Common use of Series I Redemption Clause in Contracts

Series I Redemption. A. Series I Redemption. The Series I Preferred Units may not be redeemed prior to March 21, 2006. On or after such date, the Partnership shall have the right to redeem the Series I 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 (a "Series I Redemption"), equal to the Capital Account balance of the holder of Series I Preferred Units (the "Series I Redemption Price"); provided, however, that no redemption pursuant to this Section 21.5 will be permitted if the Series I Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series I Priority Return to the redemption date to the extent not previously distributed. If fewer than all of the outstanding Series I Preferred Units are to be redeemed, the Series I Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Series I Redemption. A. Series I Redemption. The Series I Preferred Units may not be redeemed prior to March 21, 2006. On or after such date, the Partnership shall have the right to redeem the Series I 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 (a "“Series I Redemption"”), equal to the Capital Account balance of the holder of Series I Preferred Units (the "“Series I Redemption Price"”); provided, however, that no redemption pursuant to this Section 21.5 22.5 will be permitted if the Series I Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series I Priority Return to the redemption date to the extent not previously distributed. If fewer than all of the outstanding Series I Preferred Units are to be redeemed, the Series I Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).

Series I Redemption. A. Series I Redemption. The Series I Preferred Units may not be redeemed prior to March 21, 2006. On or after such date, the Partnership shall have the right to redeem the Series I 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 (a "Series I Redemption"), equal to the Capital Account balance of the holder of Series I Preferred Units (the "Series I Redemption Price"); provided, however, that no redemption pursuant to this Section 21.5 22.5 will be permitted if the Series I Redemption Price does not equal or exceed the original Capital Contribution of such holder plus the cumulative Series I Priority Return to the redemption date to the extent not previously distributed. If fewer than all of the outstanding Series I Preferred Units are to be redeemed, the Series I Preferred Units to be redeemed shall be selected pro rata (as nearly as practicable without creating fractional units).