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Common use of Mandatory Redemptions Clause in Contracts

Mandatory Redemptions. On the Maturity Date, the Partnership shall redeem the Series I Preferred Units at a redemption price equal to the $1,000 liquidation value of such Units, plus all accumulated and unpaid distributions.

Appears in 7 contracts

Sources: Limited Partnership Agreement (Brookfield Property REIT Inc.), Merger Agreement (Brookfield Property Partners L.P.), Merger Agreement (Brookfield Asset Management Inc.)

Related Clauses

  • Mandatory Redemption
  • Special Mandatory Redemption
  • No Mandatory Redemption
  • Mandatory Redemption at Subscriber’s Election
  • In-kind redemptions

Parent Clauses

  • Article Two Contributions and Loans
  • Repurchase of Units
  • Redemption
  • Removal of Manager
  • Compliance with Investment Company Act

Sub-Clauses

  • Based on ERISA Considerations
  • Based on Other Bona Fide Business Reasons
  • Purchase Price and Payment
  • Based on REIT Considerations
  • Procedures
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