Series K Preferred Unit Distribution Payment Date definition

Series K Preferred Unit Distribution Payment Date shall have the meaning set forth in Section 19.3.A hereof.

Examples of Series K 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 K Preferred Units into Series K Preferred Shares, or (ii) a redemption of Series K Preferred Units, on the exchange date or redemption date, as applicable (each a "Series K 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 K Preferred Units will accumulate as of the Series K Preferred Unit Distribution Payment Date on which they first become payable.

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

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

• Distributions on the Series K Preferred Units will be made to the holders of record of the Series K Preferred Units on the relevant record dates to be fixed by the Partnership acting through the General Partner, which record dates shall in no event exceed fifteen (15) Business Days prior to the relevant Series K Preferred Unit Distribution Payment Date.

• If any Series K 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).

• Distributions on account of arrears for any past distribution periods may be declared and paid at any time, without reference to a regular Series K Preferred Unit Distribution Payment Date, to holders of record of the Series K Preferred Units on the record date fixed by the Partnership acting through the General Partner which date shall not exceed fifteen (15) Business Days prior to the payment date.