Examples of Series N Preferred Units in a sentence
Except as required by law, the General Partner, in its capacity as the holder of the Series N Preferred Units, shall not be entitled to vote at any meeting of the Partners or for any other purpose or otherwise to participate in any action taken by the Partnership or the Partners, or to receive notice of any meeting of the Partners.
The Series N Preferred Units are not redeemable prior to June 30, 2011.
The Series N Preferred Units have no stated maturity and will not be subject to any sinking fund or mandatory redemption provisions.
On or after June 30, 2011, the General Partner may, at its option, cause the Partnership to redeem at any time all or, from time to time, part of the Series N Preferred Units at a price per unit, payable in cash, of $250.00, together with all accrued and unpaid Distributions thereon, without interest, to and including the date fixed for redemption.
In addition, nothing herein shall be deemed to limit or otherwise restrict any rights or authority of the General Partner other than in its capacity as the holder of the Series N Preferred Units.
Particulars2018-192017-18Foreign Exchange earned (FOB)NILNILForeign Exchange used(on accrual basis) 26,215.5621,081.37(` in lakhs) PARTICULARS OF EMPLOYEES AND RELATED DISCLOSURESANNEXURE V A.
Distributions paid on the Series N Preferred Units in an amount less than the total amount of such Distributions at the time accrued and payable on such Series N Preferred Units shall be allocated pro rata on a per-unit basis among all such Series N Preferred Units at the time outstanding.
Series N Preferred Units shall be issued only to and held only by the General Partner.
The number of authorized units of the Series N Preferred Units shall be 440,000 and shall at all times be equal to the number of 7.25% Series N Cumulative Redeemable Preferred Shares (“Series N Preferred Shares”) issued by the General Partner and then outstanding.
At any time that the General Partner exercises its right to redeem all or any of the Series N Preferred Shares, the General Partner shall exercise its right to cause the Partnership to redeem an equal number of Series N Preferred Units.