Series A Preference Unit definition

Series A Preference Unit means a Preference Unit having the designations, preferences, rights, powers and duties set forth in Article XVI.
Series A Preference Unit means a Unit having the rights and obligations specified with respect to Series A Preference Units in this Agreement (previously referred to only as a Preference Unit).

Examples of Series A Preference Unit in a sentence

  • Series A Holders shall be entitled to receive Series A Distributions from time to time out of any assets of the Partnership legally available for the payment of distributions at the Series A Distribution Rate per Series A Preference Unit when, as, and if declared by the Board of Directors.

  • Each Series A Preference Unit shall be identical in all respects to every other Series A Preference 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.

Related to Series A Preference Unit