Series B Distribution Payment Date means the 15th day of March, June, September and December of each year, commencing on September 15, 2017; provided, however, that if any Series B Distribution Payment Date 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 Payment Date has the meaning assigned to such term in Section 5.10(b)(ii)(A).
Series B Distribution Payment Date means the last calendar day of each month; provided, however, that if any Series B Distribution Payment Date falls on any day other than a Business Day, the distribution payment due on such Series B Distribution Payment Date shall be paid on the first Business Day immediately following such Series B Distribution Payment Date.
Examples of Series B Distribution Payment Date in a sentence
If any Series B Distribution Payment Date otherwise would occur on a date that is not a Business Day, declared Series B Distributions shall be paid on the immediately succeeding Business Day without the accumulation of additional distributions.
Accumulated Series B Distributions in Arrears for any past Series B Distribution Period may be declared by the General Partner and paid on any date fixed by the General Partner, whether or not a Series B Distribution Payment Date, to Series B Holders on the Record Date for such payment, which may not be less than 10 days before such payment date.
So long as the Series B Preferred Units are held of record by the Depositary or its nominee, declared Series B Distributions shall be paid to the Depositary in same-day funds on each Series B Distribution Payment Date or other distribution payment date in the case of payments for Series B Distributions in Arrears.
Distributions shall accumulate in each Series B Distribution Period from and including the preceding Series B Distribution Payment Date (other than the initial Series B Distribution Period, which shall commence on and include the Series B Original Issue Date), to but excluding the next Series B Distribution Payment Date for such Series B Distribution Period, and distributions shall accrue on accumulated Series B Distributions at the Series B Distribution Rate.
If any Series B Distribution Payment Date during the Series B Floating Rate Period would otherwise occur on a date that is not a Business Day, then the Series B Distribution Payment Date will be the next day that is a Business Day.
More Definitions of Series B Distribution Payment Date
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 Payment Date means February 15, May 15, August 15 or November 15 of each year, as applicable for the Series B Distribution Period, commencing May 15, 2021; provided, however, that if any Series B Distribution Payment Date would otherwise occur on a day that is not a Business Day, then such Series B Distribution Payment Date shall instead be the immediately succeeding Business Day, without the accumulation of additional distributions.
Series B Distribution Payment Date means, with respect to each Series B Distribution Period, the fifteenth day of February, May, August and November, in each year, commencing on November, 15, 2001; PROVIDED, HOWEVER, that if any Series B Distribution Payment Date falls on any day other than a Business Day, the distribution payment due on such Series B Distribution Payment Date shall be paid on the Business Day immediately following such Series B Distribution Payment Date.
Series B Distribution Payment Date means the 15th calendar day of January, April, July, and October in each year, commencing on
Series B Distribution Payment Date at the then applicable annual rate; provided, however, that if any Series B Distribution Payment Date falls on any day other than a Business Day (as defined in the Series B Articles Supplementary), the distribution that would otherwise have been payable on such Series B Distribution Date may be paid on the next succeeding Business Day with the same force and effect as if paid on such Series B Distribution Payment Date, and no interest or other sums shall accrue on the amount so payable from such Series B Distribution Payment Date to such next succeeding Business Day. Each distribution is payable to holders of record as they appear on the records of the Partnership at 5:00 p.m., New York time, on the record date, which shall be March 15, June 15, September 15 or December 15 immediately preceding the applicable Series B Distribution Payment Date. If such record date is not a Business Day, the record date shall be the immediately preceding Business Day (each such date, a “Record Date”). Distributions shall accrue and be cumulative from the most recent Series B Distribution Payment Date to which distributions have been paid (a “Prior Distribution Payment Date”) (or if no Prior Distribution Payment Date, from the Original Issue Date) to, but excluding, the next Series B Distribution Payment Date, to holders of record as of 5:00 p.m., New York time, on the related Record Date, whether or not in any such distribution period or periods there shall be funds legally available for the payment of such distributions, whether the Partnership has earnings or whether such distributions are authorized. No interest, or sum of money in lieu of interest, shall be payable in respect of any distribution payment or payments on Series B Participating Preferred Partnership Units that may be in arrears. Holders of Series B Participating Preferred Partnership Units shall not be entitled to any distributions, whether payable in cash, property or shares, in excess of full cumulative distributions, as herein provided, on the Series B Participating Preferred Partnership Units. Distributions payable on the Series B Participating Preferred Partnership Units for any period greater or less than a full distribution period will be computed on the basis of a three hundred sixty (360) day year consisting of twelve (12) thirty (30) day months. Distributions payable on the Series B Participating Preferred Partnership Units for each full distribution period will be computed by dividing the applica...
Series B Distribution Payment Date means (i) the thirty-first day of each January with respect to the Series B Distribution Period commencing on October 1 of the then immediately preceding year, (ii) the thirtieth day of each April with respect to the Series B Distribution Period commencing on January 1 of such year, (ii) the thirty-first day of each July with respect to the Series B Distribution Period commencing on April 1 of such year and (iv) the thirty-first day of each October with respect to the Series B Distribution Period commencing on July 1 of such year.
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