Common use of Limitation on Redemption Clause in Contracts

Limitation on Redemption. (A) The Series F Redemption Price (other than the portion thereof consisting of accumulated but unpaid distributions) will be payable solely out of the sale proceeds of capital stock of the General Partner, which will be contributed by the General Partner to the Partnership as additional capital contribution, or out of the sale of limited partner interests in the Partnership and from no other source. For purposes of the preceding sentence, "capital stock" means any equity securities (including Common Stock and Preferred Stock (as such terms are defined in the Articles of Incorporation)), shares, participation or other ownership interests (however designated) and any rights (other than debt securities convertible into or exchangeable for equity securities) or options to purchase any of the foregoing. (B) The Partnership may not redeem fewer than all of the outstanding Series F Preferred Units unless all accumulated and unpaid distributions have been paid on all Series F Preferred Units for all quarterly distribution periods terminating on or prior to the date of redemption.

Appears in 4 contracts

Samples: Amendment No. 5 to Third Amended and Restated Agreement of Limited Partnership (Regency Centers Lp), Limited Partnership Agreement (Regency Centers Lp), Limited Partnership Agreement (Regency Centers Lp)

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Limitation on Redemption. (A) The Series F D Redemption Price (other than the portion thereof consisting of accumulated but unpaid distributions) will be payable solely out of the sale proceeds of capital stock of the General Partner, which will be contributed by the General Partner to the Partnership as additional capital contribution, or out of the sale of limited partner interests in the Partnership and from no other source. For purposes of the preceding sentence, "capital stock" means any equity securities (including Common Stock and Preferred Stock (as such terms are defined in the Articles of Incorporation)), shares, participation or other ownership interests (however designated) and any rights (other than debt securities convertible into or exchangeable for equity securities) or options to purchase any of the foregoing. (B) The Partnership may not redeem fewer than all of the outstanding Series F D Preferred Units unless all accumulated and unpaid distributions have been paid on all Series F D Preferred Units for all quarterly distribution periods terminating on or prior to the date of redemption.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Regency Centers Lp), Limited Partnership Agreement (Regency Centers Corp), Limited Partnership Agreement (Regency Centers Lp)

Limitation on Redemption. (Ai) The Series F B Redemption Price (other than the portion thereof consisting of accumulated but unpaid distributions) will be payable solely out of the sale proceeds of capital stock of the General Partner, which will be contributed by the General Partner to the Partnership as additional capital contribution, or out of the sale of limited partner interests in the Partnership and from no other source. For purposes of the preceding sentence, "capital stock" means any equity securities (including Common Stock and Preferred Stock (as such terms are defined in the Articles of IncorporationCharter)), shares, participation or other ownership interests (however designated) and any rights (other than debt securities convertible into or exchangeable for equity securities) or options to purchase any of the foregoing. (Bii) The Partnership may not redeem fewer than all of the outstanding Series F B Preferred Units unless all accumulated and unpaid distributions have been paid on all Series F B Preferred Units for all quarterly distribution periods terminating on or prior to the date of redemption.

Appears in 2 contracts

Samples: Second Amended and Restated Agreement of Limited Partnership (Price Development Co Lp), Second Amended and Restated Agreement of Limited Partnership (Jp Realty Inc)

Limitation on Redemption. (Ai) The Series F C Redemption Price (other than the portion thereof consisting of accumulated but unpaid distributions) will be payable solely out of the sale proceeds of capital stock of the General Partner, which will be contributed by the General Partner to the Partnership as an additional capital contribution, or out of the sale of limited partner partnership interests in the Partnership and from no other source. For purposes of the preceding sentence, "capital stock" means any equity securities (including Common Stock and Preferred Stock (as such terms are defined in the Articles Charter of Incorporation)the General Partner), shares, participation or other ownership interests interest (however designated) and any rights (other than debt securities convertible into or exchangeable for equity securities) or options to purchase any of the foregoing. (Bii) The Partnership may not redeem fewer than all of the outstanding Series F C Preferred Units unless all accumulated and unpaid distributions have been paid on all Series F C Preferred Units for all quarterly distribution periods terminating on or prior to the date of redemption.

Appears in 1 contract

Samples: Limited Partnership Agreement (Jp Realty Inc)

Limitation on Redemption. (Ai) The Series F B Redemption Price (other than the portion thereof consisting of accumulated but unpaid distributions) will be payable solely out of the sale proceeds of capital stock shares of the General Partner, which will be contributed by the General Partner to the Partnership as additional capital contribution, or out of the sale of limited partner interests in the Partnership and from no other source. For purposes of the preceding sentence, "capital stockshares" means any equity securities (including Common Stock Shares and Preferred Stock Shares (as such terms are defined in the Articles of IncorporationCharter)), shares, participation or other ownership interests (however designated) and any rights (other than debt securities convertible into or exchangeable for equity securities) or options to purchase any of the foregoing. (Bii) The Partnership may not redeem fewer than all of the outstanding Series F B Preferred Units unless all accumulated and unpaid distributions have been paid on all Series F B Preferred Units for all quarterly distribution periods terminating on or prior to the date of redemption.

Appears in 1 contract

Samples: Third Amended and Restated Agreement of Limited Partnership (Colonial Properties Trust)

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Limitation on Redemption. (A) i. The Series F Redemption Price of the Series E Preferred Units (other than the portion thereof consisting of accumulated but unpaid distributions) will be payable solely out of the sale proceeds of capital stock of the General Partner, which will be contributed by the General Partner to the Partnership as an additional capital contribution, or out of the sale of limited partner interests in the Partnership and from no other source. For purposes of the preceding sentence, "capital stock" means any equity securities (including Common Stock and Preferred Stock (as such terms are defined in the Articles of IncorporationCharter)), shares, participation or other ownership interests (however designated) and any rights (other than debt securities convertible into or exchangeable for equity securities) or options to purchase any of the foregoing. (B) ii. The Partnership may not redeem fewer than all of the outstanding Series F E Preferred Units unless all accumulated and unpaid distributions have been paid on all Series F E Preferred Units for all quarterly distribution periods terminating on or prior to the date of redemption.

Appears in 1 contract

Samples: Limited Partnership Agreement (Regency Centers Lp)

Limitation on Redemption. (Ai) The Series F B Redemption Price (other than the portion thereof consisting of accumulated but unpaid distributions) will be payable solely out of the sale proceeds of capital stock shares of the General Partner, which will be contributed by the General Partner to the Partnership as additional capital contribution, or out of the sale of limited partner interests in the Partnership and from no other source. For purposes of the preceding sentence, "capital stock" shares” means any equity securities (including Common Stock Shares and Preferred Stock Shares (as such terms are defined in the Articles of IncorporationCharter)), shares, participation or other ownership interests (however designated) and any rights (other than debt securities convertible into or exchangeable for equity securities) or options to purchase any of the foregoing. (Bii) The Partnership may not redeem fewer than all of the outstanding Series F B Preferred Units unless all accumulated and unpaid distributions have been paid on all Series F B Preferred Units for all quarterly distribution periods terminating on or prior to the date of redemption.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Colonial Properties Trust)

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