Common use of Cash Redemption Clause in Contracts

Cash Redemption. Limited Partners whose Units are redeemed will be entitled to receive a redemption price per Unit (hereinafter the “Redemption Price”) determined on the basis set out in the relevant Offering Memorandum and Schedule “B”. The General Partner may reduce the Redemption Price by any Redemption Discount that may apply if the Units being redeemed are within the early redemption period specific to the Units being redeemed. The Redemption Discount and early redemption period will be as set out in the relevant Offering Memorandum and Schedule “B” hereto. This Redemption Discount may be increased, decreased, amended or waived at any time and from time to time at the discretion of the General Partner.