Common use of Repurchase of Shares Clause in Contracts

Repurchase of Shares. In the event the General Partner exercises its rights under the Articles of Incorporation to purchase Shares or otherwise elects to purchase from its stockholders Shares in connection with a stock repurchase or similar program or for the purpose of delivering such shares to satisfy an obligation under any dividend reinvestment or stock purchase program adopted by the General Partner, any employee stock purchase plan adopted by the General Partner or any similar obligation or arrangement undertaken by the General Partner in the future, then the General Partner shall cause the Partnership to purchase from the General Partner that number of Partnership Units of the appropriate class equal to the product obtained by multiplying the number of Shares purchased by the General Partner times a fraction, the numerator of which is one and the denominator of which is the Conversion Factor, on the same terms and for the same aggregate price that the General Partner purchased such Shares.

Repurchase of Shares. In the event If the General Partner exercises its rights under the Articles Declaration of Incorporation Trust to purchase Shares or otherwise elects to purchase from its stockholders shareholders Shares in connection with a stock share repurchase or similar program or for the purpose of delivering such shares to satisfy an obligation under any dividend reinvestment or stock share purchase program adopted by the General Partner, any employee stock share purchase plan adopted by the General Partner or any similar obligation or arrangement undertaken by the General Partner in the future, then the General Partner shall cause the Partnership to purchase from the General Partner that number of Partnership Units of the appropriate class equal to the product obtained by multiplying the number of Shares purchased by the General Partner times a fraction, the numerator of which is one and the denominator of which is the Conversion Factor, on the same terms and for the same aggregate price that the General Partner purchased such Shares.

Repurchase of Shares. In the event the General Partner exercises its rights under the Articles Declaration of Incorporation Trust to purchase Shares or otherwise elects to purchase from its stockholders Shares in connection with a stock repurchase or similar program or for the purpose of delivering such shares to satisfy an obligation under any dividend reinvestment or stock purchase program adopted by the General Partner, any employee stock purchase plan adopted by the General Partner or any similar obligation or arrangement undertaken by the General Partner in the future, then the General Partner shall cause the Partnership to purchase from the General Partner that number of Partnership Units of the appropriate class equal to the product obtained by multiplying the number of Shares purchased by the General Partner times a fraction, the numerator of which is one and the denominator of which is the Conversion Factor, on the same terms and for the same aggregate price that the General Partner purchased such Shares.

Repurchase of Shares. In If the event the Managing General Partner exercises its rights under the Articles Declaration of Incorporation Trust to purchase Shares or otherwise elects to purchase from its stockholders shareholders Shares in connection with a stock share repurchase or similar program or for the purpose of delivering such shares to satisfy an obligation under any dividend reinvestment or stock share purchase program adopted by the Managing General Partner, any employee stock share purchase plan adopted by the Managing General Partner or any similar obligation or arrangement undertaken by the Managing General Partner in the future, then the Managing General Partner shall cause the Partnership to purchase from the Managing General Partner that number of Partnership Units of the appropriate class equal to the product obtained by multiplying the number of Shares purchased by the Managing General Partner times a fraction, the numerator of which is one and the denominator of which is the Conversion Factor, on the same terms and for the same aggregate price that the Managing General Partner purchased such Shares.

Repurchase of Shares. In the event the General Partner exercises its rights under the Articles of Incorporation to purchase Shares or otherwise elects to purchase from its stockholders shareholders Shares in connection with a stock repurchase or similar program or for the purpose of delivering such shares to satisfy an obligation under any dividend reinvestment or stock purchase program adopted by the General Partner, any employee stock purchase plan adopted by the General Partner or any similar obligation or arrangement undertaken by the General Partner in the future, then the General Partner shall cause the Partnership to purchase from the General Partner that number of Partnership Units of the appropriate class equal to the product obtained by multiplying the number of Shares purchased by the General Partner times a fraction, the numerator of which is one and the denominator of which is the Conversion Factor, on the same terms and for the same aggregate price that the General Partner purchased such Shares.

Repurchase of Shares. In the event If the General Partner exercises its rights under the Articles Declaration of Incorporation Trust to purchase Shares or otherwise elects to purchase from its stockholders shareholders Shares in connection with a stock share repurchase or similar program or for the purpose of delivering such shares Shares to satisfy an obligation under any dividend reinvestment or stock share purchase program adopted by the General Partner, any employee stock share purchase plan adopted by the General Partner or any similar obligation or arrangement undertaken by the General Partner in the future, then the General Partner shall cause the Partnership to purchase from the General Partner that number of Partnership Units of the appropriate class equal to the product obtained by multiplying the number of Shares purchased by the General Partner times a fraction, the numerator of which is one and the denominator of which is the Conversion Factor, on the same terms and for the same aggregate price that the General Partner purchased such Shares.