Exercise of Put Right. A. The General Partner shall, upon the written request of the JMB Limited Partner, promptly cause the Partnership to exercise its Put Right (as such term is defined in the Property Owning Partnership Agreement) to require the Property Owning General Partner and Metropolis, jointly and severally, to purchase the Property Owning Partnership Interest pursuant to Section 12.2C of the Property Owning Partnership Agreement.
Appears in 4 contracts
Samples: Metropolis Realty Trust Inc, JMB Manhattan Associates LTD, Carlyle Real Estate LTD Partnership Xiii