{"component": "clause", "props": {"groups": [{"snippet": "The following provisions set forth the procedures for redemption:\n(1) Notice of redemption will be given by the General Partner to the Partnership concurrently with the notice of the General Partner sent to the holders of its REIT Series F Preferred Shares in connection with such redemption. Such notice shall state: (A) the redemption date; (B) the redemption price; (C) the number of Series F Preferred Units to be redeemed; (D) the place or places where the Series F Preferred Units are to be surrendered for payment of the redemption price; (E) that distributions on the Series F Preferred Units to be redeemed will cease to accumulate on such redemption date. If less than all of the Series F Preferred Units are to be redeemed, the notice shall also specify the number of Series F Preferred Units to be redeemed.\n(2) On or after the redemption date, the General Partner shall present and surrender the certificates, if any, representing the Series F Preferred Units to the Partnership at the place designated in the notice of redemption and thereupon the redemption price of such Units (including all accumulated and unpaid distributions up to but excluding the redemption date) shall be paid to the General Partner and each surrendered Unit certificate, if any, shall be canceled. If fewer than all the Units represented by any such certificate representing Series F Preferred Units are to be redeemed, a new certificate shall be issued representing the unredeemed Units.\n(3) From and after the redemption date (unless the Partnership defaults in payment of the redemption price), all distributions on the Series F Preferred Units designated for redemption in such notice shall cease to accumulate and all rights of the General Partner, except the right to receive the redemption price thereof (including all accumulated and unpaid distributions up to but excluding the redemption date), shall cease and terminate, and such Series F Preferred Units shall not be deemed to be outstanding for any purpose whatsoever. At its election, the Partnership, prior to a redemption date, may irrevocably deposit the redemption price (including accumulated and unpaid distributions to but not including the redemption date) of the Series F Preferred Units so called for redemption in trust for the General Partner with a bank or trust company, in which case the redemption notice to the General Partner shall (A) state the date of such deposit, (B) specify the office of such bank or trust company as the place of payment of the redemption price and (C) require the General Partner to surrender the certificates, if any, representing such Series F Preferred Units at such place on or about the date fixed in such redemption notice (which may not be later than the redemption date) against payment of the redemption price (including all accumulated and unpaid distributions to the redemption date). Any monies so deposited which remain unclaimed by the General Partner at the end of two years after the redemption date shall be returned by such bank or trust company to the Partnership.", "snippet_links": [{"key": "the-procedures", "type": "definition", "offset": [35, 49]}, {"key": "notice-of-redemption", "type": "definition", "offset": [70, 90]}, {"key": "will-be-given", "type": "clause", "offset": [91, 104]}, {"key": "by-the-general-partner", "type": "clause", "offset": [105, 127]}, {"key": "to-the-partnership", "type": "clause", "offset": [128, 146]}, {"key": "notice-of-the", "type": "clause", "offset": [169, 182]}, {"key": "holders-of", "type": "clause", "offset": [211, 221]}, {"key": "series-f-preferred-shares", "type": "definition", "offset": [231, 256]}, {"key": "in-connection-with", "type": "clause", "offset": [257, 275]}, {"key": "redemption-date", "type": "definition", "offset": [326, 341]}, {"key": "series-f-preferred-units", "type": "clause", "offset": [387, 411]}, {"key": "the-series", "type": "clause", "offset": [458, 468]}, {"key": "payment-of-the-redemption-price", "type": "clause", "offset": [513, 544]}, {"key": "distributions-on-the", "type": "clause", "offset": [555, 575]}, {"key": "the-certificates", "type": "definition", "offset": [905, 921]}, {"key": "unpaid-distributions", "type": "definition", "offset": [1124, 1144]}, {"key": "but-excluding", "type": "clause", "offset": [1151, 1164]}, {"key": "unit-certificate", "type": "clause", "offset": [1244, 1260]}, {"key": "the-units", "type": "clause", "offset": [1307, 1316]}, {"key": "represented-by", "type": "definition", "offset": [1317, 1331]}, {"key": "new-certificate", "type": "definition", "offset": [1413, 1428]}, {"key": "defaults-in-payment", "type": "clause", "offset": [1543, 1562]}, {"key": "rights-of-the-general-partner", "type": "clause", "offset": [1714, 1743]}, {"key": "right-to-receive", "type": "clause", "offset": [1756, 1772]}, {"key": "prior-to-a", "type": "clause", "offset": [2057, 2067]}, {"key": "distributions-to", "type": "clause", "offset": [2164, 2180]}, {"key": "in-trust-for", "type": "definition", "offset": [2277, 2289]}, {"key": "bank-or-trust-company", "type": "definition", "offset": [2317, 2338]}, {"key": "notice-to-the", "type": "clause", "offset": [2369, 2382]}, {"key": "date-of", "type": "clause", "offset": [2419, 2426]}, {"key": "the-office", "type": "clause", "offset": [2453, 2463]}, {"key": "place-of-payment", "type": "definition", "offset": [2501, 2517]}, {"key": "require-the", "type": "clause", "offset": [2550, 2561]}, {"key": "against-payment", "type": "definition", "offset": [2777, 2792]}, {"key": "at-the-end-of", "type": "clause", "offset": [2964, 2977]}, {"key": "two-years", "type": "clause", "offset": [2978, 2987]}], "samples": [{"hash": "6QOoxPzkYXT", "uri": "/contracts/6QOoxPzkYXT#procedures-for-redemption", "label": "Limited Partnership Agreement (Digital Realty Trust, L.P.)", "score": 25.3586578369, "published": true}, {"hash": "fcVYKEXsKp6", "uri": "/contracts/fcVYKEXsKp6#procedures-for-redemption", "label": "Limited Partnership Agreement (Digital Realty Trust, L.P.)", "score": 25.2299785614, "published": true}, {"hash": "jRCG7MHArZk", "uri": "/contracts/jRCG7MHArZk#procedures-for-redemption", "label": "Limited Partnership Agreement (Digital Realty Trust, L.P.)", "score": 25.1670093536, "published": true}], "size": 286, "hash": "fe3564162cebfd2be30864908c26e820", "id": 1}, {"snippet": "(A) Notice of redemption will be (x) faxed and (y) mailed by the Series B-1 Preferred Partner, by certified mail, postage prepaid, to the Partnership so that notice is received by the Partnership within the periods set forth herein and in accordance with the provisions hereof. Any such notice shall be irrevocable.