Common use of Redemption Right Clause in Contracts

Redemption Right. A. Subject to Sections 8.6.B and 8.6.C hereof, on or after the date one (1) year after the closing of the initial public offering of REIT Shares by the Company, each Limited Partner (other than the Company) shall have the right (the "Redemption Right") to require the Partnership to redeem on a Specified Redemption Date all or a portion of the Partnership Units held by such Limited Partner at a redemption price per Unit equal to and in the form of the Cash Amount to be paid by the Partnership. The Redemption Right shall be exercised pursuant to a Notice of Redemption delivered to the Partnership (with a copy to the Company) by the Limited Partner who is exercising the redemption right (the "Redeeming Partner"); provided, however, that the Partnership shall not be obligated to satisfy such Redemption Right if the Company elects to purchase the Partnership Units subject to the Notice of Redemption pursuant to Section 8.6.B. A Limited Partner may not exercise the Redemption Right for less than one thousand (1,000) Partnership Units or, if such Limited Partner holds less than one thousand (1,000) Partnership Units, all of the Partnership Units held by such Partner. The Redeeming Partner shall have no right, with respect to any Partnership Units so redeemed, to receive any distributions paid on or after the Specified Redemption Date. The Assignee of any Limited Partner may exercise the rights of such Limited Partner pursuant to this Section 8.6, and such Limited Partner shall be deemed to have assigned such rights to such Assignee and shall be bound by the exercise of such rights by such Assignee. In connection with any exercise of such rights by an Assignee on behalf of a Limited Partner, the Cash Amount shall be paid by the Partnership directly to such Assignee and not to such Limited Partner.

Redemption Right. A. Subject to Sections 8.6.B and 8.6.C hereof, on or after the date one (1) year after the closing of the initial public offering of REIT Shares by the Company, each Each Limited Partner (other than the Company) shall have the right (the "“Redemption Right"”) (subject to the terms and conditions set forth herein and in any other such agreement, as applicable) to require the Partnership to redeem on a Specified Redemption Date all or a portion of the Partnership Common Units of any Class held by such Limited Partner at a redemption price per Unit equal (such Common Units being hereafter referred to and as “Tendered Units”) in the form of exchange for the Cash Amount Amount; provided, that the terms of such Common Units do not provide that such Common Units are not entitled to the Redemption Right. Unless otherwise expressly provided in this Agreement or in a separate agreement entered into between the Partnership and the Holders of such Common Units, all Common Units, including Wrap Class Units, Advisor Class Units and Institutional Class Units, shall be paid by entitled to the PartnershipRedemption Right. The Tendering Partner (as defined below) shall have no right, with respect to any Common Units of any Class so redeemed, to receive any distributions with a Partnership Record Date on or after the Specified Redemption Date. Any Redemption Right shall be exercised pursuant to a Notice of Redemption delivered to the Partnership (with a copy to the Company) General Partner by the Limited Partner who is exercising the redemption right (the "Redeeming “Tendering Partner"”); provided, however, that the Partnership . The Cash Amount shall not be obligated to satisfy such Redemption Right if the Company elects to purchase the Partnership Units subject to payable in accordance with instructions set forth in the Notice of Redemption pursuant to Section 8.6.B. A Limited the Tendering Partner may not exercise the Redemption Right for less than one thousand (1,000) Partnership Units or, if such Limited Partner holds less than one thousand (1,000) Partnership Units, all of the Partnership Units held by such Partner. The Redeeming Partner shall have no right, with respect to any Partnership Units so redeemed, to receive any distributions paid on or after the Specified Redemption Date. The Assignee of any Limited Partner may exercise the rights of such Limited Partner pursuant to this Section 8.6, and such Limited Partner shall be deemed to have assigned such rights to such Assignee and shall be bound by the exercise of such rights by such Assignee. In connection with any exercise of such rights by an Assignee on behalf of a Limited Partner, the Cash Amount shall be paid by the Partnership directly to such Assignee and not to such Limited Partner.

