Common use of Exercise of Put Right Clause in Contracts

Exercise of Put Right. The holder of the Series C Preferred Partnership Units shall have the right, at its option, to put (the "Put Right") to the Partnership at any time all, but not part, of the Series C Preferred Partnership Units at a price per unit (the "Put Price") equal to the portion of the Capital Account balance of the holder of such Units attributable to such Units, as determined after taking into account all contributions and distributions, to and including the date fixed for such exchange (the "Exchange Date"), as well as all allocations of Net Profit, Net Losses and other items to such holder with respect to the fiscal year in which the Exchange Date falls (including without limitation the allocations provided by Sections 2(g) and 2(h) of Exhibit F to this --------- Agreement, to the extent applicable to the exchange). The Put Price shall be paid to the holder, at the option of the Partnership, in (i) cash, or (ii) a number of shares of Common Stock equal to either (x) the aggregate Put Price to be paid by the Partnership divided by the Current Per Share Market Price, if the Current Per Share Market Price is greater than $33.4375 per share (the "Put Exchange Price"), or (y) 1,046,729 shares of Common Stock, if the Current Per Share Market Price is less than or equal to the Put Exchange Price (the "Put Share Exchange Rate").