Examples of Exercising Partners in a sentence
Each Exercising Partner shall provide to the General Partner such information as the General Partner may request regarding such Exercising Partner's actual and constructive ownership of Common Stock (and of individuals, and entities related to such Exercising Partner) in order for the General Partner to determine, in its sole discretion, whether a purchase or redemption of the Offered Partnership Units for shares of Common Stock would result in a violation of such restrictions.
Any one or more Limited --------------------------------------- Partners ("Exercising Partners") may, subject to the limitations set forth herein, deliver to the General Partner written notice (the "Conversion Exercise Notice") pursuant to which such Exercising Partners elect to exercise the Rights.
Any one or more Limited Partners ("Exercising Partners") may, subject to the limitations set forth in this Section 10.3, deliver to the General Partner written notice in the form attached to the Unit Certificate as Attachment 1 (the "Exercise Notice") pursuant to which such Exercising Partners elect to exercise their Redemption Rights with respect to all or any portion of their Partnership Units.
The closing of the acquisition of Offered Interests shall, unless otherwise mutually agreed, be held at the principal offices of the General Partner, on the date agreed to by the General Partner and the Exercising Partners, which date shall in no event be on the date which is the later of (i) twenty (20) days after the date of the Exercise Notice and (ii) the expiration or termination of the waiting period applicable to each Exercising Partner, if any, under the Xxxx-Xxxxx Act.
Any one or more Limited Partners holding Convertible Preferred Units ("Exercising Partners") may, subject to the limitations set forth herein, deliver to the General Partner written notice (the "Exchange Exercise Notice") pursuant to which such Exercising Partners elect to exercise their rights to convert (the "Exchange Rights") all or any portion of their Convertible Preferred Units for shares of Convertible Preferred Stock or Common Stock, subject to the limitations contained in Paragraph 3 below.
If such interests are not purchased pursuant to a purchase agreement executed and delivered to the Partnership by another Person at a price acceptable to the Exercising Partner(s) in its sole discretion by the first anniversary of the date of the IPO Notice, then the Exercising Partner or other Partners will have the right to participate in the IPO in accordance with the Registration Rights Agreement.
The Conversion Rights granted hereunder may be exercised by any one or more of the Limited Partners ("Exercising Partners"), on the terms and subject to the conditions and restrictions contained in this Article XII, upon delivery to the General Partner of a Exercise Notice (the "Exercise Notice") in the form of EXHIBIT B, which notice shall specify the number of OP Units to be sold by such Limited Partner (the "Offered Units").
Upon receipt of the Notice of Buy-Sell, the Non-Exercising Partner shall have the right, in its sole discretion and at such Non-Exercising Partner's option, to either (a) purchase the Exercising Partner's Partnership Interest at the Buy-Sell Price and on the Buy-Sell Terms or (b) sell to the Exercising Partner the Non-Exercising Partner's Partnership Interest at the Buy-Sell Price and on the Buy-Sell Terms, as adjusted to reflect any differences in relative distribution rights.
Any one or more Limited Partners ("Exercising Partners") may, subject to the limitations set forth herein deliver to the General Partner written notice (the "Exercise Notice") pursuant to which such Exercising Partners elect to exercise their Conversion Rights subject to the limitations contained in Sections 11.3 and 11.4 below.
Any one or more Limited Partners ("Exercising Partners") may, subject to the limitations set forth herein, deliver to the General Partner written notice (the "Exchange Exercise Notice") pursuant to which such Exercising Partners elect to exercise their rights to exchange (the "Exchange Rights") all or any portion of their Partnership Units for REIT Shares subject to the limitations contained in Paragraph 3 below.