Common use of Right of Optional Redemption Clause in Contracts

Right of Optional Redemption. The Series A Preferred Units may not be redeemed prior to the fifth anniversary of the issuance date. On or after such date, the Partnership shall have the right to redeem the Series A Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 nor more than 60 days' written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder of Series A Preferred Units (the "Series A Redemption Price"); provided, however, that no redemption pursuant to this Section 4.5(e) will be permitted if the Series A Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i). If fewer than all of the outstanding Series A Preferred Units are to be redeemed, the Series A Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 5 contracts

Samples: Regency Centers Lp, Regency Centers Lp, Regency Centers Lp

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Right of Optional Redemption. The Series A B Preferred Units may not be redeemed prior to the fifth anniversary of the issuance date. On or after such date, the Partnership shall have the right to redeem the Series A B Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 nor more than 60 days' written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder of Series A B Preferred Units (the "Series A Redemption Price"); provided, however, that no redemption pursuant to this Section 4.5(e) 7 will be permitted if the Series A Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A B Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i4(a). If fewer than all of the outstanding Series A B Preferred Units are to be redeemed, the Series A B Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 4 contracts

Samples: Regency Centers Lp, Regency Realty Corp, Regency Centers Lp

Right of Optional Redemption. The Series A D Preferred Units may not be redeemed prior to the fifth anniversary of the issuance date. On or after such date, the Partnership shall have the right to redeem the Series A D Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 nor more than 60 days' written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder of Series A D Preferred Units (the "Series A D Redemption Price"); provided, however, that no redemption pursuant to this Section 4.5(e4.8(e)(i) will be permitted if the Series A D Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A D Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i4.8(c)(i). If fewer than all of the outstanding Series A D Preferred Units are to be redeemed, the Series A D Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 4 contracts

Samples: Regency Realty Corp, Regency Centers Corp, Regency Centers Lp

Right of Optional Redemption. The Series A C Preferred Units may not be redeemed prior to the fifth anniversary of the issuance date. On or after such date, the Partnership shall have the right to redeem the Series A C Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 nor more than 60 days' written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder of Series A C Preferred Units (the "Series A Redemption Price"); provided, however, that no redemption pursuant to this Section 4.5(e) 7 will be permitted if the Series A such Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A C Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i4(a). If fewer than all of the outstanding Series A C Preferred Units are to be redeemed, the Series A C Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 4 contracts

Samples: Regency Centers Lp, Regency Centers Corp, Regency Centers Lp

Right of Optional Redemption. The Series A D Preferred Units may not be redeemed prior to the fifth (5th) anniversary of the issuance date. On or after such date, the Partnership shall have the right to redeem the Series A D Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 thirty (30) nor more than 60 sixty (60) days' written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder holders of Series A D Preferred Units (the "Series A Redemption Price"); ) provided, however, that no redemption pursuant to this Section 4.5(e) 5 will be permitted if the Series A Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i3(a). If fewer than all of the outstanding Series A D Preferred Units are to be redeemed, the Series A D Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 3 contracts

Samples: Agreement (Cabot Industrial Properties Lp), Agreement (Cabot Industrial Properties Lp), Cabot Industrial Properties Lp

Right of Optional Redemption. The Series A E Preferred Units may not be redeemed prior to the fifth (5th) anniversary of the issuance date. On or after such date, the Partnership shall have the right to redeem the Series A E Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 thirty (30) nor more than 60 sixty (60) days' written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder holders of Series A E Preferred Units (the "Series A E Redemption Price"); provided, however, that no redemption pursuant to this Section 4.5(e) 6 will be permitted if the Series A E Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A E Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i3(a). If fewer than all of the outstanding Series A E Preferred Units are to be redeemed, the Series A E Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 3 contracts

Samples: Agreement (Cabot Industrial Properties Lp), Agreement (Cabot Industrial Properties Lp), Cabot Industrial Properties Lp

