Common use of Delivery of Exercise Notices Clause in Contracts

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 possessing Rights (“"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 Stock, subject to the limitations contained in Paragraph Paragraphs 4 and 5 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 's designee), subject to the limitations contained in Paragraph Paragraphs 3 and 5 below.