Common use of BRI Partnership Election Clause in Contracts

BRI Partnership Election. The BRI Partnership shall have the right to elect, in its sole discretion, on the Closing Date, to accept such title as the Transferor Partners can deliver to the Transferor Partnership Interests and the Property in its then condition and to deliver in exchange therefor the Consideration subject to reduction of the Consideration Amount by the amounts required to remove all Monetary Liens.

BRI Partnership Election. The BRI Partnership shall have the right to elect, in its sole discretion, on the Closing Date, to accept such title as the Transferor Partners Members can deliver to the Transferor Partnership Membership Interests and the Property in its then condition and to deliver in exchange therefor the Consideration Amount then required to be paid subject to reduction of the Consideration Amount by the amounts required to remove all Monetary Liens.

BRI Partnership Election. The BRI Partnership shall have the right to elect, in its sole discretion, on the Closing Date, to accept such title as the Transferor Partners Corporation can deliver to the Transferor Partnership Interests and the Property in its then condition and to deliver in exchange therefor the Consideration subject to reduction of the Consideration Amount by the amounts required to remove all Monetary Liens.