Redemption Right. A. Subject to Sections 8.6.B and 8.6.C hereof, on or after the date one (1) year after the closing provisions of the initial public offering of REIT Shares by the Companythis Section 8.6., each Limited Partner (Partner, other than the Company) any Post Partner, shall have the right (the "Redemption Right") to require the Partnership to redeem on a Specified Redemption Date all or a portion of the Partnership Units held by such Limited Partner at a redemption price per Unit equal to and in the form of the Cash Redemption Amount to be paid by the Partnership. The Redemption Right shall be exercised pursuant to a Notice of Redemption delivered to the Partnership (with a copy to the Company) General Partner by the Limited Partner who is exercising the redemption right (the "Redeeming Partner"); provided, however, that the Partnership shall not be obligated to satisfy such Redemption Right if the Company elects to purchase the Partnership Units subject to the Notice of Redemption pursuant to Section 8.6.B. . A Limited Partner may not exercise the Redemption Right for less than one thousand (1,000) Partnership Units or, if such Limited Partner holds less than one thousand (1,000) Partnership Units, all of the Partnership Units held by such Limited Partner. The Redeeming Partner shall have no right, with respect to any Partnership Units so redeemed, to receive any distributions paid on or after the Specified Redemption Date. The Assignee of any Limited Partner may exercise the rights of such Limited Partner pursuant to this Section 8.6, and such Limited Partner shall be deemed to have assigned such rights to such Assignee and shall be bound by the exercise of such rights by such Limited Partner's Assignee. In connection with any exercise of such rights by an such Assignee on behalf of a such Limited Partner, the Cash Redemption Amount shall be paid by the Partnership directly to such Assignee and not to such Limited Partner.

Redemption Right. A. Subject to Sections 8.6.B 4.2.C.3 and 8.6.C hereof8.6.C, on or after the date one (1) year after the closing of the initial public offering of REIT Shares by the CompanyGeneral Partner, each Limited Partner (Partner, other than the Company) General Partner, shall have the right (the "Redemption Right") to require the Partnership to redeem on a Specified Redemption Date all or a portion of the Partnership Class A Units held by such Limited Partner at a redemption price per Unit equal to and in the form of the Cash Amount to be paid by the Partnership. The Redemption Right shall be exercised pursuant to a Notice of Redemption delivered to the Partnership (with a copy to the CompanyGeneral Partner) by the Limited Partner who is exercising the redemption right (the "Redeeming Partner"); provided, however, that the Partnership shall not be obligated to satisfy such Redemption Right if the Company elects to purchase the Partnership Units subject to the Notice of Redemption pursuant to Section 8.6.B. . A Limited Partner may not exercise the Redemption Right for less than one thousand (1,000) Partnership Class A Units or, if such Limited Partner holds less than one thousand (1,000) Partnership Class A Units, all of the Partnership Class A Units held by such Limited Partner. The Redeeming Partner shall have no right, with respect to any Partnership Units so redeemed, to receive any distributions paid on or after the Specified Redemption Date. The Assignee of any Limited Partner may exercise the rights of such Limited Partner pursuant to this Section 8.6, and such Limited Partner shall be deemed to have assigned such rights to such Assignee and shall be bound by the exercise of such rights by such Limited Partner's Assignee. In connection with any exercise of such rights by an such Assignee on behalf of a such Limited Partner, the Cash Amount shall be paid by the Partnership directly to such Assignee and not to such Limited Partner.

Redemption Right. A. Subject to Sections 8.6.B and 8.6.C hereof, on or after the date one (1) year after the closing of the initial public offering of REIT Shares by the Company8.6.C, each Limited Partner (Partner, other than the Company) General Partner or a Subsidiary of the General Partner, shall have the right (the "Redemption Right") to require the Partnership to redeem on a Specified Redemption Date all or a portion of the Partnership Units held by such Limited Partner at a redemption price per Unit equal to and in the form of the Cash Amount to be paid by the Partnership. The Redemption Right shall be exercised pursuant to a Notice of Redemption delivered to the Partnership (with a copy to the CompanyGeneral Partner) by the Limited Partner who is exercising the redemption right (the "Redeeming Partner"); provided, however, that the Partnership shall not be obligated to satisfy such Redemption Right if the Company General Partner elects to purchase the Partnership Units subject to the Notice of Redemption pursuant to Section 8.6.B. A Limited Partner may not exercise the Redemption Right for less than one thousand the lesser of (1,000i) all of the Partnership Units or, if held by such Limited Partner holds less than one thousand or (1,000ii) Partnership Units, all 1,000 of the Partnership Units held by such Partner. The Redeeming Partner shall have no right, with respect to any Partnership Units so redeemed, to receive any Partnership distributions paid on or after the Specified Redemption Date. The Assignee of any Limited Partner may exercise the rights of such Limited Partner pursuant to this Section 8.6, and such Limited Partner shall be deemed to have assigned such rights to such Assignee and shall be bound by the exercise of such rights by such Assignee. In connection with any exercise of such rights by an such Assignee on behalf of a such Limited Partner, the Cash Amount shall be paid by the Partnership directly to such Assignee and not to such Limited Partner.

