Grant of Redemption Rights. (a) Upon the terms and subject to the conditions contained herein, the Partnership does hereby grant to each Contributing Party, and such Contributing Party does hereby accept, the right, but without obligation on the part of such Contributing Party, to require the Partnership to redeem from time to time part or all of the Common Units of such Contributing Party for the Cash Purchase Price with respect to such Common Units ("Redemption Rights").
Grant of Redemption Rights. (a) Upon the terms and subject to the conditions contained herein, the Partnership does hereby grant to Contributing Partner, and Contributing Partner does hereby accept, the right, but without obligation on the part of Contributing Partner, to require the Partnership to redeem from time to time part or all of the Units of Contributing Partner for the Cash Purchase Price ("Redemption Rights").
Grant of Redemption Rights. Beginning four years from the date of this Agreement, each Class A Limited Partner shall have the right, but not the obligation (hereinafter such right sometimes referred to as the “Redemption Rights”), to require the Partnership to redeem on the Redemption Date, all or any portion of the Units held by such Limited Partner (as a Class A Limited Partner) at a redemption price equal to the Cash Purchase Price. The Redemption Rights of a Limited Partner may be exercised on one or more occasions by the Limited Partner. The Redemption Rights shall be exercised pursuant to a written notice (the “Redemption Exercise Notice”) in the form set forth in Schedule 1 attached hereto. The Redemption Exercise Notice shall be given by the Partner who is exercising the Redemption Rights (“Exercising Partner”) to the General Partner. A Limited Partner may not exercise the Redemption Rights as to fewer Partnership Units than the number of such Partnership Units that is equal to the lesser of (a) Partnership Units or (b) all of the Units held by such Class A Limited Partner (as a Class A Limited Partner). Neither the Electing Partner nor any assignee of any Limited Partner shall have any right with respect to any Partnership Units so redeemed to receive any distributions from the Partnership made after the Redemption Date. The assignee of any Limited Partner may exercise the rights of such Limited Partner pursuant to this Section 2, and such Limited Partner shall be deemed to have assigned such rights to such assignee and shall be bound by the exercise of such rights by such Limited Partner’s assignee. In connection with any exercise of such rights by such assignee on behalf of such Limited Partner, the Cash Purchase Price shall be paid by the Partnership directly to such assignee and not to such Limited Partner.
Grant of Redemption Rights. Upon the terms and subject to the conditions contained herein, the Company does hereby grant to the Lateral Parties, and the Lateral Parties do hereby accept, the right, but without obligation on the part of the Lateral Parties, to require the Company to redeem from time to time, out of funds legally available therefor, all or any part of the Redeemable Shares for the Redemption Price (“Redemption Rights”). The Lateral Parties agree that they will not exercise their Redemption Rights pursuant to this Section 2 if the exercise of such Redemption Rights would, in the good faith opinion of the Company’s accountants, prevent the Company from continuing as a going concern.
Grant of Redemption Rights. (a) Upon the terms and subject to the conditions contained herein, the Partnership does hereby grant to the Contributing Party, and the Contributing Party does hereby accept, the right, but without obligation on the part of the Contributing Party, to require the Partnership to redeem from time to time (i) part or all of the Subject Series K Preferred Units of the Contributing Party for the Cash Purchase Price with respect to such Subject Series K Preferred Units and (ii) part or all of the Subject Common Units of the Contributing Party for a per unit amount equal to $0.324405869 multiplied by the Common Unit Conversion Factor (such per unit amount multiplied by the number of Subject Common Units to be redeemed or purchased in accordance with this Agreement, the “Common Unit Purchase Price” and the redemption rights set forth in clauses (i) and (ii) of this paragraph, the “Redemption Rights”). Notwithstanding the foregoing, with respect to each exercise of Redemption Rights, a proportionate number of Subject Series K Preferred Units and Subject Common Units must be submitted for redemption such that (x) the quotient of: the number of Subject Series K Preferred Units then submitted for redemption divided by the total number of Subject Series K Preferred Units that have been issued to date as a result of the conversion of Series E Preferred Units of the Contributing Party is equal to (y) the quotient of: the number of Subject Common Units then submitted for redemption divided by the total number of Subject Common Units that have been issued to date as a result of the conversion of Series E Preferred Units of the Contributing Party.
