Redemption of Common Units. (a) Each Member other than the PubCo Holdings Group shall be entitled from time to time to cause the Company to redeem all or a portion of such Member’s Common Units (such Member a “Redeeming Member”), together with an equal number of Voting Shares, in exchange for Common Shares or, at the Company’s election under certain circumstances, cash in accordance with Section 3.6(d) (referred to herein as the “Redemption Right”), upon the terms and subject to the conditions set forth in this Section 3.6 and subject to PubCo’s (or such designated member(s) of the PubCo Holdings Group’s) Call Right as set forth in Section 3.6(n).
Redemption of Common Units. In the event that Nimbus or GGP LP distributes shares of Common Stock to the holders of its common units (or effectuates a pro rata redemption of its common units in exchange for shares of Common Stock) and a portion of such shares are directly or indirectly received by the Public REIT and thereby canceled, then the General Partner shall have the right, without the consent of any other Partners, to cause the Partnership to redeem Common Units from all holders on a pro rata basis in exchange for any or all shares of Common Stock that the Partnership receives in such distribution. The redemption price paid by the Partnership shall be a number of shares of Common Stock equal to the quotient of (A) the number of Common Units redeemed divided by (B) the Conversion Factor. Any such redemption shall be pro rata from all holders of Common Units based on the number of Common Units held by each holder, provided that the General Partner may make such adjustments as are necessary in order to avoid being required to transfer fractions of a share of Common Stock in connection with any such redemption. ARTICLE VI
Redemption of Common Units. MLP hereby agrees to redeem a number of Common Units held by DCP LP Holdings equal to the number of Common Units issued to the public, through the underwriters, upon exercise of the Option, if any, at a redemption price per Common Unit equal to the initial public offering price per Common Unit, net of underwriting discounts.
Redemption of Common Units. MLP hereby agrees to redeem a number of Common Units held by Holdings, the March 2006 Private Investors and the June 2006 Private Investors equal to the number of Common Units issued to the public, through the underwriters, upon exercise of the Option, if any, at a redemption price per Common Unit equal to the initial public offering price per Common Unit set forth in the Registration Statement, net of underwriting discounts and fees.
Redemption of Common Units. MLP hereby redeems 1,500,000 Common Units held by SEP GP LP in exchange for the distribution of borrowed funds equal to the Redemption Price.
Redemption of Common Units. (a) On the Effective Date, provided this Agreement has not been revoked by Employee, CII shall redeem from Snella all of his Vested Common Units of CII (the “Redeemed Units”), on the term set forth in this Section 1 (the “Redemption”). After giving effect to any vesting of Snella’s Common Units as may be set forth in one or more Employee Equity Agreements under which such Common Units have been granted, Snella confirms any unvested Common Units shall be cancelled and forfeited.
Redemption of Common Units. Subject to the terms and conditions of this Agreement, including the deliveries set forth in Section 2.02, as of the date hereof, the Company hereby redeems from CDP, and CDP hereby sells to the Company, 34.735 Common Units for an aggregate cash purchase price of $16,353,509.57 (the “Purchase Price”).
Redemption of Common Units. Notwithstanding anything to the contrary herein or in the Exchange Agreement:
Redemption of Common Units. MLP hereby redeems 41,604 Common Units from HJ Trust, 62,405 Common Units from DST Trust and 195,991 Common Units from New Continental (collectively, the “Redeemed Units”) in exchange for payments of $870,563.70, $1,305,824.63 and $4,101,111.67, respectively, which are being made in reimbursement of certain capitalized expenditures. Pursuant to such redemption, each of HJ Trust, DST Trust and New Continental hereby grants, bargains, conveys, assigns, transfers sets over and delivers to MLP their respective Redeemed Units.
Redemption of Common Units. MLP hereby agrees to redeem a number of Common Units held by QRI equal to the number of Common Units issued to the public, through the Underwriters, upon exercise of the Option, if any, at a redemption price per Common Unit equal to the initial public offering price per Common Unit set forth in the Registration Statement, net of underwriting discounts and fees.
