Series B Distributions definition

Series B Distributions means distributions with respect to Series B Preferred Units pursuant to Section 16.3.

Series B Distributions means distributions with respect to Series B Preferred Units pursuant to Section 17.3.

Series B Distributions means, with respect to any Series B Distribution Period, an amount equal to 95% of Revenues Less Expenses received by Hilli Corp during such Series B Distribution Period.

Examples of Series B Distributions in a sentence

• Each Series B Preferred Unit shall be identical in all respects to every other Series B Preferred Unit, except as to the respective dates from which the Series B Liquidation Preference shall increase or from which Series B Distributions may begin accruing, to the extent such dates may differ.

• During the Series B Fixed Rate Period, Series B Distributions shall be payable based on a 360-day year consisting of twelve 30 day months.

• Series B 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 February 16, 2021), to, but excluding, the next Series B Distribution Payment Date for such Series B Distribution Period; provided that distributions shall accrue on accumulated but unpaid Series B Distributions at the Series B Distribution Rate.

• Series B Distributions, to the extent declared by the General Partner to be paid by the Partnership in accordance with this Section 5.18(b)(ii), shall be paid, in Arrears, on each Series B Distribution Payment Date.

• 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.

• All Series B Distributions that are (1) accumulated and unpaid or (2) payable by the Partnership pursuant to this Section 5.18(b)(ii) shall be payable without regard to income of the Partnership and shall be treated for federal income tax purposes as guaranteed payments for the use of capital under Section 707(c) of the Code.

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

More Definitions of Series B Distributions

Series B Distributions means distributions with respect to Series B Preferred Units pursuant to Section 4 of this Exhibit BP. “Series B Holder” means the Person in whose name a Series B Preferred Unit is registered on the books of the Series B Transfer

Series B Distributions has the meaning set forth in the Partnership Agreement.

Series B Distributions means distributions with respect to Series B Preferred Units pursuant to S ection 5.18(b)(ii). “Series B Fixed Rate Period” means the period from and including the date hereof to, but excluding, February 15, 2028.

Series B Distributions means distributions with respect to Series B Preferred Units pursuant to Section 16.3. “Series B Fixed Rate Period” means the period from and including the Series B Original Issue Date to, but not including, October 15, 2027. “Series B Floating Rate Period” means the period from and including October 15, 2027 to, but not including, the date that all of the Series B Preferred Units are redeemed in full in accordance with Section 16.6 below. “Series B Holder” means a Record Holder of the Series B Preferred Units. “Series B LIBOR Determination Date” means the London Business Day immediately preceding the first date of the applicable Series B Distribution Period during the Series B Floating Rate Period (or for the period from and including October 15, 2027 and ending on and including December 31, 2027, the London Business Day immediately preceding October 15, 2027). “Series B Liquidation Preference” means an amount for each Series B Preferred Unit initially equal to $25.00 per share, which amount shall be subject to increase by the per Series B Preferred Unit amount of any accumulated and unpaid distributions (whether or not such distributions shall have been declared). “Series B Original Issue Date” means October 23, 2017. “Series B Payments” means, collectively, Series B Distributions and Series B Redemption Payments. “Series B Preferred Unit” means a Preferred Unit having the designations, preferences, rights, powers and duties set forth in Article XVI. “Series B Redemption Date” has the meaning assigned to such term in Section 16.6. “Series B Redemption Notice” has the meaning assigned to such term in Section 16.6(c). “Series B Redemption Payments” means payments to be made to the holders of Series B Preferred Units to redeem Series B Preferred Units in accordance with Section 16.6. “Series B Redemption Price” has the meaning assigned to such term in Section 16.6(a).

Series B Distributions means distributions with respect to Series B Preferred Units pursuant to Section 17.3. “Series B Holder” means a Record Holder of the Series B Preferred Units.

Series B Distributions means distributions with respect to Series B Preferred Units pursuant to Section 4 of this E xhibit BP.