Common use of Redemption Rights of Qualifying Parties Clause in Contracts

Redemption Rights of Qualifying Parties. At any time following the first anniversary of the Effective Date, a Qualifying Party, but no other Limited Partner or Assignee (the "Tendering Party"), shall have the right (subject to the terms and conditions set forth herein) to require the Partnership to redeem all or a portion of the Preferred Partnership Units held by such Tendering Party (such Preferred Partnership Units being hereafter called "Tendered Units") in exchange (a "Redemption") for the Cash Amount, which Cash Amount shall be due and payable on the Cut-Off Date, unless the General Partner makes an election pursuant to Section 8.6.

Redemption Rights of Qualifying Parties. A. At any time following the first anniversary of the Effective Date, a Qualifying Party, but no other Limited Partner or Assignee (the "Tendering Party"), shall have the right (subject to the terms and conditions set forth herein) to require the Partnership to redeem all or a portion of the Preferred Partnership Units held by such Tendering Party (such Preferred Partnership Units being hereafter called "Tendered Units") in exchange (a "Redemption") for the Cash Amount, which Cash Amount shall be due and payable on the Cut-Off Date, unless the General Partner makes an election pursuant to Section 8.6.