Examples of Partnership Offer in a sentence
To the extent the Proposed Transferee’s offer consists of consideration other than cash (or in addition to cash), the Partnership Offer Price shall be deemed equal to the amount of any such cash plus the fair value of such non-cash consideration.
To the extent the Proposed Transferee's offer consists of consideration other than cash (or in addition to cash), the Partnership Offer Price shall be deemed equal to the amount of any such cash plus the fair value of such non-cash consideration.
The Offers shall be at a price of $115 per Company Share or LPU, minus the amount (if any) of (A) the principal and interest of any outstanding Company Common Stock or LPU holder loans with respect to such Equity Unit, which loans will be deemed repaid and (B) (in the case of the Partnership Offer) the original principal amount of any Exchange Notes and the aggregate of all Reductions relating to LPU's.
Any Existing Unit Holder who elects not to accept the Operating Partnership Offer, or does not timely and properly return an Election Form as set forth in Section 7.11, shall remain as a limited partner of the Operating Partnership, and continue to hold Existing Units with the rights, terms and conditions set forth in the Amended Operating Partnership Agreement, and shall not be entitled to receive any distributions in respect of such Existing Units in connection with the Merger.
If the General Partners do not elect to purchase the Offered Units the Transferor may, within sixty (60) days following the expiration of the Partnership Offer Period, transfer all, but not less than all, of the Offered Units to the persons named in the Offer Notice for consideration no less than that specified in the Offer Notice and on other terms no more favorable to the transferee than those identified in the Offer Notice.
At the request of the Partnership and in order to facilitate the orderly distribution of the Common Stock to be received by the Partners pursuant to the Partnership Offer, the Company has agreed to execute and deliver this Agreement and provide for the one-time opportunity for registration of such Common Stock to be received by the Partners.
Without limitation on the foregoing, Contributor shall vote its entire interest (i.e. general partnership, limited partnership or otherwise) in each Affiliate Partnership in favor of causing such Affiliated Partnership to accept the applicable Affiliated Partnership Offer and taking such steps as are necessary to cause the dissolution and liquidation of the Affiliated Partnerships following such Closing.
LPU's issued in the 1988 reorganization of the Company must be surrendered together with the related Exchange Notes (which will be repaid net of loans) in the Partnership Offer.
Number of Partnership Offer Price Units Sought CNL VII $0.45 2,250,000 CNL VIII $0.50 2,625,000 CNL IX $5.10 262,500 CNL X $5.00 300,000 In each case, the cash Offer Price per Unit will be reduced by the amount of any distributions declared or made with respect to them after the date of the Offers, August 31, 2001.
The parties to this Agreement have made this Agreement in connection with an offer (the "Partnership Offer") by the Partnership to redeem certain ownership interests in the Partnership in exchange for the transfer to the Named Parties of a certain number of unregistered shares of the Company's common stock, par value $.10 per share (the "Common Stock"), held by the Partnership.