Common use of Exceptions to Exercise of Redemption Right Clause in Contracts

Exceptions to Exercise of Redemption Right. Notwithstanding the provisions of Section 8.6.A and Section 8.6.B, a Partner shall not be entitled to exercise the Redemption Right pursuant to Section 8.6.A to the extent that the delivery of Shares to such Partner on the Specified Redemption Date by the General Partner pursuant to Section 8.6.B (regardless of whether or not the General Partner Entity would in fact exercise its rights under Section 8.6.B) would (i) be prohibited, as determined in the sole discretion of the General Partner Entity, under the Declaration of Trust, (ii) cause the acquisition of Shares by such Partner to be “integrated” with any other distribution of Shares for purposes of complying with the Securities Act or (iii) would otherwise be prohibited under applicable federal or state securities laws or regulations. Notwithstanding the foregoing, the General Partner Entity may, in its sole and absolute discretion, waive such prohibition set forth in this Section 8.6C.

Exceptions to Exercise of Redemption Right. Notwithstanding the provisions of Section 8.6.A and Section 8.6.B, a Partner shall not be entitled to exercise the Redemption Right pursuant to Section 8.6.A to the extent that the delivery of Shares to such Partner on the Specified Redemption Date by the General Partner pursuant to Section 8.6.B (regardless of whether or not the General Partner Entity would in fact exercise its rights under Section 8.6.B) would (i) be prohibited, as determined in the sole discretion of the General Partner Entity, under the Declaration of Trust, (ii) cause the acquisition of Shares by such Partner to be “integrated” with any other distribution of Shares for purposes of complying with the Securities Act or Act, (iii) would otherwise be prohibited under applicable federal or state securities laws or regulations. Notwithstanding the foregoing, or (iv) violate restrictions imposed by the General Partner Entity may, in its sole and absolute discretion, waive such prohibition set forth in this pursuant to Section 8.6C.11.6.E and/or

Exceptions to Exercise of Redemption Right. Notwithstanding the provisions of Section 8.6.A 8.5.A and Section 8.6.B8.5.B hereof, a Partner shall not be entitled to exercise the Redemption Right pursuant to Section 8.6.A 8.5.A to the extent that the delivery of Common Shares to such Partner by the General Partner on the Specified Redemption Date by the General Partner pursuant to Section 8.6.B 8.5.B (regardless of whether or not the General Partner Entity would in fact exercise its rights under Section 8.6.B8.5.B) would (i) be prohibited, as determined in the sole and absolute discretion of the General Partner EntityPartner, under the Declaration Ownership Limit, as a result of Trustother restrictions contained in the Articles of Incorporation or any federal or state securities laws or regulations, (ii) cause the acquisition of Common Shares by such Partner to be “integrated” with any other distribution of Common Shares for purposes of complying with the Securities Act or Act, (iii) would otherwise be prohibited under applicable federal or state securities laws or regulations. Notwithstanding , or (iv) cause the foregoing, the General Partner Entity may, in its sole and absolute discretion, waive such prohibition set forth in this Section 8.6C.Partnership to cease to be classified as a partnership for federal income tax purposes.

Exceptions to Exercise of Redemption Right. Notwithstanding the provisions of Section 8.6.A and Section 8.6.B, a Partner shall not be entitled to exercise the Redemption Right pursuant to Section 8.6.A to the extent that the delivery of Shares to such Partner on the Specified Redemption Date by the General Partner pursuant to Section 8.6.B (regardless of whether or not the General Partner Entity would in fact exercise its rights under Section 8.6.B) would (i) be prohibited, as determined in the sole discretion of the General Partner Entity, under the Declaration of Trust, (ii) cause the acquisition of Shares by such Partner to be “integrated” with any other distribution of Shares for purposes of complying with the Securities Act or Act, (iii) would otherwise be prohibited under applicable federal or state securities laws or regulations. , or (iv) violate restrictions imposed by the General Partner pursuant to Section 11.6.E and/or Section 11.6.F. Notwithstanding the foregoing, the General Partner Entity may, in its sole and absolute discretion, waive such prohibition set forth in this Section 8.6C.

Exceptions to Exercise of Redemption Right. Notwithstanding the provisions of Section 8.6.A 8.5.A and Section 8.6.B8.5.B hereof, a Partner shall not be entitled to exercise the Redemption Right pursuant to Section 8.6.A 8.5.A to the extent that the delivery of Common Shares to such Partner by the General Partner on the Specified Redemption Date by the General Partner pursuant to Section 8.6.B 8.5.B (regardless of whether or not the General Partner Entity would in fact exercise its rights under Section 8.6.B8.5.B) would (i) be prohibited, as determined in the sole and absolute discretion of the General Partner EntityPartner, under the Declaration Ownership Limit or as a result of Trustother restrictions contained in the Articles of Incorporation, (ii) cause the acquisition of Common Shares by such Partner to be “integrated” with any other distribution of Common Shares for purposes of complying with the Securities Act or Act, (iii) would otherwise be prohibited under applicable federal or state securities laws or regulations. Notwithstanding regulations or (iv) cause the foregoing, the General Partner Entity may, in its sole and absolute discretion, waive such prohibition set forth in this Section 8.6C.Partnership to cease to be classified as a partnership for federal income tax purposes.