Series A Preferred Units definition
Examples of Series A Preferred Units in a sentence
No interest, or sum of money in lieu of interest, shall be payable in respect of any distribution payment or payments on Series A Preferred Units which may be in arrears.
The amount of any distribution payable on the Series A Preferred Units for any partial distribution period will be prorated and computed, and for any full distribution period will be computed, on the basis of twelve 30-day months and a 360-day year.
Any distribution made on the Series A Preferred Units shall first be credited against the earliest accrued but unpaid Series A Preferred Return which remains payable.
The Series A Preferred Units are not convertible or exchangeable for any other property or securities, except as provided herein.
Holders of the Series A Preferred Units will not have any voting rights.