Quarterly report pursuant to Section 13 or 15(d)

Redeemable Partnership Units

v3.5.0.2
Redeemable Partnership Units
9 Months Ended
Sep. 30, 2016
Redeemable Partnership Units [Abstract]  
Redeemable Partnership Units

15. REDEEMABLE PARTNERSHIP UNITS

If a principal of SLP is terminated for cause, SLP would have the right to redeem all of the vested Class B units collectively held by the principal and his or her permitted transferees for a purchase price equal to the lesser of (i) the aggregate capital account balance in SLP of the principal and his or her permitted transferees and (ii) the purchase price paid by the terminated principal to first acquire the Class B units.