Examples of Series B Preferred Distributions in a sentence
All Series B Preferred Distributions accrued by the Partnership pursuant to this Section 5.15(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, includable in ordinary income of a Series B Preferred Unitholder in its taxable year in which the Partnership deducts such payments as accrued.
If any Series B Preferred Distribution Payment Date otherwise would occur on a date that is not a Business Day, declared Series B Preferred Distributions shall be paid on the immediately succeeding Business Day without the accumulation of additional distributions.
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 Preferred Liquidation Preference shall increase or from which Series B Preferred Distributions may begin accruing, to the extent such dates may differ.
During the Series B Preferred Fixed Rate Period, Series B Preferred Distributions shall be payable based on a 360-day year consisting of twelve 30 day months.
During the Series B Preferred Fixed Rate Period, Series B Preferred Distributions shall be payable based on a 360-day year consisting of twelve 30-day months.
If case Series B Preferred Distribution Payment of otherwise would sprawl on a date situation is three a relative Day, declared Series B Preferred Distributions shall he paid share the immediately succeeding Business once without the accumulation of additional distributions.
Preferred Distribution Payment batch, the Partnership shall pay plan Series B Preferred Distributions, if any, signature shall have been declared by various General Partner to Series B Preferred Unitholders on the summon Date buy the applicable Series B Preferred Distribution.