Common use of Participation in Liquidity Events Clause in Contracts

Participation in Liquidity Events. If any Class D Limited Partner does not participate in any sale or exchange of Common Units by the other Limited Partners occurring within two years after the applicable Issue Date of such Class D Limited Partner’s Class D Common Units and in which such Class D Limited Partner would have been entitled to participate in accordance with Section 3.1(f)(i), then, following the end of such two-year period, such Class D Limited Partner shall, subject to the satisfaction of the conditions set forth in Section 3.1(f)(i) or Section 3.1(f)(iii) and satisfaction of the Book-Up Target at such future time, be entitled to exchange the number of Common Units equal to such Class D Limited Partner’s pro rata share of the total number of Common Units that all Individual Limited Partners and their Related Trusts were entitled to Transfer in such sale or exchange.

Participation in Liquidity Events. If any Class D E Limited Partner does not participate in any sale or exchange of Common Units by the other Limited Partners occurring within two years after the applicable Issue Date of such Class D E Limited Partner’s Class D E Common Units and in which such Class D E Limited Partner would have been entitled to participate in accordance with Section 3.1(f)(i3.1(g)(v), then, following the end of such two-year period, such Class D E Limited Partner shall, subject to the satisfaction of the conditions set forth in Section 3.1(f)(i3.1(g)(v) or Section 3.1(f)(iii3.1(g)(vii) and satisfaction of the Book-Up Target at such future time, be entitled to exchange the number of Common Units equal to such Class D E Limited Partner’s pro rata share of the total number of Common Units that all Individual Limited Partners and their Related Trusts were entitled to Transfer in such sale or exchange.