Common use of Acceptance of First Offer Clause in Contracts

Acceptance of First Offer. At the time during the first sixty days of the Offer Period, any Offeree who is a Partner may accept the First Offer as to that portion of the Offered Interest that corresponds to the ratio of Adjusted Capital Contributions to the total Adjusted Capital Contributions of all Offerees who are Partners, by giving written notice of such acceptance to the Seller and the General Partner. At any time after the sixtieth day of the Offer the General Partner may accept the First Offer as to any portion of the Offered Interest that has not been previously accepted by giving written notice of such acceptance to the Seller. In the event that Offerees (“Accepting Offerees”), in the aggregate, accept the First Offer with respect to all of the Offered Interest, the First Offer shall be deemed to be accepted. If Offerees do not accept the First Offer as to all of the Offered Interest during the Offer Period, the First Offer shall be deemed to be rejected in its entirety.

Acceptance of First Offer. At the any time during the first sixty days of the Offer Period, any Offeree who is a Partner may accept the First Offer as to that portion of the Offered Interest that corresponds to the ratio of Adjusted Capital Contributions to the total Adjusted Capital Contributions of all Offerees who are Partners, its Percentage Interest by giving written notice of such acceptance to the Seller Selling Partner and the General Partner. At any time after the sixtieth day of the Offer Period, the General Partner may accept the First Offer as to any portion of the Offered Interest that has not been previously accepted by giving written notice of such acceptance to the SellerSelling Partner. In the event that Offerees (“Accepting Offerees”), in the aggregate, accept the First Offer with respect to all of the Offered Interest, the First Offer shall be deemed to be accepted. If Offerees do not accept the First Offer as to all of the Offered Interest during the Offer Period, the First Offer shall be deemed to be rejected in its entirety.

Acceptance of First Offer. At the any time during the first sixty 60 days of the Offer Period, any Offeree who is a Partner an Interest Holder may accept the First Offer as to that portion of the Offered Interest that corresponds to the ratio of Adjusted Capital Contributions her Percentage Interest to the total Adjusted Capital Contributions of Percentage Interests held by all Offerees who are PartnersInterest Holders, by giving written notice of such acceptance to the Seller and the General PartnerPartners. At any time after the sixtieth 60th day of the Offer Period, the General Partner Partners may accept the First Offer as to any portion of the Offered Interest that has not been previously accepted by giving given written notice of such acceptance to the Seller. In the event that Offerees (“"Accepting Offerees”"), in the aggregate, accept the First Offer with respect to all of the Offered Interest, the First Offer shall be deemed to be accepted. If Offerees do not accept the First Offer as to all of the Offered Interest during the Offer Period, the First Offer shall be deemed to be rejected in its entirety.

Acceptance of First Offer. At the any time during the first sixty 60 days of the Offer Period, any Offeree who is a Partner an Interest Holder may accept the First Offer as to that portion of the Offered Interest that corresponds to the ratio of Adjusted Capital Contributions her Percentage Interest to the total Adjusted Capital Contributions of Percentage Interests held by all Offerees who are PartnersInterest Holders, by giving written notice of such acceptance to the Seller and the General PartnerPartners. At any time after the sixtieth 60th day of the Offer Period, the General Partner Partners may accept the First Offer as to any portion of the Offered Interest that has not been previously accepted by giving given written notice of such acceptance to the Seller. In the event that Offerees (“Accepting Offerees”), in the aggregate, accept the First Offer with respect to all of the Offered Interest, the First Offer shall be deemed to be accepted. If Offerees do not accept the First Offer as to all of the Offered Interest during the Offer Period, the First Offer shall be deemed to be rejected in its entirety.