Series C Distribution Rate definition

Series C Distribution Rate means an annual rate equal to (i) during the Series C Fixed Rate Period, 9.00% of the Series C Liquidation Preference and (ii) during the Series C Floating Rate Period, a percentage of the Series C Liquidation Preference equal to the sum of (a) the Series C Three-Month LIBOR, as calculated on each applicable Series C LIBOR Determination Date, and (b) 6.88%.

Series C Distribution Rate means an annual rate equal to (i) during the Series C Fixed Rate Period, 6.000% of the Series C Liquidation Preference and (ii) during the Series C Floating Rate Period, a percentage of the Series C Liquidation Preference equal to the sum of (a) the Series C Three-Month LIBOR, as calculated on each applicable Series C LIBOR Determination Date, and (b) 4.11%.

Series C Distribution Rate means (a) for each Quarter prior to the Quarter ending [December 31, 2017]3, the Series C Subsequent Distribution Rate, and (b) for the Quarter ending [December 31, 2017], and for each Quarter thereafter, (i) with respect to each Outstanding Series C Preferred Unit up to the Series C Threshold, the Series C Initial Distribution Rate and (ii) with respect to each remaining Outstanding Series C Preferred Unit, the Series C Subsequent Distribution Rate.

Examples of Series C Distribution Rate in a sentence

• Series C Holders shall be entitled to receive Series C Distributions from time to time out of any assets of the Partnership legally available for the payment of distributions at the Series C Distribution Rate per Series C Preference Unit when, as, and if declared by the Board of Directors.

• Series C Holders shall be entitled to receive Series C Distributions from time to time out of any assets of the Partnership legally available for the payment of distributions at the Series C Distribution Rate per Series C Preferred Unit when, as, and, if declared by the General Partner.

• Distributions shall accumulate in each Series C Distribution Period from and including the preceding Series C Distribution Payment Date (other than the initial Series C Distribution Period, which shall commence on and include the Series C Original Issue Date), to but excluding the next Series C Distribution Payment Date for such Series C Distribution Period and distributions shall accrue on accumulated Series C Distributions at the Series C Distribution Rate.

• Series C Distributions shall accumulate in each Series C Distribution Period from and including the preceding Series C Distribution Payment Date (other than the initial Series C Distribution Period, which shall commence on and include the Series C Original Issue Date), to, but not including, the next Series C Distribution Payment Date for such Series C Distribution Period; provided that distributions shall accrue on accumulated but unpaid Series C Distributions at the Series C Distribution Rate.

• Series C Unitholders shall be entitled to receive Series C Distributions from time to time out of any assets of the Partnership legally available for the payment of distributions at the Series C Distribution Rate per Series C Preferred Unit when, as, and, if declared by the General Partner.

More Definitions of Series C Distribution Rate

Series C Distribution Rate means a rate equal to 8.6% per annum of the Stated Series C Liquidation Preference per Series C Preferred Unit; provided, however, that if a Series C Distribution is not made in full in cash when due on a Series C Distribution Payment Date, then the Series C Distribution Rate shall increase to a rate equal to 12.6%, which increased rate (a) shall be applied prospectively from the date the Series C Distribution was not made in full in cash and (b) shall apply only until such date as all then accrued and unpaid Series C Distributions are paid in full in cash, whereupon the Series C Distribution shall decrease to a rate equal to 8.6% (subject to any subsequent increase for any subsequent failure to make a Series C Distribution in full in cash when due on a Series C Distribution Payment Date).

Series C Distribution Rate means an amount per Quarter per Series C Preferred Unit payable in arrears equal to the greater of (i) $0.4125 and (ii) the Series C Distribution Amount.

Series C Distribution Rate expressed as a percentage of the Series C Liquidation Preference (defined below) per Series C Preferred Partnership Unit per annum (the “Series C Preferred Return”), determined as follows:

Series C Distribution Rate has the meaning set forth in Section 18.03(a). “Series C Event Effective Date” has the meaning set forth in Section 18.07(b). “Series C Ex-Distribution Date” means, with respect to an issuance distribution on the Class A Common Units, the first date on which shares of Class A Common Stock trade on the applicable Trading Market, regular way, without the right to receive such issuance, dividend or distribution (including pursuant to due bills or similar arrangements required by the relevant stock exchange). “Series C Expiration Date” has the meaning set forth in Section 18.07(a)(iv). “Series C Holder” means a Person in whose name the Series C Preferred Mirror Units are registered, which Person shall be treated by the Company as the absolute owner of the Series C Preferred Mirror Units for the purpose of making payment and settling conversions and for all other purposes; provided, that, to the fullest extent permitted by law, no Person that has received by transfer Series C Preferred Mirror Units in violation of this Agreement or any other agreement to which the Company is a party and by which the Series C Holder is bound, shall be a Series C Holder, and the Company shall not recognize any such Person as a Series C Holder, and the Person in whose name the Series C Preferred Mirror Units were registered immediately prior to such transfer shall remain the Series C Holder of such units.

Series C Distribution Rate has the meaning set forth in Section 5.10(a) hereof.

Series C Distribution Rate means a rate equal to 7.75% per annum of the Stated Series C Liquidation Preference per Series C Preferred Unit.

Series C Distribution Rate means an annual rate equal to: