Twelve-Month Period definition
Examples of Twelve-Month Period in a sentence
The Multipliers with respect to each Index Security shall remain constant for the Twelve-Month Period that such Index Security is part of the 10 Uncommon Values Index unless adjusted for certain extraordinary corporate events as described below.
After the applicable Twelve-Month Period, a Qualifying Party shall have the right (subject to the terms and conditions set forth herein) to require the Partnership to redeem all or a portion of the Common Units held by such Tendering Party (Common Units that have in fact been tendered for redemption being hereafter referred to as “Tendered Units”) in exchange (a “Redemption”) for the Cash Amount payable on the Specified Redemption Date.
The Calculation Agent shall also be responsible for (a) the determination of the Index Level on each Calculation Date, (b) the determination of the Rollover Closing Level of the 10 Uncommon Values Index for each Twelve-Month Period, (c) determining if any adjustments to the 10 Uncommon Values Index and/or the Multipliers should be made and (d) whether a Market Disruption Event has occurred.
Prior to the end of the Twelve-Month Period applicable to any Partnership Interest and except as provided below and in Section 11.1.C hereof, no Limited Partner shall Transfer all or any portion of such Partnership Interest to any transferee without the consent of the General Partner.
The Partnership may, in the Managing General Partner’s sole and absolute discretion, redeem Tendered Units at the request of the Holder prior to the end of the applicable Twelve-Month Period (subject to the terms and conditions set forth herein) (a “Special Redemption”); provided, however, that the Managing General Partner first receives a legal opinion to the same effect as the legal opinion described in Section 15.1.G(4) of this Agreement.