Right of Optional Redemption. The Series A E Preferred Units may not be redeemed prior to the fifth anniversary of the issuance date. On or after such date, the Partnership shall have the right to redeem the Series A E Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 nor more than 60 days' written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder of Series A E Preferred Units (the "Series A Redemption Price"); provided, however, that no redemption pursuant to this Section 4.5(e) 7 will be permitted if the Series A such Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A E Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i4(a). If fewer than all of the outstanding Series A E Preferred Units are to be redeemed, the Series A E Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 3 contracts

Samples: Regency Centers Lp, Regency Centers Lp, Regency Centers Corp

Right of Optional Redemption. The Series A F Preferred Units may not be redeemed prior to the fifth (5th) anniversary of the issuance date. On or after such date, the Partnership shall have the right to redeem the Series A F Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 thirty (30) nor more than 60 sixty (60) days' written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder holders of Series A F Preferred Units (the "Series A Redemption Price"); provided, however, that no redemption pursuant to this Section 4.5(e) 5 will be permitted if the Series A Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i3(a). If fewer than all of the outstanding Series A F Preferred Units are to be redeemed, the Series A F Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 3 contracts

Samples: Agreement (Cabot Industrial Properties Lp), Agreement (Cabot Industrial Properties Lp), Cabot Industrial Properties Lp

Right of Optional Redemption. The Series A F Preferred Units may not be redeemed prior to the fifth anniversary of the issuance date. On or after such date, the Partnership shall have the right to redeem the Series A F Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 nor more than 60 days' written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder of Series A F Preferred Units (the "Series A F Redemption Price"); ) provided, however, that no redemption pursuant to this Section 4.5(e4.l0(e)(i) will be permitted if the Series A F Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A F Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i4.l0(c)(i). If fewer than all of the outstanding Series A F Preferred Units are to be redeemed, the Series A F Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 3 contracts

Samples: Regency Centers Lp, Regency Centers Corp, Regency Centers Lp

Right of Optional Redemption. The Series A B Preferred Units may not be redeemed prior to the fifth (5th) anniversary of the issuance date. On or after such date, the Partnership shall have the right to redeem the Series A B Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 thirty (30) nor more than 60 sixty (60) days' written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder holders of Series A B Preferred Units (the "Series A Redemption Price"); provided, however, that no redemption pursuant to this Section 4.5(e) 6 will be permitted if the Series A Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i3(a). If fewer than all of the outstanding Series A B Preferred Units are to be redeemed, the Series A B Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional factional units).

Appears in 3 contracts

Samples: Agreement (Cabot Industrial Properties Lp), Agreement (Cabot Industrial Properties Lp), Cabot Industrial Trust

Right of Optional Redemption. The Series A C Preferred Units may not be redeemed prior to the fifth (5th) anniversary of the issuance date. On or after such date, the Partnership shall have the right to redeem the Series A C Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 thirty (30) nor more than 60 sixty (60) days' written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder holders of Series A C Preferred Units (the "Series A Redemption Price"); provided, however, that no redemption pursuant to this Section 4.5(e) 5 will be permitted if the Series A Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i3(a). If fewer than all of the outstanding Series A C Preferred Units are to be redeemed, the Series A C Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 3 contracts

Samples: Agreement (Cabot Industrial Properties Lp), Agreement (Cabot Industrial Properties Lp), Cabot Industrial Trust

Right of Optional Redemption. The Series A Preferred Units may ---------------------------- not be redeemed prior to the fifth anniversary of the issuance date. On or after such date, the Partnership shall have the right to redeem the Series A Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 nor more than 60 days' written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder of Series A Preferred Units (the "Series A Redemption PriceREDEMPTION PRICE"); provided, however, that no redemption pursuant ---------------- to this Section 4.5(e) SECTION 7 will be permitted if the Series A Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i4(a). If fewer than all of the outstanding Series A Preferred Units are to be redeemed, the Series A Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 1 contract

