Common use of Other Redemptions Clause in Contracts

Other Redemptions. Nothing in this Agreement shall preclude the redemption of a Limited Partner Interest or Partnership Units by the Partnership upon such terms and conditions as may be negotiated between the Limited Partner or Assignee holding such Limited Partner Interest or Partnership Units, on the one hand, and the General Partner, on the other hand, in their sole and absolute discretion; provided, however, in no event may any such redemption impair or otherwise affect (i) the amount of Available Cash required to satisfy, on a current basis, the distribution priority to the Holders of Preferred Partnership Units; or (ii) the rights of the Tendering Parties to effect a Redemption or the ability of the Partnership to perform its obligations under Section 8.6.A. Such a redemption may include the payment of cash by the Partnership to the Limited Partner or Assignee, in a lump sum or in installments, or the distribution in kind of Partnership assets to such Limited Partner or Assignee (which assets may be encumbered), including assets to be designated by the Limited Partner or Assignee and acquired (with or without debt financing) by the Partnership. In effecting any such redemption by negotiated agreement, none of the Partnership, the General Partner, the Limited Partner and the Assignee, as the case may be, shall have any duty to offer the same or similar terms for redemption of any other Limited Partner Interest or Partnership Units.

Other Redemptions. Nothing Notwithstanding the provisions of Section 8.6, nothing in this Agreement shall preclude the redemption of a Limited Partner Interest or Partnership Units by the Partnership upon such terms and conditions as may be negotiated between the Limited Partner or Assignee holding such Limited Partner Interest or Partnership Units, on the one hand, and the General Partner, the Partnership or Federal Realty, on the other hand, in their sole and absolute discretion; provided, however, in no event may any such redemption impair or otherwise affect (i) the amount of Available Cash required to satisfy, on a current basis, the distribution priority to the Holders of Preferred Partnership Units; or (ii) the rights of the Tendering Parties to effect a Redemption or the ability of the Partnership to perform its obligations under Section 8.6.A. . Such a redemption may include include, without limitation, the payment of cash by the Partnership to the Limited Partner or Assignee, in a lump sum or in installments, or the distribution in kind of Partnership assets to such Limited Partner or Assignee (which assets may be encumbered), including assets to be designated by the Limited Partner or Assignee and acquired (with or without debt financing) by the Partnership. Upon any such redemption, the Partnership Units and Limited Partner Interest redeemed and the applicable Partner Schedule shall be cancelled and General Partner shall reflect such redemption on the books and records of the Partnership. In effecting any such redemption by negotiated agreement, none of the Partnership, the General Partner, the Limited Partner and the Assignee, as the case may be, shall incur any liability to any other Holder of Partnership Units or have any duty to offer the same or similar terms for redemption of any other Limited Partner Interest or Partnership Units.