Xxxxx Bridge Equity and Priority Redemption Right Sample Clauses

Xxxxx Bridge Equity and Priority Redemption Right. Affiliates of Xxxxx may from time to time contribute equity to the Partnership and/or one or more Operating Companies or other Fund Entities which, taken together with other contributions by Affiliates of Xxxxx, exceed the Xxxxx Capital Requirement if the Managing General Partner determines that such contributions are necessary or advisable for the Fund to finance an Investment, meet the domestic control requirements set forth in the Constituent Documents of any Operating Company that is a REIT or for other purposes deemed appropriate by the Managing General Partner. Any such contributions shall be at a price per Unit (or equivalent interest in another Fund Entity) equal to the Current Unit Value (or its equivalent), as of the date of the contribution. All contributions in excess of the Xxxxx Capital Requirement by Affiliates of Xxxxx to the Partnership or any Operating Company or other Fund Entity are referred to herein as “Xxxxx Bridge Equity”. Notwithstanding any other provision of this Agreement, the Managing General Partner shall cause the Partnership (or applicable Operating Company) to apply the proceeds of all Capital Contributions made to the Partnership or any Operating Company from and after the date hereof to the redemption of any Xxxxx Bridge Equity, to the extent that the Managing General Partner reasonably determines that such Xxxxx Bridge Equity is no longer required. Such redemption shall be for cash in an amount per Unit (or equivalent interest) equal to the price per Unit (or equivalent interest) paid by the applicable Xxxxx Affiliate for such interest, with appropriate adjustments for assets and liabilities of the Partnership other than its interests in Properties as of the date of redemption. The right to have any Xxxxx Bridge Equity redeemed pursuant to this Section 3.10 shall be a Priority Redemption Right of the Xxxxx Affiliate that contributed such equity. To the extent the Managing General Partner, the Xxxxx Limited Partner or another Affiliate of Xxxxx elects to exercise such Priority Redemption Right, the Managing General Partner may require all Partners whose Unfunded Commitments are greater than zero to make Capital Contributions in accordance with Section 3.2 up to the full amount of such Unfunded Commitments to the extent necessary to fund such redemption. Notwithstanding the foregoing, each of the Xxxxx Limited Partner, the Managing General Partner and any other Affiliate of Xxxxx that contributes Xxxxx Bridge Equity may, i...
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Related to Xxxxx Bridge Equity and Priority Redemption Right

  • Notes Payable on Redemption Date The Notes or portions thereof to be redeemed shall, following notice of redemption as required by Section 10.02, on the Redemption Date become due and payable at the Redemption Price and (unless the Issuer shall default in the payment of the Redemption Price) no interest shall accrue on the Redemption Price for any period after the date to which accrued interest is calculated for purposes of calculating the Redemption Price.

  • Maturity, Redemption and Purchases (a) Unless previously redeemed for tax reasons as provided in the terms and conditions of the Bonds, or repurchased by Canada, as provided below, the principal amount of the Bonds is due and payable on November 15, 2022.

  • Securities Payable on Redemption Date Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear interest. Upon surrender of any such Security for redemption in accordance with said notice, such Security shall be paid by the Company at the Redemption Price, together with accrued interest to the Redemption Date; provided, however, that, unless otherwise specified as contemplated by Section 301, installments of interest whose Stated Maturity is on or prior to the Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of business on the relevant Record Dates according to their terms and the provisions of Section 307. If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Security.

  • In-kind redemptions The Acquiring Fund acknowledges and agrees that, if and to the extent consistent with the Acquired Fund’s registration statement, as amended from time to time, the Acquired Fund may, in its sole discretion, honor any redemption request partially or wholly in-kind in a manner consistent with Federated Hermes Funds’ Redemption-In-Kind Procedures.

  • Redemption Rights of Qualifying Parties A. Commencing on the expiration of the Twelve-Month Period applicable to any Partnership Common Units, a Qualifying Party shall have the right (subject to the terms and conditions set forth herein), by delivering a Notice of Redemption to the Managing General Partner, to require the Partnership to redeem all or a portion of such Partnership Common Units held by such Tendering Party (Partnership Common Units that have in fact been tendered for redemption being hereafter referred to as “Tendered Units”) in exchange (a “Redemption”) for the Cash Amount payable on the Specified Redemption Date. The Partnership may, in the Managing General Partner’s sole and absolute discretion, redeem Tendered Units at the request of the Holder prior to the end of the applicable Twelve-Month Period (subject to the terms and conditions set forth herein) (a “Special Redemption”); provided, however, that the Managing General Partner first receives a legal opinion to the same effect as the legal opinion described in Section 15.1.G(4) of this Agreement. Any Redemption shall be exercised pursuant to a Notice of Redemption delivered to the Managing General Partner and the Special Limited Partner by the Qualifying Party when exercising the Redemption right (the “Tendering Party”). The Partnership’s obligation to effect a Redemption, however, shall not arise or be binding against the Partnership until the earlier of (i) the date the Special Limited Partner notifies the Tendering Party that the Special Limited Partner declines to acquire some or all of the Tendered Units under Section 15.1.B hereof following receipt of a Notice of Redemption and (ii) the Business Day following the Cut-Off Date. In the event of a Redemption, the Cash Amount shall be delivered as a certified or bank check payable to the Tendering Party or, in the Managing General Partner’s sole and absolute discretion, in immediately available funds, in each case, on or before the Specified Redemption Date.

  • Early Redemption The Original Notes are subject to early redemption by the Issuer as set forth in Article III of the Debt Agreement. If the Issuer elects to exercise its early redemption option with respect to the Original Notes, the Issuer shall give written notice by an Authorized Officer of its intention to exercise such option to the Global Agent of the principal amount of the Original Notes to be so redeemed in accordance with the Terms applicable to such Note. At the request of the Issuer, the Global Agent shall cause notice of redemption to be given to the Holders of Original Notes (and MAC Notes representing interests in the Exchangeable Notes) in accordance with the notice requirements set forth in the Debt Agreement in the name of and at the expense of Issuer.

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