Applicable Redemption Price Sample Clauses

Applicable Redemption Price. The redemption price for a Limited Partner’s Units (the “Applicable Redemption Price”) generally will depend on when the Limited Partner presents his Units for redemption and shall be determined as set forth below. If a Limited Partner presents his Units for redemption: (i) during the offering period for the Units, the redemption price for one Unit shall equal the net asset value for one redeemed Unit at the time the redemption request is received, as that value is determined by the General Partner in its sole discretion; (ii) during the Partnership’s operating period, the redemption price for one Unit shall equal the initial investment amount the Limited Partner paid to the Partnership for one redeemed Unit, less all distributions of Distributable Cash from the Partnership to the Limited Partner on account of one redeemed Unit before and on the date of the redemption, other than the payment of the redemption price, and less all Organization and Offering Expenses charged to the Limited Partner on account of one redeemed Unit, if any; or (iii) during the Partnership’s liquidation period, the redemption price for one Unit shall equal the equity for one Unit as set forth on the Partnership’s latest balance sheet before the redemption request, which may be unaudited, less 100% of any distributions made by the Partnership to the Limited Partner on account of one redeemed Unit since the date of the balance sheet and up to and including the date of the redemption, other than the payment of the redemption price. However, if the Units of a deceased Limited Partner are presented to the Partnership for redemption at any time during the Partnership’s term, the redemption price for one Unit shall equal the initial investment amount the deceased Limited Partner paid to the Partnership for one redeemed Unit, less all distributions from the Partnership to the Limited Partner on account of one redeemed Unit before and on the date of the redemption, other than the payment of the redemption price, but without deduction for any Organization and Offering Expenses charged to the deceased Limited Partner on account of one redeemed Unit. No portion of any redemption price for the Units shall be allocated to the Partnership’s name or goodwill.

Applicable Redemption Price. The Applicable Redemption Price shall be amended as follows: • From June 23, 2026 until the later of (x) June 22, 2027 and (y) the date that Wolfspeed has satisfied its obligations under the new mandatory offer to purchase provision set forth below, 109.875% of the principal amount thereof; • From the later of (x) June 23, 2027 and (y) the date that Wolfspeed has satisfied its obligations under the new mandatory offer to purchase provision set forth below until June 22, 2028, 105.0% of the principal amount thereof; • From June 23, 2028 until June 22, 2029, 103.0% of the principal amount thereof; and • On or after June 23, 2029, 100.0% of the principal amount thereof; plus, in each case, all accrued and unpaid interest on the New Senior Secured Notes to, but excluding, the applicable redemption (or repurchase) date. •

Applicable Redemption Price. The Redemption price for a Limited Partner's Units (the "Applicable Redemption Price") will depend on when the Limited Partner presents his Units for Redemption and shall be determined as set forth below. If a Limited Partner presents his Units for Redemption: (i) during the Offering Period, the Redemption price for one Unit will equal the net asset value for one Unit at the time the Redemption request is received, as that value is determined by the General Partner in its sole discretion; (ii) during the Reinvestment Period, the Redemption price for one Unit will equal 100% of the Limited Partner's Adjusted Capital Contribution for one Unit, plus 4% for each full twelve-month period since the Limited Partner was admitted as a Limited Partner, less the sum of: (A) 100% of previous distributions made to the Limited Partner on account of one Unit; and (B) 100% of any previous allocations to the Limited Partner of investment tax credit amounts, if any, for one Unit; or (iii) during the Liquidation Period, the Redemption price for one Unit will equal the equity for one Unit as set forth on the Partnership's balance sheet in its most recent Form 10-Q filed before the Redemption request, less 100% of any distributions made to the Limited Partner on account of one Redeemed Unit since the date of the balance sheet.

Applicable Redemption Price. The applicable Redemption Price for Optional Redemption is the following: Type of Optional Redemption Applicable Optional Redemption Price Privatization Failure Basic Redemption Price (at applicable Return Rate of 19.5%) Liquidation Event Made-Whole Redemption Price Partial Sale Made-Whole Redemption Price Obligor Default which is continuing (other than a Partial Sale or a Liquidation Event) Basic Redemption Price Restructuring Failure Basic Redemption Price Adverse Development Basic Redemption Price Interest Rate Increase in the Concurrent Financing Basic Redemption Price Acceleration of the Concurrent Financing Basic Redemption Price