\n(B) By 12:00 noon, New York City time, on the redemption date, the Partnership will deposit irrevocably in trust with Boston Equiserve, its transfer agent (or any successor entity, provided such entity is a third party, unrelated to the Company and the Partnership) for the benefit of the Series B-1 Preferred Partner funds sufficient to pay the Series B-1 Redemption Price and will give irrevocable instructions to such transfer agent and authority to pay such Series B-1 Redemption Price to the Series B-1 Preferred Partner upon surrender of the Series B-1 Preferred Units by the Series B-1 Preferred Partner at the place designated by the Partnership. On and after the date of redemption, distributions will cease to accumulate on the Series B-1 Preferred Units, unless the Partnership defaults in the payment of the Series B-1 Redemption Price. If any date fixed for redemption of Series B-1 Preferred Units is not a Business Day, then payment of the Series B-1 Redemption Price payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) except that, if such Business Day falls in the next calendar year, such payment will be made on the immediately preceding Business Day, in each case with the same force and effect as if made on such date fixed for redemption. If payment of the Series B-1 Redemption Price is improperly withheld or refused and not paid by the Partnership, distributions on such Series B-1 Preferred Units will continue to accumulate from the original redemption date to the date of payment, in which case the actual payment date will be considered the date fixed for redemption for purposes of calculating the Series B-1 Redemption Price.", "snippet_links": [{"key": "notice-of-redemption", "type": "definition", "offset": [4, 24]}, {"key": "preferred-partner", "type": "clause", "offset": [76, 93]}, {"key": "certified-mail", "type": "definition", "offset": [98, 112]}, {"key": "to-the-partnership", "type": "clause", "offset": [131, 149]}, {"key": "by-the-partnership", "type": "clause", "offset": [177, 195]}, {"key": "in-accordance-with", "type": "definition", "offset": [236, 254]}, {"key": "the-provisions", "type": "clause", "offset": [255, 269]}, {"key": "new-york-city-time", "type": "definition", "offset": [335, 353]}, {"key": "redemption-date", "type": "definition", "offset": [362, 377]}, {"key": "in-trust", "type": "definition", "offset": [420, 428]}, {"key": "transfer-agent", "type": "clause", "offset": [456, 470]}, {"key": "successor-entity", "type": "clause", "offset": [479, 495]}, {"key": "a-third-party", "type": "clause", "offset": [521, 534]}, {"key": "the-company-and-the", "type": "clause", "offset": [549, 568]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [582, 600]}, {"key": "redemption-price", "type": "definition", "offset": [673, 689]}, {"key": "instructions-to", "type": "definition", "offset": [716, 731]}, {"key": "authority-to-pay", "type": "clause", "offset": [756, 772]}, {"key": "preferred-units", "type": "clause", "offset": [875, 890]}, {"key": "date-of-redemption", "type": "definition", "offset": [988, 1006]}, {"key": "payment-of-the", "type": "clause", "offset": [1121, 1135]}, {"key": "redemption-of-series", "type": "clause", "offset": [1187, 1207]}, {"key": "not-a-business-day", "type": "clause", "offset": [1231, 1249]}, {"key": "price-payable", "type": "clause", "offset": [1293, 1306]}, {"key": "other-payment", "type": "definition", "offset": [1412, 1425]}, {"key": "in-respect-of", "type": "definition", "offset": [1426, 1439]}, {"key": "calendar-year", "type": "definition", "offset": [1508, 1521]}, {"key": "each-case", "type": "definition", "offset": [1595, 1604]}, {"key": "force-and-effect", "type": "clause", "offset": [1619, 1635]}, {"key": "the-original", "type": "definition", "offset": [1877, 1889]}, {"key": "date-of-payment", "type": "definition", "offset": [1913, 1928]}, {"key": "actual-payment-date", "type": "definition", "offset": [1948, 1967]}, {"key": "for-purposes-of", "type": "clause", "offset": [2017, 2032]}, {"key": "calculating-the", "type": "clause", "offset": [2033, 2048]}], "samples": [{"hash": "fK0NqCZ2Kbg", "uri": "/contracts/fK0NqCZ2Kbg#procedures-for-redemption", "label": "Limited Partnership Agreement (Sun Communities Inc)", "score": 18.0, "published": true}, {"hash": "9WkfplP6ESx", "uri": "/contracts/9WkfplP6ESx#procedures-for-redemption", "label": "Limited Partnership Agreement (Sun Communities Inc)", "score": 18.0, "published": true}, {"hash": "3Fcg2cETwyP", "uri": "/contracts/3Fcg2cETwyP#procedures-for-redemption", "label": "Limited Partnership Agreement (Sun Communities Inc)", "score": 18.0, "published": true}], "size": 15, "hash": "05ea3aceb8c3b218d38df61a3644ea2d", "id": 5}, {"snippet": "(i) If the Fund shall determine or be required to redeem, in whole or in part, RVMTP Shares of a Series pursuant to Section 2.6(a), (b) or (c), the Fund shall deliver a notice of redemption (the \u201cNotice of Redemption\u201d), by overnight delivery, by first class mail, postage prepaid or by Electronic Means to Holders thereof, or request the Calculation and Paying Agent, on behalf of the Fund, to promptly do so by overnight