Common use of Priority as to Distributions Clause in Contracts

Priority as to Distributions. (i) Except to the extent set forth in Section 16.2.C(ii), so long as any Series A Preferred Units are outstanding, no distribution of cash or other property shall be authorized, declared, paid or set apart for payment on or with respect to any class or series of Partnership Interest of the Partnership ranking, as to distributions or

Appears in 2 contracts

Sources: Limited Partnership Agreement (Amb Property Corp), Limited Partnership Agreement (Amb Property Lp)