Exchange Right definition

Exchange Right has the meaning provided in Section 8.05(a) hereof.

Exchange Right has the meaning set forth in Section 2.1 hereof.

Exchange Right means the exchange right of a Limited Partner described in Section 8.6 and to be set forth in one or more Exchange Rights Agreements.

Examples of Exchange Right in a sentence

• The Exchange Right shall be and remain vested in and exercisable by the Trustee.

• A Limited Partner may not exercise the Exchange Right for less than 1,000 Partnership Units or, if such Limited Partner holds less than 1,000 Partnership Units, all of the Partnership Units held by such Partner.

• To the extent that no instructions are received from a Beneficiary with respect to the Exchange Right, the Trustee shall not exercise or permit the exercise of the Exchange Right.

• In so refusing, the Trustee may elect not to exercise any Voting Rights, Exchange Right or Automatic Exchange Rights subject to such conflicting claims or demands and, in so doing, the Trustee shall not be or become liable to any person on account of such election or its failure or refusal to comply with any such conflicting claims or demands.

• Nothing contained in this Section 2.2 shall imply any right of the Company to require any Limited Partner to exercise the Exchange Right afforded to such Limited Partner pursuant to Section 2.1.

More Definitions of Exchange Right

Exchange Right has the meaning ascribed thereto in section 5.1.

Exchange Right has the meaning set forth in the Exchange Rights Agreements.

Exchange Right has the meaning ascribed thereto in Section 5.1;

Exchange Right has the meaning provided in Section 8.4(a) hereof.

Exchange Right has the meaning assigned to such term in Section 6.1.3;

Exchange Right shall have the meaning set forth in the recitals.

Exchange Right has the meaning assigned in Section 3.1;