respect to Series A Preferred Units pursuant to Section 16.3. “Series A Holder” means a Record Holder of the Series A Preferred Units. “Series A Liquidation Preference” means an amount for each Series A Preferred Unit initially equal to $25.00 per share, which amount shall be subject to increase by the per Series A Preferred Unit amount of any accumulated and unpaid distributions (whether or not such distributions shall have been declared). “Series A Original Issue Date” means October 5, 2016. “Series A Payments” means, collectively, Series A Distributions and Series A Redemption Payments. “Series A Preferred Unit” means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI. “Series A Redemption Date” has the meaning assigned to such term in Section 16.6. “Series A Redemption Notice” has the meaning assigned to such term in Section 16.6(c). “Series A Redemption Payments” means payments to be made to the holders of Series A Preferred Units to redeem Series A Preferred Units in accordance with Section 16.6. “Series A Redemption Price” has the meaning assigned to such term in Section 16.6(a). “Series B Distribution Payment Date” means each January 15, April 15, July 15 and October 15, commencing January 15, 2018; provided, however, that if any Series B Distribution Payment Date during the Series B Fixed Rate Period would otherwise occur on a day that is not a Business Day, such Series B Distribution Payment Date shall instead be on the immediately succeeding Business Day. “Series B Distribution Period” means (i) the period commencing on (and including) the Series B Original Issue Date and ending on (and including) December 31, 2017, and (ii) any subsequent three-month period commencing on (and including) any January 1, April 1, July 1 or October 1 and ending on (and including) the last day in March, June, September and December, respectively. “Series B Distribution Rate” means a rate equal to (a) during the Series B Fixed Rate Period, 8.50% per annum of the Stated Series B Liquidation Preference per Series B Preferred Unit and (b) during the Series B Floating Rate Period, a percentage per annum of the Series B

Series A Distributions means distributions with respect to Series A Preferred Units pursuant to Section 4 of this ExhibitAP.