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 (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. 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 Partnership may not redeem any of the Series 8 Preferred Limited Partnership Units prior to January 31, 2021. Thereafter, 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, at any time, without the consent of the Holders redeem all, or from time to time any part, of the then Outstanding Series 8 Preferred Limited Partnership Units by the payment of an amount in cash for each Series 8 Preferred Limited Partnership Unit so redeemed equal to (i) in the case of redemptions on January 31, 2026 and on January 31 every five years thereafter (each a “Series 8 Reclassification Date”), C$25.00, or (ii) C$25.50 in the case of redemptions on any date which is not a Series 8 Reclassification Date on or after January 31, 2021, in each case including all accrued and unpaid Series 8 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 8 Preferred Limited Partnership Units are at any time to be redeemed, then the particular Series 8 Preferred Limited Partnership Units to be redeemed shall be selected on a pro rata basis disregarding fractions or, if the Series
Redemption at the Option of the Partnership. AOLTIP Units will not be redeemable at the option of the Partnership; provided, however, that the foregoing shall not prohibit the Partnership from repurchasing AOLTIP Units from the holder thereof if and to the extent such holder agrees to sell such units.
Redemption at the Option of the Partnership. (a) The Series C-1 Partnership Preferred Units shall not be redeemable by the Partnership prior to August 12, 2008. On and after August 12, 2008, the Partnership, at its option, may redeem the Series C-1 Partnership Preferred Units, in whole at any time or from time to time in part, in minimum increments of $10.0 million of aggregate Liquidation Preference of such units, out of funds legally available therefor at a redemption price payable in cash equal to 100% of the Liquidation Preference per Series C-1 Partnership Preferred Units (plus all accumulated, accrued and unpaid distributions as provided in paragraph (b) below).
Redemption at the Option of the Partnership. (a) 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 a. The Series E Partnership Preferred Units shall not be redeemable by the Partnership prior to the tenth anniversary of the Grant Date. On and after the tenth anniversary of the Grant Date, the Partnership, at its option, may redeem the Series E Partnership Preferred Units, in whole at any time or from time to time in part, in minimum increments of $10.0 million of aggregate Liquidation Preference of such units, out of funds legally available therefor at a redemption price payable in cash equal to 100% of the Liquidation Preference per Series E Partnership Preferred Unit (plus all accumulated, accrued and unpaid distributions as provided in paragraph (c) below).
Redemption at the Option of the Partnership. (i) The Partnership, at its option, may redeem Series J Preferred Units, in whole or from time to time in part, at a price per unit, payable in cash, in an amount equal to the Series J Liquidation Value of such Series J Preferred Unit to the date of such redemption (the “Redemption Consideration”). The date of redemption shall be selected by the Managing General Partner, shall be specified in a notice of redemption and may not be earlier than the date notice of redemption is sent by the Partnership. If full cumulative distributions on all outstanding Series J Preferred Units have not been declared and paid, or declared and set apart for payment, no Series J Preferred Units may be redeemed unless all outstanding Series J Preferred Units are simultaneously redeemed.