Redemption Right. A. Subject to Sections 8.6.B and 8.6.C hereof8.6.C, on or after the date one (1) year after the closing of the initial public offering of REIT Shares by the CompanyGeneral Partner, each Limited Partner (Partner, other than the Company) General Partner, shall have the right (the "“Redemption Right"”) to require the Partnership to redeem on a Specified Redemption Date all or a portion of the Partnership Units held by such Limited Partner at a redemption price per Unit equal to and in the form of the Cash Amount to be paid by the Partnership. The Redemption Right shall be exercised pursuant to a Notice of Redemption delivered to the Partnership (with a copy to the CompanyGeneral Partner) by the Limited Partner who is exercising the redemption right (the "“Redeeming Partner"”); provided, however, that the Partnership shall not be obligated to satisfy such Redemption Right if the Company General Partner elects to purchase the Partnership Units subject to the Notice of Redemption pursuant to Section 8.6.B. A Limited Partner may not exercise the Redemption Right for less than one thousand (1,000) Partnership Units or, if such Limited Partner holds less than one thousand (1,000) Partnership Units, all of the Partnership Units held by such Partner. The Redeeming Partner shall have no right, with respect to any Partnership Units so redeemed, to receive any distributions paid on or after the Specified Redemption Date. The Assignee of any Limited Partner may exercise the rights of such Limited Partner pursuant to this Section 8.6, and such Limited Partner shall be deemed to have assigned such rights to such Assignee and shall be bound by the exercise of such rights by such Assignee. In connection with any exercise of such rights by an such Assignee on behalf of a such Limited Partner, the Cash Amount shall be paid by the Partnership directly to such Assignee and not to such Limited Partner.

Redemption Right. A. Subject to Sections 8.6.B and 8.6.C hereof, on or after the date one (1) year after the closing of the initial public offering of REIT Shares by the CompanyJune 11, l996, each Limited Partner (other than the Company) shall have the right (the "Redemption Right") to require the Partnership to redeem on a Specified Redemption Date all or a portion of the Partnership Units held by such Limited Partner at a redemption price per Unit equal to and in the form of the Cash Amount to be paid by the Partnership. The Redemption Right shall be exercised pursuant to a Notice of Redemption delivered to the Partnership (with a copy to the Company) by the Limited Partner who is exercising the redemption right (the "Redeeming Partner"); provided, however, that the Partnership shall not be obligated to satisfy such Redemption Right if the Company elects to purchase the Partnership Units subject to the Notice of Redemption pursuant to Section 8.6.B. A Limited Partner may not exercise the Redemption Right for less than one thousand (1,000) Partnership Units or, if such Limited Partner holds less than one thousand (1,000) Partnership Units, all of the Partnership Units held by such Partner. The Redeeming Partner shall have no right, with respect to any Partnership Units so redeemed, to receive any distributions paid on or after the Specified Redemption Date. The Assignee of any Limited Partner may exercise the rights of such Limited Partner pursuant to this Section 8.6, and such Limited Partner shall be deemed to have assigned such rights to such Assignee and shall be bound by the exercise of such rights by such Assignee. In connection with any exercise of such rights by an Assignee on behalf of a Limited Partner, the Cash Amount shall be paid by the Partnership directly to such Assignee and not to such Limited Partner.

