Common use of Right of Optional Redemption Clause in Contracts

Right of Optional Redemption. Except as expressly provided herein, the Series B Preferred Partnership Units are not redeemable prior to May 18, 2016. On and after May 18, 2016, the Partnership, at its option and upon not less than 30 nor more than 60 days’ written notice, may redeem the Series B Preferred Partnership Units, in whole or in part, at any time or from time to time, for cash at a redemption price of $25.00 per share, plus an amount equal to all accrued and unpaid distributions thereon to the date fixed for redemption (except as provided in Section 5(c) below), without interest. If less than all of the outstanding Series B Preferred Partnership Units are to be redeemed, the Series B Preferred Partnership Units to be redeemed shall be selected pro rata (as nearly as may be practicable without creating fractional units) or by any other equitable method determined by the Partnership.

Right of Optional Redemption. Except as expressly provided herein, the Series B A Preferred Partnership Units are not redeemable prior to May 18August 5, 20162010. On and after May 18August 5, 20162010, the Partnership, at its option and upon not less than 30 nor more than 60 days’ written notice, may redeem the Series B A Preferred Partnership Units, in whole or in part, at any time or from time to time, for cash at a redemption price of $25.00 per share, plus an amount equal to all accrued and unpaid distributions thereon to the date fixed for redemption (except as provided in Section 5(c) below), without interest. If less than all of the outstanding Series B A Preferred Partnership Units are to be redeemed, the Series B A Preferred Partnership Units to be redeemed shall be selected pro rata (as nearly as may be practicable without creating fractional units) or by any other equitable method determined by the Partnership.

Right of Optional Redemption. Except as expressly provided herein, the Series B C Preferred Partnership Units are not redeemable prior to May 18March 6, 20162018. On and after May 18March 6, 20162018, the Partnership, at its option and upon not less than 30 nor more than 60 days’ written notice, may redeem the Series B C Preferred Partnership Units, in whole or in part, at any time or from time to time, for cash at a redemption price of $25.00 per share, plus an amount equal to all accrued and unpaid distributions thereon to the date fixed for redemption (except as provided in Section 5(c) below), without interest. If less than all of the outstanding Series B C Preferred Partnership Units are to be redeemed, the Series B C Preferred Partnership Units to be redeemed shall be selected pro rata (as nearly as may be practicable without creating fractional units) or by any other equitable method determined by the Partnership.

Right of Optional Redemption. Except as expressly provided herein, the Series B D Preferred Partnership Units are not redeemable prior to May 1831, 20162021. On and after May 1831, 20162021, the Partnership, at its option and upon not less than 30 nor more than 60 days’ written notice, may redeem the Series B D Preferred Partnership Units, in whole or in part, at any time or from time to time, for cash at a redemption price of $25.00 per share, plus an amount equal to all accrued and unpaid distributions thereon to the date fixed for redemption (except as provided in Section 5(c) below), without interest. If less than all of the outstanding Series B D Preferred Partnership Units are to be redeemed, the Series B D Preferred Partnership Units to be redeemed shall be selected pro rata (as nearly as may be practicable without creating fractional units) or by any other equitable method determined by the Partnership.