Series C Distributions definition

Series C Distributions means distributions with respect to Series C Preference Units pursuant to Section 18.3.

Series C Distributions means distributions with respect to Series C Preferred Units pursuant to Section 18.3.

Series C Distributions means distributions with respect to Series C Preferred Units pursuant to Section 5.11(b)(ii).

Examples of Series C Distributions in a sentence

• In the event that the Company does not elect by notice to the Series C Holders of an election to pay a Series C Distribution in cash by the June 1 or December 1 immediately preceding the applicable Series C Distribution Payment Date, the Company shall be deemed to have elected to pay the applicable Series C Distribution in the form of Compounded Series C Distributions.

• Series C Distributions will be payable to Series C Holders of record as they appear in the member records of the Company as of the end of the Business Day immediately preceding the applicable record date designated by the Manager for the payment of Series C Distributions, which such date shall be not more than thirty (30) or fewer than ten (10) days prior to the applicable Series C Distribution Payment Date.

• All Series C Distributions shall be paid or accrued, semi-annually pursuant to Section 18.03(a) on the applicable Series C Distribution Payment Date, at the option of the Company either (x) by compounding and adding such distribution amount to the then current Accumulated Stated Value (“Compounded Series C Distributions”) or (y) in cash.

More Definitions of Series C Distributions

Series C Distributions means distributions with respect to Series C Preferred Units pursuant to S ection 5.19(b)(ii). “Series C Fixed Rate Period” means the period from and including the date hereof to, but excluding, May 15, 2023.

Series C Distributions has the meaning set forth in Section 18.03(a). “Series C Distribution Payment Date” means June 30 and December 31 of each year (except that if such date is not a Trading Day, the payment date shall be the next succeeding Trading Day). “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.