Common use of Putable Interest; Put Notice; Put Purchase Price Clause in Contracts

Putable Interest; Put Notice; Put Purchase Price. If the Partnership elects to redeem the Callable Interest, Universal, at its option, may require the Partnership to redeem any amount up to all of Universal’s remaining Partnership Interest (the “Putable Interest”) by delivering written notice (the “Put Notice”) to the Partnership within thirty (30) days of Universal’s receipt of the Call Notice (the “Put Notice Period”). The purchase price for such Putable Interest shall be equal to the product of (i) the Participating Percentage representing the Putable Interest that Universal shall have elected to redeem and (ii) the sum of (A) the Investment and (B) a rate of return on the Investment equal to 15% per annum, compounded annually, from the date of Universal’s initial investment in the Investment (the “Put Purchase Price”). The Closing of the Putable Interest shall occur in accordance with the provisions of Section 7.5.

Putable Interest; Put Notice; Put Purchase Price. If the Partnership elects to redeem the Callable Interest, Universal, at its option, may require the Partnership to redeem any amount up to all of Universal’s 's remaining Partnership Interest (the “"Putable Interest”") by delivering written notice (the “"Put Notice”") to the Partnership within thirty (30) days of Universal’s 's receipt of the Call Notice (the “"Put Notice Period”"). The purchase price for such Putable Interest shall be equal to the product of (i) the Participating Percentage representing the Putable Interest that Universal shall have elected to redeem and (ii) the sum of (A) the Investment and (B) a rate of return on the Investment equal to 15% per annum, compounded annually, from the date of Universal’s 's initial investment in the Investment (the “"Put Purchase Price”"). The Closing of the Putable Interest shall occur in accordance with the provisions of Section 7.5.