Call Purchase Price. The purchase price (the “Call Purchase Price”) for the Callable Interest shall be equal to the product of (A) .75 and (B) the sum of (i) the Initial Capital Contribution of Universal, (ii) any Additional Capital Contribution of Universal made prior to the Closing Date (as defined below), and (iii) a rate of return on (i) and (ii) equal to 15% per annum, compounded annually, from the date of Universal’s initial investment in (i) and (ii) (subparagraphs (B)(i) and (ii) collectively being the “Investment”). If the Callable Interest is not redeemed within the Call Exercise Period, neither the Partnership nor the General Partner shall have any obligation to pay the Call Purchase Price or any component thereof.
Appears in 2 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (Universal City Travel Partners)
Call Purchase Price. The purchase price (the “"Call Purchase Price”") for the Callable Interest shall be equal to the product of (A) .75 ..75 and (B) the sum of (i) the Initial Capital Contribution of Universal, (ii) any Additional Capital Contribution of Universal made prior to the Closing Date (as defined below), and (iii) a rate of return on (i) and (ii) equal to 15% per annum, compounded annually, from the date of Universal’s 's initial investment in (i) and (ii) (subparagraphs (B)(i) and (ii) collectively being the “"Investment”"). If the Callable Interest is not redeemed within the Call Exercise Period, neither the Partnership nor the General Partner shall have any obligation to pay the Call Purchase Price or any component thereof.
Appears in 1 contract
Samples: Limited Partnership Agreement (Universal City Development Partners LTD)
Call Purchase Price. The purchase price (the “"Call Purchase Price”") for the Callable Interest shall be equal to the product of (A) .75 and (B) the sum of (i) the Initial Capital Contribution of Universal, (ii) any Additional Capital Contribution of Universal made prior to the Closing Date (as defined below), and (iii) a rate of return on (i) and (ii) equal to 15% per annum, compounded annually, from the date of Universal’s 's initial investment in (i) and (ii) (subparagraphs (B)(i) and (ii) collectively being the “"Investment”"). If the Callable Interest is not redeemed within the Call Exercise Period, neither the Partnership nor the General Partner shall have any obligation to pay the Call Purchase Price or any component thereof.
Appears in 1 contract
Samples: Limited Partnership Agreement