delivery, by first class mail, postage prepaid or by Electronic Means. For the avoidance of doubt, a Notice of Redemption shall not be required if the Fund shall be required to redeem, in whole or in part, RVMTP Shares of a series pursuant to Section 2.6(a)(iv). A Notice of Redemption shall be provided not more than thirty-five (35) calendar days prior to the date fixed for redemption and not less than ten (10) calendar days (or such shorter or longer period as may be consented to by all of the Holders of the RVMTP Shares of such Series, which consent shall not be deemed to be a vote required by Section 2.7) prior to the date fixed for redemption pursuant to Section 2.6(c) in such Notice of Redemption (the \u201cRedemption Date\u201d). Each such Notice of Redemption shall state: (A) the Redemption Date; (B) the applicable Redemption Price on a per share basis; (C) the Series and number of RVMTP Shares to be redeemed; (D) the CUSIP number for RVMTP Shares of such Series; (E) if applicable, the place or places where the certificate(s) for such shares (properly endorsed or assigned for transfer, if the Board of Trustees requires and the Notice of Redemption states) are to be surrendered for payment of the Redemption Price; (F) that dividends on the RVMTP Shares to be redeemed will cease to accumulate from and after such Redemption Date; and (G) the provisions of this Statement under which such redemption is made. If fewer than all RVMTP Shares held by any Holder are to be redeemed, the Notice of Redemption delivered to such Holder shall also specify the number of RVMTP Shares to be redeemed from such Holder and/or the method of determining such number. The Fund may provide in any Notice of Redemption relating to an optional redemption contemplated to be effected pursuant to Section 2.6(c) of this Statement that such redemption is subject to one or more conditions precedent and that the Fund shall not be required to effect such redemption unless each such condition has been satisfied at the time or times and in the manner specified in such Notice of Redemption. No defect in the Notice of Redemption or delivery thereof shall affect the validity of redemption proceedings, except as required by applicable law.\n(ii) If (1) the Fund shall give a Notice of Redemption or (2) the Fund is required to redeem RVMTP Shares on the Mandatory Tender Date pursuant to Section 2.6(a)(iv), then at any time from and after the giving of such Notice of Redemption or Notice of Mandatory Tender, as applicable, and prior to 12:00 noon, New York City time, on the Redemption Date (so long as any conditions precedent to such redemption have been met or waived by the Fund), the Fund shall (A) deposit with the Calculation and Paying Agent Deposit Securities having an aggregate Market Value on the date thereof no less than the Redemption Price of the RVMTP Shares to be redeemed on the Redemption Date and (B) give the Calculation and Paying Agent irrevocable instructions and authority to pay the applicable Redemption Price to the Holders of the RVMTP Shares called for redemption on the Redemption Date. The Fund may direct the Calculation and Paying Agent with respect to the investment of any Deposit Securities consisting of cash so deposited prior to the Redemption Date, provided that the proceeds of any such investment shall be available at the opening of business on the Redemption Date as same-day funds. Notwithstanding the provisions of clause (A) of the preceding sentence, if the Redemption Date is either the Term Redemption Date, or a Mandatory Tender Date, then such deposit of Deposit Securities (which may come in whole or in part from the Term Redemption Liquidity Account) shall be made no later than fifteen (15) calendar days prior to the Term Redemption Date or such Mandatory Tender Date.\n(iii) Upon the date of the deposit of such Deposit Securities, all rights of the Holders of the RVMTP Shares so called for redemption shall cease and terminate except the right of the Holders thereof to receive the Redemption Price thereof and such RVMTP Shares shall no longer be deemed Outstanding for any purpose whatsoever (other than (A) the transfer thereof prior to the applicable Redemption Date and (B) the accumulation of dividends thereon in accordance with the terms hereof up to (but excluding) the applicable Redemption Date, which accumulated dividends, unless previously declared and paid as contemplated by the last sentence of Section 2.6(d)(vi) below, shall be payable only as part of the applicable Redemption Price on the Redemption Date). The Fund shall be entitled to receive, promptly after the Redemption Date, any Deposit Securities in excess of the aggregate Redemption Price of the RVMTP Shares called for redemption and redeemed on the Redemption Date. Any Deposit Securities so deposited that are unclaimed at the end of three hundred sixty-five (365) calendar days from the Redemption Date shall, to the extent permitted by law, be repaid to the Fund, after which the Holders of the RVMTP Shares so called for redemption shall look only to the Fund for payment of the Redemption Price thereof. The Fund shall be entitled to receive, from time to time after the Redemption Date, any interest on the Deposit Securities so deposited.\n(iv) On or after the Redemption Date, each Holder of RVMTP Shares in certificated form (if any) that are subject to redemption shall surrender the certificate(s) evidencing such RVMTP Shares to the Fund at the place designated in the Notice of Redemption and shall then be entitled to receive the Redemption Price for such RVMTP Shares, without interest, and in the case of a redemption of fewer than all the RVMTP Shares represented by such certificate(s), a new certificate representing the RVMTP Shares that were not redeemed.