Samples: Regency Centers Lp

Right of Optional Redemption. The Series A C Preferred Units may not be redeemed prior to the fifth (5th) anniversary of the issuance date. On or after such date, the Partnership at its sole option shall have the right to redeem the Series A C Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 thirty (30) nor more than 60 sixty (60) days' written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder holders of Series A C Preferred Units (the "Series A C Redemption Price"); provided, however, that no redemption pursuant to this Section 4.5(e) 7 will be permitted if the Series A Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i)distributed. If fewer than all of the outstanding Series A C Preferred Units are to be redeemed, the Series A C Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 1 contract

Samples: Liberty Property Limited Partnership

Right of Optional Redemption. The Series A H Preferred Units may not be redeemed prior to the fifth anniversary of the issuance dateAugust 21, 2012. On or after such date, the Partnership at its sole option shall have the right to redeem the Series A H Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 thirty (30) nor more than 60 days' sixty (60) days written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder holders of Series A H Preferred Units (the "Series A H Redemption Price"); provided, however, that no redemption pursuant to this Section 4.5(e) 6 will be permitted if the Series A Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i)distributed. If fewer than all of the outstanding Series A H Preferred Units are to be redeemed, the Series A H Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 1 contract

Samples: Liberty Property Limited Partnership

Right of Optional Redemption. The Except as provided in Section (4)(d) and Section (6)(a)(ii), the Series A B Preferred Units may not be redeemed prior to the fifth anniversary of the issuance dateFebruary 24, 2009. On or after such date, the Partnership shall have the right to redeem the Series A B Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 nor more than 60 days' written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder holders of Series A B Preferred Units (the "Series A Redemption PriceSERIES B REDEMPTION PRICE"); provided, however, that no redemption pursuant to this Section 4.5(e) SECTION will be permitted if the Series A B Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i)distributed. If fewer than all of the outstanding Series A B Preferred Units are to be redeemed, the Series A B Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 1 contract

Samples: Colonial Properties Trust

Right of Optional Redemption. The Series A F Preferred Units may not be redeemed prior to the fifth anniversary of the issuance dateJune 30, 2010. On or after such date, the Partnership at its sole option shall have the right to redeem the Series A F Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 thirty (30) nor more than 60 days' sixty (60) days written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder holders of Series A F Preferred Units (the "Series A F Redemption Price"); provided, however, that no redemption pursuant to this Section 4.5(e) 6 will be permitted if the Series A Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i)distributed. If fewer than all of the outstanding Series A F Preferred Units are to be redeemed, the Series A F Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 1 contract

Samples: Liberty Property Limited Partnership

Right of Optional Redemption. The Series A Preferred Units may ---------------------------- not be redeemed prior to the fifth anniversary of the issuance date. On or after such date, the Partnership shall have the right to redeem the Series A Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 nor more than 60 days' written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder of Series A Preferred Units (the "Series A Redemption Price"); provided, however, that no redemption ---------------- pursuant to this Section 4.5(e) 16.4 will be permitted if the Series A Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A Priority Return, whether or not declared, Return to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i)distributed. If fewer than all of the outstanding Series A Preferred Units are to be redeemed, the Series A Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 1 contract

Samples: Kilroy Realty Corp

Right of Optional Redemption. The Series A D Preferred Units may not be redeemed prior to the fifth anniversary of the issuance dateApril 20, 2003. On or after such date, the Partnership shall have the right to redeem the Series A D Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 nor more than 60 days' written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder holders of Series A D Preferred Units (the "Series A D Redemption Price"); provided, however, that no redemption pursuant to this Section 4.5(e) 4.14 will be permitted if the Series A D Redemption Price does not equal or exceed the original Capital Contribution of such holder holders plus the cumulative Series A Priority D Preferred Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i)distributed. If fewer than all of the outstanding Series A D Preferred Units are to be redeemed, the Series A D Preferred Units to be redeemed shall be selected pro rata (based on the percentage of the aggregate number of Series D Preferred Units that the total number of Series D Preferred Units held by a holder represents) (as nearly as practicable without creating fractional units).

