Common use of Repurchase at the Option of the Holder Clause in Contracts

Repurchase at the Option of the Holder. (i) Notwithstanding any other provision of the Partnership Agreement to the contrary, the holders of the Series S Preferred Units shall have the right to require the Partnership to repurchase for cash all or a portion of the Series S Preferred Units at any time after the date hereof (the “Cash Repurchase Right”), subject to clause (ii) of this Section 2.F. The repurchase price per Series S Preferred Unit upon such repurchase shall be paid by the Partnership in cash and shall be in an amount equal to the Series S Liquidation Value of such Series S Preferred Units to the date of such repurchase (the “Repurchase Consideration”). From and after the applicable repurchase date, the Series S Preferred Units so repurchased shall no longer be outstanding and all rights hereunder, to distributions or otherwise, with respect to such Series S Preferred Units shall cease.

Appears in 1 contract

Samples: Op Partnership Agreement (Sl Green Operating Partnership, L.P.)

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Repurchase at the Option of the Holder. (i) Notwithstanding any other provision of the Partnership Agreement to the contrary, the holders of the Series S M Preferred Units shall have the right to require the Partnership to repurchase for cash all or a portion of the Series S M Preferred Units at any time after the date hereof (the “Cash Repurchase Right”), subject to clause paragraph (ii) of this Section 2.F. The repurchase price per Series S M Preferred Unit upon such repurchase shall be paid by the Partnership in cash and shall be in an amount equal to the Series S M Liquidation Value of such Series S M Preferred Units to the date of such repurchase (the “Cash Repurchase Consideration”). From and after the applicable repurchase date, the Series S M Preferred Units so repurchased shall no longer be outstanding and all rights hereunder, to distributions or otherwise, with respect to such Series S M Preferred Units shall cease.

Appears in 1 contract

Samples: Partnership Agreement for Preferred Units (Sl Green Operating Partnership, L.P.)

Repurchase at the Option of the Holder. (i) Notwithstanding any other provision of the Partnership Agreement to the contrary, the holders of the Series S V Preferred Units shall have the right to require the Partnership to repurchase for cash all or a portion of the Series S V Preferred Units at any time after the date hereof (the “Cash Repurchase Right”), subject to clause (ii) of this Section 2.F. The repurchase price per Series S V Preferred Unit upon such repurchase shall be paid by the Partnership in cash and shall be in an amount equal to the Series S V Liquidation Value of such Series S V Preferred Units to the date of such repurchase (the “Repurchase Consideration”). From and after the applicable repurchase date, the Series S V Preferred Units so repurchased shall no longer be outstanding and all rights hereunder, to distributions or otherwise, with respect to such Series S V Preferred Units shall cease.

Appears in 1 contract

Samples: Op Partnership Agreement (Sl Green Operating Partnership, L.P.)

Repurchase at the Option of the Holder. (i) Notwithstanding any other provision of the Partnership Agreement to the contrary, the holders of the Series S L Preferred Units shall have the right to require the Partnership to repurchase for cash all or a portion of the Series S L Preferred Units at any time after the date hereof (the “Cash Repurchase Right”)) at any time after the date hereof, subject to clause (ii) of this Section 2.F. The repurchase price per Series S L Preferred Unit upon such repurchase shall be paid by the Partnership in cash and shall be in an amount equal to the Series S L Liquidation Value of such Series S L Preferred Units to the date of such repurchase (the “Repurchase Consideration”). From and after the applicable repurchase date, the Series S L Preferred Units so repurchased shall no longer be outstanding and all rights hereunder, to distributions or otherwise, with respect to such Series S L Preferred Units shall cease.

Appears in 1 contract

Samples: Sl Green Operating Partnership, L.P.

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Repurchase at the Option of the Holder. (i) Notwithstanding any other provision of the Partnership Agreement to the contrary, the holders of the Series S U Preferred Units shall have the right to require the Partnership to repurchase for cash all or a portion of the Series S U Preferred Units at any time after the date hereof (the “Cash Repurchase Right”), subject to clause (ii) of this Section 2.F. The repurchase price per Series S U Preferred Unit upon such repurchase shall be paid by the Partnership in cash and shall be in an amount equal to the Series S U Liquidation Value of such Series S U Preferred Units to the date of such repurchase (the “Repurchase Consideration”). From and after the applicable repurchase date, the Series S U Preferred Units so repurchased shall no longer be outstanding and all rights hereunder, to distributions or otherwise, with respect to such Series S U Preferred Units shall cease.

Appears in 1 contract

Samples: Op Partnership Agreement (Sl Green Operating Partnership, L.P.)

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