\n(v) Notwithstanding the other provisions of this Section 2.6, except as otherwise required by law, the Fund shall not redeem any RVMTP Shares or other series of Preferred Shares ranking on a parity with the RVMTP Shares with respect to dividends and other distributions unless all accumulated and unpaid dividends and other distributions on all Outstanding RVMTP Shares and shares of other series of Preferred Shares for all applicable past dividend periods (whether or not earned or declared by the Fund) (x) shall have been or are contemporaneously paid or (y) shall have been or are contemporaneously declared and Deposit Securities (in the case of the RVMTP Shares) or other sufficient securities or funds (in the case of other Preferred Shares, as applicable) (in accordance with the terms of such Preferred Shares for the payment of such dividends and other distributions) shall have been or are contemporaneously deposited with the Calculation and Paying Agent or other applicable paying agent for such Preferred Shares in accordance with the terms of such Preferred Shares, provided, however, that the foregoing shall not prevent the purchase or acquisition of Outstanding RVMTP Shares pursuant to an otherwise lawful purchase or exchange offer made on the same terms to Holders of all Outstanding RVMTP Shares and any other series of Preferred Shares for which all accumulated and unpaid dividends and other distributions have not been paid.\n(vi) To the extent that any redemption for which a Notice of Redemption has been provided is not made by reason of the absence of legally available funds therefor in accordance with the Declaration, this Statement and applicable law, such redemption shall be made as soon as practicable to the extent such funds become available. In the case of any redemption pursuant to Section 2.6(c), no Redemption Default shall be deemed to have occurred if the Fund shall fail to deposit in trust with the Calculation and Paying Agent the Redemption Price with respect to any shares where (1) the Notice of Redemption relating to such redemption provided that such redemption was subject to one or more conditions precedent and (2) any such condition precedent shall not have been satisfied at the time or times and in the manner specified in such Notice of Redemption. Notwithstanding the fact that a Notice of Redemption has been provided with respect to any RVMTP Shares, dividends may be declared and paid on such RVMTP Shares in accordance with their terms if Deposit Securities for the payment of the Redemption Price of such RVMTP Shares shall not have been deposited in trust with the Calculation and Paying Agent for that purpose.", "snippet_links": [{"key": "if-the-fund", "type": "definition", "offset": [4, 15]}, {"key": "rvmtp-shares-of-a-series", "type": "definition", "offset": [79, 103]}, {"key": "section-26", "type": "clause", "offset": [116, 127]}, {"key": "notice-of-redemption", "type": "definition", "offset": [169, 189]}, {"key": "overnight-delivery", "type": "definition", "offset": [223, 241]}, {"key": "first-class-mail", "type": "definition", "offset": [246, 262]}, {"key": "electronic-means", "type": "definition", "offset": [286, 302]}, {"key": "to-holders", "type": "clause", "offset": [303, 313]}, {"key": "calculation-and-paying-agent", "type": "definition", "offset": [338, 366]}, {"key": "on-behalf-of", "type": "definition", "offset": [368, 380]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [493, 519]}, {"key": "prior-to-the", "type": "clause", "offset": [771, 783]}, {"key": "consented-to-by", "type": "definition", "offset": [895, 910]}, {"key": "holders-of", "type": "clause", "offset": [922, 932]}, {"key": "vote-required", "type": "clause", "offset": [1008, 1021]}, {"key": "applicable-redemption-price", "type": "clause", "offset": [1235, 1262]}, {"key": "the-series", "type": "clause", "offset": [1289, 1299]}, {"key": "number-of", "type": "clause", "offset": [1304, 1313]}, {"key": "cusip-number", "type": "clause", "offset": [1351, 1363]}, {"key": "if-applicable", "type": "clause", "offset": [1401, 1414]}, {"key": "for-transfer", "type": "definition", "offset": [1508, 1520]}, {"key": "the-board-of-trustees", "type": "clause", "offset": [1525, 1546]}, {"key": "the-notice", "type": "clause", "offset": [1560, 1570]}, {"key": "payment-of-the-redemption-price", "type": "clause", "offset": [1619, 1650]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [1776, 1798]}, {"key": "statement-under", "type": "clause", "offset": [1799, 1814]}, {"key": "method-of", "type": "definition", "offset": [2055, 2064]}, {"key": "any-notice", "type": "definition", "offset": [2114, 2124]}, {"key": "relating-to", "type": "definition", "offset": [2139, 2150]}, {"key": "optional-redemption", "type": "clause", "offset": [2154, 2173]}, {"key": "subject-to", "type": "definition", "offset": [2271, 2281]}, {"key": "at-the-time", "type": "definition", "offset": [2427, 2438]}, {"key": "no-defect", "type": "clause", "offset": [2506, 2515]}, {"key": "as-required-by", "type": "clause", "offset": [2624, 2638]}, {"key": "applicable-law", "type": "definition", "offset": [2639, 2653]}, {"key": "mandatory-tender-date", "type": "definition", "offset": [2768, 2789]}, {"key": "at-any-time", "type": "clause", "offset": [2827, 2838]}, {"key": "notice-of-mandatory-tender", "type": "definition", "offset": [2897, 2923]}, {"key": "new-york-city-time", "type": "definition", "offset": [2965, 2983]}, {"key": "conditions-precedent-to", "type": "definition", "offset": [3024, 3047]}, {"key": "by-the-fund", "type": "clause", "offset": [3088, 3099]}, {"key": "deposit-securities", "type": "clause", "offset": [3167, 3185]}, {"key": "aggregate-market-value", "type": "clause", "offset": [3196, 3218]}, {"key": "price-of-the", "type": "clause", "offset": [3267, 3279]}, {"key": "irrevocable-instructions", "type": "definition", "offset": [3377, 3401]}, {"key": "authority-to-pay", "type": "clause", "offset": [3406, 3422]}, {"key": "with-respect-to", "type": "clause", "offset": [3589, 