Delivery of Exercise Notices. Any one or more Limited Partners ("Exercising Partners") may, subject to the limitations set forth in this Section 10.3, deliver to the General Partner written notice in the form attached to the Unit Certificate as Attachment 1 (the "Exercise Notice") pursuant to which such Exercising Partners elect to exercise their Redemption Rights with respect to all or any portion of their Partnership Units. The Exercise Notice shall specify the specific number of Partnership Units which the Limited Partner intends to require the Partnership to redeem for shares of Common Stock and the specific number of Partnership Units which the Limited Partner intends to require the Partnership to redeem for cash. Only whole numbers of Partnership Units may be redeemed. Once delivered, the Exercise Notice shall be irrevocable, subject to payment by the General Partner of shares of Common Stock and/or cash in respect of such Partnership Units in accordance with the terms hereof.
Delivery of Exercise Notices. Any one or more Limited Partners (“Exercising Partners”) may, subject to the limitations set forth herein:
(a) deliver to the General Partner written notice (the “Conversion Component Exercise Notice”) pursuant to which such Exercising Partners elect to exercise their Rights to convert (the “Conversion Rights”) all or any portion of their Partnership Units into shares of Common Stock subject to the limitations contained in Paragraph 4 below; and
(b) deliver to the General Partner written notice (the “Sale Component Exercise Notice”) pursuant to which such Exercising Partners elect to exercise their Rights to sell (the “Sale Rights”) all or any portion of their Partnership Units to the General Partner (or the General Partner’s designee), subject to the limitations contained in Paragraph 3 below.
Delivery of Exercise Notices. Any one or more Limited Partners ("Exercising Partners") may, subject to the limitations set forth herein deliver to the General Partner written notice (the "Exercise Notice") pursuant to which such Exercising Partners elect to exercise their Conversion Rights subject to the limitations contained in Sections 11.3 and 11.4 below.
Delivery of Exercise Notices. The Conversion Rights granted hereunder may be exercised by any one or more of the Limited Partners ("Exercising Partners"), on the terms and subject to the conditions and restrictions contained in this Article XII, upon delivery to the General Partner of a Exercise Notice (the "Exercise Notice") in the form of EXHIBIT B, which notice shall specify the number of OP Units to be sold by such Limited Partner (the "Offered Units"). Once delivered, the Exercise Notice shall be irrevocable, subject to payment by the General Partner or the Partnership of the purchase price in Shares or cash (the "Purchase Price") in respect of such Partnership Interests in accordance with the terms hereof.
Delivery of Exercise Notices. (c) Assumption by General Partner...................................... (d) Limitation on Exercise of Redemption Rights........................
Delivery of Exercise Notices. (a) Any one or more Limited Partners ("Exercising Partners") may, subject to the limitations set forth herein:
(i) deliver to the General Partner written notice in the form attached hereto as Schedule 1 (the "Conversion Component Exercise Notice") pursuant to which such Exercising Partners elect to exercise their rights to convert (the "Conversion Rights") all or any portion of their Partnership Interests into Shares, subject to the limitations contained in Paragraphs 3 and 4 below; and/or
(ii) deliver to the General Partner written notice in the form attached hereto as Schedule 2 (the "Sale Component Exercise Notice") pursuant to which such Exercising Partners elect to exercise their rights to sell (the "Sale Rights") all or any portion of their Partnership Interests to the General Partner (or the General Partner's designee), subject to the limitations contained in Paragraphs 3 and 5 below.
(b) If the Exercising Partner is not a nonresident alien or a foreign entity, such as a corporation, partnership, trust or estate (as those terms are defined in the Code and Regulations), such Exercising Partner shall deliver to 75 the General Partner a Certification of Non-Foreign Status in the form attached hereto as Schedule 3 (the "Non-Foreign Certificate") for withholding purposes under Section 1445 of the Code. In the event that an Exercising Partner (i) is a nonresident alien or foreign entity, such as a corporation, partnership, trust or estate (as those terms are defined in the Code and Regulations), or (ii) does not furnish a Conversion Certificate to the General Partner, the withholding provision in paragraph 10 shall apply.
Delivery of Exercise Notices. Any one or more Limited Partners ("Exercising Partners") may, subject to the limitations set forth in this Section 10.3, deliver to the General Partner, on behalf of the Partnership, written notice in the form attached to the Unit Certificate as Attachment 1 (the "Exercise Notice") pursuant to which such Exercising Partners elect to exercise their Redemption Rights with respect to all or any portion of their Partnership Units. The Exercise Notice shall specify the specific number of Partnership Units which the Limited Partner intends to require the Partnership to redeem for shares of Common Stock and the specific number of Partnership Units which the Limited Partner intends to require the Partnership to redeem for cash. Only whole numbers of Partnership Units may be redeemed. Once delivered, the Exercise Notice shall be irrevocable, subject to payment by the Partnership of shares of Common Stock and/or cash, as determined by the Partnership in its sole discretion, in respect of such Partnership Units in accordance with the terms hereof.
Delivery of Exercise Notices. Any one of more Limited Partners ---------------------------- ("Exercising Partners"), subject to the limitations set forth herein, may deliver to TCT written notice (the "Exercise Notice") pursuant to which such Exercising Partners elect to convert some or all of their Units and Partnership Interests into Common Shares subject to the limitations contained in Paragraph 4 below.
Delivery of Exercise Notices. Any one or more Limited Partners ("Exercising Partners") may, subject to the limitations set forth herein:
(a) deliver to the REIT written notice (the "Conversion Component Exercise Notice") pursuant to which such Exercising Partners elect to exercise their Rights to convert (the "Conversion Rights"), subject to the limitations contained in Sections 4 and 5 hereof, all or any portion of their Units (including fractional units) into the number of REIT Shares equal to the product of (i) the number of Units as to which the Conversion Rights are being exercised and (ii) the Conversion Factor; and
(b) deliver to the REIT written notice (the "Sale Component Exercise Notice") pursuant to which such Exercising Partners elect to exercise their Rights to sell (the "Sale Rights"), subject to the limitations contained in Sections 4 and 6 hereof, all or any portion of their Units (including fractional Units) to the REIT (or the REIT's designee).
Delivery of Exercise Notices. Any one or more Limited ---------------------------- Partners ("Exercising Partners") may, subject to the limitations set forth in this Section 10.3, deliver to the General Partner an Exercise Notice pursuant to which such Exercising Partners elect to exercise their Redemption Rights with respect to all or any portion of their Partnership Units. The Exercise Notice shall specify the specific number of Partnership Units which the Limited Partner intends to require the Partnership to redeem. Only whole numbers of Partnership Units may be redeemed. Once delivered, the Exercise Notice shall be irrevocable.
