Common use of Notice of Purchase Price Clause in Contracts

Notice of Purchase Price. Following the Trigger Date, the General Partner, on behalf of the Partnership, shall have the right to redeem any or all of the Subject Units that are subject to redemption under Section 4.1(a) or (b). The General Partner shall exercise such right by the delivery of written notice thereof to the Employee or the Employee’s Employee Permitted Transferrees, as applicable, no later than the first anniversary of the Trigger Date, in which notice the General Partner shall set forth the Purchase Price determined pursuant to Section 4.2(a) and include the worksheet contemplated therein and shall set a reasonable time and place for the closing of the redemption of the applicable Subject Units, which shall not be less than 10 days nor more than twenty days after the date of such notice.

Notice of Purchase Price. Following the Trigger Date, the General Partner, on behalf of the Partnership, shall have the right to redeem any or all of the Subject Units that are subject to redemption under Section 4.1(a) or (b). The General Partner shall exercise such right by the delivery of written notice thereof to the Employee or the Employee’s Employee Permitted Transferrees, as applicable, Holder no later than the first anniversary of the Trigger Date, in which notice the General Partner shall set forth the Purchase Price determined pursuant to Section 4.2(a) and include the worksheet contemplated therein and shall set a reasonable time and place for the closing of the redemption of the applicable Subject Units, which shall not be less than 10 days nor more than twenty 20 days after the date of such notice.