3604]}, {"key": "investment-of", "type": "clause", "offset": [3609, 3622]}, {"key": "provided-that", "type": "definition", "offset": [3708, 3721]}, {"key": "available-at", "type": "definition", "offset": [3767, 3779]}, {"key": "day-funds", "type": "clause", "offset": [3835, 3844]}, {"key": "notwithstanding-the-provisions-of", "type": "clause", "offset": [3846, 3879]}, {"key": "term-redemption-date", "type": "definition", "offset": [3955, 3975]}, {"key": "term-redemption-liquidity-account", "type": "definition", "offset": [4090, 4123]}, {"key": "date-of", "type": "clause", "offset": [4260, 4267]}, {"key": "rights-of-the-holders", "type": "clause", "offset": [4312, 4333]}, {"key": "right-of-the", "type": "clause", "offset": [4416, 4428]}, {"key": "to-receive", "type": "definition", "offset": [4445, 4455]}, {"key": "the-transfer", "type": "clause", "offset": [4588, 4600]}, {"key": "applicable-redemption-date", "type": "definition", "offset": [4622, 4648]}, {"key": "accumulation-of", "type": "clause", "offset": [4661, 4676]}, {"key": "in-accordance-with", "type": "definition", "offset": [4695, 4713]}, {"key": "the-terms", "type": "definition", "offset": [4714, 4723]}, {"key": "but-excluding", "type": 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"definition", "offset": [7818, 7841]}, {"key": "as-soon-as-practicable", "type": "definition", "offset": [7952, 7974]}, {"key": "default-shall", "type": "definition", "offset": [8090, 8103]}, {"key": "deposit-in-trust", "type": "clause", "offset": [8157, 8173]}, {"key": "condition-precedent", "type": "clause", "offset": [8418, 8437]}, {"key": "the-fact", "type": "clause", "offset": [8563, 8571]}], "samples": [{"hash": "qdLUS3riaE", "uri": "/contracts/qdLUS3riaE#procedures-for-redemption", "label": "Bylaws (Pimco California Municipal Income Fund)", "score": 37.1943855286, "published": true}, {"hash": "4lWU6XXQi5I", "uri": "/contracts/4lWU6XXQi5I#procedures-for-redemption", "label": "Bylaws (Pimco Municipal Income Fund Ii)", "score": 37.1943855286, "published": true}, {"hash": "jMwQArQbEVI", "uri": "/contracts/jMwQArQbEVI#procedures-for-redemption", "label": "Bylaws (Pimco California Municipal Income Fund)", "score": 36.2060241699, "published": true}], "size": 206, "hash": "d25791f489f4cc5acbf6e3d3e879464f", "id": 2}, {"snippet": "(i) On or after the redemption date, the General Partner shall present and surrender the certificates, if any, representing the Series C Preferred Units to the Partnership at the place designated in the notice of redemption and thereupon the redemption price of such Units shall be paid to the General Partner and each surrendered certificate representing Series C Preferred Units, if any, shall be canceled. If fewer than all the Series C Preferred Units represented by any such certificate representing Series C Preferred Units are to be redeemed, a new certificate shall be issued representing the unredeemed Series C Preferred Units.\n(ii) From and after the redemption date (unless the Partnership defaults in payment of the redemption price), all distributions on the Series C Preferred Units designated for redemption in such notice shall cease to accumulate and all rights of the General Partner, except the right to receive the redemption price thereof (including all accumulated and unpaid distributions up to but excluding the redemption date), shall cease and terminate, and such Series C Preferred Units shall not be deemed to be outstanding for any purpose whatsoever. At its election, the Partnership, prior to a redemption date, may irrevocably deposit the redemption price of the Series C Preferred Units so called for redemption in trust for the General Partner with a bank or trust company. Any monies so deposited which remain unclaimed by the General Partner at the end of two years after the redemption date shall be returned by such bank or trust company to the Partnership.", "snippet_links": [{"key": "redemption-date", "type": "definition", "offset": [20, 35]}, {"key": "the-certificates", "type": "definition", "offset": [85, 101]}, {"key": "series-c-preferred-units", "type": "clause", "offset": [128, 152]}, {"key": "to-the-partnership", "type": "clause", "offset": [153, 171]}, {"key": "notice-of-redemption", "type": "definition", "offset": [203, 223]}, {"key": "represented-by", "type": "definition", "offset": [456, 470]}, {"key": "new-certificate", "type": "definition", "offset": [552, 567]}, {"key": "payment-of-the-redemption-price", "type": "clause", "offset": [714, 745]}, {"key": "distributions-on-the", "type": "clause", "offset": [752, 772]}, {"key": "rights-of-the-general-partner", "type": "clause", "offset": [873, 902]}, {"key": "right-to-receive", "type": "clause", "offset": [915, 931]}, {"key": "unpaid-distributions", "type": "definition", "offset": [992, 1012]}, {"key": "but-excluding", "type": "clause", "offset": [1019, 1032]}, {"key": "prior-to-a", "type": "clause", "offset": [1216, 1226]}, {"key": "price-of-the", "type": "clause", "offset": [1283, 1295]}, {"key": "in-trust-for", "type": "definition", "offset": [1346, 1358]}, {"key": "bank-or-trust-company", "type": "definition", "offset": [1386, 1407]}, {"key": "by-the-general-partner", "type": "clause", "offset": [1456, 1478]}, {"key": "at-the-end-of", "type": "clause", "offset": [1479, 1492]}, {"key": "two-years", "type": "clause", "offset": [1493, 1502]}], "samples": [{"hash": "57RtMGa2MJc", "uri": "/contracts/57RtMGa2MJc#procedures-for-redemption", "label": "Revolving Credit Agreement (Digital Realty Trust, L.P.)", "score": 21.5886383057, "published": true}, {"hash": "dvj8QLRC2VB", "uri": "/contracts/dvj8QLRC2VB#procedures-for-redemption", "label": "Agreement of Limited Partnership (Digital Realty Trust, Inc.)", "score": 21.0, "published": true}, {"hash": "a5an3o6LZOw", "uri": "/contracts/a5an3o6LZOw#procedures-for-redemption", "label": "Agreement of Limited Partnership (Digital Realty Trust, Inc.)", "score": 