Common use of Other Redemptions Clause in Contracts

Other Redemptions. At any time that the General Partner exercises its right to redeem all or any of the Series A Preferred Shares, the General Partner shall cause the Partnership to concurrently redeem an equal number of Series A Preferred Partnership Units, at a redemption price per Series A Preferred Partnership Unit payable in cash and equal to the same price per share paid by the General Partner to redeem the Series A Preferred Shares (i.e., a redemption price of $25.00 per Series A Preferred Share, plus any accrued and unpaid dividends thereon). No interest shall accrue for the benefit of the Series A Preferred Partnership Units to be redeemed on any cash set aside by the Partnership.

Appears in 2 contracts

Samples: Hersha Hospitality Trust, Hersha Hospitality Trust

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Other Redemptions. At any time that the General Partner exercises its right to redeem all or any of the Series A B Preferred Shares, the General Partner shall cause the Partnership to concurrently redeem an equal number of Series A B Preferred Partnership Units, at a redemption price per Series A B Preferred Partnership Unit payable in cash and equal to the same price per share paid by the General Partner to redeem the Series A B Preferred Shares (i.e., a redemption price of $25.00 per Series A B Preferred Share, plus any accrued and unpaid dividends thereon). No interest shall accrue for the benefit of the Series A B Preferred Partnership Units to be redeemed on any cash set aside by the Partnership.

Appears in 2 contracts

Samples: Agreement (Hersha Hospitality Trust), Hersha Hospitality Trust

Other Redemptions. At any time that the General Partner exercises its right to redeem all or any of the Series A D Preferred Shares, the General Partner shall cause the Partnership to concurrently redeem an equal number of Series A D Preferred Partnership Units, at a redemption price per Series A D Preferred Partnership Unit payable in cash and equal to the same price per share paid by the General Partner to redeem the Series A D Preferred Shares (i.e., a redemption price of $25.00 per Series A D Preferred Share, plus any accrued and unpaid dividends thereon). No interest shall accrue for the benefit of the Series A D Preferred Partnership Units to be redeemed on any cash set aside by the Partnership.

Appears in 1 contract

Samples: Hersha Hospitality Trust

Other Redemptions. At any time that the General Partner exercises its right to redeem all or any of the Series A E Preferred Shares, the General Partner shall cause the Partnership to concurrently redeem an equal number of Series A E Preferred Partnership Units, at a redemption price per Series A E Preferred Partnership Unit payable in cash and equal to the same price per share paid by the General Partner to redeem the Series A E Preferred Shares (i.e., a redemption price of $25.00 per Series A E Preferred Share, plus any accrued and unpaid dividends thereon). No interest shall accrue for the benefit of the Series A E Preferred Partnership Units to be redeemed on any cash set aside by the Partnership.

Appears in 1 contract

Samples: Hersha Hospitality Trust

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Other Redemptions. At any time that the General Partner exercises its right to redeem all or any of the Series A C Preferred Shares, the General Partner shall cause the Partnership to concurrently redeem an equal number of Series A C Preferred Partnership Units, at a redemption price per Series A C Preferred Partnership Unit payable in cash and equal to the same price per share paid by the General Partner to redeem the Series A C Preferred Shares (i.e., a redemption price of $25.00 per Series A C Preferred Share, plus any accrued and unpaid dividends thereon). No interest shall accrue for the benefit of the Series A C Preferred Partnership Units to be redeemed on any cash set aside by the Partnership.

Appears in 1 contract

Samples: Hersha Hospitality Trust

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