Common use of Redemption of Preferred Partnership Units Clause in Contracts

Redemption of Preferred Partnership Units. Upon an Advance/Newhxxxx Xxxemption Event, TWE Redemption Event, or Paragon Redemption Event, Advance/Newhxxxx, XXE or Paragon, respectively, shall have the option to require the Partnership to redeem all or some of the Preferred Partnership Units held by such Partner. Such redemption option shall be exercisable by delivery of a written notice (the "Redemption Notice") to the Partnership indicating that an Advance/Newhxxxx Xxxemption Event, TWE Redemption Event or Paragon Redemption Event, as applicable, has occurred, and setting forth the number of Preferred Partnership Units to be redeemed by the Partnership (the "Redeemed Preferred Partnership Units"). As soon as reasonably practicable, but no later than five business days following the delivery of the Redemption Notice, the Partnership shall distribute to Advance/Newhxxxx, XXE, or Paragon, as applicable, the applicable Preferred Investment Pool (or pro rata portion thereof based on the ratio of the number of Redeemed Preferred Partnership Units to the total number of Preferred Partnership Units held by Advance/Newhxxxx, XXE or Paragon, as applicable).

Redemption of Preferred Partnership Units. Upon an Advance/Newhxxxx Xxxemption Xxxxxxxx Redemption Event, TWE Redemption Event, or Paragon Redemption Event, Advance/NewhxxxxXxxxxxxx, XXE TWE or Paragon, respectively, shall have the option to require the Partnership to redeem all or some of the Preferred Partnership Units held by such Partner. Such redemption option shall be exercisable by delivery of a written notice (the "Redemption Notice") to the Partnership indicating that an Advance/Newhxxxx Xxxemption Xxxxxxxx Redemption Event, TWE Redemption Event Event, or Paragon Redemption Event, as applicable, has occurred, and setting forth the number of Preferred Partnership Units to be redeemed by the Partnership (the "Redeemed Preferred Partnership Units"). As soon as reasonably practicable, but no later than five business days following the delivery of the Redemption Notice, the Partnership shall distribute to Advance/NewhxxxxXxxxxxxx, XXE, TWE or Paragon, as applicable, the applicable Preferred Investment Pool (or pro rata portion thereof based on the ratio of the number of Redeemed Preferred Partnership Units to the total number of Preferred Partnership Units held by Advance/NewhxxxxXxxxxxxx, XXE TWE or Paragon, as applicable).