Series J Preferred Unit Distribution Payment Date definition

Series J Preferred Unit Distribution Payment Date shall have the meaning set forth in Section 18.3.A hereof.

Series J Preferred Unit Distribution Payment Date commencing on the first of such payment dates to occur following their original date of issuance. If any date on which distributions are to be made on the Series J Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date. Distributions on the Series J Preferred Units will be made to the holders of record of the Series J Preferred Units on the relevant record dates, which will be fifteen (15) days prior to the relevant Preferred Unit Distribution Payment Date (the “Series J Preferred Unit Partnership Record Date”).

Series J Preferred Unit Distribution Payment Date. If any date on which distributions are to be made on the Series J Preferred Units is not a Business Day, then payment of the distribution to be made on such date will be made, at the General Partner’s option, on either the immediately preceding business day or next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day is in the next succeeding calendar year, such payment shall be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date.

Examples of Series J Preferred Unit Distribution Payment Date in a sentence

• Such distributions will be payable (A) quarterly in arrears, on the 15th day of January, April, July and October of each year and (B) in the event of (i) an exchange of Series J Preferred Units into Series J Preferred Shares, or (ii) a redemption of Series J Preferred Units, on the exchange date or redemption date, as applicable (each a "Series J Preferred Unit Distribution Payment Date"), commencing on the first of such payment dates to occur following their original date of issuance.

• Accrued but unpaid distributions on the Series J Preferred Units will accumulate as of the Series J Preferred Unit Distribution Payment Date on which they first become payable.

• The distributions payable on any Series J Preferred Unit Distribution Payment Date shall include distributions accrued to but not including such Series J Preferred Unit Distribution Payment Date.

• Accrued but unpaid distributions on the Series J Preferred Units will accumulate as of the Series J Preferred Unit Distribution Payment Date on which they first become payable or on the date of redemption as the case may be.

• If any Series J Preferred Unit Distribution Payment Date is not a Business Day, then payment of the distribution to be made on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay).

• Such distributions will be payable (A) quarterly in arrears, on the 15th day of January, April, July and October of each year 89 97 and (B) in the event of (i) an exchange of Series J Preferred Units into Series J Preferred Shares, or (ii) a redemption of Series J Preferred Units, on the exchange date or redemption date, as applicable (each a "Series J Preferred Unit Distribution Payment Date"), commencing on the first of such payment dates to occur following their original date of issuance.

• Distribution period shall mean the period from and including the date of original issuance and ending on but excluding the next Series J Preferred Unit Distribution Payment Date, and each subsequent period from and including such Series J Preferred Unit Distribution Payment Date and ending on but excluding the next following Series J Preferred Unit Distribution Payment Date.