Common use of Right of Optional Redemption Clause in Contracts

Right of Optional Redemption. The Company, at its option, may redeem some or all of the Class A Preferred Units at any time or from time to time, for cash at a redemption price (the “Redemption Price”) equal to $1,000.00 per unit plus all accrued and unpaid distributions thereon through and including the date fixed for redemption (except as provided in Section 1.5.3 below), plus a redemption premium per unit (each, a “Redemption Premium”) calculated as follows based on the date fixed for redemption: (1) until December 31, 2019, $100, and (2) thereafter, no Redemption Premium. If less than all of the outstanding Class A Preferred Units are to be redeemed, the Class A Preferred Units to be redeemed may be selected by any equitable method determined by the Company; provided, that such method does not result in the creation of fractional interests.

Right of Optional Redemption. The Company, at its option, may redeem some or all of the Class A Preferred Units at any time or from time to time, for cash at a redemption price (the “Redemption Price”) equal to $1,000.00 per unit plus all accrued and unpaid distributions thereon through to and including the date fixed for redemption (except as provided in Section 1.5.3 below), plus a redemption premium per unit (each, a “Redemption Premium”) calculated as follows based on the date fixed for redemption: : (1) until December 31, 20192024, $100, and and (2) thereafter, no Redemption Premium. If less than all of the outstanding Class A Preferred Units are to be redeemed, the Class A Preferred Units to be redeemed may be selected by any equitable method determined by the Company; provided, provided that such method does not result in the creation of fractional interests.

Right of Optional Redemption. The Company, at its option, may redeem some or all of the Class A Preferred Units at any time or from time to time, for cash at a redemption price (the “Redemption Price”) equal to $1,000.00 per unit plus all accrued and unpaid distributions thereon through and including the date fixed for redemption (except as provided in Section 1.5.3 below), plus a redemption premium per unit (each, a “Redemption Premium”) calculated as follows based on the date fixed for redemption: (1) until December 31, 20192020, $100, and (2) thereafter, no Redemption Premium. If less than all of the outstanding Class A Preferred Units are to be redeemed, the Class A Preferred Units to be redeemed may be selected by any equitable method determined by the Company; provided, that such method does not result in the creation of fractional interests.