Redemption of Preferred Units. If, at any time, Preferred Shares are redeemed (whether automatically or at the option of the Initial General Partner), the Partnership shall redeem an equal number of Preferred Units of the corresponding class upon the terms set forth in Section 5.1(C).
Redemption of Preferred Units. Any redemption of Preferred Units by the Company permitted under Article III shall be conducted in accordance with this Section 3.13.
Redemption of Preferred Units. (a) From and after the date on which the Exit Term Loan B Facility is repaid, the Company may redeem, in whole or in part, the Series A Preferred Units on a pro rata basis, at such times as determined by the Board in its sole discretion. Not less than ten days prior to the effective date of any such redemption, the Company shall deliver to the Record Holders of Series A Preferred Units a written notice setting forth the aggregate number of Series A Preferred Units to be redeemed by the Company, the Record Date for such redemption, the aggregate Series A Redemption Price to be paid to the Record Holders thereof with respect thereto and the effective date on which such redemption shall occur. On the effective date of any such redemption, the Company shall pay to each Record Holder of Series A Preferred Units as of the applicable Record Date an amount equal to the product of (i) the Series A Redemption Price multiplied by (ii) the number of Series A Preferred Units held by such Record Holder which are being redeemed on such effective date. Upon the redemption of any Series A Preferred Units and the payment in full to the Record Holders thereof, such Series A Preferred Units will cease to be outstanding.
Redemption of Preferred Units. (a) In the case of Class B Preferred Units, any time and from time to time after, and in the case of Class A Preferred Units, any time and from time to time after the third anniversary of, the date (the “Issue Date”) a Preferred Unit was issued by the Company (the “Redemption Period”), the Company may, and in the case of any remaining Class B Preferred Units on the tenth anniversary of the Issue Date, the Company must, to the extent it may lawfully do so, redeem any and all Preferred Units which were issued by the Company on the Issue Date (the “Redemption Units”) by paying in cash therefor an amount (such amount being referred to herein as the “Redemption Price”) per Preferred Unit equal to the greater of (i) the Capital Account of such holder of such Preferred Unit with respect to such Unit, or (ii) the sum of (x) the Capital Contributions of such holder of such Preferred Unit with respect to such Unit, plus (y) an amount equal to all accrued and unpaid Preferred Return, if any, payable with respect to such Unit; provided that, in lieu of redemption, Class B Preferred Unit Holders may elect to convert the Class B Preferred Units to Common Units as described in Section 6.22; provided, further, that in connection with the redemption of any remaining Class B Preferred Units upon the tenth anniversary of the Issue Date, the Company may, in its sole discretion, require that the Class B Preferred Unit Holders convert the Class B Preferred Units to Common Units as described in Section 6.22.
Redemption of Preferred Units. (a) The Preferred Units held by any Preferred Member shall be redeemable by the Company, in whole but not in part, (i) at the option of the Company, at any time after the date which is at least twenty-four months after such Preferred Member's Note Conversion Date, provided that the Company simultaneously redeems the Preferred Units of all of the Preferred Members or (ii) at the option of such Preferred Member, at any time after the date which is at least six months after such Preferred Member's Note Conversion Date, in each case upon not less than 20 days' nor more than 60 days' prior written notice, or earlier, in the event of any Liquidation, upon not less than 5 days' prior written notice, in exchange for the following:
Redemption of Preferred Units. The Preferred Units are redeemable by the Corporation as provided in this Section 3.6.
Redemption of Preferred Units. Notwithstanding anything to the contrary in this Agreement, without any further action by the parties hereto, the Preferred Units will be deemed to be, and shall be, redeemed by the Company and the Preferred Members will no longer be deemed to be, and shall not be, Members of the Company with regard to such Preferred Units immediately upon the Preferred Members’ Unreturned Capital with respect to the Preferred Units being reduced to zero through Distributions made in accordance with ARTICLE V.
Redemption of Preferred Units. Subject to the terms and conditions of this Agreement, including the delivery of the certificates, agreements and other documents set forth in Section 2.02, as of the date hereof:
Redemption of Preferred Units. Any redemption of Preferred Units by the Company permitted under Article III shall be conducted in accordance with this Section 3.13. (a) The Company shall, not later than 30 days before the date fixed for redemption, give notice of redemption to the Member at its last address designated on the records of the Company or the Transfer Agent, by registered or certified mail, postage prepaid, or overnight courier of national reputation. The notice shall be deemed to have been given when so mailed. The notice shall specify the Redeemable Preferred Units, the date fixed for redemption, the place of payment, that payment of the redemption price will be made upon the redemption of the Redeemable Preferred Units (or, if later in the case of Redeemable Preferred Units evidenced by Certificates, upon surrender of the Certificates evidencing such Redeemable Preferred Units) and that on and after the date fixed for redemption no further allocations or distributions to which the Member would otherwise be entitled in respect of the Redeemable Preferred Units will accrue or be made. (b) Except as may be provided by the Unit Designation applicable to any Redeemable Preferred Units, the aggregate redemption price for Redeemable Preferred Units shall be an amount equal to the Current Market Price (the date of determination of which shall be the date fixed for redemption) of Preferred Units of the class to be so redeemed multiplied by the number of Preferred Units of each such class included among the Redeemable Preferred Units, net of any costs or expenses incurred by the Company in connection with such redemption. Subject to the Delaware Act, the redemption price shall be paid, as determined by the Company in its sole discretion, (i) in cash, (ii) by delivery of a promissory note of the Company in the principal amount of the redemption price, bearing interest at the rate of 8% annually and payable in three equal annual installments of principal together with accrued interest, the first such installment commencing one year after the redemption date (or, if later in the case of Redeemable Preferred Units evidenced by Certificates, upon surrender of the Certificates evidencing such Redeemable Preferred Units) or (iii) a combination of cash and a promissory note having the terms described in clause (ii). (c) The Member or its duly authorized representative shall be entitled to receive the payment for Redeemable Preferred Units at the place of payment specified in the notice of ...
Redemption of Preferred Units. Media shall redeem all issued and outstanding Preferred Units on or prior to the Closing Date.
