Common use of Redemption Rights for Units Clause in Contracts

Redemption Rights for Units. Each Unit shall be redeemable, at the option of the holder, in accordance with, but subject to the restrictions contained in, the Partnership Agreement; provided, however, that such redemption option may not be exercised prior to the first anniversary of the Closing Date.

Appears in 37 contracts

Samples: Contribution Agreement (Columbia Equity Trust, Inc.), Contribution Agreement (Columbia Equity Trust, Inc.), Contribution Agreement (Columbia Equity Trust, Inc.)

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Redemption Rights for Units. Each Unit The Units shall be redeemable, redeemable at the option of the holder, holders of such Units and in accordance with, but subject to the restrictions contained in, the Partnership Agreement; provided, however, that such redemption option may not be exercised prior to the first anniversary of the Closing Date.

Appears in 8 contracts

Samples: Contribution Agreement (MHI Hospitality CORP), Contribution Agreement (MHI Hospitality CORP), Contribution Agreement (MHI Hospitality CORP)

Redemption Rights for Units. Each Unit shall be redeemable, redeemable at the option of the holder, in accordance with, but subject to the restrictions contained in, the Partnership Agreement; provided, however, that such redemption option may not be exercised prior to the first anniversary of the Closing Date.

Appears in 7 contracts

Samples: Agreement and Plan of Merger (Education Realty Trust, Inc.), Agreement and Plan of Merger (Education Realty Trust, Inc.), Agreement and Plan of Merger (Education Realty Trust, Inc.)

Redemption Rights for Units. Each Unit shall be redeemable, redeemable at the option of the holder, in accordance with, but subject to the restrictions contained in, the Acquirer's Partnership Agreement; provided, however, that such redemption option may not be exercised prior to the first anniversary of the Closing Date.

Appears in 7 contracts

Samples: Contribution Agreement (Highland Hospitality Corp), Contribution Agreement (Education Realty Trust, Inc.), Contribution Agreement (Education Realty Trust, Inc.)

Redemption Rights for Units. Each Unit shall be redeemable, redeemable at the option of the holder, in accordance with, but subject to the restrictions contained in, the Acquirer’s Partnership Agreement; provided, however, that such redemption option may not be exercised prior to until after the first anniversary of the Closing DateDate (the “Redemption Period”).

Appears in 4 contracts

Samples: Contribution Agreement (Summit Hotel Properties, Inc.), Contribution Agreement (Summit Hotel OP, LP), Contribution Agreement (Summit Hotel Properties, Inc.)

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Redemption Rights for Units. Each Unit The Units shall be redeemable, redeemable at the option of the holder, holders of such Units and in accordance with, but subject to the restrictions contained in, the Partnership Agreement; providedAgreement including, howeverwithout limitation, that such redemption option may not be exercised prior to the first anniversary of the Closing Date.

Appears in 2 contracts

Samples: Contribution Agreement (MHI Hospitality CORP), Contribution Agreement (MHI Hospitality CORP)

Redemption Rights for Units. Each Unit shall be redeemable, at the option of the holderContributor, in accordance with, but subject to the restrictions contained in, Section 7.5 of the Partnership Agreement; provided, however, that such Contributor's redemption option may not be exercised prior to the first anniversary of the Closing DateDate (defined below).

Appears in 1 contract

Samples: Contribution Agreement (Felcor Lodging Trust Inc)

Redemption Rights for Units. Each Unit shall be redeemable, at the option of the holder, in accordance with, but subject to the restrictions contained in, the Partnership Agreement; provided, however, that such redemption option may not be exercised prior to the first anniversary of the Closing DateDate (defined below).

Appears in 1 contract

Samples: Contribution Agreement (Windrose Medical Properties Trust)

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