Common use of Time for Exercise of Redemption Rights Clause in Contracts

Time for Exercise of Redemption Rights. Each Contributing Party may exercise its Redemption Rights in whole or in part and at any time and from time to time on or after the date hereof but prior to the Expiration Date; provided, however, that the Redemption Rights may not be exercised at any one time by any Contributing Party with respect to less than 2,000 Series B Preferred Units (or all the Series B Preferred Units then owned by such Contributing Party if such Contributing Party owns less than 2,000 Series B Preferred Units) or in the event that such exercise of Redemption Rights (or the assignment of Series B Preferred Units or delivery of either the Cash Purchase Price or the Share Purchase Price with respect thereto) violates the terms of the Partnership Agreement, the Certificate of Incorporation or applicable law. Once given, a Notice shall be irrevocable subject to the payment of the Purchase Price for the Series B Preferred Units specified therein in accordance with the terms hereof.

Time for Exercise of Redemption Rights. Each The Contributing Party may exercise its Redemption Rights in whole or in part and at any time and from time to time on or after the first anniversary of the date hereof but prior to the Expiration Datehereof; provided, however, that the Redemption Rights may not be exercised at any one time by any the Contributing Party with respect to less than 2,000 1,000 Series B C Preferred Units (or all the Series B C Preferred Units then owned by such the Contributing Party if such the Contributing Party owns less than 2,000 1,000 Series B C Preferred Units) or in the event that such exercise of Redemption Rights (or the assignment of Series B C Preferred Units or delivery of either the Cash Purchase Price or the Share Purchase Price with respect thereto) violates the terms of the Specified Partnership Agreement, the Certificate of Incorporation Agreement Provisions or applicable law. Once given, a Notice shall be irrevocable subject to the payment of the Purchase Price for the Series B C Preferred Units specified therein in accordance with the terms hereof.