Redemption at the Option of the Partnership Sample Clauses

Redemption at the Option of the Partnership. The Partnership may not redeem any of the Series 1 Preferred Limited Partnership Units prior to June 30, 2020. On June 30, 2020 and on June 30 every five years thereafter (each, a “Series 1 Reclassification Date”), the Partnership may, subject to applicable law and to the provisions described under Section 6 below, upon giving notice as hereinafter provided, at its option, without the consent of the Holders redeem all, or any part, of the then Outstanding Series 1 Preferred Limited Partnership Units by the payment of an amount in cash for each Series 1 Preferred Limited Partnership Unit so redeemed equal to C$25.00 per Series 1 Preferred Limited Partnership Unit, together with all accrued and unpaid Series 1 Distributions up to but excluding the date of payment or distribution (less any tax required to be deducted and withheld by the Partnership) (the “Redemption Price”). If less than all of the then Outstanding Series 1 Preferred Limited Partnership Units are at any time to be redeemed, then the particular Series 1 Preferred Limited Partnership Units to be redeemed shall be selected on a pro rata basis disregarding fractions or, if the Series 1 Preferred Limited Partnership Units are at such time listed on such exchange, with the consent of the Toronto Stock Exchange, in such manner as the Managing General Partner in its sole discretion may, by resolution determine. The Partnership shall give notice in writing not less than 25 days nor more than 60 days prior to the applicable Series 1 Reclassification Date of its intention to redeem such Series 1 Preferred Limited Partnership Units to each person who at the date of giving such notice is the Holder of Series 1 Preferred Limited Partnership Units to be redeemed. Any such notice shall be validly and effectively given on the date on which it is sent and such notice shall be given and sent by posting the same in a postage paid envelope addressed to each Holder of Series 1 Preferred Limited Partnership Units to be redeemed at the last address of such Holder as it appears on the securities register of the Partnership, or in the case of joint Holders, to the address of that one whose name appears first in the securities register of the Partnership as one of such joint Holders or, in the event of the address of any Holder not so appearing, then to the address of such Holder last known to the Partnership, provided that the accidental failure or omission to give any such notices as aforesaid to one or more of such ...
Redemption at the Option of the Partnership. LTIP Units will not be redeemable at the option of the Partnership; provided, however, that the foregoing shall not prohibit the Partnership from repurchasing LTIP Units from the holder thereof if and to the extent such holder agrees to sell such Units.
Redemption at the Option of the Partnership. LTIP Units will not be redeemable at the option of the Partnership; provided, however, that the foregoing shall not prohibit the Partnership from (i) repurchasing LTIP Units from the holder thereof if and to the extent such holder agrees to sell such LTIP Units or (ii) from exercising its LTIP Unit Forced Conversion right.
Redemption at the Option of the Partnership. (1) The Series D Preferred Units shall not be redeemable by the Partnership prior to December 29, 2005. On and after December 29, 2005, the Partnership, at its option, may redeem the Series D Preferred Units, in whole at any time or from time to time in part out of funds legally available therefor at a redemption price payable in cash equal to 100% of the Liquidation Preference per Series D Preferred Units (plus all accumulated, accrued and unpaid distributions as provided below).
Redemption at the Option of the Partnership. The Partnership may not redeem any of the Series 5 Preferred Limited Partnership Units prior to April 30, 2018. On or after April 30, 2018, the Partnership may, subject to applicable law, meeting the solvency requirements under Bermuda law and to the provisions described under Section 6 below, upon giving notice as hereinafter provided, at its option, without the consent of the Holders redeem all, or any part, of the then Outstanding Series 5 Preferred Limited Partnership Units by the payment of an amount in cash for each Series 5 Preferred Limited Partnership Unit so redeemed equal to:
Redemption at the Option of the Partnership. Class AO LTIP Units will not be redeemable at the option of the Partnership; provided, however, that the foregoing shall not prohibit the Partnership from repurchasing Class AO LTIP Units from the holder thereof if and to the extent such holder agrees to sell such Class AO LTIP Unit.
Redemption at the Option of the Partnership. The Bonds are, under certain conditions, subject to redemption at the option of the Partnership as set forth in Section 3.1 (Redemption at the Option of the Partnership or the Holders) of the Indenture.
Redemption at the Option of the Partnership. Except as set forth below and in connection with a Special Distribution Offer, the Series A Preferred Units shall not be redeemable by the Partnership for the period from the Closing Date to May 17, 2011 (the “No Call Period”). Thereafter, the Partnership shall have the right, exercisable from time to time upon not less than five (5) Business Days notice and not more than twenty (20) Business Days notice (which such notice may be conditional), to redeem all or a portion of the Series A Preferred Units at a purchase price equal to the product of (A) the sum of (x) the Unreturned Capital Contribution with respect to such Series A Preferred Units to be redeemed on the date of redemption, plus (y) the accrued and unpaid Preferred Return with respect to such Series A Preferred Units to be redeemed on the date of redemption multiplied by (B) the percentage set forth next to the time period below corresponding to the period in which such redemption occurs (such amount, the “Redemption Price”): May 18, 2011 through November 17, 2011 107 % November 18, 2011 through November 17, 2012 105 % November 18, 2012 through November 17, 2013 103 % November 18, 2013 through November 17, 2014 101 % November 18, 2014 and thereafter 100 % Notwithstanding the foregoing, upon a Change in Control during the No Call Period, the Partnership shall have the right to redeem all, but not less than all, of the Series A Preferred Units at a price equal to 107% of the sum of (x) the Unreturned Capital Contribution with respect to the Series A Preferred Units on the date of redemption, plus (y) the accrued and unpaid Preferred Return with respect to the Series A Preferred Units on the date of redemption. Without limiting the rights of the Series A Preferred Partners in Section 3.1(f)(iii), the Partnership may exercise its rights set forth in this Section 3.1(f)(ii) at any time prior to the occurrence of a Change in Control by giving at least five (5) Business Days notice to the Series A Preferred Partners prior to the expected closing of such Change in Control. If the Partnership exercises its right to redeem the Series A Preferred Units pursuant to this Section 3.1(f)(ii), such redemption shall occur on, and shall be conditioned upon, the closing date of such Change in Control.
Redemption at the Option of the Partnership. The Partnership may redeem the Securities for cash, in whole at any time or in part from time to time, at any time prior to their Stated Maturity, at the redemption price (the "Redemption Price") equal to the greater of:
Redemption at the Option of the Partnership. Class C Common Units will not be redeemable at the option of the Partnership; provided, however, that the foregoing shall not prohibit the Partnership from repurchasing Class C Common Units from the holder thereof if and to the extent such holder agrees to sell such Units.