Common use of Partnership’s Optional Redemption Rights Clause in Contracts

Partnership’s Optional Redemption Rights. (i) The General Partner shall have the right, on the Series B Redemption Right Trigger Date and on each anniversary of the Series B Redemption Right Trigger Date, to cause the Partnership to redeem the Series B Preferred Units, in whole or in part, from any source of funds legally available for such purpose. The General Partner shall provide written notice to the Series B Holders of its intent to exercise the redemption rights described in the preceding sentence no less than 60 calendar days prior to any such redemption date. Additionally, any cash payment to Series B Holders pursuant to this paragraph shall be subject to the limitations contained in the Partnership’s senior bank credit facility and in any other agreements governing the Partnership’s indebtedness. Any such redemption effected pursuant to this paragraph shall occur on the Series B Redemption Date. (ii) Subject to the Act and Section 7(c) below, the Partnership shall effect any such redemption described in Section 7(a)(i) by paying cash for each Series B Preferred Unit to be redeemed equal to the Series B Redemption Price. So long as the Series B Preferred Units are held in book-entry form with the Series B Transfer Agent, the Series B Redemption Price shall be paid by the Partnership through the Series B Transfer Agent to the Series B Holders on the Series B Redemption Date; provided that, at any time the General Partner is acting in the capacity of the Series B Transfer Agent, the Series B Redemption Price shall be paid by the Partnership directly to the Series B Holders on the Series B Redemption Date.

Partnership’s Optional Redemption Rights. (i) The General Partner shall have the right, on the Series B A-1 Redemption Right Trigger Date and on each anniversary of the Series B A-1 Redemption Right Trigger Date, to cause the Partnership to redeem the Series B A-1 Preferred Units, in whole or in part, from any source of funds legally available for such purpose. The General Partner shall provide written notice to the Series B A-1 Holders of its intent to exercise the redemption rights described in the preceding sentence no less than 60 calendar days prior to any such redemption date. Additionally, any cash payment to Series B A-1 Holders pursuant to this paragraph shall be subject to the limitations contained in the Partnership’s senior bank credit facility and in any other agreements governing the Partnership’s indebtedness. Any such redemption effected pursuant to this paragraph shall occur on the Series B A-1 Redemption Date. (ii) Subject to the Act and Section 7(c) below, the Partnership shall effect any such redemption described in Section 7(a)(i) by paying cash for each Series B A-1 Preferred Unit to be redeemed equal to the Series B A-1 Redemption Price. So long as the Series B A-1 Preferred Units are held in book-entry form with the Series B A-1 Transfer Agent, the Series B A-1 Redemption Price shall be paid by the Partnership through the Series B A-1 Transfer Agent to the Series B A-1 Holders on the Series B A-1 Redemption Date; provided that, at any time the General Partner is acting in the capacity of the Series B A-1 Transfer Agent, the Series B A-1 Redemption Price shall be paid by the Partnership directly to the Series B A-1 Holders on the Series B A-1 Redemption Date.