Examples of Series A Preferred Mirror Unit in a sentence
Each Series A Preferred Mirror Unit shall be identical in all respects to every other Series A Preferred Mirror Unit.
The Capital Account balance of each holder of Series A Preferred Mirror Units with respect to each Series A Preferred Mirror Unit shall equal the Liquidation Preference per Series A Preferred Mirror Unit as of the date such Series A Preferred Mirror Unit is initially issued and shall be increased as set forth in Article XI.
For the avoidance of doubt, the Capital Account balance for each Series A Preferred Mirror Unit shall initially equal the Liquidation Preference per Series A Preferred Mirror Unit as of the date such Series A Preferred Mirror Unit is initially issued and shall be increased as set forth in Section 5.5(d).
For the avoidance of doubt, the Capital Account balance for each Series A Preferred Mirror Unit shall equal the Liquidation Preference per Series A Preferred Mirror Unit as of the date such Series A Preferred Mirror Unit is initially issued and shall be increased as set forth in Section 5.05.
Accrued but unpaid distributions on the Series A Preferred Mirror Units will accumulate as of the Series A Preferred Mirror Unit Distribution Payment Date on which they first become payable.
Such distributions shall be payable quarterly in arrears on or before the date on which distributions on the Series A Preferred Shares are payable (each a "Series A Preferred Mirror Unit Distribution Payment Date").
In connection with a redemption by the General Partner, pursuant to the exercise of a Share Redemption Right (as defined in the Declaration of Trust), of any or all of the Series A Preferred Shares, the Partnership shall issue to the General Partner a number of Class A Units equal to the number of Common Shares issued in payment of the redemption price of the Class A Preferred Shares so redeemed, and one Series A Preferred Mirror Unit for each Series A Preferred Share so redeemed shall be canceled.
The stated value of each Series A Preferred Mirror Unit shall be $50.00 (the "Stated Value").
One Series A Preferred Mirror Unit shall be initially issued to the First General Partner.
In connection with a redemption by the General Partner of any or all of the Series A Preferred Shares, the Partnership shall provide cash to the General Partner for such purpose which shall be equal to the redemption price (including accrued and unpaid distributions) of the Series A Preferred Shares to be redeemed and in exchange one Series A Preferred Mirror Unit shall be canceled with respect to each Series A Preferred Share so redeemed.