Appears in 1 contract

Samples: Spieker Properties L P

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Right of Optional Redemption. The Series A G Preferred Units may not be redeemed prior to the fifth anniversary of the issuance dateDecember 12, 2011. On or after such date, the Partnership at its sole option shall have the right to redeem the Series A G Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 thirty (30) nor more than 60 days' sixty (60) days written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder holders of Series A G Preferred Units (the "Series A G Redemption Price"); provided, however, that no redemption pursuant to this Section 4.5(e) 6 will be permitted if the Series A Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i)distributed. If fewer than all of the outstanding Series A G Preferred Units are to be redeemed, the Series A G Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 1 contract

Samples: Liberty Property Trust

Right of Optional Redemption. The Series A D Preferred Units may not be redeemed prior to the fifth anniversary of the issuance dateSeptember 3, 2004. On or after such date, the Partnership shall have the right to redeem the Series A D Preferred UnitsUnits of any holder thereof, in whole or in part, at any time or from time to time, upon not less than 30 days nor more than 60 days' days written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the such holder of Series A D Preferred Units (the "Series A D Redemption Price"); provided, however, that no redemption pursuant to this Section 4.5(e) 1.4 of Exhibit I will be permitted if the Series A D Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A D Priority Return, whether or not declared, Return to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i)distributed. If fewer than all of the outstanding Series A D Preferred Units are to be redeemed, the Series A D Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 1 contract

Samples: Post Apartment Homes Lp

Right of Optional Redemption. The Series A D Preferred Units may not be redeemed prior to the fifth (5th) anniversary of the issuance date. On or after such date, the Partnership shall have the right to redeem the Series A D Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 thirty (30) nor more than 60 days' sixty (60) days written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder Holders of Series A D Preferred Units (the "Series A D Redemption Price"); provided, however, that no redemption pursuant to this Section 4.5(e) 19.6 will be permitted if the Series A D Redemption Price does not equal or exceed the original Capital Contribution of such holder Holder plus the cumulative Series A D Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i)distributed. If fewer than all of the outstanding Series A D Preferred Units are to be redeemed, the Series A D Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 1 contract

Samples: Kilroy Realty Corp

Right of Optional Redemption. The Without limiting Section 4.2.10.8(a)(ii) or (iii), the Series A D Preferred Units may not be redeemed prior to the fifth anniversary of the issuance date. On or after such date, the Partnership shall have the right to redeem the Series A D Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 nor more than 60 days' written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder holders of Series A D Preferred Units (the "Series A Redemption Price"); provided, however, that no redemption pursuant to this Section 4.5(e) 4.2.10.5 will be permitted if the Series A Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Stated Value per Series A Priority Return, whether or not declared, D Preferred Unit and all accrued and unpaid distributions thereon to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i)date. If fewer than all of the outstanding Series A D Preferred Units are to be redeemed, the Series A D Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 1 contract

Samples: Urban Shopping Centers Inc

Right of Optional Redemption. The Except as provided in Section (4)(d) and Section (6)(a)(ii), the Series A B Preferred Units may not be redeemed prior to the fifth anniversary of the issuance dateFebruary 24, 2009. On or after such date, the Partnership shall have the right to redeem the Series A B Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 nor more than 60 days' written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder holders of Series A B Preferred Units (the "Series A Redemption Price"“SERIES B REDEMPTION PRICE”); provided, however, that no redemption pursuant to this Section 4.5(e) SECTION will be permitted if the Series A B Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i)distributed. If fewer than all of the outstanding Series A B Preferred Units are to be redeemed, the Series A B Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 1 contract

