Optional Redemption Event Notice Sample Clauses

Optional Redemption Event Notice. No later than ten days following the occurrence of an Optional Redemption Event, the Partnership shall deliver to the holders of record of Series D Preferred Partnership Units at their addresses as they appear on the Partnership’s transfer records a notice of occurrence of the Optional Redemption Event (the “Optional Redemption Event Notice”). Such notice shall state: (i) the events constituting the Optional Redemption Event; (ii) the date on which the Optional Redemption Event occurred; (iii) that, as a result of the Optional Redemption Event, the holders of Series D Preferred Partnership Units may exercise the Optional Redemption Right; and (iv) the procedure set forth below which the holders of Series D Preferred Partnership Units must follow in order to validly exercise the Optional Redemption Right. No failure to give such notice or any defect thereto or in the mailing thereof shall affect the rights of the Representatives to demand the redemption of Series D Preferred Partnership Units in accordance with this Section 6.