Examples of Series C Preferred Partnership Units in a sentence
From and after the applicable redemption date, the Series C Preferred Partnership Units so redeemed shall no longer be outstanding and all rights hereunder, to distributions or otherwise, with respect to such Series C Preferred Partnership Units shall cease.
The foregoing voting provisions will not apply if, at or prior to the time when the act with respect to which such vote would otherwise be required shall be effected, all outstanding Series C Preferred Partnership Units shall have been redeemed or called for redemption pursuant to Section 5 or 6 hereof and sufficient funds shall have been deposited in trust to effect such redemption.
The Series C Preferred Partnership Units shall be owned and held solely by one or both of the Post Partners.
The Series C Preferred Partnership Units are subject to the transfer restrictions set forth in Article IX of the Partnership Agreement.
Nothing contained in Exhibit F or --------- --------- Exhibit S to this Agreement shall prohibit the Partnership from issuing --------- additional Partnership Units which are Parity Partnership Units with the Series C Preferred Partnership Units.
No interest, or sum of money in lieu of interest, shall be payable in respect of any distribution payment or payments on Series C Preferred Partnership Units which may be in arrears.
Upon liquidation, dissolution or winding up of the Partnership, the holders of the Series A Preferred Partnership Units, Series C Preferred Partnership Units and Series D Preferred Partnership Units shall be entitled to such distributions as are provided in Section 8.2 of this Partnership Agreement, taking into account the required allocations of Net Income, Net Losses and other items to the Partners as provided in Exhibit F to this Partnership Agreement.
All shares of Common Stock delivered upon exchange or redemption of the Series C Preferred Partnership Units will upon delivery be duly and validly issued and fully paid and nonassessable.
Quarterly distributions shall begin to accrue and shall be fully cumulative from the first date on which the pertinent units of the Series C Preferred Partnership Units are issued and sold and shall first be payable on January 31, 1999 (each such payment date being hereafter called a "Quarterly Distribution Date" and each period ending on a Quarterly Distribution Date being hereinafter called a "Quarterly Distribution Period").
In connection with the exchange or redemption of any Series C Preferred Partnership Units, fractions of such units may be converted; however, no fractional shares or scrip representing fractions of shares of Common Stock shall be issued upon exchange or redemption of the Series C Preferred Partnership Units.