Redemption Right. A. Subject to Sections 8.6.B 4.2.C.3 and 8.6.C hereof8.6.C, on or after the date one (1) year after the closing of the initial public offering of REIT Shares by the CompanyGeneral Partner, each Limited Partner (Partner, other than the Company) General Partner, shall have the right (the "“Redemption Right"”) to require the Partnership to redeem on a Specified Redemption Date all or a portion of the Partnership Class A Units held by such Limited Partner at a redemption price per Unit equal to and in the form of the Cash Amount to be paid by the Partnership. The Redemption Right shall be exercised pursuant to a Notice of Redemption delivered to the Partnership (with a copy to the CompanyGeneral Partner) by the Limited Partner who is exercising the redemption right (the "“Redeeming Partner"”); provided, however, that the Partnership shall not be obligated to satisfy such Redemption Right if the Company elects to purchase the Partnership Units subject to the Notice of Redemption pursuant to Section 8.6.B. . A Limited Partner may not exercise the Redemption Right for less than one thousand (1,000) Partnership Class A Units or, if such Limited Partner holds less than one thousand (1,000) Partnership Class A Units, all of the Partnership Class A Units held by such Limited Partner. The Redeeming Partner shall have no right, with respect to any Partnership Units so redeemed, to receive any distributions paid on or after the Specified Redemption Date. The Assignee of any Limited Partner may exercise the rights of such Limited Partner pursuant to this Section 8.6, and such Limited Partner shall be deemed to have assigned such rights to such Assignee and shall be bound by the exercise of such rights by such Limited Partner’s Assignee. In connection with any exercise of such rights by an such Assignee on behalf of a such Limited Partner, the Cash Amount shall be paid by the Partnership directly to such Assignee and not to such Limited Partner.

Redemption Right. A. Subject to Sections 8.6.B and 8.6.C hereof, on or after the that date one which is twelve (112) year months after the closing of the initial public offering of REIT Shares by the CompanyEffective Date, each Limited Partner (other than the Company) shall have the right (the "Redemption Right") to require the Partnership to redeem on a Specified Redemption Date all or a portion of the Partnership Units held by such Limited Partner at a redemption price per Unit equal to and in the form of the Cash Amount to be paid by the Partnership. The Redemption Right shall be exercised pursuant to a Notice of Redemption delivered to the Partnership (with a copy to the General Partner and the Company) by the Limited Partner who is exercising the redemption right (the "Redeeming Partner"); provided, however, that the Partnership shall not be obligated to satisfy such Redemption Right if the General Partner or the Company elects to purchase the Partnership Units subject to the Notice of Redemption pursuant to Section 8.6.B. A Limited Partner may not exercise the Redemption Right for less than one thousand (1,000) Partnership Units or, if such Limited Partner holds less than one thousand (1,000) Partnership Units, all of the Partnership Units held by such Partner. The Redeeming Partner shall have no right, with respect to any Partnership Units so redeemed, to receive any distributions paid on or after the Specified Redemption Date. The Assignee of any Limited Partner may exercise the rights of such Limited Partner pursuant to this Section 8.6, and such Limited Partner shall be deemed to have assigned such rights to such Assignee and shall be bound by the exercise of such rights by such Assignee. In connection with any exercise of such rights by an Assignee on behalf of a Limited Partner, the Cash Amount shall be paid by the Partnership directly to such Assignee and not to such Limited Partner.

