Common use of Partnership Option Clause in Contracts

Partnership Option. If the General Partner does not exercise its option to purchase all of the interest under Section 10.3(a), for thirty (30) days after the expiration of the General Partner's option or notice of the intention not to exercise the option as to all or part of the interest, whichever occurs earlier, the Partnership shall have an option to redeem all or any part of the remaining interest subject to this option at the price and on the terms provided in Article 11.

Appears in 1 contract

Samples: Limited Partnership Agreement (Chancellor Media Mw Sign Corp)

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Partnership Option. If the General Partner does not exercise its option to purchase all of the interest under Section 10.3(a10.1(a), for thirty (30) days after the expiration of the General Partner's option or notice of the intention not to exercise the option as to all or part of the interest, interest whichever occurs earlier, the Partnership shall have an option to redeem all or any part of the remaining interest subject to this option at the price and on the terms provided in Article 11.

Appears in 1 contract

Samples: Limited Partnership Agreement (Chancellor Media Mw Sign Corp)

Partnership Option. If the General Partner does not exercise its option to purchase all of the remaining interest under Section 10.3(a10.2(b), for thirty (30) days after the expiration of the General Partner's option or notice of the its intention not to exercise the option as to all or part of the interest, whichever occurs earlier, the Partnership shall have an option to redeem all or any part of the remaining interest subject to this option at the price and on the terms provided in Article 11.

Appears in 1 contract

Samples: Limited Partnership Agreement (Chancellor Media Mw Sign Corp)

Partnership Option. If the The General Partner does not exercise its option to purchase all of the interest under Section 10.3(a)10.5, for thirty (30) days after the expiration of the General Partner's option or notice of the intention not to exercise the option as to all or part of the interest, whichever occurs earlier, the Partnership shall have an option to redeem all or any part of the remaining interest subject to this option at either: (1) the price and on the terms provided in Article 11; or (2) the price and terms contained in the Notice of Proposed Sale.

Appears in 1 contract

Samples: Limited Partnership Agreement (Chancellor Media Mw Sign Corp)

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Partnership Option. If the General Partner does not exercise its option to purchase all of the interest under Section 10.3(a10.4(a), for thirty (30) days after the expiration of the General Partner's option or notice of the intention not to exercise the option as to all or part of the interest, whichever occurs earlier, the Partnership shall have an option to redeem all or any part of the remaining interest subject to this option at the price and on the terms provided in Article 11.

Appears in 1 contract

Samples: Limited Partnership Agreement (Chancellor Media Mw Sign Corp)

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