Callable Interest. At any time during the Call Exercise Period, the Partnership shall have the right to redeem a portion of Universal’s Partnership Interest such that, immediately after such redemption, Universal’s Participating Percentage shall be equal to 25%. The portion of Universal’s Partnership Interest that the Partnership may so redeem shall be referred to as the “Callable Interest.”
Appears in 2 contracts
Samples: www.sec.gov, Management Agreement (Universal City Travel Partners)
Callable Interest. At any time during the Call Exercise Period, the Partnership shall have the right to redeem a portion of Universal’s 's Partnership Interest such that, immediately after such redemption, Universal’s 's Participating Percentage shall be equal to 25%. The portion of Universal’s 's Partnership Interest that the Partnership may so redeem shall be referred to as the “"Callable Interest.”"
Appears in 2 contracts
Samples: Management Agreement, Management Agreement (Universal City Development Partners LTD)
