Common use of Payment of Distributions Clause in Contracts

Payment of Distributions. (i) Subject to the preferential rights of holders of any class or series of OP Units of the Partnership ranking senior to the Series H Preferred Units, the holders of Series H Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of the Partnership’s available cash, cumulative preferential cash distributions in an amount equal to the Series H Priority Return. (ii) All distributions shall be cumulative, shall accrue from the date of issuance, and will be payable quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence) in arrears on March 31, June 30, September 30 and December 31 of each year (each a “Series H Preferred Unit Distribution Payment Date”), and will be computed on the basis of a 365-day year. If any Series H 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). The distributions payable on any Series H Preferred Unit Distribution Payment Date shall include distributions accrued to but not including such Series H Preferred Unit Distribution Payment Date. Distributions payable on any Series H Preferred Units shall be pro-rated for the quarter in which the Series H Preferred Units are first issued.

Payment of Distributions. (i) Subject to the preferential rights of holders of any class or series of OP Units of the Partnership ranking senior to the Series H F Preferred Units, the holders of Series H F Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of the Partnership’s available cash, cumulative preferential cash distributions in an amount equal to the Series H F Priority Return. (ii) All distributions shall be cumulative, shall accrue from the date of issuance, and will be payable quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence) in arrears on March 31, June 30, September 30 and December 31 of each year (each a “Series H F Preferred Unit Distribution Payment Date”), and will be computed on the basis of a 365-day year. If any Series H F 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). The distributions payable on any Series H F Preferred Unit Distribution Payment Date shall include distributions accrued to but not including such Series H F Preferred Unit Distribution Payment Date. Distributions payable on any Series H F Preferred Units shall be pro-rated for the quarter in which the Series H F Preferred Units are first issued.

Payment of Distributions. (i) Subject to the preferential rights of holders of any class or series of OP Units of the Partnership ranking senior to the Series H K Preferred Units, the holders of Series H K Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of the Partnership’s available cash, cumulative preferential cash distributions in an amount equal to the Series H K Priority Return. (ii) All distributions shall be cumulative, shall accrue from the date of issuance, and will be payable quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence) in arrears on March 31, June 30, September 30 and December 31 of each year (each a “Series H K Preferred Unit Distribution Payment Date”), and will be computed on the basis of a 365-day year. If any Series H 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). The distributions payable on any Series H K Preferred Unit Distribution Payment Date shall include distributions accrued to but not including such Series H K Preferred Unit Distribution Payment Date. Distributions payable on any Series H K Preferred Units shall be pro-rated for the quarter in which the Series H K Preferred Units are first issued.

Payment of Distributions. (i) Subject to the preferential rights of holders of any class or series of OP Units of the Partnership ranking senior to the Series H L Preferred Units, the holders of Series H L Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of the Partnership’s available cash, cumulative preferential cash distributions in an amount equal to the Series H L Priority Return. (ii) All distributions shall be cumulative, shall accrue from the date of issuance, and will be payable quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence) in arrears on March 31, June 30, September 30 and December 31 of each year (each a “Series H L Preferred Unit Distribution Payment Date”), and will be computed on the basis of a 365-day year. If any Series H L 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). The distributions payable on any Series H L Preferred Unit Distribution Payment Date shall include distributions accrued to but not including such Series H L Preferred Unit Distribution Payment Date. Distributions payable on any Series H L Preferred Units shall be pro-rated for the quarter in which the Series H L Preferred Units are first issued.

Payment of Distributions. (i) Subject to the preferential rights of holders of any class or series of OP Units of the Partnership ranking senior to the Series H J Preferred Units, the holders of Series H J Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of the Partnership’s available cash, cumulative preferential cash distributions in an amount equal to the Series H J Priority Return. (ii) All distributions shall be cumulative, shall accrue from the date of issuance, and will be payable quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence) in arrears on March 31, June 30, September 30 and December 31 of each year (each a “Series H J Preferred Unit Distribution Payment Date”), and will be computed on the basis of a 365-day year. If any Series H J 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). The distributions payable on any Series H J Preferred Unit Distribution Payment Date shall include distributions accrued to but not including such Series H J Preferred Unit Distribution Payment Date. Distributions payable on any Series H J Preferred Units shall be pro-rated for the quarter in which the Series H J Preferred Units are first issued.

