Common use of Limitations on Redemption Clause in Contracts

Limitations on Redemption. Unless full cumulative distributions on all Series A Preferred Partnership Units shall have been or contemporaneously are declared and paid or declared and a sum sufficient for the payment thereof set apart for payment for all past distribution periods, no Series A Preferred Partnership Units shall be redeemed unless all outstanding Series A Preferred Partnership Units are simultaneously redeemed, and the Partnership shall not purchase or otherwise acquire directly or indirectly any Series A Preferred Partnership Units (except by exchange for Partnership Units ranking junior to the Series A Preferred Partnership Units as to distributions and upon liquidation); provided, however, that the foregoing shall not prevent the purchase or acquisition of Series A Preferred Partnership Units pursuant to a purchase or exchange offer made on the same terms to holders of all outstanding Series A Preferred Partnership Units.

Limitations on Redemption. Unless full cumulative distributions on all Series A B Preferred Partnership Units shall have been or contemporaneously are declared and paid or declared and a sum sufficient for the payment thereof set apart for payment for all past distribution periods, no Series A B Preferred Partnership Units shall be redeemed unless all outstanding Series A B Preferred Partnership Units are simultaneously redeemed, and the Partnership shall not purchase or otherwise acquire directly or indirectly any Series A B Preferred Partnership Units (except by exchange for Partnership Units ranking junior to the Series A B Preferred Partnership Units as to distributions and upon liquidation); provided, however, that the foregoing shall not prevent the purchase or acquisition of Series A B Preferred Partnership Units pursuant to a purchase or exchange offer made on the same terms to holders of all outstanding Series A B Preferred Partnership Units.

Limitations on Redemption. Unless full cumulative distributions on all Series A E Preferred Partnership Units shall have been or contemporaneously are declared and paid or declared and a sum sufficient for the payment thereof set apart for payment for all past distribution periods, no Series A E Preferred Partnership Units shall be redeemed unless all outstanding Series A E Preferred Partnership Units are simultaneously redeemed, and the Partnership shall not purchase or otherwise acquire directly or indirectly any Series A E Preferred Partnership Units (except by exchange for Partnership Units ranking junior to the Series A E Preferred Partnership Units as to distributions and upon liquidation); provided, however, that the foregoing shall not prevent the purchase or acquisition of Series A E Preferred Partnership Units pursuant to a purchase or exchange offer made on the same terms to holders of all outstanding Series A E Preferred Partnership Units.

Limitations on Redemption. Unless full cumulative distributions on all Series A C Preferred Partnership Units shall have been or contemporaneously are declared and paid or declared and a sum sufficient for the payment thereof set apart for payment for all past distribution periods, no Series A C Preferred Partnership Units shall be redeemed unless all outstanding Series A C Preferred Partnership Units are simultaneously redeemed, and the Partnership shall not purchase or otherwise acquire directly or indirectly any Series A C Preferred Partnership Units (except by exchange for Partnership Units ranking junior to the Series A C Preferred Partnership Units as to distributions and upon liquidation); provided, however, that the foregoing shall not prevent the purchase or acquisition of Series A C Preferred Partnership Units pursuant to a purchase or exchange offer made on the same terms to holders of all outstanding Series A C Preferred Partnership Units.

Limitations on Redemption. Unless full cumulative distributions on all Series A D Preferred Partnership Units shall have been or contemporaneously are declared and paid or declared and a sum sufficient for the payment thereof set apart for payment for all past distribution periods, no Series A D Preferred Partnership Units shall be redeemed unless all outstanding Series A D Preferred Partnership Units are simultaneously redeemed, and the Partnership shall not purchase or otherwise acquire directly or indirectly any Series A D Preferred Partnership Units (except by exchange for Partnership Units ranking junior to the Series A D Preferred Partnership Units as to distributions and upon liquidation); provided, however, that the foregoing shall not prevent the purchase or acquisition of Series A D Preferred Partnership Units pursuant to a purchase or exchange offer made on the same terms to holders of all outstanding Series A D Preferred Partnership Units.