Common use of Limited Catch-Up Option Clause in Contracts

Limited Catch-Up Option. In the event that the Unit Percentages of the Limited Partners are adjusted pursuant to Section 4.6 as a result of one Limited Partner (the "Contributing Partner") making more Capital Contributions, in aggregate, than the other Limited Partner (the "Non-Contributing Partner"), the Non-Contributing Partner shall have a limited, one-time option (the "Option") to purchase a portion of the Contributing Partner's Units as provided in this Section. The Option shall be exercisable by the Non-Contributing Partner one time (but not more than one time) at any time prior to (but not after) the fifth (5th) anniversary of the initial effective date of this Agreement (the "Outside Date"). The Option may be exercised by the Non-Contributing Partner giving written notice of exercise to the Contributing Partner prior to the Outside Date. The purchase price of the Units purchasable pursuant to the Option shall be equal to the sum of (1) the Contributing Partner's Contribution Per Unit as of the date of exercise of the Option multiplied by the number of Units being purchased plus (ii)

Limited Catch-Up Option. In the event that the Unit Percentages of the Limited Partners are adjusted pursuant to Section 4.6 as a result of one Limited Partner (the "Contributing Partner") making more Capital Contributions, in aggregate, than the other Limited Partner (the "Non-Contributing Partner"), the Non-Contributing Partner shall have a limited, one-time option (the "Option") to purchase a portion of the Contributing Partner's Units as provided in this Section. The Option shall be exercisable by the Non-Contributing Partner one time (but not more than one time) at any time prior to (but not after) the fifth (5th) anniversary of the initial effective date of this Agreement (the "Outside Date"). The Option may be exercised by the Non-Contributing Partner giving written notice of exercise to the Contributing Partner prior to the Outside Date. The purchase price of the Units purchasable pursuant to the Option shall be equal to the sum of (1i) the Contributing Partner's Contribution Per Unit as of the date of exercise of the Option multiplied by the number of Units being purchased plus (ii)

Limited Catch-Up Option. In the event that the Unit Percentages of the Limited Partners are adjusted pursuant to Section SECTION 4.6 as a result of one Limited Partner (the "Contributing PartnerCONTRIBUTING PARTNER") making more Capital Contributions, in aggregate, than the other Limited Partner (the "NonNON-Contributing PartnerCONTRIBUTING PARTNER"), the Non-Contributing Partner shall have a limited, one-time option (the "OptionOPTION") to purchase a portion of the Contributing Partner's Units as provided in this Section. The Option shall be exercisable by the Non-Contributing Partner one time (but not more than one time) at any time prior to (but not after) the fifth (5th) anniversary of the initial effective date of this Agreement (the "Outside DateOUTSIDE DATE"). The Option may be exercised by the Non-Contributing Partner giving written notice of exercise to the Contributing Partner prior to the Outside Date. The purchase price of the Units purchasable pursuant to the Option shall be equal to the sum of (1i) the Contributing Partner's Contribution Per Unit as of the date of exercise of the Option multiplied by the number of Units being purchased plus (ii)