Payment of Distributions. (i) i. Subject to the preferential rights of holders of any class or series of OP Units of the Partnership ranking senior to the Series H E Preferred Units, the holders of Series H E Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of the Partnership’s available cash, cumulative preferential cash distributions in an amount equal to the Series H E Priority Return. (ii) . All distributions shall be cumulative, shall accrue from the date of issuance, and will be payable quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence) in arrears on March 31, June 30, September 30 and December 31 of each year (each a “Series H E Preferred Unit Distribution Payment Date”), and will be computed on the basis of a 365-day year. If any Series H E 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). The distributions payable on any Series H E Preferred Unit Distribution Payment Date shall include distributions accrued to but not including such Series H E Preferred Unit Distribution Payment Date. Distributions payable on any Series H E Preferred Units shall be pro-rated for the quarter in which the Series H E Preferred Units are first issued.

Payment of Distributions. (i) Subject to the preferential rights of holders of any class or series of OP Units of the Partnership ranking senior to the Series H G Preferred Units, the holders of Series H G Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of the Partnership’s available cash, cumulative preferential cash distributions in an amount equal to the Series H G Priority Return. (ii) All distributions shall be cumulative, shall accrue from the date of issuance, and will be payable quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence) in arrears on March 31, June 30, September 30 and December 31 of each year (each a “Series H G Preferred Unit Distribution Payment Date”), and will be computed on the basis of a 365-day year. If any Series H G 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). The distributions payable on any Series H G Preferred Unit Distribution Payment Date shall include distributions accrued to but not including such Series H G Preferred Unit Distribution Payment Date. Distributions payable on any Series H G Preferred Units shall be pro-rated for the quarter in which the Series H G Preferred Units are first issued.

Payment of Distributions. (i) Subject to the preferential rights of holders of any class or series of OP Units of the Partnership ranking senior to the Series H D Preferred Units, the holders of Series H D Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of the Partnership’s available cash, cumulative preferential cash distributions in an amount equal to the Series H D Priority Return. (ii) All distributions shall be cumulative, shall accrue from the date of issuance, and will be payable quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence) in arrears on March 31, June 30, September 30 and December 31 of each year (each a “Series H D Preferred Unit Distribution Payment Date”), and will be computed on the basis of a 365-day year. If any Series H D 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). The distributions payable on any Series H D Preferred Unit Distribution Payment Date shall include distributions accrued to but not including such Series H D Preferred Unit Distribution Payment Date. Distributions payable on any Series H Preferred Units shall be pro-rated for the quarter in which the Series H Preferred Units are first issued.

Payment of Distributions. (i) Subject to the preferential rights of holders of any class or series of OP Units of the Partnership ranking senior to the Series H I Preferred Units, the holders of Series H I Preferred Units will be entitled to receive, when, as and if declared by the Partnership acting through the General Partner, out of the Partnership’s available cash, cumulative preferential cash distributions in an amount equal to the Series H I Priority Return. (ii) All distributions shall be cumulative, shall accrue from the date of issuance, and will be payable quarterly (such quarterly periods for purposes of payment and accrual will be the quarterly periods ending on the dates specified in this sentence) in arrears on March 31, June 30, September 30 and December 31 of each year (each a “Series H I Preferred Unit Distribution Payment Date”), and will be computed on the basis of a 365-day year. If any Series H I 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). The distributions payable on any Series H I Preferred Unit Distribution Payment Date shall include distributions accrued to but not including such Series H I Preferred Unit Distribution Payment Date. Distributions payable on any Series H I Preferred Units shall be pro-rated for the quarter in which the Series H I Preferred Units are first issued.