Valid Tender. In order for a tendering Limited Partner to participate in the Offer, its Units must be validly tendered and not withdrawn on or prior to the Expiration Date. To validly tender Units, a properly completed and duly executed Assignment of Partnership Interest and any other documents required by the Assignment of Partnership Interest must be received by the Depositary, at its address set forth on the back cover of this Offer to Purchase, on or prior to the Expiration Date. A Limited Partner may tender any or all of the Units owned by that Limited Partner; provided, however, that because of restrictions in the Limited Partnership Agreement, a partial tender of Units must be for a minimum of one-quarter of a Unit (or, in the case of Limited Partners who hold Units in an IRA or Xxxxx Plan, at least one-tenth of a Unit). Accordingly, any Limited Partner that owns one-quarter or fewer Units (or, in the case of Limited Partners who hold Units in an IRA or Xxxxx Plan, one-tenth of a Unit), must tender all or none of its Units. Tenders of fractional Units will not be permitted, except by a Limited Partner who is tendering all of the Units owned by that Limited Partner. No alternative, conditional or contingent tenders will be accepted.
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Samples: Offer to Purchase (Cooper River Properties LLC), Offer to Purchase (Cooper River Properties LLC)
Valid Tender. In order for a tendering Limited Partner to participate in the Offer, its Units must be validly tendered and not withdrawn on or prior to the Expiration Date. To validly tender Units, a properly completed and duly executed Assignment of Partnership Interest and any other documents required by the Assignment of Partnership Interest must be received by the Depositary, at its address set forth on the back cover of this Offer to Purchase, on or prior to the Expiration Date. A Limited Partner may tender any or all of the Units owned by that Limited Partner; provided, however, that because of restrictions in the Limited Partnership Agreement, a partial tender of Units must be for a minimum of one-quarter of a Unit five Units (or, in the case of Limited Partners who hold Units in an IRA or Xxxxx Plan, at least one-tenth of a Unittwo Units). Accordingly, any Limited Partner that owns one-quarter five or fewer Units (or, in the case of Limited Partners who hold Units in an IRA or Xxxxx Plan, one-tenth of a Unittwo Units), must tender all or none of its Units. Tenders of fractional Units will not be permitted, except by a Limited Partner who is tendering all of the Units owned by that Limited Partner. No alternative, conditional or contingent tenders will be accepted.
Appears in 2 contracts
Samples: Offer to Purchase (Cooper River Properties LLC), Offer to Purchase (Cooper River Properties LLC)
Valid Tender. In order for a tendering Limited Partner to participate in the Offer, its Units must be validly tendered and not withdrawn on or prior to the Expiration Date. To validly tender Units, a properly completed and duly executed Assignment of Partnership Interest and any other documents required by the Assignment of Partnership Interest must be received by the Depositary, at its address set forth on the back cover of this Offer to Purchase, on or prior to the Expiration Date. A Limited Partner may tender any or all of the Units owned by that Limited Partner; provided, however, that because of restrictions in the Limited Partnership Agreement, (i) a partial tender of Units must be for a minimum of one-quarter fifteen Units and (ii) in order for a partial tender to be valid, after a sale of Units pursuant to the Offer, the tendering Limited Partner must continue to hold a Unit (or, in the case minimum of Limited Partners who hold Units in an IRA or Xxxxx Plan, at least one-tenth of a Unitfifteen Units). Accordingly, any Limited Partner that owns one-quarter fifteen or fewer Units (or, in the case of Limited Partners who hold Units in an IRA or Xxxxx Plan, one-tenth of a Unit), must tender all or none of its Units. Tenders of fractional Units will not be permitted, except by a Limited Partner who is tendering all of the Units owned by that Limited Partner. No alternative, conditional or contingent tenders will be accepted.
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Valid Tender. In order for a tendering Limited Partner to participate in the Offer, its Units must be validly tendered and not withdrawn on or prior to the Expiration Date. To validly tender Units, a properly completed and duly executed Assignment of Partnership Interest and any other documents required by the Assignment of Partnership Interest must be received by the Depositary, at its address set forth on the back cover of this Offer to Purchase, on or prior to the Expiration Date. A Limited Partner may tender any or all of the Units owned by that Limited Partner; provided, however, that because of restrictions in the Limited Partnership Agreement, a partial tender of Units must be for a minimum of one-quarter of a Unit five Units (or, in the case of other than Limited Partners who hold Units in an IRA or Xxxxx Plan, at least one-tenth who must tender a minimum of a Unittwo Units). Accordingly, any Limited Partner that owns one-quarter five or fewer Units (or, in the case of for Limited Partners who hold Units in an IRA or Xxxxx Plan, one-tenth of a Unit), two or fewer Units) must tender all or none of its Units. Tenders of fractional Units will not be permitted, except by a Limited Partner who is tendering all of the Units owned by that Limited Partner. No alternative, conditional or contingent tenders will be accepted.
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Valid Tender. In order for a tendering Limited Partner to participate in the Offer, its Units must be validly tendered and not withdrawn on or prior to the Expiration Date. To validly tender Units, a properly completed and duly executed Assignment of Partnership Interest and any other documents required by the Assignment of Partnership Interest must be received by the Depositary, at its address set forth on the back cover of this Offer to Purchase, on or prior to the Expiration Date. A Limited Partner may tender any or all of the Units owned by that Limited Partner; provided, however, that because of restrictions in the Limited Partnership Agreement, a partial tender of Units must be for a minimum of one-quarter of a Unit (or, in the case of Limited Partners who hold Units in an IRA or Xxxxx Plan, at least one-tenth of a Unit). Accordingly, any Limited Partner that owns one-quarter or fewer Units (or, in the case of Limited Partners who hold Units in an IRA or Xxxxx Plan, one-tenth of a Unit), must tender all or none of its Units. Tenders of fractional Units will not be permitted, except by a Limited Partner who is tendering all of the Units owned by that Limited Partner. No alternative, conditional or contingent tenders will be accepted.
Appears in 1 contract
Valid Tender. In order for a tendering Limited Partner to participate in the Offer, its Units must be validly tendered and not withdrawn on or prior to the Expiration Date. To validly tender Units, a properly completed and duly executed Assignment of Partnership Interest and any other documents required by the Assignment of Partnership Interest must be received by the Depositary, at its address set forth on the back cover of this Offer to Purchase, on or prior to the Expiration Date. A Limited Partner may tender any or all of the Units owned by that Limited Partner; provided, however, that because of restrictions in the Limited Partnership Agreement, a partial tender of Units must be for a minimum of one-quarter of a Unit five Units (or, in the case of other than Limited Partners who hold Units in an IRA or Xxxxx Plan, at least one-tenth of a Unit). Accordingly, any Limited Partner that owns one-quarter five or fewer Units (or, in the case of other than Limited Partners who hold Units in an IRA or Xxxxx Plan, one-tenth of a Unit), ) must tender all or none of its Units. Tenders of fractional Units will not be permitted, except by a Limited Partner who is tendering all of the Units owned by that Limited Partner. No alternative, conditional or contingent tenders will be accepted.
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