Series D Distribution Period definition

Series D Distribution Period means a period of time from and including the preceding Series D Distribution Payment Date (other than the initial Series D Distribution Period, which shall commence on and include the Series D Initial Closing Date), to but excluding the next Series D Distribution Payment Date for such Series D Distribution Period.

Series D Distribution Period means a period of time from and including the preceding Series D Distribution Payment Date (other than the initial Series D Distribution Period, which shall commence on and include the Series D Original Issue Date), to, but excluding, the next Series D Distribution Payment Date for such Series D Distribution Period.

Series D Distribution Period means monthly distribution periods commencing on the first day of each month and ending on and including the day preceding the first day of the next succeeding Series D Distribution Period. “Series D Junior Units” means Common Units and any class or series of Partnership Units hereafter issued and outstanding that are not Series D Senior Units, Series D Preferred Units or Series D Parity Units. “Series D Liquidation Amount” means the greater of (a) the aggregate Series D Liquidation Preference plus the aggregate Series D Redemption Premium or (b) an amount per Series D Preferred Unit equal to the amount which would have been payable to a Series D Preferred Unit holder had each Series D Preferred Unit been converted into OP Units immediately prior to such Liquidation. “Series D Liquidation Preference” means thirteen dollars and fifty-nine cents ($13.59) per Series D Preferred Unit. “Series D Parity Units” means the Series C Preferred Units, Series F Preferred Units and any class or series of Partnership Units hereafter issued and outstanding, whether or not the distribution rates thereof shall be different from those of the Series D Preferred Units, if the holders of such class or series and the Series D Preferred Units shall be entitled to (i) the receipt of distributions in proportion to their respective amounts of accrued and unpaid distributions per unit and (ii) amounts distributable upon Liquidation in proportion to their respective liquidation preferences, in each case without preference or priority one over the other. “Series D Preferred Return” means, for each Series D Preferred Unit, a cumulative, non-compounded rate per annum equal to 5.81% of the Series D Liquidation Preference; provided, that the amount payable for any Series D Distribution Period shall be computed by dividing the Series D Preferred Return by twelve, and the amount of distributions payable for any period shorter or longer than a full Series D Distribution Period shall be computed on the basis of twelve 30-day months and a 360-day year. “Series D Preferred Stock” means the Series D Cumulative Convertible Preferred Stock, par value $.01 per share, of the General Partner.

Examples of Series D Distribution Period in a sentence

• The guaranteed payment with respect to any Series D Distribution Period shall be for the account of the holders of Series D Preferred Units as of the applicable Series D Distribution Record Date.

• Series D Distributions shall accumulate in each Series D Distribution Period from and including the preceding Series D Distribution Payment Date (other than the initial Series D Distribution Period, which shall commence on and include the Series D Original Issue Date), to, but excluding, the next Series D Distribution Payment Date for such Series D Distribution Period; provided that distributions shall accrue on accumulated but unpaid Series D Distributions at the Series D Distribution Rate.

• Accumulated Series D Distributions in Arrears for any past Series D Distribution Period may be declared by the General Partner and paid on any date fixed by the General Partner, whether or not a Series D Distribution Payment Date, to Series D Holders on the Record Date for such payment, which may not be less than 10 days before such payment date.

• The Series D Distribution Rate for each Series D Distribution Period in the Series D Floating Rate Period will be determined by the Calculation Agent using Three-Month LIBOR as in effect on the Distribution Determination Date for such Series D Distribution Period.

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• 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.

• Series D Distributions shall accumulate in each Series D Distribution Period from and including the preceding Series D Distribution Payment Date (other than the initial Series D Distribution Period, which shall commence on and include [ ● ], 2021), to, but excluding, the next Series D Distribution Payment Date for such Series D Distribution Period; provided that distributions shall accrue on accumulated but unpaid Series D Distributions at the Series D Distribution Rate.

• Any distribution payable on the Series D Preferred Units, including distributions payable for any partial Series D Distribution Period (as hereinafter defined), will be computed on the basis of a 360-day year consisting of twelve 30-day months.

• The amount of any distribution payable on the Series D Preferred Units for any partial Series D Distribution Period and for the initial Series D Distribution Period shall be prorated and computed on the basis of a 360-day year consisting of twelve 30-day months.

More Definitions of Series D Distribution Period

Series D Distribution Period means monthly distribution periods commencing on the first day of each month and ending on and including the day preceding the first day of the next succeeding Series D Distribution Period.