Redemption Right. A. Subject to Sections 8.6.B and 8.6.C hereof, on or after the date one (1) year after the closing of the initial public offering of REIT Shares by the CompanySection 8.6.B, each Limited Partner (other than the Company) shall have the right (the "Redemption Right") ), on or after the first anniversary of the date on which such Limited Partner acquires its Partnership Units (or such later or earlier date as shall be determined in the sole and absolute discretion of the General Partner at the time of issuance of the Partnership Units), to require the Partnership to redeem on a Specified Redemption Date all or a portion of the Partnership Units held by such Limited Partner at a redemption price per Unit equal to and in the form of the Cash Amount to be paid by the Partnership. The Redemption Right shall be exercised pursuant to a Notice of Redemption delivered to the Partnership (with a copy to the CompanyGeneral Partner) by the Limited Partner who is exercising the redemption right (the "Redeeming Partner"); provided, however, that the Partnership shall not be obligated to satisfy such Redemption Right if the Company elects to purchase the Partnership Units subject to the Notice of Redemption pursuant to Section 8.6.B. . A Limited Partner may not exercise the Redemption Right for less than one thousand (1,000) Partnership Units Units, or, if such Limited Partner holds less than one thousand (1,000) Partnership Units, all of the Partnership Units held by such Partner. The Redeeming Partner shall have no right, with respect to any Partnership Units so redeemed, to receive any distributions paid on or after the Specified Redemption Date. The Assignee of any Limited Partner may exercise the rights of such Limited Partner pursuant to this Section 8.6, and such Limited Partner shall be deemed to have assigned such rights to such Assignee and shall be bound by the exercise of such rights by such Limited Partner's Assignee. In connection with any exercise of such rights by an such Assignee on behalf of a such Limited Partner, the Cash Amount shall be paid by the Partnership directly to such Assignee and not to such Limited Partner. Neither the Redeeming Partner nor any Assignee of any Limited Partner shall have any right, with respect to any Partnership Units so redeemed, to receive any distributions paid after the Specified Redemption Date.

Redemption Right. A. Subject to Sections 8.6.B and 8.6.C hereof, on or after the date one (1) year after the closing of the initial public offering of REIT Shares by the CompanySection 8.6C, each Limited Partner (Partner, other than the Company) General Partner, shall have the right (the "“Redemption Right"”) to require the Partnership to redeem on a Specified Redemption Date all or a portion of the Partnership Common Units held by such Limited Partner at a redemption price per Unit equal to and in the form of the Cash Amount to be paid by the Partnership. The Redemption Right shall be exercised pursuant to a Notice of Redemption delivered to the Partnership (with a copy to the CompanyGeneral Partner) by the Limited Partner who is exercising the redemption right (the "“Redeeming Partner"”); provided, however, that the Partnership shall not be obligated to satisfy such Redemption Right if the Company elects to purchase the Partnership Units subject to the Notice of Redemption pursuant to Section 8.6.B. . A Limited Partner may not exercise the Redemption Right for less than one thousand (1,000) Partnership Common Units or, if such Limited Partner holds less than one thousand (1,000) Partnership Common Units, all of the Partnership Common Units held by such Limited Partner. The Redeeming Partner shall have no right, with respect to any Partnership Units so redeemed, to receive any distributions paid on or after the Specified Redemption Date. The Assignee of any Limited Partner may exercise the rights of such Limited Partner pursuant to this Section 8.6, and such Limited Partner shall be deemed to have assigned such rights to such Assignee and shall be bound by the exercise of such rights by such Limited Partner’s Assignee. In connection with any exercise of such rights by an such Assignee on behalf of a such Limited Partner, the Cash Amount shall be paid by the Partnership directly to such Assignee and not to such Limited Partner.

Redemption Right. A. Subject to Sections 8.6.B 8.06.B and 8.6.C 8.06.C hereof, on or after the date one (1) year after the closing of the initial public offering of REIT Shares by the CompanyEffective Date, each Limited Partner (other than the Company) that is a Common Unitholder shall have the right (the "“Redemption Right"”) to require the Partnership to redeem on a Specified Redemption Date all or a portion of the Partnership Common Units held by such Limited Partner at a redemption price per Common Unit equal to and in the form of the Cash Amount to be paid by the Partnership. The Redemption Right shall be exercised pursuant to a Notice of Redemption delivered to the Partnership (with a copy to the Company) by the Limited Partner who is exercising the redemption right (the "“Redeeming Partner"”); provided, however, that the Partnership shall not be obligated to satisfy such Redemption Right if the Company elects to purchase the Partnership Common Units subject to the Notice of Redemption pursuant to Section 8.6.B. 8.06.B. A Limited Partner may not exercise the Redemption Right for less than one thousand (1,000) Partnership Common Units or, if such Limited Partner holds less than one thousand (1,000) Partnership Common Units, all of the Partnership Common Units held by such Partner. The Redeeming Partner shall have no right, with respect to any Partnership Common Units so redeemed, to receive any distributions paid on or after the Specified Redemption Date. The Assignee of any Limited Partner may exercise the rights of such Limited Partner pursuant to this Section 8.68.06, and such Limited Partner shall be deemed to have assigned such rights to such Assignee and shall be bound by the exercise of such rights by such Assignee. In connection with any exercise of such rights by an Assignee on behalf of a Limited Partner, the Cash Amount shall be paid by the Partnership directly to such Assignee and not to such Limited Partner.

