Common use of Valid Tender Clause in Contracts

Valid Tender. In order for a tendering Limited Partner to participate in the Offer, its Units must be validly tendered and not withdrawn on or prior to the Expiration Date. To validly tender Units, a properly completed and duly executed Assignment of Partnership Interest and any other documents required by the Assignment of Partnership Interest must be received by the Depositary, at its address set forth on the back cover of this Offer to Purchase, on or prior to the Expiration Date. A Limited Partner may tender any or all of the Units owned by that Limited Partner; provided, however, that because of restrictions in the Limited Partnership Agreement, a partial tender of Units must be for a minimum of five Units (or, in the case of Limited Partners who hold Units in an IRA or ▇▇▇▇▇ Plan, at least two Units). Accordingly, any Limited Partner that owns five or fewer Units (or, in the case of Limited Partners who hold Units in an IRA or ▇▇▇▇▇ Plan, two Units), must tender all or none of its Units. Tenders of fractional Units will not be permitted, except by a Limited Partner who is tendering all of the Units owned by that Limited Partner. No alternative, conditional or contingent tenders will be accepted.

Appears in 2 contracts

Sources: Offer to Purchase (Cooper River Properties LLC), Offer to Purchase (Cooper River Properties LLC)

Valid Tender. In order for a tendering Limited Partner to participate in the Offer, its Units must be validly tendered and not withdrawn on or prior to the Expiration Date. To validly tender Units, a properly completed and duly executed Assignment of Partnership Interest and any other documents required by the Assignment of Partnership Interest must be received by the Depositary, at its address set forth on the back cover of this Offer to Purchase, on or prior to the Expiration Date. A Limited Partner may tender any or all of the Units owned by that Limited Partner; provided, however, that because of restrictions in the Limited Partnership Agreement, a partial tender of Units must be for a minimum of five Units one-quarter of a Unit (or, in the case of Limited Partners who hold Units in an IRA or ▇▇▇▇▇ Plan, at least two Unitsone-tenth of a Unit). Accordingly, any Limited Partner that owns five one-quarter or fewer Units (or, in the case of Limited Partners who hold Units in an IRA or ▇▇▇▇▇ Plan, two Unitsone-tenth of a Unit), must tender all or none of its Units. Tenders of fractional Units will not be permitted, except by a Limited Partner who is tendering all of the Units owned by that Limited Partner. No alternative, conditional or contingent tenders will be accepted.

Appears in 2 contracts

Sources: Offer to Purchase (Cooper River Properties LLC), Offer to Purchase (Cooper River Properties LLC)

Valid Tender. In order for a tendering Limited Partner to participate in the Offer, its Units must be validly tendered and not withdrawn on or prior to the Expiration Date. To validly tender Units, a properly completed and duly executed Assignment of Partnership Interest and any other documents required by the Assignment of Partnership Interest must be received by the Depositary, at its address set forth on the back cover of this Offer to Purchase, on or prior to the Expiration Date. A Limited Partner may tender any or all of the Units owned by that Limited Partner; provided, however, that because of restrictions in the Limited Partnership Agreement, a partial tender of Units must be for a minimum of five Units (or, in the case of other than Limited Partners who hold Units in an IRA or ▇▇▇▇▇ Plan, at least who must tender a minimum of two Units). Accordingly, any Limited Partner that owns five or fewer Units (or, in the case of for Limited Partners who hold Units in an IRA or ▇▇▇▇▇ Plan, two or fewer Units), ) must tender all or none of its Units. Tenders of fractional Units will not be permitted, except by a Limited Partner who is tendering all of the Units owned by that Limited Partner. No alternative, conditional or contingent tenders will be accepted.

Appears in 1 contract

Sources: Offer to Purchase (Madison River Properties LLC)

Valid Tender. In order for a tendering Limited Partner to participate in the Offer, its Units must be validly tendered and not withdrawn on or prior to the Expiration Date. To validly tender Units, a properly completed and duly executed Assignment of Partnership Interest and any other documents required by the Assignment of Partnership Interest must be received by the Depositary, at its address set forth on the back cover of this Offer to Purchase, on or prior to the Expiration Date. A Limited Partner may tender any or all of the Units owned by that Limited Partner; provided, however, that because of restrictions in the Limited Partnership Agreement, a partial tender of Units must be for a minimum of five Units (or, in the case of other than Limited Partners who hold Units in an IRA or ▇▇▇▇▇ Plan, at least two Units). Accordingly, any Limited Partner that owns five or fewer Units (or, in the case of other than Limited Partners who hold Units in an IRA or ▇▇▇▇▇ Plan, two Units), ) must tender all or none of its Units. Tenders of fractional Units will not be permitted, except by a Limited Partner who is tendering all of the Units owned by that Limited Partner. No alternative, conditional or contingent tenders will be accepted.

Appears in 1 contract

Sources: Offer to Purchase (Cooper River Properties LLC)

Valid Tender. In order for a tendering Limited Partner to participate in the Offer, its Units must be validly tendered and not withdrawn on or prior to the Expiration Date. To validly tender Units, a properly completed and duly executed Assignment of Partnership Interest and any other documents required by the Assignment of Partnership Interest must be received by the Depositary, at its address set forth on the back cover of this Offer to Purchase, on or prior to the Expiration Date. A Limited Partner may tender any or all of the Units owned by that Limited Partner; provided, however, that because of restrictions in the Limited Partnership Agreement, (i) a partial tender of Units must be for a minimum of five fifteen Units and (orii) in order for a partial tender to be valid, in after a sale of Units pursuant to the case Offer, the tendering Limited Partner must continue to hold a minimum of Limited Partners who hold Units in an IRA or ▇▇▇▇▇ Plan, at least two fifteen Units). Accordingly, any Limited Partner that owns five fifteen or fewer Units (or, in the case of Limited Partners who hold Units in an IRA or ▇▇▇▇▇ Plan, two Units), must tender all or none of its Units. Tenders of fractional Units will not be permitted, except by a Limited Partner who is tendering all of the Units owned by that Limited Partner. No alternative, conditional or contingent tenders will be accepted.

Appears in 1 contract

Sources: Offer to Purchase (Cooper River Properties LLC)

Valid Tender. In order for a tendering Limited Partner to participate in the Offer, its Units must be validly tendered and not withdrawn on or prior to the Expiration Date. To validly tender Units, a properly completed and duly executed Assignment of Partnership Interest and any other documents required by the Assignment of Partnership Interest must be received by the Depositary, at its address set forth on the back cover of this Offer to Purchase, on or prior to the Expiration Date. A Limited Partner may tender any or all of the Units owned by that Limited Partner; provided, however, that because of restrictions in the Limited Partnership Agreement, (i) a partial tender of Units must be for a minimum of five ten Units and (ii) in order for a partial tender to be valid, after a sale of Units pursuant to the Offer, the tendering Limited Partner must continue to hold a minimum of ten Units (or, in the case of Limited Partners who hold Units in an IRA other than IRAs or ▇▇▇▇▇ PlanPlans which purchased less than ten Units, at least two who must tender all or none of its Units). Accordingly, any Limited Partner that owns five ten or fewer Units (or, in the case of Limited Partners who hold Units in an IRA IRAs or ▇▇▇▇▇ PlanPlans which purchased less than ten Units, two such amount of Units), ) must tender all or none of its Units. Tenders of fractional Units will not be permitted, except by a Limited Partner who is tendering all of the Units owned by that Limited Partner. No alternative, conditional or contingent tenders will be accepted.

Appears in 1 contract

Sources: Offer to Purchase (Cooper River Properties LLC)