Common use of Exercise of Units Clause in Contracts

Exercise of Units. (a) The Unit Holder may elect to be paid for any then vested Units by timely delivering or mailing to the Company (in accordance with Xxxxxxxxx 00 xxxxx), Xxxxxxxxx: Chief Executive Officer and Secretary (or Assistant Secretary), a notice of exercise, in the form prescribed by the Company, stating therein that the Unit Holder has elected to exercise his or her vested Units and specifying therein the date of this Agreement and the number of vested Units for which he or she is electing to be paid. The exercise of any Units shall not be deemed effective unless and until the Unit Holder has complied with all of the provisions of this Paragraph 2(a). Upon an effective exercise of any one or more vested Units, the Company shall thereafter pay the Unit Holder in complete satisfaction of each vested Unit with respect to which such right and option has been exercised an amount equal to: (i) the Exercise Date Price minus (ii) the Base Price. Such payment shall be made to the Unit Holder within thirty (30) days after the exercise of such right and option.

Exercise of Units. (a) The Unit Holder may elect to be paid for any then vested Units Unit by timely delivering or mailing to the Company (in accordance with Xxxxxxxxx 00 xxxxxParagraph 10 below), XxxxxxxxxAttention: Chief Executive Officer and Secretary Chief Financial Officer (or Assistant Secretaryperson acting as Chief Financial Officer), a notice of exercise, in the form prescribed by the Company, stating therein that the Unit Holder has elected to exercise his or her vested Units and specifying therein the date of this Agreement and the number of vested Units for which he or she is electing to be paid. The exercise of any Units shall not be deemed effective unless and until the Unit Holder has complied with all of the provisions of this Paragraph 2(a). Upon an effective exercise of any one or more vested Units, the Company shall thereafter pay the Unit Holder in complete satisfaction of each vested Unit with respect to which such right and option has been exercised an amount equal to: (i) the Exercise Date Price minus (ii) the Base Price. Such payment shall be made to the Unit Holder within thirty (30) 30 days after the exercise of such right and option.

Exercise of Units. (a) The Unit Holder may elect to be paid for any then vested Units by timely delivering or mailing to the Company (in accordance with Xxxxxxxxx 00 xxxxxParagraph 10 below), XxxxxxxxxAttention: Chief Executive Officer and Secretary (or Assistant Secretary)Financial Officer, a notice of exercise, in the form prescribed by the Company, stating therein that the Unit Holder has elected to exercise his or her vested Units and specifying therein the date of this Agreement and the number of vested Units for which he or she is electing to be paid. The exercise of any Units shall not be deemed effective unless and until the Unit Holder has complied with all of the provisions of this Paragraph 2(a). Upon an effective exercise of any one or more vested Units, the Company shall thereafter pay the Unit Holder in complete satisfaction of each vested Unit with respect to which such right and option has been exercised an amount equal to: (i) the Exercise Date Price minus (ii) the Base Price. Such payment shall be made to the Unit Holder within thirty (30) days after the exercise of such right and option.

Exercise of Units. (a) The Unit Holder may elect to be paid for any then vested Units Unit by timely delivering or mailing to the Company (in accordance with Xxxxxxxxx 00 xxxxxParagraph 10 below), XxxxxxxxxAttention: Chief Executive Officer and Secretary (or Assistant Secretary)Chief Financial Officer, a notice of exercise, in the form prescribed by the Company, stating therein that the Unit Holder has elected to exercise his or her vested Units and specifying therein the date of this Agreement and the number of vested Units for which he or she is electing to be paid. The exercise of any Units shall not be deemed effective unless and until the Unit Holder has complied with all of the provisions of this Paragraph 2(a). Upon an effective exercise of any one or more vested Units, the Company shall thereafter pay the Unit Holder in complete satisfaction of each vested Unit with respect to which such right and option has been exercised an amount equal to: (i) the Exercise Date Price minus (ii) the Base Price. Such payment shall be made to the Unit Holder within thirty (30) 30 days after the exercise of such right and option.