Redemption Rights of Qualifying Parties. A. After the applicable Fourteen-Month Period, a Qualifying Party shall have the right (subject to the terms and conditions set forth herein) to require the Partnership to redeem all or a portion of the Partnership Common Units held by such Tendering Party (Partnership Common Units that have in fact been tendered for redemption being hereafter referred to as “Tendered Units”) in exchange (a “Redemption”) for the Cash Amount payable on the Specified Redemption Date. The Partnership may, in the General Partner’s sole and absolute discretion,
Appears in 7 contracts
Samples: Limited Partnership Agreement (American Assets Trust, Inc.), Assignment Agreement (American Assets Trust, Inc.), Agreement of Limited Partnership (American Assets Trust, Inc.)
Redemption Rights of Qualifying Parties. A. After the applicable Fourteen-Month Period, a Qualifying Party shall have the right (subject to the terms and conditions set forth herein) to require the Partnership to redeem all or a portion of the Partnership Common Units held by such Tendering Party (Partnership Common Units that have in fact been tendered for redemption being hereafter referred to as “Tendered Units”) in exchange (a “Redemption”) for the Cash Amount payable on the Specified Redemption Date. The Partnership may, in the General Partner’s sole and absolute discretion,
Appears in 4 contracts
Samples: Contribution Agreement (American Assets Trust, Inc.), Merger Agreement (American Assets Trust, Inc.), Contribution Agreement (American Assets Trust, Inc.)
Redemption Rights of Qualifying Parties. A. After the applicable FourteenTwelve-Month Period, a Qualifying Party shall have the right (subject to the terms and conditions set forth herein) to require the Partnership to redeem all or a portion of the Partnership Common Units held by such Tendering Party (Partnership Common Units that have in fact been tendered for redemption being hereafter referred to as “"Tendered Units”") in exchange (a “"Redemption”") for the Cash Amount payable on the Specified Redemption Date. The Partnership may, in the Managing General Partner’s 's sole and absolute discretion,absolute
Appears in 1 contract
