Common use of Limitations on Redemption Clause in Contracts

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

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

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