Redemption Right. A. Subject to Sections 8.6.B 4.2.C.3 and 8.6.C hereof8.6.C, on or after the date one (1) year after the closing of the initial public offering of REIT Shares by the CompanyGeneral Partner, each Limited Partner (Partner, other than the Company) General Partner, shall have the right (the "“Redemption Right"”) to require the Partnership to redeem on a Specified Redemption Date all or a portion of the Partnership Class A Units held by such Limited Partner at a redemption price per Unit equal to and in the form of the Cash Amount to be paid by the Partnership. The Redemption Right shall be exercised pursuant to a Notice of Redemption delivered to the Partnership (with a copy to the CompanyGeneral Partner) by the Limited Partner who is exercising the redemption right (the "“Redeeming Partner"”); provided, however, that the Partnership shall not be obligated to satisfy such Redemption Right if the Company elects to purchase the Partnership Units subject to the Notice of Redemption pursuant to Section 8.6.B. . A Limited Partner may not exercise the Redemption Right for less than one thousand (1,000) Partnership Class A Units or, if such Limited Partner holds less than one thousand (1,000) Partnership Class A Units, all of the Partnership Class A Units held by such Limited Partner. The Redeeming Partner shall have no right, with respect to any Partnership Units so redeemed, to receive any distributions paid on or after the Specified Redemption Date. The Assignee of any Limited Partner may exercise the rights of such Limited Partner pursuant to this Section 8.6, and such Limited Partner shall be deemed to have assigned such rights to such Assignee and shall be bound by the exercise of such rights by such Limited Partner's Assignee. In connection with any exercise of such rights by an such Assignee on behalf of a such Limited Partner, the Cash Amount shall be paid by the Partnership directly to such Assignee and not to such Limited Partner.

Redemption Right. A. Subject to Sections 8.6.B 3.2.B and 8.6.C hereof3.2.C, on or after the date one (1) year after the closing of the initial public offering of REIT Shares by the Companythis Agreement, each Limited Partner (Partner, other than the Company) General Partner, shall have the right (the "Redemption Right") to require the Partnership to redeem on a Specified Redemption Date all or a portion of the Partnership Units held by such Limited Partner at a redemption price per Unit for an aggregate amount equal to and in the form of the Cash Amount to Amount, which shall be paid by the Partnership. The Redemption Right shall be exercised pursuant to a Notice of Redemption delivered to the Partnership (with a copy to the CompanyGeneral Partner) by the Limited Partner who is exercising the redemption right (the "Redeeming Partner"); provided, however, that the Partnership shall not be obligated to satisfy such Redemption Right if the Company General Partner elects to purchase the Partnership Units subject to the Notice of Redemption pursuant to Section 8.6.B. A Limited Partner may not exercise the Redemption Right for less than one thousand (1,000) Partnership Units or, if such Limited Partner holds less than one thousand (1,000) Partnership Units, all 3.2.B. Effective as of the Partnership Units held by such Partner. The Specified Redemption Date, the Redeeming Partner shall have no right, not receive any dividends or distributions with respect to any Partnership Units so redeemed, to receive any distributions paid on or after the Specified Redemption Date. The Assignee Transferee of any Limited Partner may exercise the rights of such Limited Partner pursuant to this Section 8.63.2, and such Limited Partner shall be deemed to have assigned such rights to such Assignee Transferee and shall be bound by the exercise of such rights by such AssigneeTransferee. In connection with any exercise of such rights by an Assignee such Transferee on behalf of a such Limited Partner, the Cash Amount shall be paid by the Partnership directly to such Assignee Transferee and not to such Limited Partner.

