Series A Preferred Partnership Unit means Paragon's right to distributions in an amount equal to the Series A Priority Return allocable to the Series A Preferred Capital Contribution of $1,000 and the right to a return of such Series A Preferred Capital Contribution in redemption thereof, all of which shall be payable in accordance with Section 5, together with all allocations of income attributable thereto, as specified in Section 5.
Series A Preferred Partnership Unit means a fractional, undivided share of the Series A Preferred Partnership Interests of all Partners issued under the Partnership Agreement.
Series A Preferred Partnership Unit means a Partnership Unit issued by the Partnership to the General Partner in consideration of the contribution by the General Partner to the Partnership of the entire net proceeds received by the General Partner from the issuance of the Series A Preferred Shares. The Series A Preferred Partnership Units shall constitute Preferred Partnership Units. The Series A Preferred Partnership Units shall have the voting powers, designations, preferences and relative, participating, optional or other special rights and qualifications, limitations or restrictions as are set forth in Exhibit H, attached hereto. It is the intention of the General Partner, in establishing the Series A Preferred Partnership Units, that each Series A Preferred Partnership Unit shall be substantially the economic equivalent of a Series A Preferred Share.
Examples of Series A Preferred Partnership Unit in a sentence
Quarterly distributions on each Series A Preferred Partnership Unit shall accrue and be cumulative from and including the date of original issue thereof, whether or not (i) quarterly distributions on such Series A Preferred Partnership Units are earned or declared or (ii) on any Quarterly Distribution Date there shall be funds legally available for the payment of quarterly distributions.
When distributions are not paid in full (or a sum sufficient for such full payment is not so set apart) upon the Series A Preferred Partnership Units, all distributions declared on the Series A Preferred Partnership Units shall be declared pro rata so that the amount of distributions declared per Series A Preferred Partnership Unit shall in all cases bear to each other the same ratio that accumulated distributions per Series A Preferred Partnership Unit bear to each other.
More Definitions of Series A Preferred Partnership Unit
Series A Preferred Partnership Unit means a Partnership Unit issued by the Partnership to the General Partner in consideration of the contribution by the General Partner to the Partnership of the entire net proceeds received by the General Partner from the issuance of the Series A Preferred Shares. The Series A Preferred Partnership Units shall constitute Preferred Partnership Units. The Series A Preferred Partnership Units shall have the voting powers, designation, preferences and relative, participating, optional or other special rights and qualifications, limitations or restrictions as are set forth in Exhibit 1 attached hereto. It is the intention of the General Partner, in establishing the Series A Preferred Partnership Units, that each Series A Preferred Partnership Unit shall be substantially the economic equivalent of a Series A Preferred Share.
Series A Preferred Partnership Unit means a Partnership Unit issued by the Partnership to PPI in consideration of the contribution by PPI to the Partnership of the entire net proceeds received by PPI from the issuance of the Series A Preferred Shares on October 1, 1996. The Series A Preferred Partnership Units constitute Preferred Partnership Units. The Series A Preferred Partnership Units have the voting powers, designation, preferences and relative, participating, optional or other special rights and qualifications, limitations or restrictions as are set forth in Exhibit F, attached hereto. Each Series A Preferred Partnership Unit shall be substantially the economic equivalent of a Series A Preferred Share. The Series A Preferred Partnership Units have been assigned by PPI to the Post Partners as of the Effective Date.
Series A Preferred Partnership Unit means a Partnership Unit issued ----------------------------------- by the Partnership to Weeks LP Holdings in consideration of the contribution by Weeks LP Holdings to the Partnership of the entire net proceeds received by Weeks LP Holdings as a contribution to the capital of Weeks LP Holdings by Weeks of the proceeds from the issuance of the Series A Preferred
Series A Preferred Partnership Unit means a Partnership Unit issued by the Partnership to FAC Properties Holding Corp. The Series A Preferred Partnership Units shall constitute Preferred Partnership Units. Holders of the Series A Preferred Partnership Units shall have the same voting powers, designations, preferences and relative, participating, optional or other special rights and qualifications, limitations or restrictions with respect to the Series A Preferred Partnership Units as holders of the Series A Preferred Stock have with respect to such Series A Preferred Stock. It is the intention of the General Partner, in establishing the Series A Preferred Partnership Units, that each Series A Preferred Partnership Unit shall be substantially the economic equivalent of a share of Series A Preferred Stock.
Series A Preferred Partnership Unit means a Preferred Partnership Unit issued by the Partnership to the Partners pursuant to Article 16 of this Agreement, having the voting powers, designations, preferences and relative, participating, optional or other special rights and qualifications, limitations or restrictions as are set forth in the Partnership Unit Designation Attached hereto as Exhibit G . It is the intention of the General Partner, in establishing the Series A Preferred Partnership Units, that each Series A Preferred Partnership Unit shall be substantially the economic equivalent of a Series A Preferred Share.
Series A Preferred Partnership Unit means a Partnership Unit with the designations, preferences and relative, participating, optional or other special rights, powers and duties as are set forth in this Series A Designation. It is the intention of the General Partner that each Series A Preferred Partnership Unit shall be substantially the economic equivalent of one share of Series A Preferred Stock.