Preferred Partnership Interest

Preferred Partnership Interest. Shall mean an ownership interest in the Partnership evidenced by a designated series of Preferred Units, having a preference in payment of distributions or on liquidation as determined by the General Partner for such series of Preferred Units and as set forth in an amendment to this Agreement, and includes all benefits to which the holder of such an ownership interest may be entitled as provided in this Agreement or the Act, together with all obligations of such Person to comply with the terms... and provisions of this Agreement and the Act. View More