Common use of Term of Rights Clause in Contracts

Term of Rights. Unless sooner terminated, the rights of the parties with respect to the Rights shall commence as of the date hereof and lapse for all purposes and in all respects on the date that the Partnership is dissolved; PROVIDED, HOWEVER, that the parties hereto shall continue to be bound by an Exchange Exercise Notice delivered to the General Partner prior to such date.

Term of Rights. Unless sooner terminated, the rights of the parties with respect to the Rights shall commence as of the date hereof Completion of the Offering and lapse for all purposes and in all respects on the date that fiftieth (50th) anniversary of the Partnership is dissolvedCompletion of the Offering; PROVIDEDprovided, HOWEVERhowever, that the parties hereto shall continue to be bound by an Exchange Exercise Notice delivered to the General Partner prior to such dateanniversary.