Series B Preferred Mirror Unit definition

Series B Preferred Mirror Unit means a 6.375% Series B Preferred Mirror Unit having the designations, preferences, rights, powers and duties set forth in Article XII.

Examples of Series B Preferred Mirror Unit in a sentence

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

  • The Capital Account balance of each holder of Series B Preferred Mirror Units with respect to each Series B Preferred Mirror Unit shall equal the Liquidation Preference per Series B Preferred Mirror Unit as of the date such Series B Preferred Mirror Unit is initially issued and shall be increased as set forth in Article XII.

  • If the Issuer redeems its Series B Preferred Shares pursuant to a Rating Agency Redemption Event, then the Partnership may, in the General Partner’s sole discretion, redeem the Series B Preferred Mirror Units, in whole but not in part, out of funds legally available therefor, at a redemption price equal to $25.50 per Series B Preferred Mirror Unit plus an amount equal to the declared and unpaid distributions.

  • One Series B Preferred Mirror Unit shall be initially issued to the General Partner.

  • If the Issuer redeems its Series B Preferred Shares pursuant to a Rating Agency Redemption Event, then the Company may, in the Board’s sole discretion, redeem the Series B Preferred Mirror Units, in whole but not in part, out of funds legally available therefor, at a redemption price equal to $25.50 per Series B Preferred Mirror Unit plus an amount equal to the declared and unpaid distributions.

Related to Series B Preferred Mirror Unit