Examples of Series B Transfer Agent in a sentence
So long as the Series B Preferred Units are held in book-entry form with the Series B Transfer Agent, the Series B Redemption Price shall be paid by the Partnership through the Series B Transfer Agent to the Series B Holders on the Series B Redemption Date; provided that, at any time the General Partner is acting in the capacity of the Series B Transfer Agent, the Series B Redemption Price shall be paid by the Partnership directly to the Series B Holders on the Series B Redemption Date.
Any notice or other communication given to a holder of a Series B Preferred Unit in book-entry form shall be given in the manner prescribed by the Series B Transfer Agent, notwithstanding any contrary indication herein.
To the fullest extent permitted by applicable law, the Partnership and the Series B Transfer Agent may deem and treat any Series B Holder as the true, lawful, and absolute owner of the applicable Series B Preferred Units for all purposes, and, to the fullest extent permitted by law, neither the Partnership nor the Series B Transfer Agent shall be affected by any notice to the contrary.
Any funds deposited with the Series B Transfer Agent hereunder by the Partnership for any reason, including redemption of Series B Preferred Units, that remain unclaimed or unpaid after two years after the applicable Series B Redemption Date or other payment date, shall be, to the extent permitted by law, repaid to the Partnership upon its written request, after which repayment the Series B Holders entitled to such redemption or other payment shall have recourse only to the Partnership.
The Partnership shall be entitled to receive from the Series B Transfer Agent the interest income, if any, earned on such funds deposited with the Series B Transfer Agent (to the extent that such interest income is not required to pay the Series B Redemption Price of the Series B Preferred Units to be redeemed), and the holders of any Series B Preferred Units so redeemed shall have no claim to any such interest income.
Notwithstanding any Series B Redemption Notice, there shall be no redemption of any Series B Preferred Units called for redemption until funds sufficient to pay the full Series B Redemption Price of such Series B Preferred Units shall have been deposited by the Partnership with the Series B Transfer Agent or, if the General Partner is acting in the capacity of the Series B Transfer Agent, secured by the General Partner for such purposes.
So long as the Series B Preferred Units are held in book-entry form with the Series B Transfer Agent, declared Series B Distributions shall be paid to the Series B Transfer Agent in same-day funds on each Series B Distribution Payment Date.
So long as the Series B Transfer Agent shall have been appointed and is serving, payments and communications made by the Partnership to Series B Holders shall be made by making payments to, and communicating with, the Series B Transfer Agent.