Payment for Partnership Interest. (a) If any Limited Partner's interest in the Partnership is purchased because of the occurrence of a Terminating Event, the amount the Partnership will pay for each Unit owned by such Partner shall be equal to the Valuation Price as of the day on which the sixty (60) day exercise period began to run.
Payment for Partnership Interest. (a) If any Limited Partner’s interest in the Partnership is purchased because of the occurrence of a Terminating Event, the amount the Partnership will pay for each Unit owned by such Partner shall be equal to the Valuation Price.
Payment for Partnership Interest. At the Closing, Coda shall convey and assign its partnership interest in Taurus L.P. to CHC for $420,000 cash (the "GP CONSIDERATION"). The GP Consideration and the Holdings Consideration shall be collectively referred to herein as the "MERGER CONSIDERATION."
Payment for Partnership Interest. (a) If any Limited Partner’s interest in the Partnership is liquidated because of the occurrence of a Terminating Event, the amount the Partnership will pay for such interest shall be equal to the greater of the fair market value of such Partnership interest, as determined in accordance with Section 13.03(c), or the amount the Partner paid to acquire such interest less any distributions to such Partner pursuant to Article VI.
Payment for Partnership Interest. 7.3.1 If any Class C Limited Partner's or any Class B Limited Partner's interest in the Partnership is purchased because of the occurrence of a Terminating Event, the amount the Partnership will pay for each Unit owned by such Partner shall be equal to the Valuation Price.
Payment for Partnership Interest. (a) If any Limited Partner's interest in the Partnership is purchased because of the occurrence of a Terminating Event, the amount the Partnership will pay for each Unit owned by such Partner shall be equal to the Valuation Price as of the day on which the sixty (60) day exercise period began to run. (b) If the Partnership purchases any Limited Partner's interest in the Partnership as a result of an Adverse Terminating Event, the amount to be paid by the Partnership to such Partner shall be equal to the lesser of (i) the Valuation Price; or (ii) the amount paid by the Limited Partner to acquire his Units less any distributions to such Partner pursuant to Section 6.1 hereof. (c) If the Partnership purchases any Limited Partner's interest in the Partnership as provided in this Section 13.3, the Partnership shall pay any such amounts owed therefor to such Partner or its successor, at the discretion of the General Partner, in a lump sum or in up to sixty (60) equal monthly payments with interest at the "prime" rate as published from time to time in the Money Rates section of the Wall Street Journal (the "Prime Rate") on the unpaid principal balance or, provided that IASIS has a class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and is required to file reports pursuant to Section 15(d) of the Exchange Act, in restricted or unrestricted shares of such securities. If the General Partner exercises its discretion to pay for a Partnership interest in monthly installments, the first such installment will be paid to the Partner or his successor in interest on the first 24 <PAGE> day of the month after thirty (30) days have expired since the Partner's interest in the Partnership has been purchased. Each subsequent installment shall be paid on the first day of each successive month until the full amount owed to the Partner or his successor in interest has been paid. The Partnership's obligation to pay the Partner in monthly installments under this Section 13.3 will be evidenced by a nonrecourse promissory note secured by the Partnership interest purchased and executed by the General Partner on behalf of the Partnership. If the General Partner exercises its discretion to pay for a Partnership interest in the class of IASIS securities registered under the Exchange Act, such securities shall be valued at the average of the closing price of such securities for the fifteen (15) trading days immediately prio...
Payment for Partnership Interest. (a) If any Limited Partner's interest in the Partnership is purchased because of the occurrence of a Terminating Event prior to the third anniversary of the date of this Agreement, the amount the Partnership will pay for each Unit owned by such Partner shall be equal to the greater of (i) the "Fair Market Value" of each of its Units, as determined in accordance with Section 14.3(c); or (ii) the amount the Partner paid to acquire its Units less any distributions to such Partner pursuant to Section 6.1 hereof; and if any Limited Partner's interest in the Partnership is purchased because of the occurrence of a Terminating Event on or after the third anniversary of the date of this Agreement, the amount the partnership will pay for each Unit owned by such Partner shall be equal to the Fair Market Value of each of his Units, as determined in accordance with Section 14.3(c) hereof.
Payment for Partnership Interest. (a) If any Class A Limited Partner's interest in the Partnership is liquidated because of the occurrence of a Terminating Event prior to the third anniversary of the date of this Agreement, the amount the Partnership will pay for each Unit owned by such Partner shall be equal to the greater of (i)
Payment for Partnership Interest. (a) If any Class A or Class C Limited Partner’s interest in the Partnership is liquidated because of the occurrence of a Terminating Event prior to the third anniversary of the date of this Agreement, the amount the Partnership will pay for each Unit owned by such Partner shall be equal to the greater of (i) the “Fair Market Value” of each of his Units, as determined in accordance with Section 14.3(c). or (ii) the amount the Partner paid to acquire his Units less any distributions to such Partner pursuant to Section 6.1hereof; and if any Class A or Class C Limited Partner’s interest in the Partnership is liquidated because of the occurrence of a Terminating Event on or after the third anniversary of the date of this Agreement, the amount the Partnership will pay for each Unit owned by such Partner shall be equal to the “Fair Market Value” of each of his units as determined in accordance with Section 14.3(c)
Payment for Partnership Interest. The purchase price of the Partnership Interest purchased under Section 7.8 (and Section 7.7 if applicable) shall be the purchase price for such Partnership Interest disclosed in the Valuation Notice. Such purchase price shall be payable by payment of the full purchase price in cash, or, in the discretion of the purchasing Partner or Partners (except as provided in Section 7.7 with respect to the withdrawal or deemed withdrawal under the Act of a General Partner), in whole or in part by delivery of promissory notes of such purchasing Partner or Partners, which notes shall be based upon the following terms and conditions:
