Preferred Unit Liquidation Preference definition

Preferred Unit Liquidation Preference means the Series A Liquidation Preference, Series B Liquidation Preference or Series E Liquidation Preference, as applicable.
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Preferred Unit Liquidation Preference means an amount per Preferred Unit [or Class B Preferred Unit] equal to $0.56.
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Preferred Unit Liquidation Preference means the Series A Liquidation Preference or the Series B Liquidation Preference, as applicable. “Preferred Unit Payments” means Series A Payments and/or Series B Payments, as applicable. “Preferred Units” means a Partnership Security, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to distributions over Common Units, including the Series A Preferred Units and the Series B Preferred Units. “Prior Agreement” means the Fourth Amended and Restated Agreement of Limited Partnership of the Partnership dated as of January 1, 2019. “Pro Rata” means (a) when modifying Units (other than Preferred Units) or any class or series thereof, apportioned equally among all designated Units (other than Preferred Units) in accordance with their relative Percentage Interests, (b) when modifying Partners or Record Holders, apportioned among all Partners or Record Holders in accordance with their relative Percentage Interests and (c) when modifying holders of Preferred Units (or a particular series thereof), apportioned equally among all holders of Preferred Units (or such series thereof) in accordance with the relative number or percentage of Preferred Units (or such series thereof), as applicable, held by such holder.
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Examples of Preferred Unit Liquidation Preference in a sentence

  • Subject to the rights of any applicable Senior Units, each Class A Convertible Preferred Unit shall be entitled to distributions at an annual rate of 2.0% of the Class A Convertible Preferred Unit Liquidation Preference Amount from the date of issuance of such Class A Convertible Preferred Unit (adjusted for any stock split, stock dividend or distribution, reclassification, reorganization, consolidation or similar change or event) (collectively, the “Class A Preferred Distributions”).

  • The Class C Preferred OP Units shall have a liquidation preference equal to the Preferred Unit Liquidation Preference and shall be entitled to the annual Cash Distribution, payable quarterly, and an additional annual PIK Distribution.

  • In the event that the Partnership elects to set apart the Series A Preferred Unit Liquidation Preference for payment, the Series A Preferred Units shall remain outstanding until the holders thereof are paid the full Series A Preferred Unit Liquidation Preference therefor, which payment shall be made no later than immediately prior to the Partnership making its final liquidating distribution on its Common Units.

  • In the event that the Series A Preferred Unit Redemption Premium would be payable on the date that the Series A Preferred Unit Liquidation Preference was set apart for payment but no Series A Preferred Unit Redemption Premium would be payable on the payment date, the Partnership may make a corresponding reduction to the funds set apart for payment of the Series A Preferred Unit Liquidation Preference.


More Definitions of Preferred Unit Liquidation Preference

Preferred Unit Liquidation Preference means the Series A Liquidation Preference or the Series B Liquidation Preference, as applicable. “Preferred Unit Payments” means Series A Payments and/or Series B Payments, as applicable.
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Preferred Unit Liquidation Preference means an amount equal to the unpaid Preferred Unit Distributions.
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Preferred Unit Liquidation Preference in Section 1.01 of the LLC Agreement is hereby amended and restated in its entirety as follows:
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Related to Preferred Unit Liquidation Preference

  • Series C Liquidation Preference means a liquidation preference for each Series C Preferred Unit initially equal to $25.00 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series C Preferred Units), which liquidation preference shall be subject to increase by the per Series C Preferred Unit amount of any accumulated and unpaid Series C Distributions (whether or not such distributions shall have been declared).

  • Series B Liquidation Preference means a liquidation preference for each Series B Preference Unit initially equal to $25.00 per unit, which liquidation preference shall be subject to (a) increase by the per Series B Preference Unit amount of any accumulated and unpaid distributions (whether or not such distributions shall have been declared) and (b) decrease upon a distribution in connection with a Liquidation Event described in Section 17.4 which does not result in payment in full of the liquidation preference of such Series B Preference Unit.

  • Series A Liquidation Preference means a liquidation preference for each Series A Preferred Unit initially equal to $1,000 per unit (subject to adjustment for any splits, combinations or similar adjustments to the Series A Preferred Units), which liquidation preference shall be subject to increase by the per Series A Preferred Unit amount of any accumulated and unpaid Series A Distributions (whether or not such distributions shall have been declared).

  • Liquidation Preference means, with respect to any Series, the amount specified as the liquidation preference per share for that Series in the Appendix for such Series.

  • Initial Liquidation Preference means one thousand dollars ($1,000.00) per share of Convertible Preferred Stock.