Right of Optional Redemption Sample Clauses

Right of Optional Redemption. The Series A Preferred Units may not be redeemed prior to the fifth anniversary of the issuance date. On or after such date, the Partnership shall have the right to redeem the Series A Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 nor more than 60 days' written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder of Series A Preferred Units (the "Series A Redemption Price"); provided, however, that no redemption pursuant to this Section 4.5(e) will be permitted if the Series A Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i). If fewer than all of the outstanding Series A Preferred Units are to be redeemed, the Series A Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).
AutoNDA by SimpleDocs
Right of Optional Redemption. The ------------------- ---------------------------- Series H Preferred Units may not be redeemed prior to the fifth (5th) anniversary of the issuance date. On or after such date, the Partnership shall have the right to redeem the Series H Preferred Units, in whole or in part, at any time or from time to time, upon not less than thirty (30) nor more than sixty (60) days' written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holders of Series H Preferred Units (the "Redemption Price"); provided, however, ---------------- that no redemption pursuant to this Section 5 will be permitted if the Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Priority Return, whether or not declared, to the redemption date to the extent not previously distributed pursuant to Section 3(a). If fewer than all of the outstanding Series H Preferred Units are to be redeemed, the Series H Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).
Right of Optional Redemption. The Series A Preferred Units may not be redeemed prior to September 30, 2009. On or after such date, the Partnership shall have the right to redeem the Series A Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 nor more than 60 days’ written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the Holder of Series A Preferred Units (the “Redemption Price”); provided, however, that no redemption pursuant to this Section 16.4 will be permitted if the Redemption Price does not equal or exceed the original Capital Contribution of such Holder plus the cumulative Priority Return to the redemption date to the extent not previously distributed. If fewer than all of the outstanding Series A Preferred Units are to be redeemed, the Series A Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).
Right of Optional Redemption. Except as expressly provided herein, the Series B Preferred Partnership Units are not redeemable prior to May 18, 2016. On and after May 18, 2016, the Partnership, at its option and upon not less than 30 nor more than 60 days’ written notice, may redeem the Series B Preferred Partnership Units, in whole or in part, at any time or from time to time, for cash at a redemption price of $25.00 per share, plus an amount equal to all accrued and unpaid distributions thereon to the date fixed for redemption (except as provided in Section 5(c) below), without interest. If less than all of the outstanding Series B Preferred Partnership Units are to be redeemed, the Series B Preferred Partnership Units to be redeemed shall be selected pro rata (as nearly as may be practicable without creating fractional units) or by any other equitable method determined by the Partnership.
Right of Optional Redemption. Except as otherwise provided herein, the Series G Preferred Units may not be redeemed prior to the fifth (5th) anniversary of the issuance date. On or after such date, the Partnership shall have the right to redeem the Series G Preferred Units, in whole (and not in part), at any time, upon not less than 30 nor more than 60 days written notice, at a redemption price, payable in cash, equal to the Liquidation Preference (the “Series G Redemption Price”). The Redemption Right given to Limited Partners in Section 8.6 of the Partnership Agreement shall not be available to the holders of the Series G Preferred Units and all references to Limited Partners in said Section 8.6 (and related provisions of the Partnership Agreement) shall not include holders of the Series G Preferred Units.
Right of Optional Redemption. Any series of Senior Notes may be redeemed at the option of the Issuer, at any time, as a whole or in part, upon not less than 30 nor more than 60 days' notice by mail in accordance with Section 12.2, at a Redemption Price determined separately for the Securities of each such series equal to the greater of (i) 100% of the principal amount of the Securities to be redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate for such series plus 30 basis points, plus in each case accrued interest thereon, if any, to the Redemption Date. The Redemption Price calculated as aforesaid, shall be set forth in an Officers' Certificate delivered to the Trustee no later than two Business Days prior to the Redemption Date. Any notice of redemption given pursuant to Section 12.2 with respect to the foregoing redemption need not set forth the Redemption Price but need only set forth the manner of calculation thereof."
Right of Optional Redemption. The Company, at its option, may redeem some or all of the Class A Preferred Units at any time or from time to time, for cash at a redemption price (the “Redemption Price”) equal to $1,000.00 per unit plus all accrued and unpaid distributions thereon through and including the date fixed for redemption (except as provided in Section 1.5.3 below), plus a redemption premium per unit (each, a “Redemption Premium”) calculated as follows based on the date fixed for redemption: (1) until December 31, 2019, $100, and (2) thereafter, no Redemption Premium. If less than all of the outstanding Class A Preferred Units are to be redeemed, the Class A Preferred Units to be redeemed may be selected by any equitable method determined by the Company; provided, that such method does not result in the creation of fractional interests.
AutoNDA by SimpleDocs
Right of Optional Redemption. The Partnership, at its option, may redeem the Class Twelve Partnership Preferred Units, in whole or in part, at any time or from time to time, for cash at a redemption price (the “Redemption Price”) equal to $1,000 per Class Twelve Partnership Preferred Unit, plus all accumulated and unpaid distributions thereon to and including the date fixed for redemption (except as provided in Section 6(c) below), plus a redemption premium per Class Twelve Partnership Preferred Unit (each, a “Redemption Premium”) calculated as follows based on the date fixed for redemption (the “Redemption Date”): Period Redemption Premium Issuance date until and including December 31, 2022 $ 50 Thereafter 0 If less than all of the outstanding Class Twelve Partnership Preferred Units are to be redeemed, the Class Twelve Partnership Preferred Units to be redeemed shall be selected by any equitable method determined by the Partnership provided that such method does not result in fractional units.
Right of Optional Redemption. The Series B Preferred Units may not be redeemed prior to July 29, 2004. On or after such date, the Partnership shall have the right to redeem the Series B Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 nor more than 60 days' written notice, at a redemption price, payable in cash, equal to the original capital contribution of such holder plus the cumulative Series B Priority Return, whether or not declared, to the redemption date to the extent not previously distributed (the "Series B Redemption Price"), which such amount is intended to equal the Capital Account balance of such redeemed Series B Preferred Unit. If fewer than all of the outstanding Series B Preferred Units are to be redeemed, the Series B Preferred Units to be redeemed shall be selected PRO RATA (as nearly as practicable without creating fractional units).
Right of Optional Redemption. The outstanding shares of Series A Preferred may be redeemed at the option of the Corporation as a whole, but not in part, at any time, or from time to time, at a price per share (the “Series A Redemption Price”) equal to (1) 100% of the product of the Adjustment Number times the Average Market Value (as such term is hereinafter defined) of the Common Stock, plus (2) all accrued and unpaid dividends to and including the date fixed for redemption (the “Series A Redemption Date”). The “Average Market Value” is the average of the closing sale prices of a share of the Common Stock during the 30-day period immediately preceding the date before the redemption date quoted on the New York Stock Exchange, or, if the Common Stock is not quoted on the New York Stock Exchange, on the principal United States securities exchange registered under the Securities Exchange Act of 1934, as amended, on which the Common Stock is listed, or, if the Common Stock is not listed on any such exchange, the average of the closing bid quotations with respect to a share of Common Stock during such 30-day period on the Nasdaq National Market, or if no such quotations are available, the fair market value of a share of Common Stock as determined by the Board in good faith.
Time is Money Join Law Insider Premium to draft better contracts faster.