Series B Preference Unit definition

Series B Preference Unit means a Preference Unit having the designations, preferences, rights, powers and duties set forth in Article XVII.

Examples of Series B Preference Unit in a sentence

  • 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 Preference Unit when, as, and if declared by the Board of Directors.

  • Each Series B Preference Unit shall be identical in all respects to every other Series B Preference 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.

Related to Series B Preference Unit