Samples: Colonial Properties Trust

Right of Optional Redemption. The Series A F Preferred Units may not be redeemed prior to the fifth anniversary of the issuance date. On or after such date, the Partnership shall have the right to redeem the Series A F Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 nor more than 60 days' written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder of Series A F Preferred Units (the "Series A F Redemption Price"); provided, however, that no redemption pursuant to this Section 4.5(e4.10(e)(i) will be permitted if the Series A F Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A F Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i4.10(c)(i). If fewer than all of the outstanding Series A F Preferred Units are to be redeemed, the Series A F Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 1 contract

Samples: Regency Centers Lp

Right of Optional Redemption. The Series A Preferred Units may not be redeemed prior to the fifth (5th) anniversary of the issuance date. On or after such date, the Partnership shall have the right to redeem the Series A Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 thirty (30) nor more than 60 days' sixty (60) days written notice, at a redemption price, payable in cash, equal to the Capital Account capital account balance of the holder holders of Series A Preferred Units (the "Series SERIES A Redemption PriceREDEMPTION PRICE"); provided, however, that no redemption pursuant to this Section 4.5(e) SECTION 16.6 will be permitted if the Series A Redemption Price does not equal or exceed the original Capital Contribution of such holder $25.00 per Series A Preferred Unit plus the cumulative Series A Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i)distributed. If fewer than all of the outstanding Series A Preferred Units are to be redeemed, the Series A Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 1 contract

Samples: Sun Communities Inc

Right of Optional Redemption. The Series A D Preferred Units may not be redeemed prior to the fifth (5th) anniversary of the issuance date. On or after such date, the Partnership at its sole option shall have the right to redeem the Series A D Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 thirty (30) nor more than 60 days' sixty (60) days written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder holders of Series A D Preferred Units (the "Series A D Redemption Price"); provided, however, that no redemption pursuant to this Section 4.5(e) 6 will be permitted if the Series A Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i)distributed. If fewer than all of the outstanding Series A D Preferred Units are to be redeemed, the Series A D Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 1 contract

Samples: Liberty Property Limited Partnership

Right of Optional Redemption. The Series A B Preferred Units may not be redeemed prior to the fifth (5th) anniversary of the issuance date. On or after such date, the Partnership at its sole option shall have the right to redeem the Series A B Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 thirty (30) nor more than 60 sixty (60) days' written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder holders of Series A B Preferred Units (the "Series A B Redemption Price"); provided, however, that no redemption pursuant to this Section 4.5(e) 6 will be permitted if the Series A Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i)distributed. If fewer than all of the outstanding Series A B Preferred Units are to be redeemed, the Series A B Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 1 contract

Samples: Liberty Property Limited Partnership

Right of Optional Redemption. The Series A Preferred Units may not ---------------------------- be redeemed prior to the fifth anniversary of the issuance date. On or after such date, the Partnership shall have the right to redeem the Series A Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 nor more than 60 days' written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder of Series A Preferred Units (the "Series A Redemption Price"); provided, however, that no redemption pursuant ---------------- to this Section 4.5(e) 16.4 will be permitted if the Series A Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A Priority Return, whether or not declared, Return to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i)distributed. If fewer than all of the outstanding Series A Preferred Units are to be redeemed, the Series A Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 1 contract

Samples: National Golf Properties Inc

Right of Optional Redemption. The Series A E Preferred Units may not be redeemed prior to the fifth (5th) anniversary of the issuance date. On or after such date, the Partnership at its sole option shall have the right to redeem the Series A E Preferred Units, in whole or in part, at any time or from time to time, upon not less than 30 thirty (30) nor more than 60 days' sixty (60) days written notice, at a redemption price, payable in cash, equal to the Capital Account balance of the holder holders of Series A E Preferred Units (the "Series A E Redemption Price"); provided, however, that no redemption pursuant to this Section 4.5(e) 6 will be permitted if the Series A Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series A Priority Return, whether or not declared, to the redemption date to the extent not previously distributed or distributed on the redemption date pursuant to Section 4.5(c)(i)distributed. If fewer than all of the outstanding Series A E Preferred Units are to be redeemed, the Series A E Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Appears in 1 contract

Samples: Liberty Property Trust

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