Series C Parity Securities definition

Series C Parity 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 pari passu with the Series C Preferred Units.

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

Series C Parity Securities has the meaning given to such term in paragraph C(2).

Examples of Series C Parity Securities in a sentence

• If less than all distributions payable with respect to all Series C Preferred Units and any other Series C Parity Securities are paid, any partial payment shall be made Pro Rata with respect to the Series C Preferred Units and any such other Series C Parity Securities entitled to a distribution payment at such time in proportion to the aggregate distribution amounts remaining due in respect of such Series C Preferred Units and such other Series C Parity Securities at such time.

• After such allocations have been made to the Outstanding Series C Preferred Units and any Series C Parity Securities, as applicable, any remaining Net Termination Gain or Net Termination Loss shall be allocated to the Partners pursuant to Section 6.1(c) or Section 6.1(d), as the case may be.

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

• The terms "Series C Parity Securities," "Series C Junior Securities" and "Series C Senior Securities" as used herein with respect to any class or series of capital stock shall only be deemed to refer to such class or series to the extent it ranks (I) pari passu with, (ii) not senior to or pari passu with, as applicable, or (iii) senior to, the Series C Preferred Stock with respect to dividends, other distributions, liquidation preferences or otherwise.

• The Corporation has the power to authorize and/or issue additional shares or classes or series of Series C Junior Securities or Series C Parity Securities without the consent of the Series C Holders.

• The respective definitions of “Series C Parity Securities” and “Series C Junior Securities” shall include any options, warrants and any other rights exercisable for or convertible into Series C Parity Securities or Series C Junior Securities.

• Other than Series C PIK Preferred Units issued in connection with the Series C Quarterly Distribution, the Partnership shall not, without the affirmative vote of the holders of a majority of the Outstanding Series C Preferred Units, issue any Series C Parity Securities or Series C Senior Securities.

• As contemplated --------- by Sections 3.2.1, 3.3.1, 3.4.1, 3.5.1, and 3.6.1, the Series A Preferred shall be Series B Parity Securities, Series C Parity Securities, Series D Parity Securities, Series E Parity Securities and Series F Parity Securities, and as such, shall be on a parity with the Series B Preferred, Series C Preferred, Series D Preferred, Series E Preferred and Series F Preferred with respect to dividend rights and rights upon liquidation, winding-up and dissolution.

• As contemplated by Sections 3.2.1, 3.3.1, 3.4.1, 3.5.1, and 3.6.1, the Series A Preferred shall be Series B Parity Securities, Series C Parity Securities, Series D Parity Securities, Series E Parity Securities and Series F Parity Securities, and as such, shall be on a parity with the Series B Preferred, Series C Preferred, Series D Preferred, Series E Preferred and Series F Preferred with respect to dividend rights and rights upon liquidation, winding-up and dissolution.

• The terms "Series C Parity Securities," "Series C Junior Securities" and "Series C Senior Securities" as used herein with respect to any class or series of capital stock shall only be deemed to refer to such class or series to the extent it ranks (i) pari passu with, (ii) not senior to or pari passu with, as applicable, or (iii) senior to, the Series C Preferred Stock with respect to dividends, other distributions, liquidation preferences or otherwise.

More Definitions of Series C Parity Securities

Series C Parity Securities means the Series A Preferred Units, Series B Preferred Units, Series D Preferred Units, Series E Preferred Units, Series F Preferred Units, Series G Preferred Units, Series H Preferred Units, Series I Preferred Units and other any class or series of Partnership Interests established after April 1, 2021 by the General Partner, the terms of which class or series expressly provide that it ranks on parity with the Series C Preferred Units as to distributions and amounts payable upon a dissolution or liquidation pursuant to Article XII.

Series C Parity Securities has the meaning set forth in Section 5.03(b) hereof.

Series C Parity Securities has the meaning set forth in Section 6.05(c) hereof.

Series C Parity Securities means each other class of Capital Stock or class or series of preferred stock issued by the Corporation after the date hereof the terms of which do not specifically provide that they rank junior to Series C Preferred Stock or senior to Series C Preferred Stock as to dividend distributions or distributions upon liquidation, winding up or dissolution of the Corporation.

Series C Parity Securities means the Series A Preferred Units, Series B Preferred Units, Series D Preferred Units, Series E Preferred Units, Series F Preferred Units, Series G Preferred Units and other 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 on parity with the Series C Preferred Units as to distributions and amounts payable upon a dissolution or liquidation pursuant to A rticle XII.