Series Q Preferred Units definition
Examples of Series Q Preferred Units in a sentence
The maximum number of Series Q Preferred Units shall be 268,000 Series Q Preferred Units.
A series of Partnership Units, designated as Series Q Preferred Units, is hereby established.
Allocations of the Partnership’s items of income, gain, loss and deduction shall be allocated among holders of Series Q Preferred Units in accordance with Article VI of the Partnership Agreement.
Upon voluntary or involuntary liquidation, dissolution or winding-up of the Partnership, distributions on the Series Q Preferred Units shall be made in accordance with Article 13 of this Agreement.
However, multiple amplitudes can contribute to a given decay process and these am- plitudes can interfere either constructively or destruc- tively, depending on their relative phases.
No sinking fund shall be established for the retirement or redemption of Series Q Preferred Units.
Such notice shall state: (A) the redemption date; (B) the redemption price; (C) the number of Series Q Preferred Units to be redeemed; (D) the place or places where the Series Q Preferred Units are to be surrendered for payment of the redemption price; and (E) that distributions on the Series Q Preferred Units to be redeemed will cease to accumulate on such redemption date.
No interest, or sum of money in lieu of interest, shall be payable in respect of any distributions or payments on Series Q Preferred Units which may be in arrears.
Such distributions will be payable (A) quarterly in arrears, on the last calendar day of March, June, September and December of each year and (B) in the event of a redemption of Series Q Preferred Units, on the redemption date (each a “Series Q Preferred Unit Distribution Payment Date”), commencing on the first of such payment dates to occur following their original date of issuance.
The Series Q Preferred Units are not convertible or exchangeable into any other asset except as provided in the Partnership Agreement.