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.
In consideration of the contribution to the Partnership pursuant to Section 1 hereof, the Partnership hereby issues to AEW Fund 1,400,000 Series C Preferred Partnership Units (as defined herein).
The holder further agrees that, in the event any state or local property transfer tax is payable as a result of the transfer of its Series C Preferred Partnership Units to the Partnership or the Assumers, such holder shall assume and pay such transfer tax.
In respect of rights to receive quarterly distributions and to participate in distributions of payments in the event of any liquidation, dissolution or winding up of the Partnership, the Series C Preferred Partnership Units shall rank senior to the Common Partnership Units and any other class or series of Partnership Units of the Partnership ranking, as to quarterly distributions and upon liquidation, junior to the Series C Preferred Partnership Units (collectively, "Junior Partnership Units").
The Series C Preferred Partnership Units may only be transferred in whole and not in part.
The Series C Preferred Partnership Units shall have no stated maturity and will not be subject to any sinking fund or mandatory redemption provisions.
Notwithstanding anything herein to the contrary, the General Partner, Weeks LP Holdings or any combination thereof (an "Assumer" or, collectively, the "Assumers") may, in the sole and absolute discretion of the General Partner, assume directly and satisfy the exercise of a redemption or exchange right by paying the holder of Series C Preferred Partnership Units the Redemption Price or Put Price, as applicable.
If the Exchange Date is after a Record Date and before the related Quarterly Distribution Date, the distribution payable on such Quarterly Distribution Date shall be paid on the Exchange Date to the holder in whose name the Series C Preferred Partnership Units to be exchanged are registered at the close of business on such Record Date notwithstanding the exchange thereof between such Record Date and the related Quarterly Distribution Date.
No interest shall accrue for the benefit of the Series C Preferred Partnership Units to be redeemed on any cash set aside by the Partnership.
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.