Distribution and Redemption Sample Clauses

The 'Distribution and Redemption' clause defines the procedures and conditions under which shares or units of a fund or investment vehicle can be distributed to investors and redeemed by them. Typically, this clause outlines the timing, method, and any restrictions or fees associated with both the distribution of profits or assets and the redemption of interests by investors. For example, it may specify notice periods required for redemption requests or set limits on the amount that can be redeemed at one time. The core function of this clause is to provide clear guidelines for both the fund and its investors, ensuring orderly management of inflows and outflows and protecting the fund’s liquidity.
Distribution and Redemption. Subject to the terms herein set forth, the Exchanging Member hereby sells, conveys, assigns and transfers to the Company the number of Vested Common Units that correspond to the number of Attributable Securities exchangeable into the number of Requested Shares set forth under the Exchanging Member’s signature on the signature pages hereto, and in redemption of such Vested Common Units the Company hereby conveys, assigns and transfers the Attributable Securities that correspond to such Vested Common Units to the Exchanging Member. All Vested Common Units transferred to the Company pursuant to this Section 2.1 shall be deemed cancelled in full redemption thereof without any further consideration being paid to such Vested Common Units other than amounts (if any) actually paid to the Company under the Tax Receivable Agreement in respect of the Attributable Securities corresponding to such Vested Common Units.
View SourceView Similar (3)
Distribution and Redemption. (a) Parallel hereby distributes, assigns and transfers to (i) ▇▇▇▇▇ all of Parallel’s right, title and interest in and to the ▇▇▇▇▇ Subject Stonegate Interests and (ii) Long Ridge all of Parallel’s right, title and interest in and to the Long Ridge Subject Stonegate Interests and (b) ▇▇▇▇▇ hereby conveys and surrenders to Parallel, and Parallel hereby redeems the ▇▇▇▇▇ Membership Interests.
View Source
Distribution and Redemption. Effective immediately following the Second Merger (as defined in the Merger Agreement) and subject to the terms and conditions set forth in this Agreement, the Member hereby irrevocably agrees to assign, transfer, convey and deliver to the Company all right, title and interest in the Redeemed Interests, free and clear of any and all Liens other than the Permitted Liens and the Company hereby agrees to accept the Redeemed Interests, free and clear of any and all Liens other than the Permitted Liens in complete redemption of the Member’s Owned Interest in the Company. In consideration of the Redeemed Interests, the Company will distribute, assign and deliver to the Member all right, title and interest in the Distributed Interests, free and clear of any and all Liens, other than the Permitted Liens, such distribution being conditioned upon the receipt by the Company of the Member’s executed Lock-Up Agreement. For the avoidance of doubt, with respect to the Redeemed Interests, the distribution of the Distributed Interests to the Member as set forth herein constitutes the entirety of the distributions to which the Member is entitled under the Operating Agreement, and the Member has no right to, or any interest in, any subsequent distributions from the Company or pursuant to the Operating Agreement.
View Source
Distribution and Redemption. At the Closing: (a) REIT B Cash Contribution. The Partnership shall have made the REIT B Cash Contribution.
View Source
Distribution and Redemption. At the Effective Time, Parent --------------------------- shall deliver to the Stockholders certificates registered in their names for the following numbers of shares of LFC Stock, which will represent collectively 100% of the issued and outstanding capital stock of LFC, and in exchange therefore the Stockholders will deliver to the Parent certificates representing the numbers of shares of Parent Stock set forth below: LFC Stock Delivered Parent Stock Delivered ------------------- ---------------------- ▇▇▇▇▇▇▇▇▇ 925 446,583 ▇▇▇▇▇▇ 75 36,209
View Source
Distribution and Redemption. (a) SIH hereby distributes, assigns and transfers to Parallel all of SIH’s right, title and interest in and to the Subject Stonegate Interests Stock and (b) Parallel hereby conveys and surrenders to SIH, and SIH hereby redeems the Redeemed Parallel Interests.
View Source

Related to Distribution and Redemption

  • Distributions and Redemptions Maker shall not declare or pay any dividends or make any distributions of cash, property or securities of Maker with respect to any shares of its common stock, preferred stock or any other class or series of its stock, or, directly or indirectly (except for repurchases of common stock by Maker in accordance with the terms of employee benefit plans or written agreement between Maker and any of its employees approved by the Board of Directors of Maker prior to February 1, 2004), redeem, purchase, or otherwise acquire for any consideration any shares of its common stock or any other class of its stock.

  • Distributions Redemption Section 4.01 Distributions ................................................................. Section 4.02 Redemption..................................................................... Section 4.03 Subordination of Trust Common Securities.......................................

  • In-kind redemptions The Acquiring Fund acknowledges and agrees that, if and to the extent consistent with the Acquired Fund’s registration statement, as amended from time to time, the Acquired Fund may, in its sole discretion, honor any redemption request partially or wholly in-kind in a manner consistent with Federated Hermes Funds’ Redemption-In-Kind Procedures.

  • REDEMPTION AND REPURCHASE The Notes are subject to optional redemption, and may be the subject of an Offer to Purchase, as further described in the Indenture. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Notes.

  • Sales and Redemptions A provisional credit of an amount equal to the net sale price for a sale or redemption of securities or other financial assets shall be made to the account of the Portfolio as if the amount had been received as of the close of business on the date on which good funds would ordinarily be immediately available in the applicable market. The provisional credit will be made conditional upon the Custodian having received Proper Instructions with respect to, or reasonable notice of, the transaction, as applicable; and the Custodian or its agent having possession of the securities of other financial assets (excluding financial assets subject to any third party lending arrangement entered into by a Portfolio) associated with the transaction in good deliverable form and not being aware of any facts which would lead the Custodian or its agent to believe that the transaction will not settle in the time period ordinarily applicable to such transactions in the applicable market.