Contingent Put Right Sample Clauses

Contingent Put Right. With the prior written consent of two-thirds of the Partners on the basis of their Percentage Interests and upon written notice to each General Partner and Limited Partner at any time prior to the Partnership's liquidation as provided in Article X, any Limited Partner may withdraw from the Partnership with respect to any part or all of the Limited Partner's Limited Partnership Interest, and the Partnership shall distribute to the Limited Partner any of the Partnership Assets agreed to by the Limited Partner and the Partnership Management, excluding the Partner exercising the Contingent Put Right, or any other form of consideration deemed appropriate pursuant to Exhibit D; provided that the value of any property distributed shall have a total value equal to the Fair Market Value of the withdrawn Limited Partnership Interest. If Fair Market Value must be determined pursuant to arbitration as provided in Exhibit E, notwithstanding any provision of Exhibit E to the contrary, the Partner exercising the Contingent Put Right shall select the appraiser to act on that Partner's behalf, and the Partnership Management, excluding the Partner exercising the Contingent Put Right and any Affiliate of that Partner, shall select the appraiser to act on the Partnership's behalf; provided that if there is no General Partner within the Partnership Management other than the Partner exercising the Contingent Put Right or an Affiliate of that Partner, the appraiser to act on behalf of the Partnership shall be selected by a plurality of the General Partners, excluding the Partner exercising the Contingent Put Right and any Affiliate of that Partner, on the basis of their Percentage Interests; further provided that if there is no General Partner at all other than the Partner exercising the Contingent Put Right or an Affiliate of that Partner, the appraiser to act on behalf of the Partnership shall be selected by a majority of the General Partners and Limited Partners who are not the Partner exercising the Contingent Put Right and who are not an Affiliate of that Partner, on the basis of their Percentage Interests.
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Related to Contingent Put Right

  • Default Not Exceeding 10% of Firm Units or Option Units If any Underwriter or Underwriters shall default in its or their obligations to purchase the Firm Units or the Option Units, if the Over-allotment Option is exercised, hereunder, and if the number of the Firm Units or Option Units with respect to which such default relates does not exceed in the aggregate 10% of the number of Firm Units or Option Units that all Underwriters have agreed to purchase hereunder, then such Firm Units or Option Units to which the default relates shall be purchased by the non-defaulting Underwriters in proportion to their respective commitments hereunder.

  • Proceeds from Shares Sold The Custodian shall receive funds representing cash payments received for Shares issued or sold from time to time by the Funds, and shall promptly credit such funds to the account(s) of the applicable Portfolio(s). The Custodian shall promptly notify each applicable Fund of Custodian's receipt of cash in payment for Shares issued by such Fund by facsimile transmission or in such other manner as the Fund and Custodian may agree in writing. Upon receipt of Proper Instructions, the Custodian shall: (a) deliver all federal funds received by the Custodian in payment for Shares in payment for such investments as may be set forth in such Proper Instructions and at a time agreed upon between the Custodian and the applicable Fund; and (b) make federal funds available to the applicable Fund as of specified times agreed upon from time to time by the applicable Fund and the Custodian, in the amount of checks received in payment for Shares which are deposited to the accounts of each applicable Portfolio.

  • Default Not Exceeding 10% of Firm Shares or Option Shares If any Underwriter or Underwriters shall default in its or their obligations to purchase the Firm Shares or the Option Shares, if the Over-allotment Option is exercised hereunder, and if the number of the Firm Shares or Option Shares with respect to which such default relates does not exceed in the aggregate 10% of the number of Firm Shares or Option Shares that all Underwriters have agreed to purchase hereunder, then such Firm Shares or Option Shares to which the default relates shall be purchased by the non-defaulting Underwriters in proportion to their respective commitments hereunder.

  • Default Not Exceeding 10% of Firm Securities or Option Securities If any Underwriter or Underwriters shall default in its or their obligations to purchase the Firm Securities or the Option Securities, if the Over-allotment Option is exercised hereunder, and if the number of the Firm Securities or Option Securities with respect to which such default relates does not exceed in the aggregate 10% of the number of Firm Securities or Option Securities that all Underwriters have agreed to purchase hereunder, then such Firm Securities or Option Securities to which the default relates shall be purchased by the non-defaulting Underwriters in proportion to their respective commitments hereunder.

  • Notice of Disqualifying Disposition If the Option is an Incentive Stock Option, I agree that I will promptly notify the Chief Financial Officer of the Company if I transfer any of the Shares within one (1) year from the date I exercise all or part of the Option or within two (2) years of the Date of Option Grant.