Examples of Series J Preferred Units in a sentence
Notwithstanding the foregoing, distributions with respect to the Series J Preferred Units shall accumulate whether or not any of the foregoing restrictions exist, whether or not there is sufficient Available Cash for the payment thereof and whether or not such distributions are authorized.
Each holder of Series J Preferred Units that has delivered a Series J Exchange Notice to the General Partner may rescind such Series J Exchange Notice by delivering written notice of such rescission to the General Partner prior to the Series J Exchange Date specified in the applicable Series J Exchange Notice.
I do notwant to dwell on this contention any longer - save to repeat the earlier finding that I have already made.
Subject to certain limitations, the holders of Series J Preferred Units will have the right to cause SCOLP to redeem all or a portion of their Series J Preferred Units for $100.00 per unit (plus any accrued but unpaid distributions) (i) during the 30-day period following a change of control of the Company, or (ii) any time after the fifth anniversary of the issuance date of the Series J Preferred Units.
The Partnership will pay the Series J Redemption Price to such holder of Series J Preferred Units upon surrender of the Series J Preferred Units by such holder of Series J Preferred Units at the place designated by the Partnership.