Common use of Exercise of the Over-Allotment Option Clause in Contracts

Exercise of the Over-Allotment Option. The Parties agree that if the Underwriters exercise their over-allotment option with respect to the Offering, MLP shall redeem Common Units from TOH with the net proceeds therefrom after the Underwriters' discount and commissions but before other expenses; the number of Common Units redeemed equal to the number of Common Units for which the Underwriters exercise their over-allotment option.