Required Redemption. The General Partner may, at any time, in its sole discretion, require any Limited Partner to withdraw entirely from the Partnership or to withdraw a portion of its Partner Capital Account, by giving not less than 15 days’ advance written notice to the Limited Partner thus designated. In addition, the General Partner without notice may require at any time, or retroactively, withdrawal of all or any portion of the Capital Account of any Limited Partner: (i) that the General Partner determines is a benefit plan investor (within the meaning of the Department of Labor Regulation (s) 2510.3-101(f)(2)) in order for the assets of the Partnership not to be treated as plan assets under ERISA; (ii) that made a misrepresentation to the General Partner in connection with its purchase of Units; or (iii) whose ownership of Units would result in the violation of any law or regulations applicable to the Partnership or a Partner. The Limited Partner thus designated shall withdraw from the Partnership or withdraw that portion of its Partner Capital Account specified in such notice, as the case may be, as of the Close of Business on such date as determined by the General Partner. The Limited Partner thus designated shall be deemed to have withdrawn from the Partnership or to have made a partial withdrawal from its Partner Capital Account, as the case may be, without further action on the part of said Limited Partner.
Required Redemption. Upon the occurrence of an Event of Default or on and after _____________, 2012, whichever comes first, the holder of any shares of Series A Preferred Stock may, at its option, cause the Corporation to redeem at any time all of the Series A Preferred Stock held by such holder at the Redemption Price, payable in cash, together with all accrued and unpaid dividends to and including the Redemption Date. Notwithstanding the provisions of this subsection (c), provided an Event of Default has not occurred, the Corporation shall have the right to extend the date during which a required redemption is not permitted under this subsection (c) for three separate additional five (5) year periods if the dividend rate on the Series A Preferred Stock is changed to the then market rate of comparable preferred stock (the "Market Rate") on the first day of each such additional five year period; provided, however, in no event shall the dividend be reduced to less than $2.00 per share of Series A Preferred Stock. The Market Rate shall be determined ten (10) days prior to the first Business Day of each such additional five (5) year period by mutual agreement of the holders of Series A Preferred Stock and the Corporation. In the event the holders of Series A Preferred Stock and the Corporation cannot agree on such determination prior to the first Business Day of such additional five (5) year period, the Market Rate shall be determined as of the first Business Day of each such additional five (5) year period as follows: (i) a majority of the holders of the Series A Preferred Stock then outstanding shall choose an investment banking firm of nationally recognized status and the Corporation shall choose an investment banking firm of nationally recognized status; (ii) the investment banking firms chosen by a majority of the holders of the Series A Preferred Stock then outstanding and the Corporation shall mutually choose a third investment banking firm of nationally recognized status (the "Independent Investment Banker"); (iii) the Independent Investment Banker shall then determine, in its sole discretion, the Market Rate and shall advise the holders of Series A Preferred Stock and the Corporation of its determination; and (iv) the fees of the Independent Investment Banker for making such determination shall be borne fifty percent (50%) by the holders of Series A Preferred Stock and fifty percent (50%) by the Corporation.
Required Redemption. On the stated or accelerated maturity of the Convertible Notes or the Notes, as applicable, the Company will pay the principal amount of the Convertible Notes or the Notes, as applicable, then outstanding together with all accrued and unpaid interest thereon. No redemption of less than all of the Convertible Notes or the Notes, as applicable, shall affect the obligation of the Company to make the redemption required by this sub-section.
Required Redemption. On the stated or accelerated maturity of the Notes, Borrower will pay the principal amount of the Notes then outstanding together with all accrued and unpaid interest thereon. No redemption of less than all of the Notes shall affect the obligation of Borrower to make the redemption required by this sub-Section.
Required Redemption. In accordance with the provisions of the Purchase Agreement and this Convertible Debenture, the Company may elect or be required under certain circumstances, to redeem in whole or in part, the remaining unpaid principal amount of this Convertible Debenture, for cash at a redemption price (the "Redemption Price") equal to (x) the number of shares of Common Stock into which this Convertible Debenture is then convertible, times (y) the average Closing Bid Price of Common Stock for the five (5) Trading Days as reported by Bloomberg L.P. immediately preceding the date that this Convertible Debenture is called for redemption, plus accrued and unpaid interest.
Required Redemption. Furthermore, except in cases where permitted under the terms of the Contacts, the Company shall not prevent Contract owners from allocating payments to a Fund that was otherwise available under the Contracts without first giving the Trust or the Underwriter 45 days notice of its intention to do so.
Required Redemption. At any time following April 21, 2015, Preferred Member has the right, exercisable upon thirty (30) days prior written notice (the “Redemption Right Notice”) to Sponsor Member to require that Sponsor Member redeem the Preferred Member’s Interest as if such date were the Mandatory Redemption Date on the date that is at least thirty (30) days following the date of the Redemption Right Notice (the “Redemption Right Date”). On the Redemption Right Date, the Manager shall cause the Company to immediately distribute to the Preferred Member an amount equal to the aggregate of (i) the Unreturned Preferred Capital, (ii) all accrued and unpaid Preferred Return, and (iii) all fees, expenses and other costs due under the Guarantees and Definitive Documents and (iv) all actual third party costs and expenses incurred by the Preferred Member in connection with such redemption, including, without limitation, any applicable transfer taxes. Preferred Member agrees to execute an assignment of Preferred Member’s entire Interest upon such redemption and the payment of any and all fees and payments due hereunder and under the Definitive Documents. From and after the redemption of the Preferred Member’s Interest hereunder and the payment of any and all fees and payments due hereunder and under the Guaranties, the Preferred Member shall be deemed to have resigned from the Company, shall cease to be a Member of the Company and shall have no further rights with respect to the Company, the management of the Company, any distributions made by the Company, or the Property. If the Company shall fail to redeem the entirety of the Preferred Member’s Interest on the Redemption Right Date it shall be a Change of Control Event entitling Preferred Member to all of its rights and remedies under Section 8.24 of this Agreement.
Required Redemption. Subject to the subordination provisions contained in Section 2.14 hereof and the restrictions contained in the Senior Loan Documents on the Maturity Date or accelerated maturity of the Notes (upon the acceleration of the Notes in accordance with Section 8.2 hereof), the Borrower will pay the principal amount of the Notes then outstanding together with all accrued and unpaid interest thereon. No redemption of less than all of the Notes shall affect the obligation of the Borrower to make the redemption required by this sub-section.
Required Redemption. 3 (b) Optional Redemptions With Premium ...................... 3 (c) Notice of Redemptions; Pro rata Redemptions............. 3 1.06. Payment on Non-Business ..................................... 3 1.07. Registration, etc ........................................... 3 1.08. Transfer and Exchange of Notes .............................. 4 1.09.
Required Redemption. On June 30, 2000 or accelerated maturity of the Notes, the Companies, jointly and severally, will pay the principal amount of the Notes then outstanding together with all accrued and unpaid interest then due thereon. No optional redemption of less than all of the Notes shall affect the obligation of the Companies to make the redemption required by this subsection.
