Mandatory Exchange. The Partnership shall have the right to cause each holder of Series A-4 Preferred Units to exchange each Series A-4 Preferred Unit for that number of Common OP Units equal to the quotient obtained by dividing $25.00 by the Series A-4 Exchange Price.
Appears in 3 contracts
Sources: Limited Partnership Agreement (Sun Communities Inc), Amendment to the Third Amended and Restated Agreement of Limited Partnership (Sun Communities Inc), Third Amended and Restated Agreement of Limited Partnership (Sun Communities Inc)