21.0, "published": true}], "size": 20, "hash": "b1e5d7fd03e720bf0943112d3ec5a721", "id": 3}, {"snippet": "At least 90 days prior to the Redemption Date, written notice (the \u201cRedemption Notice\u201d) shall be given by first class mail, postage prepaid, to each Holder who is a Holder on the date such notice is given at such Holder\u2019s address as it appears on the stock books of the Corporation, provided that no failure to give such notice nor any deficiency therein shall affect the validity of the procedure for the redemption of any shares of Series D Convertible Preferred as to the Holder or Holders to whom the Corporation has failed to give said notice or to whom such notice was defective. The Redemption Notice shall state:", "snippet_links": [{"key": "prior-to-the", "type": "clause", "offset": [17, 29]}, {"key": "redemption-date", "type": "definition", "offset": [30, 45]}, {"key": "written-notice", "type": "definition", "offset": [47, 61]}, {"key": "first-class-mail", "type": "definition", "offset": [106, 122]}, {"key": "a-holder", "type": "definition", "offset": [163, 171]}, {"key": "stock-books", "type": "clause", "offset": [251, 262]}, {"key": "of-the-corporation", "type": "clause", "offset": [263, 281]}, {"key": "provided-that", "type": "definition", "offset": [283, 296]}, {"key": "failure-to", "type": "clause", "offset": [300, 310]}, {"key": "procedure-for-the", "type": "clause", "offset": [388, 405]}, {"key": "series-d-convertible-preferred", "type": "definition", "offset": [434, 464]}, {"key": "holder-or-holders", "type": "definition", "offset": [475, 492]}, {"key": "the-redemption-notice", "type": "definition", "offset": [586, 607]}], "samples": [{"hash": "jGnobDUyQy", "uri": "/contracts/jGnobDUyQy#procedures-for-redemption", "label": "Master Transaction Agreement (Cig Media LLC)", "score": 21.0, "published": true}, {"hash": "j7I40PFQwvY", "uri": "/contracts/j7I40PFQwvY#procedures-for-redemption", "label": "Master Transaction Agreement (Ion Media Networks Inc.)", "score": 21.0, "published": true}, {"hash": "hIyfcH7QdgZ", "uri": "/contracts/hIyfcH7QdgZ#procedures-for-redemption", "label": "Master Transaction Agreement (Cig Media LLC)", "score": 21.0, "published": true}], "size": 18, "hash": "b89f149eaec09de73f94dc723e8e68d3", "id": 4}, {"snippet": "The following provisions set forth the procedures for redemption:", "snippet_links": [{"key": "the-procedures", "type": "definition", "offset": [35, 49]}], "samples": [{"hash": "kocC9Loa8Wk", "uri": "/contracts/kocC9Loa8Wk#procedures-for-redemption", "label": "Limited Liability Company Agreement (Sunstone Hotel Investors, Inc.)", "score": 32.3210144043, "published": true}, {"hash": "U6VXTWRW3G", "uri": "/contracts/U6VXTWRW3G#procedures-for-redemption", "label": "Limited Partnership Agreement (Digital Realty Trust, L.P.)", "score": 30.7713890076, "published": true}, {"hash": "jyH0MVZ6UiJ", "uri": "/contracts/jyH0MVZ6UiJ#procedures-for-redemption", "label": "Agreement of Limited Partnership (Digital Realty Trust, L.P.)", "score": 30.1937026978, "published": true}], "size": 4, "hash": "2bbea986a4d03da8b76971f5cdf984cf", "id": 6}, {"snippet": "In the case of a partial redemption, the Trustee shall select the Securities or portions thereof for redemption on a pro rata basis, by lot or in such other manner it deems appropriate and fair; provided, however, that mandatory and optional redemptions from Company Excess will be done as nearly as practicable on a pro rata basis. The Securities may be redeemed in part in multiples of $1,000 only. Except in the case of any Required Redemption, as otherwise required by any applicable Gaming Regulatory Authority, notice of any redemption will be sent by first class mail, at least 30 days and not more than 60 days prior to the date fixed for redemption to the Holder of each Security to be redeemed at such Holder's last address as then shown upon the registry books of the Registrar. Any notice which relates to a Security to be redeemed in part only must state the portion of the principal amount equal to the unredeemed portion thereof and must state that on and after the date of redemption, upon surrender of such Security, a new Security or Securities in a principal amount equal to the unredeemed portion thereof will be issued. On and after the date of redemption, interest will cease to accrue on the Securities or portions thereof called for redemption, unless the Issuers default in the payment thereof.", "snippet_links": [{"key": "in-the-case", "type": "clause", "offset": [0, 11]}, {"key": "partial-redemption", "type": "definition", "offset": [17, 35]}, {"key": "trustee-shall", "type": "definition", "offset": [41, 54]}, {"key": "the-securities", "type": "definition", "offset": [62, 76]}, {"key": "pro-rata-basis", "type": "clause", "offset": [117, 131]}, {"key": "by-lot", "type": "definition", "offset": [133, 139]}, {"key": "other-manner", "type": "clause", "offset": [151, 163]}, {"key": "optional-redemptions", "type": "clause", "offset": [233, 253]}, {"key": "redeemed-in-part", "type": "clause", "offset": [355, 371]}, {"key": "required-redemption", "type": "clause", "offset": [427, 446]}, {"key": "required-by", "type": "definition", "offset": [461, 472]}, {"key": "gaming-regulatory-authority", "type": "definition", "offset": [488, 515]}, {"key": "notice-of-any", "type": "clause", "offset": [517, 530]}, {"key": "first-class-mail", "type": "definition", "offset": [558, 574]}, {"key": "prior-to-the", "type": "clause", "offset": [619, 631]}, {"key": "the-holder", "type": "clause", "offset": [661, 671]}, {"key": "registry-books", "type": "definition", "offset": [757, 771]}, {"key": "the-registrar", "type": "clause", "offset": [775, 788]}, {"key": "any-notice", "type": "definition", "offset": [790, 800]}, {"key": "relates-to", "type": "definition", "offset": [807, 817]}, {"key": "the-principal-amount", "type": "definition", "offset": [883, 