Common use of Term of Rights Clause in Contracts

Term of Rights. Unless sooner terminated, the rights of the parties with respect to the Redemption Rights shall commence as of the date which is one (1) year after the date of this Agreement and lapse for all purposes and in all respects upon the termination of the Partnership; provided, however, that the parties hereto shall continue to be bound by an Exercise Notice delivered to the General Partner prior to such termination.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Philips International Realty Corp), Limited Partnership Agreement (Philips International Realty Corp), Limited Partnership Agreement (Philips International Realty Corp)

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Term of Rights. Unless sooner terminated, the rights of the parties with respect to the Redemption Rights shall commence as of the date which is one (1) year after the date of this Agreement hereof and lapse for all purposes and in all respects upon on the termination of date that the PartnershipPartnership is dissolved; provided, however, that the parties hereto shall continue to be bound by an a Redemption Exercise Notice delivered to the General Partner prior to such terminationdate.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Stonehaven Realty Trust), Limited Partnership Agreement (Liberty Self Stor Inc)

Term of Rights. Unless sooner terminated, the rights of the parties with respect to the Redemption Rights shall commence as of the date which is one (1) year after the date of this Agreement and lapse for all purposes and in all respects upon the termination of the Partnership; providedPROVIDED, howeverHOWEVER, that the parties hereto shall continue to be bound by an Exercise Notice delivered to the General Partner Partner, on behalf of the Partnership, prior to such termination.

Appears in 1 contract

Samples: Second Amended and Restated Agreement of Limited Partnership (Mack Cali Realty L P)

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Term of Rights. Unless sooner terminated, the rights of the -------------- parties with respect to the Redemption Rights shall commence as of the later of the Offering and the date which is one (1) year after the date of this Agreement the issuance of the Partnership Units and lapse for all purposes and in all respects upon the termination of the Partnership; provided, however, that the -------- ------- parties hereto shall continue to be bound by an Exercise Notice delivered to the General Partner prior to such termination.

Appears in 1 contract

Samples: Agreement of Limited Partnership (Reckson Associates Realty Corp)

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