Common use of Purchases of Shares by the General Partner Clause in Contracts

Purchases of Shares by the General Partner. If the General Partner purchases shares in connection with a share repurchase or similar program or for the purpose of delivering those shares to satisfy an obligation under any dividend reinvestment or equity purchase program adopted by the General Partner, any employee equity purchase plan adopted by the General Partner or any similar obligation or arrangement undertaken by the General Partner in the future, the purchase price paid by the General Partner for those shares and any other expenses incurred by the General Partner in connection with that purchase shall be considered expenses of the Partnership and shall be reimbursable to the General Partner, subject to the conditions that: (i) if those shares are subsequently sold by the General Partner, the General Partner shall pay to the Partnership any proceeds received by the General Partner for those shares (provided that a transfer of shares for Partnership Units pursuant to Section 8.6 would not be considered a sale for this purpose); and (ii) if the shares are not retransferred by the General Partner within thirty (30) days after the purchase of the shares, the General Partner shall cause the Partnership to cancel a number of Partnership Units held by the General Partner equal to the number of shares purchased.

Purchases of Shares by the General Partner. If the General Partner purchases shares exercises its rights under the Charter to purchase Shares or otherwise elects or is required to purchase from its shareholders Shares in connection with a share repurchase or similar program or otherwise, or for the purpose of delivering those shares such Shares to satisfy an obligation under any dividend reinvestment or equity purchase program adopted by the General Partner, any employee equity purchase plan adopted by the General Partner or any similar obligation or arrangement undertaken by the General Partner in the future, the purchase price paid by the General Partner for those shares Shares and any other expenses incurred by the General Partner in connection with that such purchase shall be considered expenses of the Partnership and shall be reimbursable to the General Partner, subject to the conditions that: (i) if those shares Shares subsequently are subsequently to be sold by the General Partner, the General Partner shall pay to the Partnership any proceeds received by the General Partner for those shares Shares (provided provided, however, that a transfer of shares Shares for Partnership Units pursuant to Section 8.6 would not be considered a sale for this purposesuch purposes); and (ii) if the shares such Shares are required to be cancelled pursuant to applicable law or are not retransferred by the General Partner within thirty (30) days after the purchase of the sharesthereof, the General Partner shall cause the Partnership to cancel a number of Partnership Units (rounded to the nearest whole Partnership Unit) held by the General Partner equal to the product attained by multiplying the number of shares purchasedthose Shares by a fraction, the numerator of which is one and the denominator of which is the Conversion Factor.