Common use of Limitations on Redemption Clause in Contracts

Limitations on Redemption. Unless full cumulative distributions on all Series 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 B Preferred Partnership Units shall be redeemed unless all outstanding Series B Preferred Partnership Units are simultaneously redeemed, and the Partnership shall not purchase or otherwise acquire directly or indirectly any Series B Preferred Partnership Units (except by exchange for Partnership Units ranking junior to the Series B Preferred Partnership Units as to distributions and upon liquidation); provided, however, that the foregoing shall not prevent the purchase or acquisition of Series B Preferred Partnership Units pursuant to a purchase or exchange offer made on the same terms to holders of all outstanding Series B Preferred Partnership Units.

Limitations on Redemption. Unless full cumulative distributions on all Series B 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 B A Preferred Partnership Units shall be redeemed unless all outstanding Series B A Preferred Partnership Units are simultaneously redeemed, and the Partnership shall not purchase or otherwise acquire directly or indirectly any Series B A Preferred Partnership Units (except by exchange for Partnership Units ranking junior to the Series B A Preferred Partnership Units as to distributions and upon liquidation); provided, however, that the foregoing shall not prevent the purchase or acquisition of Series B A Preferred Partnership Units pursuant to a purchase or exchange offer made on the same terms to holders of all outstanding Series B A Preferred Partnership Units.

Limitations on Redemption. Unless full cumulative distributions on all Series B 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 B C Preferred Partnership Units shall be redeemed unless all outstanding Series B C Preferred Partnership Units are simultaneously redeemed, and the Partnership shall not purchase or otherwise acquire directly or indirectly any Series B C Preferred Partnership Units (except by exchange for Partnership Units ranking junior to the Series B C Preferred Partnership Units as to distributions and upon liquidation); provided, however, that the foregoing shall not prevent the purchase or acquisition of Series B C Preferred Partnership Units pursuant to a purchase or exchange offer made on the same terms to holders of all outstanding Series B C Preferred Partnership Units.

Limitations on Redemption. Unless full cumulative distributions on all Series B 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 B E Preferred Partnership Units shall be redeemed unless all outstanding Series B E Preferred Partnership Units are simultaneously redeemed, and the Partnership shall not purchase or otherwise acquire directly or indirectly any Series B E Preferred Partnership Units (except by exchange for Partnership Units ranking junior to the Series B E Preferred Partnership Units as to distributions and upon liquidation); provided, however, that the foregoing shall not prevent the purchase or acquisition of Series B E Preferred Partnership Units pursuant to a purchase or exchange offer made on the same terms to holders of all outstanding Series B E Preferred Partnership Units.

Limitations on Redemption. Unless full cumulative distributions on all Series B 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 B D Preferred Partnership Units shall be redeemed unless all outstanding Series B D Preferred Partnership Units are simultaneously redeemed, and the Partnership shall not purchase or otherwise acquire directly or indirectly any Series B D Preferred Partnership Units (except by exchange for Partnership Units ranking junior to the Series B D Preferred Partnership Units as to distributions and upon liquidation); provided, however, that the foregoing shall not prevent the purchase or acquisition of Series B D Preferred Partnership Units pursuant to a purchase or exchange offer made on the same terms to holders of all outstanding Series B D Preferred Partnership Units.