Preferred Units definition

Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.02 of the Partnership Agreement.
Preferred Units means the Series A Preferred Units and the Series B Preferred Units.
Preferred Units means a Partnership Security, designated as a “Preferred Unit,” which entitles the holder thereof to a preference with respect to the payment of nonliquidating distributions over Common Units, including the Series A Preferred Units and the Series B Preferred Units.

Examples of Preferred Units in a sentence

  • Other terms Other terms (including governance, registration rights (which shall be updated to reflect current market provisions as may be mutually agreed), standstill, and transfer restrictions, among others) to be substantially consistent with the terms applicable to the Preferred Units previously issued to ▇▇▇▇▇▇▇▇ or as described in the Transaction Agreement and the form Ancillary Agreements and term sheets attached thereto.

  • Right of First Offer Cabot will not transfer the Preferred Units without first notifying Columbus and offering to sell the Preferred Units to Columbus (and if Columbus accepts such offer, Cabot will sell the Preferred Units to Columbus at the agreed price).

  • Consistent with structure of Preferred Units previously issued to ▇▇▇▇▇▇▇▇, updated for customary fundamental change-related language.

  • Consistent with terms of Preferred Units previously issued to ▇▇▇▇▇▇▇▇.

  • Notwithstanding anything herein to the contrary, following the conversion and/or exchange or repurchase, directly or indirectly, by the Corporation of all Charter Holdings Class C Common Units and Charter Holdings Preferred Units held by the ▇▇▇ Parties, the Class C Common Stock shall automatically be cancelled and shall cease to be authorized hereunder.


More Definitions of Preferred Units

Preferred Units has the meaning set forth in Section 3.04(a)(ii) hereof.
Preferred Units has the meaning set forth in the LLC Agreement.
Preferred Units means a Class of Units, in one or more series, designated as “Preferred Units,” which entitles the holder thereof to a preference with respect to the payment of distributions over the Class A Units and any other Junior Units then outstanding as set forth herein.
Preferred Units has the meaning set forth in the Recitals.
Preferred Units means any class or series of Partnership Interests that, with respect to distributions on such Partnership Interests of cash or property and distributions upon liquidation of the Partnership (taking into account the intended effects of the allocation of gains and losses as provided in this Agreement), ranks senior to the Common Units, including the Class A Preferred Units and the Class B Preferred Units.
Preferred Units means the preferred limited partnership units in the capital of BEP.
Preferred Units means the Units having the rights and obligations specified with respect to Preferred Units in this Agreement.
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