Grant of Redemption Rights. The Fund will have the right (the "Redemption Right") to require LXP, or its designee(s), to acquire all or a portion of their Percentage Interests in the Company for either, at LXP's sole option, (i) a number of Shares equal to the Share Purchase Price or (ii) a cash amount equal to the Cash Purchase Price, both in accordance with the Redemption Rights Schedule attached hereto as Schedule 5 and made a part hereof. Any Shares issued pursuant to this Section 11.2 will not be registered under any federal or state securities laws but shall be subject to the terms of the registration rights agreement attached hereto as Schedule 7 and made a part hereof to be entered into by LXP and the Fund at the time of issuance of such Shares. Notwithstanding anything in this Agreement to the contrary, in the event the shareholders of LXP are required by law, regulation or otherwise to approve the issuance of Shares to the Fund and do not approve the issuance of Shares to the Fund as provided in this Agreement, which failure to approve prevents the Fund from being able to receive the Share Purchase Price upon exercise of the Redemption Right, LXP shall satisfy the Fund's Redemption Right by paying the Cash Purchase Price to the Fund pursuant to Section 11.2(c) below.
Grant of Redemption Rights. (a) Each Class A Limited Partner shall have the right, but not the obligation (such rights hereinafter sometimes referred to as the “Redemption Rights”), to redeem all or a portion of the Partnership Units held by such Limited Partner (as a Class A Limited Partner) to the Partnership (or its designee) at any time or from time to time prior to the time the Partnership is dissolved, on the terms and subject to the conditions and restrictions contained in Exhibit D hereto. The Redemption Rights granted hereunder may be exercised by any one or more of such Limited Partners, on the terms and subject and to the conditions and restrictions contained in Exhibit D hereto, upon delivery to the General Partner of an Exercise Notice in the form of Schedule 1 attached to Exhibit D, which notice shall specify the Partnership Units to be redeemed by such Limited Partner. Once delivered, the Redemption Exercise Notice shall be irrevocable, subject to payment by the Partnership of the Purchase Price in respect of such Partnership Units in accordance with the terms hereof.
Grant of Redemption Rights. Section 7.5 Warranties and Representations of the Limited Partners Section 7.6 Indemnification by Limited Partners Section 7.7 Limited Partner Guarantees Section 7.8 No Sale of Property ARTICLE VIII
Grant of Redemption Rights. The Fund Partners, acting together, will have the right (the "REDEMPTION RIGHT") to require LXP, or its designee(s), to acquire all or a portion of their Percentage Interests in the Partnership for either, at LXP's sole option, (i) a number of Shares equal to the Share Purchase Price or (ii) a cash amount equal to the Cash Purchase Price, both in accordance with the Redemption Rights Schedule attached hereto as Schedule 5 and made a part hereof. Any Shares issued pursuant to this Section 11.2 will not be registered under any federal or state securities laws but shall be subject to the terms of the \ registration rights agreement attached hereto as Schedule 7 and made a part hereof to be entered into by LXP and the Fund Partners at the time of issuance of such Shares. Notwithstanding anything in this Agreement to the contrary, in the event the shareholders of LXP are required by law, regulation or otherwise to approve the issuance of Shares to the Fund Partners and do not approve the issuance of Shares to the Fund Partners as provided in this Agreement, which failure to approve prevents the Fund Partners from being able to receive the Share Purchase Price upon exercise of the Redemption Right, LXP shall satisfy the Fund Partners' Redemption Right by paying the Cash Purchase Price to the Fund Partners pursuant to Section 11.2(c) below.
Grant of Redemption Rights. 45 15.2. General Partner Exchange...................................... 46 15.3.
