Examples of Series D Unit in a sentence
The Series D Preferred Units shall be issued by the Partnership pursuant to the terms and conditions of the Series D Unit Purchase Agreement.
Solely for purposes of the maintenance of Capital Accounts under Article IV and the administration of allocations under Article V of the Agreement, the Redemption Price per Series D Unit shall be treated as a Liquidation Preference.
Accordingly, the capital account associated with each Series D Unit at the time of its issuance shall be equal to zero dollars ($0.00).
In addition, certain of the Series D Units are exchangeable for OP Units at the option of the holder until the tenth anniversary of the date of issuance, with the number of OP Units to be issued equal to $25.00 per Series D Unit, divided by the value of a share of common stock as of the exchange date.The Series D Units have been issued at various times from 2014 to 2022.
Each Series D Unit that is issued and outstanding immediately prior to the Effective Time shall be canceled and extinguished and shall be converted automatically into and become a right to receive, subject to and in accordance with the procedures set forth in Section 2.7 and otherwise subject to Section 2.8 and Section 2.9, at the times specified herein, an amount equal to the Zephyr Services Series D Per Unit Merger Consideration, as set forth on the Net Merger Consideration Payment Schedule.
Subject to Section 5.1 above, the first distribution to be paid for each Series D Unit after its issuance (the "First Distribution Payment") shall equal the product of (i) the Preferential Distribution multiplied by (ii) a fraction, the numerator of which is the First Distribution Period (as defined below) and the denominator of which is the number of days in the calendar quarter to which such First Distribution Period corresponds.
The Board shall designate a “Threshold Value” applicable to each Unit in such additional series of Series D Units to the extent necessary to cause such Series D Unit to constitute a “profits interest” as provided in Section 3.2(g), but not less than zero.
The Series D Units shall be entitled to be voted together with the Common Units and not as a separate class or group on matters requiring a vote of partners based on one vote per Series D Unit.
The Series D Units shall be entitled to be voted together with the Common Units and not as a separate class or group on matters requiring a vote of partners based on one vote per Series D Unit; provided, however, that any amendment of the Agreement that would materially and adversely affect the distribution, liquidation or conversion rights and preferences of the Series D Units shall require the approval of holders of at least a majority of the outstanding Series D Units.
Common Unit shall be entitled to one vote per Unit, each Series A Unit shall be entitled to 10 votes per Unit, each Series B Unit shall be entitled to 10 votes per Unit, each Series C Unit shall be entitled to 10 votes per Unit, each Series D Unit shall be entitled to 10 votes per Unit, and each Series E Unit shall be entitled to 10 votes per Unit.