Common use of Procedures of Redemption Clause in Contracts

Procedures of Redemption. (i) At any time that PPI exercises its right to redeem all or any of the Series B Preferred Shares, the General Partner shall exercise its right to cause the Partnership to redeem an equal number of Series B Preferred Partnership Units in the manner set forth herein.

Procedures of Redemption. (i) At any time that PPI exercises its right to redeem all or any of the Series B C Preferred Shares, the General Partner shall exercise its right to cause the Partnership to redeem an equal number of Series B C Preferred Partnership Units in the manner set forth herein.