903]}, {"key": "equal-to", "type": "definition", "offset": [904, 912]}, {"key": "date-of-redemption", "type": "definition", "offset": [981, 999]}, {"key": "such-security", "type": "definition", "offset": [1019, 1032]}, {"key": "security-or-securities", "type": "definition", "offset": [1040, 1062]}, {"key": "the-issuers", "type": "clause", "offset": [1276, 1287]}, {"key": "the-payment", "type": "clause", "offset": [1299, 1310]}], "samples": [{"hash": "g3OwiJ6Os3C", "uri": "/contracts/g3OwiJ6Os3C#procedures-for-redemption", "label": "Indenture (Waterford Gaming LLC)", "score": 18.0, "published": true}, {"hash": "cEs433GJNDG", "uri": "/contracts/cEs433GJNDG#procedures-for-redemption", "label": "Indenture (Waterford Gaming LLC)", "score": 18.0, "published": true}, {"hash": "7UABWSggYLH", "uri": "/contracts/7UABWSggYLH#procedures-for-redemption", "label": "Indenture (Waterford Gaming Finance Corp)", "score": 18.0, "published": true}], "size": 4, "hash": "94204aae36c2c90e7489ff9edc233b06", "id": 7}, {"snippet": "The redemption price for any shares of Series A Preferred Stock shall be payable on the Redemption Date to the holders of such shares against book-entry transfer or surrender of the certificate(s) evidencing such shares to the Corporation or its agent. Any declared but unpaid dividends payable on a Redemption Date that occurs subsequent to the Dividend Record Date for a Dividend Period shall not be paid to the holder entitled to receive the redemption price on the Redemption Date, but rather shall be paid to the holder of record of the redeemed shares on such Dividend Record Date relating to the Dividend Payment Date as provided in Section 4 herein. Prior to delivering any notice of redemption as provided below, the Corporation shall file with its corporate records a certificate signed by one of the Corporation\u2019s officers affirming the Corporation\u2019s compliance with the redemption provisions under the DGCL relating to the Series A Preferred Stock, and stating that there are reasonable grounds for believing that the Corporation is, and after the redemption will be, able to pay its liabilities as they become due and that the redemption will not cause the Corporation to breach any provision of applicable Delaware law or regulation. The Corporation shall mail a copy of this certificate with the notice of any redemption.", "snippet_links": [{"key": "redemption-price", "type": "definition", "offset": [4, 20]}, {"key": "stock-shall", "type": "definition", "offset": [58, 69]}, {"key": "redemption-date", "type": "definition", "offset": [88, 103]}, {"key": "holders-of", "type": "clause", "offset": [111, 121]}, {"key": "entry-transfer", "type": "clause", "offset": [147, 161]}, {"key": "to-the-corporation", "type": "clause", "offset": [220, 238]}, {"key": "unpaid-dividends", "type": "definition", "offset": [270, 286]}, {"key": "dividend-record-date", "type": "clause", "offset": [346, 366]}, {"key": "dividend-period", "type": "definition", "offset": [373, 388]}, {"key": "to-receive", "type": "definition", "offset": [430, 440]}, {"key": "record-of", "type": "clause", "offset": [528, 537]}, {"key": "redeemed-shares", "type": "definition", "offset": [542, 557]}, {"key": "relating-to", "type": "definition", "offset": [587, 598]}, {"key": "dividend-payment-date", "type": "clause", "offset": [603, 624]}, {"key": "in-section-4", "type": "clause", "offset": [637, 649]}, {"key": "prior-to", "type": "definition", "offset": [658, 666]}, {"key": "notice-of-redemption", "type": "definition", "offset": [682, 702]}, {"key": "records-a", "type": "clause", "offset": [768, 777]}, {"key": "signed-by", "type": "clause", "offset": [790, 799]}, {"key": "of-the-corporation", "type": "clause", "offset": [804, 822]}, {"key": "compliance-with-the", "type": "clause", "offset": [862, 881]}, {"key": "redemption-provisions", "type": "clause", "offset": [882, 903]}, {"key": "the-series", "type": "clause", "offset": [931, 941]}, {"key": "reasonable-grounds", "type": "definition", "offset": [988, 1006]}, {"key": "to-pay", "type": "clause", "offset": [1085, 1091]}, {"key": "provision-of", "type": "clause", "offset": [1196, 1208]}, {"key": "law-or-regulation", "type": "clause", "offset": [1229, 1246]}, {"key": "a-copy-of", "type": "clause", "offset": [1275, 1284]}, {"key": "notice-of-any", "type": "clause", "offset": [1311, 1324]}], "samples": [{"hash": "fAwUEOKgaEd", "uri": "/contracts/fAwUEOKgaEd#procedures-for-redemption", "label": "Deposit Agreement (Argo Group International Holdings, Inc.)", "score": 34.2279243469, "published": true}], "size": 4, "hash": "91ea3c2682a84f074ef968c7965c3fdf", "id": 8}, {"snippet": "If less than all the Notes are to be redeemed, the Notes shall be redeemed pro rata from each Noteholder. In the event of redemption or purchase pursuant to an offer to purchase this Note in part only, a new Note or Notes for the unredeemed or unpurchased portion hereof will be issued in the name of the Noteholder hereof upon the cancellation hereof.", "snippet_links": [{"key": "the-notes-are", "type": "definition", "offset": [17, 30]}, {"key": "pro-rata", "type": "clause", "offset": [75, 83]}, {"key": "redemption-or-purchase", "type": "clause", "offset": [122, 144]}, {"key": "pursuant-to", "type": "definition", "offset": [145, 156]}, {"key": "offer-to-purchase", "type": "clause", "offset": [160, 177]}, {"key": "this-note", "type": "clause", "offset": [178, 187]}, {"key": "note-or-notes", "type": "clause", "offset": [208, 221]}, {"key": "issued-in", "type": "definition", "offset": [279, 288]}], "samples": [{"hash": "hZsTTCrEClE", "uri": "/contracts/hZsTTCrEClE#procedures-for-redemption", "label": "Purchase Agreement (Terremark Worldwide Inc)", "score": 21.0, "published": true}, {"hash": "hEjfJlvFhsp", "uri": "/contracts/hEjfJlvFhsp#procedures-for-redemption", "label": "Purchase Agreement (American Coin Merchandising Inc)", "score": 