Redemption Right. A. (a) Subject to Sections 8.6.B Section 8.04(c) and 8.6.C hereofthe provisions of any agreement between the Partnership and one or more Limited Partners, beginning on or the date that is twelve months after the date one (1) year after the closing of the initial public offering issuance of REIT Shares by the Companyany Common Units, each Limited Partner (other than the CompanyReven REIT or any Subsidiary of Reven REIT) shall have the right (the "“Redemption Right"”) to require the Partnership to redeem on a Specified Redemption Date all or a portion of the Partnership Units held by such Limited Partner Partner’s Common Units at a redemption price per Unit equal to and in the form of the Cash Amount to Amount. Notwithstanding the preceding sentence, Common Units issuable upon the conversion of LTIP Units may be paid by the Partnershipredeemed immediately following such conversion as provided in Section 4.05(b). The Redemption Right shall be exercised pursuant to a Notice of Redemption in the form attached hereto as Exhibit B delivered to the Partnership (with a copy to the CompanyReven REIT) by the Limited Partner who is exercising the redemption right Redemption Right (the "“Redeeming Limited Partner"”); provided, however, that and such notice shall be irrevocable unless otherwise agreed upon by the Partnership shall not be obligated to satisfy such Redemption Right if the Company elects to purchase the Partnership Units subject to the General Partner. No Limited Partner may deliver more than one Notice of Redemption pursuant to Section 8.6.B. during each calendar quarter unless otherwise agreed upon by the General Partner. A Limited Partner may not exercise the Redemption Right for less than one thousand (1,000) Partnership Common Units or, if such Limited Partner holds less than one thousand (1,000) Partnership Common Units, all of the Partnership Common Units held by such Limited Partner. The Redeeming Limited Partner shall have no right, with respect to any Partnership Common Units so redeemed, to receive any distributions distribution paid with respect to Common Units if the record date for such distribution is on or after the Specified Redemption Date. The Assignee of any Limited Partner may exercise the rights of such Limited Partner pursuant to this Section 8.6, and such Limited Partner shall be deemed to have assigned such rights to such Assignee and shall be bound by the exercise of such rights by such Assignee. In connection with any exercise of such rights by an Assignee on behalf of a Limited Partner, the Cash Amount shall be paid by the Partnership directly to such Assignee and not to such Limited Partner.

Redemption Right. A. (a) Subject to Sections 8.6.B the provisions of this Section 8.05 and 8.6.C hereof, on the terms of any agreements between the Partnership and one or after the date one (1) year after the closing of the initial public offering of REIT Shares by the Companymore Limited Partners, each Limited Partner (other than the CompanySpecial Limited Partner, the General Partner or any wholly owned Subsidiaries of the General Partner or the Partnership Units purchased by the Initial Limited Partner) shall have the right (the "Redemption Right") to require the Partnership to redeem on a the Specified Redemption Date all or a portion of the Partnership Units held by such Limited Partner at a redemption price per Unit equal to and in the form of the Cash Amount to be paid by the Partnership. The Redemption Right shall be exercised pursuant to a Notice of Redemption delivered to the Partnership (with a copy to the CompanyGeneral Partner) by the Limited Partner who is exercising the redemption right Redemption Right (the "Redeeming Partner"); provided, however, that the Partnership shall not be obligated to satisfy such Redemption Right if the Company General Partner elects to purchase the Partnership Units subject to the Notice of Redemption pursuant to Section 8.6.B. 8.05(b); and provided, further, that no Limited Partner may deliver more than two Notices of Redemption during each calendar year. A Limited Partner may not exercise the Redemption Right for less than one thousand (1,000) 1,000 Partnership Units or, if such Limited Partner holds less than one thousand (1,000) 1,000 Partnership Units, all of the Partnership Units held by such Partner. The Redeeming Partner shall have no right, with respect to any Partnership Units so redeemed, to receive any distributions distribution paid with respect to Partnership Units if the Partnership Record Date for such distribution is on or after the Specified Redemption Date. The Assignee of any Limited Partner may exercise the rights of such Limited Partner pursuant to this Section 8.6, and such Limited Partner shall be deemed to have assigned such rights to such Assignee and shall be bound by the exercise of such rights by such Assignee. In connection with any exercise of such rights by an Assignee on behalf of a Limited Partner, the Cash Amount shall be paid by the Partnership directly to such Assignee and not to such Limited Partner.