Series B Senior Securities definition

Series B Senior Securities means any class or series of Partnership Interests established after the Series B Original Issue Date by the General Partner, the terms of which class or series expressly provide that it ranks senior to the Series B Preferred Units as to distributions and amounts payable upon a dissolution or liquidation pursuant to Article XII.

Series B Senior Securities means any class or series of Partnership Interests that, with respect to distributions on such Partnership Interests or distributions upon liquidation of the Partnership, ranks senior to the Series B Preferred Units.

Series B Senior Securities has the meaning set forth in Section 6.03(c) hereof.

Examples of Series B Senior Securities in a sentence

• To the extent that any action required to be taken by the Corporation under this Certificate of Designation shall be prohibited or restricted by the terms of Series A Senior Securities, Series B Senior Securities, Series C Senior Securities or any contract or instrument to which the Corporation is a party in respect of the incurrence of indebtedness, such Corporation's actions shall be delayed until such time as such prohibition or restriction is no longer in force.

• If such payment shall have been made in full to the Series B Holders, and if payment shall have been made in full to the holders of any Series B Senior Securities and Series B Parity Securities of all amounts to which such holders shall be entitled, the remaining assets and funds of the Corporation shall be distributed among the holders of Series B Junior Securities, according to their respective shares and priorities.

• To the extent that any action required to be taken by the Corporation under this Certificate of Designation shall be prohibited or restricted by the terms of any Series B Senior Securities or any contract or instrument to which the Corporation is a party or by which it is bound in respect of the incurrence of indebtedness, such Corporation's actions shall be delayed until such time as such prohibition or restriction is no longer in force.

• The Series A Senior Securities may be exchanged for Series B Senior Securities pursuant to the terms of the Exchange Offer.

• The respective definitions of Series B Junior Securities, the Series B Parity Securities and the Series B Senior Securities shall also include any rights or options exercisable or exchangeable for or convertible into any of the Series B Junior Securities, the Series B Parity Securities or the Series B Senior Securities, as the case may be.

More Definitions of Series B Senior Securities

Series B Senior Securities has the meaning given to such term in paragraph B(2).

Series B Senior Securities means any class or series of Partnership Securities established after August 26, 2021, the terms of which class expressly provide that it ranks senior to the Series B Preferred Units as to distribution rights and/or as to rights on liquidation, winding-up, and dissolution of the Partnership.

Series B Senior Securities has the meaning set forth in Section 5.02(b) hereof.

Series B Senior Securities means any class or series of Partnership Interests established after the Series B Original Issue Date that is expressly made senior to the Series B Preferred Units as to the payment of distributions set forth in Section 5.15(b)(i) and amounts payable on a liquidation event in accordance with Section 12.4. For the avoidance of doubt, the term “Series B Senior Securities” does not include the Series A Preferred Units, Common Units, the General Partner Interest or the Special Limited Partner Interest.

Series B Senior Securities means the Series A Preferred Stock and each other class of capital stock or other class or series of Preferred Stock issued by the Corporation that by its terms is senior to the Series B Preferred Stock with respect to dividend distributions or distributions upon the liquidation, winding up or dissolution of the Corporation.

Series B Senior Securities means any class or series of Partnership Interests established after the date hereof by the General Partner, the terms of which class or series expressly provide that it ranks senior to the Series B Preferred Units as to distributions and amounts payable upon a dissolution or liquidation pursuant to A rticle XII.

Series B Senior Securities means the Series A Preferred Stock and each other class of capital stock or other class or series of Preferred Stock issued by the Corporation that by its terms is