Common use of Minimum Tender; Tender Irrevocable Clause in Contracts

Minimum Tender; Tender Irrevocable. A Holder may not exercise the Exchange Right for less than 1000 Units or, if such Holder then holds less than 1000 Units, all of the Units then held by such Holder. Unless otherwise determined by LTC, tenders of Units pursuant to this Agreement shall be irrevocable and shall not be subject to modification or withdrawal.

Appears in 7 contracts

Samples: Exchange Rights Agreement (LTC Properties Inc), Exchange Rights Agreement (LTC Properties Inc), Exchange Rights Agreement (LTC Properties Inc)

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Minimum Tender; Tender Irrevocable. A Holder may not exercise the Exchange Right for less than 1000 1,000 Units or, if such Holder then holds less than 1000 1,000 Units, all of the Units then held by such Holder. Unless otherwise determined by LTC, tenders of Units pursuant to this Agreement shall be irrevocable and shall not be subject to modification or withdrawal.

Appears in 1 contract

Samples: Exchange Rights Agreement (LTC Properties Inc)

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