Series D Distribution Amount means the cash distribution for the relevant Quarter that each Series D Preferred Unit would have received on an as-converted basis if such Series D Preferred Unit had been converted to a Common Unit pursuant to Section 5.15(b)(viii) immediately prior to the beginning of such Quarter.
Series D Distribution Amount means, as adjusted pursuant to Section 19.3(c): (a) for the first eight Series D Distribution Periods, an amount per Series D Distribution Period equal to $0.619 per Series D Preferred Unit, provided that the Series D Initial Distribution made on the Series D Initial Distribution Date shall be prorated for the number of days, commencing (i) with respect to the Series D Preferred Initial Closing Units (as such term is defined in the Series D Purchase Agreement), on and including the Series D Initial Closing Date, and (ii) with respect to the Series D Second Closing Units, on and including the Second Funding Closing Date (as such term is defined in the Series D Purchase Agreement), in each case to, but excluding, the Series D Initial Distribution Date; (b) for the twelve Series D Distribution Periods beginning with the initial Series D Distribution Period following the eight Series D Distribution Periods referred to in clause
Series D Distribution Amount means, as adjusted pursuant to Section 19.3(c): (a) for the first eight Series D Distribution Periods, an amount per Series D Distribution Period equal to $0.619 per Series D Preferred Unit, provided that the Series D Initial Distribution made on the Series D Initial Distribution Date shall be prorated for the number of days, commencing (i) with respect to the Series D Preferred Initial Closing Units (as such term is defined in the Series D Purchase Agreement), on and including the Series D Initial Closing Date, and (ii) with respect to the Series D Second Closing Units, on and including the Second Funding Closing Date (as such term is defined in the Series D Purchase Agreement), in each case to, but excluding, the Series D Initial Distribution Date; (b) for the twelve Series D Distribution Periods beginning with the initial Series D Distribution Period following the eight Series D Distribution Periods referred to in clause (a) of this definition, an amount per Series D Distribution Period equal to $0.682 per Series D Preferred Unit; and (c) beginning with the initial Series D Distribution Period following the twelve Series D Distribution Periods referred to in clause
Examples of Series D Distribution Amount in a sentence
Subject to Section 19.3(c)(iii), with respect to the four Series D Distribution Periods beginning with the Series D Distribution Period in respect of which the Series D Initial Distribution is paid (the “Series D Initial PIK Date”), in the sole discretion of the General Partner, up to 50% of the Series D Distribution Amount may be paid in Series D PIK Units, with the remainder of the Series D Distribution Amount to be paid in cash.
More Definitions of Series D Distribution Amount
Series D Distribution Amount means, as adjusted pursuant to Section 19.3(c): (a) for the first eight Series D Distribution Periods, an amount per Series D Distribution Period equal to $0.619 per Series D Preferred Unit, provided that the Series D Initial Distribution made on the Series D Initial Distribution Date shall be prorated for the number of days, commencing (i) with respect to the Series D Preferred Initial Closing Units (as such term is defined in the Series D Purchase Agreement), on and including the Series D Initial Closing Date, and (ii) with respect to the Series D Second Closing Units, on and including the Second Funding Closing Date (as such term is defined in the Series D Purchase Agreement), in each case to, but excluding, the Series D Initial Distribution Date; (b) for the twelve Series D Distribution Periods beginning with the initial Series D Distribution Period following the eight Series D Distribution Periods referred to in clause (a) of this definition, an amount per Series D Distribution Period equal to $0.682 per Series D Preferred Unit; and (c) beginning with the initial Series D Distribution Period following the twelve Series D Distribution Periods referred to in clause (b) of this definition and continuing thereafter, (A) for all purposes other than Section 19.7(b)(B)(x), the greater of: (i) an amount per Series D Distribution Period equal to $0.872 per Series D Preferred Unit or (ii) the amount of the quarterly distribution that would be payable in respect of a Series D Preferred Unit in respect of the most recent completed Quarter if such Series D Preferred Unit had converted immediately prior to the Record Date with respect of which distributions are being paid on the Common Units for such Quarter into the number of Common Unit(s) into which such Series D Preferred Unit would be convertible at the then-applicable Series D Conversion Ratio (regardless of whether the Series D Preferred Units are then convertible) and (B) solely for purposes of Section 19.7(b)(B)(x), $0.872 per Series D Preferred Unit.