Common use of Payment of Cash or Issuance of Shares Clause in Contracts

Payment of Cash or Issuance of Shares. At the closing of the redemption or purchase and sale of Series B Preferred Units pursuant to an exercise of Redemption Rights by a Contributing Party, the Partnership shall deliver to such Contributing Party the Cash Purchase Price by check or, in the event that the General Partner has assumed the obligations of the Partnership with respect to such exercise of Redemption Rights, the General Partner shall deliver to such Contributing Party, at the election of the General Partner (which may be exercised in the General Partner's sole discretion) either (a) the Cash Purchase Price by check or (b) certificates representing the Shares and any other securities and/or other property constituting the Share Purchase Price, together with cash in lieu of the issuance of any fraction of a Share as provided in Section 2(e), or a combination thereof. In addition, in the event that the General Partner has assumed the obligations of the Partnership with respect to such exercise of Redemption Rights and delivers the Share Purchase Price, the General Partner also shall pay to such Contributing Partner the accrued and unpaid distributions in respect of the Series B Preferred Units that are acquired by the General Partner.

Payment of Cash or Issuance of Shares. At the closing of the redemption or purchase and sale of Series B C Preferred Units pursuant to an exercise of Redemption Rights by a the Contributing Party, the Partnership shall deliver to such the Contributing Party the Cash Purchase Price by check or, in the event that the General Partner has assumed the obligations of the Partnership with respect to such exercise of Redemption Rights, the General Partner shall deliver to such the Contributing Party, at the election of the General Partner (which may be exercised in the General Partner's sole discretion) either (a) the Cash Purchase Price by check or (b) certificates representing the Shares and any other securities and/or other property constituting the Share Purchase Price, together with cash in lieu of the issuance of any fraction of a Share as provided in Section 2(e), or a combination thereof. In addition, in the event that the General Partner has assumed the obligations of the Partnership with respect to such exercise of Redemption Rights and delivers the Share Purchase Price, the General Partner also shall pay to such the Contributing Partner Party the accrued accumulated and unpaid distributions in respect of the Series B C Preferred Units that are acquired by the General Partner.