name / content / group

name: Option

content: 71539

Option. Upon and subject to the terms and conditions set forth in this Agreement, 999 Third Avenue shall have the option (the "Option") to purchase the remaining 50.05 of Carlyle's partnership interest in the Partnership, including, but not limited to, 50.05 of Carlyle's interest in the capital and profits of the Partnership (it being the intent of the parties that, upon the consummation of the Sale and the Option by 999 Third Avenue [or the Investment Partnership], it shall have acquired Carlyle's entire interest in the Partnership, including, but not limited to, Carlyle's entire interest in the capital and profits of the Partnership). Carlyle's partnership interest after the Sale is herein called the "Option Partnership Interest".