Common use of Change of Control Redemption Clause in Contracts

Change of Control Redemption. (a) If a Change of Control Event occurs prior to June 15, 2021, within 60 days of the occurrence of such Change of Control Event, the Partnership may, in the Managing Partner’s sole discretion, redeem the Series A Preferred Units, in whole but not in part, out of funds legally available therefor, at a redemption price equal to $25.25 per Series A Preferred Unit plus an amount equal to any declared and unpaid distributions to, but excluding, the redemption date.

Appears in 2 contracts

Samples: Limited Partnership Agreement (KKR & Co. L.P.), Limited Partnership Agreement (KKR & Co. L.P.)

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Change of Control Redemption. (a) If a Change of Control Event (as described in the prospectus supplement) occurs prior to June 15, 2021, the Units may be redeemed at the Partnership’s option, in whole but not in part, upon at least 30 days’ notice, within 60 days of the occurrence of such Change of Control Event, the Partnership may, in the Managing Partner’s sole discretion, redeem the Series A Preferred Units, in whole but not in part, out of funds legally available therefor, at a redemption price equal to of $25.25 per Series A Preferred Unit Unit, plus an amount equal to any declared and unpaid distributions to, but excluding, the redemption date, without payment of any undeclared distributions.

Appears in 1 contract

Samples: Underwriting Agreement (KKR & Co. L.P.)

Change of Control Redemption. (a) If a Change of Control Event (as described in the prospectus supplement) occurs prior to June September 15, 2021, the Units may be redeemed at the Partnership’s option, in whole but not in part, upon at least 30 days’ notice, within 60 days of the occurrence of such Change of Control Event, the Partnership may, in the Managing Partner’s sole discretion, redeem the Series A Preferred Units, in whole but not in part, out of funds legally available therefor, at a redemption price equal to of $25.25 per Series A Preferred Unit Unit, plus an amount equal to any declared and unpaid distributions to, but excluding, the redemption date, without payment of any undeclared distributions.

Appears in 1 contract

Samples: KKR & Co. L.P.

Change of Control Redemption. (a) If a Change of Control Event occurs prior to June September 15, 2021, within 60 days of the occurrence of such Change of Control Event, the Partnership may, in the Managing Partner’s sole discretion, redeem the Series A B Preferred Units, in whole but not in part, out of funds legally available therefor, at a redemption price equal to $25.25 per Series A B Preferred Unit plus an amount equal to any declared and unpaid distributions to, but excluding, the redemption date.

Appears in 1 contract

Samples: Limited Partnership Agreement (KKR & Co. L.P.)

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Change of Control Redemption. (a) If a Change of Control Event occurs prior to June 1530, 2021, within 60 days of the occurrence of such Change of Control Event, the Partnership may, in the Managing General Partner’s sole discretion, redeem the Series A Preferred Units, in whole but not in part, out of funds legally available therefor, at a redemption price equal to $25.25 per Series A Preferred Unit plus an amount equal to any declared and unpaid distributions to, but excluding, the redemption date.

Appears in 1 contract

Samples: Ares Management Lp

Change of Control Redemption. (a) If a Change of Control Event occurs prior to June 1530, 2021, within 60 days of the occurrence of such Change of Control Event, the Partnership Company may, in the Managing General Partner’s sole discretion, redeem the Series A Preferred UnitsShares, in whole but not in part, out of funds legally available therefor, at a redemption price equal to $25.25 per Series A Preferred Unit Share plus an amount equal to any declared and unpaid distributions to, but excluding, the redemption date.

Appears in 1 contract

Samples: Ares Management Lp

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