18.0, "published": true}, {"hash": "8HbswqC6ZtX", "uri": "/contracts/8HbswqC6ZtX#procedures-for-redemption", "label": "Purchase Agreement (American Coin Merchandising Inc)", "score": 18.0, "published": true}], "size": 3, "hash": "4e513607f80c3992d0c99a7871233e77", "id": 9}, {"snippet": "(i) In the event the Company shall redeem shares of 6% Senior Preferred Stock pursuant to Section 7(a), notice of such redemption shall be given by first class mail, postage prepaid, mailed not less than 10 days nor more than 60 days prior to the Redemption Date, to each holder of record of the shares to be redeemed at such holder's address as the same appears on the stock register of the Company. Each such notice shall state: (i) the Redemption Date; (ii) the number of shares of 6% Senior Preferred Stock to be redeemed and, if less than all the shares held by such holder are to be redeemed from such holder, the number of shares to be redeemed from such holder; (iii) the Redemption Price; and (iv) the place or places where certificates for such shares are to be surrendered for payment of the Redemption Price. Any notice given in such manner shall be conclusively deemed to have been duly given whether or not such notice is in fact received.\n(ii) Notice having been mailed as aforesaid, from and after the Redemption Date (unless the Company shall fail to provide money for the payment", "snippet_links": [{"key": "the-company-shall", "type": "clause", "offset": [17, 34]}, {"key": "senior-preferred-stock", "type": "definition", "offset": [55, 77]}, {"key": "pursuant-to-section", "type": "clause", "offset": [78, 97]}, {"key": "notice-of", "type": "definition", "offset": [104, 113]}, {"key": "first-class-mail", "type": "definition", "offset": [148, 164]}, {"key": "prior-to-the", "type": "clause", "offset": [234, 246]}, {"key": "redemption-date", "type": "definition", "offset": [247, 262]}, {"key": "record-of", "type": "clause", "offset": [282, 291]}, {"key": "the-shares", "type": "clause", "offset": [292, 302]}, {"key": "stock-register", "type": "definition", "offset": [370, 384]}, {"key": "of-the-company", "type": "clause", "offset": [385, 399]}, {"key": "number-of-shares-of", "type": "clause", "offset": [465, 484]}, {"key": "certificates-for", "type": "clause", "offset": [733, 749]}, {"key": "payment-of-the-redemption-price", "type": "clause", "offset": [788, 819]}, {"key": "notice-given", "type": "clause", "offset": [825, 837]}, {"key": "having-been", "type": "clause", "offset": [966, 977]}, {"key": "to-provide", "type": "clause", "offset": [1065, 1075]}, {"key": "the-payment", "type": "clause", "offset": [1086, 1097]}], "samples": [{"hash": "khKvn1yTAit", "uri": "/contracts/khKvn1yTAit#procedures-for-redemption", "label": "Restructuring Agreement (Tatham Offshore Inc)", "score": 18.0, "published": true}, {"hash": "jBAyNKEYUeL", "uri": "/contracts/jBAyNKEYUeL#procedures-for-redemption", "label": "Restructuring Agreement (Deeptech International Inc)", "score": 18.0, "published": true}, {"hash": "epj2Avhq8sX", "uri": "/contracts/epj2Avhq8sX#procedures-for-redemption", "label": "Restructuring Agreement (Tatham Offshore Inc)", "score": 18.0, "published": true}], "size": 3, "hash": "4471e7c027c8209c15ca266c64ffd79e", "id": 10}], "next_curs": "CmISXGoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj4LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiJwcm9jZWR1cmVzLWZvci1yZWRlbXB0aW9uIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"children": [["", ""], ["general", "General"], ["right-to-exchange", "Right to Exchange"], ["certain-voting-rights", "Certain Voting Rights"], ["procedure-for-exchange", "Procedure for Exchange"]], "parents": [["redemption", "Redemption"], ["optional-redemption", "Optional Redemption"], ["amendment-to-the-bylaws", "Amendment to the Bylaws"], ["miscellaneous", "Miscellaneous"], ["series-a-preferred-units", "Series a Preferred Units"]], "title": "Procedures for Redemption", "size": 330, "id": "procedures-for-redemption", "related": [["purchase-and-redemption-procedures", "Purchase and Redemption Procedures", "Purchase and Redemption Procedures"], ["changes-after-provision-for-redemption", "Changes after Provision for Redemption", "Changes after Provision for Redemption"], ["redemption-procedures", "Redemption Procedures", "Redemption Procedures"], ["optional-redemption-of-notes", "Optional Redemption of Notes", "Optional Redemption of Notes"], ["conversion-arrangement-on-call-for-redemption", "Conversion Arrangement on Call for Redemption", "Conversion Arrangement on Call for Redemption"]], "related_snippets": [], "updated": "2026-04-30T06:05:53+00:00", "also_ask": ["What are the essential procedural steps that must be specified to ensure enforceable redemption rights?", "How can redemption procedures be structured to maximize flexibility for the redeeming party?", "What are the most common pitfalls or ambiguities in redemption procedures that courts have found unenforceable?", "How do redemption procedure requirements differ across key jurisdictions or under different governing laws?", "What negotiation leverage points exist within the timing and notice provisions of redemption procedures?"], "drafting_tip": "Specify redemption steps, set clear timelines, and identify responsible parties to ensure process clarity, prevent disputes, and facilitate timely execution.", "explanation": "The Procedures for Redemption clause outlines the specific steps and requirements that must be followed when redeeming securities, shares, or other financial instruments. Typically, this clause details the notice period, documentation, and payment methods required for a valid redemption, and may specify any conditions or limitations on when and how redemption can occur. By clearly defining the process, this clause ensures that both parties understand their obligations and rights, thereby reducing the risk of disputes and facilitating smooth execution of redemptions."}, "json": true, "cursor": ""}}