Series M Preferred Partnership Units definition

Series M Preferred Partnership Units means the series of Preferred Partnership Units established pursuant to this Agreement, representing a fractional, undivided share of the Series M Preferred Partnership Interests of all Partners issued under this Agreement.
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Series M Preferred Partnership Units means the Series M Redeemable Preferred Units of the Partnership.
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Series M Preferred Partnership Units means the Series M Redeemable Preferred Units of the Partnership. “Series M1 Preferred Partnership Units” means the Series M1 Redeemable Preferred Units of the Partnership.
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Examples of Series M Preferred Partnership Units in a sentence

  • In connection with the redemption by the Company of any shares of Series M Preferred Stock for shares of REIT Common Shares in accordance with the provisions of the Series M Articles Supplementary, the Partnership shall convert Series M Preferred Partnership Units into Common Partnership Units and issue such Common Partnership Units to Braemar OP Limited Partner LLC.

  • Except for distributions in liquidation or redemption as provided in Sections D and E, respectively, holders of Series M Preferred Partnership Units will not be entitled to receive any distributions in excess of full cumulative Preferred Returns accrued on the Series M Preferred Partnership Units at the distribution rate specified in this paragraph.

  • The number of Common Partnership Units into which the Series M Preferred Partnership Units are convertible shall be equal to the number of REIT Common Shares into which the Series M Preferred Stock is then being converted, as set forth in the Series M Articles Supplementary.

  • The number of authorized Series M Preferred Partnership Units shall be 28,000,000.

  • The Series M Preferred Partnership Units shall be owned and held solely by Braemar OP Limited Partner LLC.

  • In connection with the conversion by the Company of any shares of Series M Preferred Stock into shares of REIT Common Shares in accordance with the provisions of the Series M Articles Supplementary, the Partnership shall convert Series M Preferred Partnership Units into Common Partnership Units and issue such Common Partnership Units to Braemar OP Limited Partner LLC.

  • Except as required by applicable law, the holder of the Series M Preferred Partnership Units, as such, shall have no voting rights.

  • A series of Preferred Partnership Units, designated as Series M Preferred Partnership Units, is hereby established.

  • The number of Common Partnership Units into which the Series M Preferred Partnership Units are convertible shall be equal to the number of REIT Common Shares into which the Series M Preferred Stock is then being redeemed, as set forth in the Series M Articles Supplementary.

  • From and after the applicable Change of Control Conversion Date (as such term is defined in the Series M Articles Supplementary), the Series M Preferred Partnership Units so converted shall no longer be outstanding and all rights hereunder, to distributions or otherwise, with respect to such Series M Preferred Partnership Units shall cease.