Right to Redeem Units Clause Samples

Right to Redeem Units. ‌ (a) Subject to Section 4.4 and paragraph 6.1(b) below, each Unitholder shall be entitled at any time and from time to time to require the redemption of all or any part of such Unitholder's Units of a Fund on a specified Redemption Date at the Series Net Asset Value per Unit for the applicable class and series of Units calculated in the manner herein provided less, in the discretion of the Manager, any redemption deduction, charge or fee determined pursuant to Section 6.2 hereof. Upon payment to the redeeming Unitholder of the Series Net Asset Value per Unit of the Units redeemed, less any applicable redemption charge or fee, the Fund and the Manager shall be discharged from all liability to the Unitholder in respect of the Units redeemed. (b) Redemption requests must be given in writing to the Manager not less than one (1) business days (or such shorter period as the Manager in its absolute discretion may permit or is described in a Fund’s Disclosure Documents) prior to a Redemption Date. The Manager may specify any other conditions of redemption it may impose before it will consider a redemption request. The Manager has the discretion to waive any conditions in respect of one or more redemption requests from time to time.‌ (c) Subject to Section 4.4, the Manager shall be entitled, at any time and from time to time, in its absolute discretion, to compulsorily redeem or cause to be redeemed all or any part of the Units held by any Unitholder, on such terms and conditions as the Manager may, from time to time, determine, at its discretion, at the applicable Net Asset Value per Unit of the class or series, as applicable, calculated in the manner provided herein, less, in the discretion of the Manager, any redemption charge or other fee determined pursuant to Section 6.2 hereof.
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Related to Right to Redeem Units

  • Right to Redeem The Board of Directors of the Company may, at its option, at any time prior to a Trigger Event, redeem all but not less than all of the then outstanding Rights at a redemption price of $.01 per Right, appropriately adjusted to reflect any stock split, stock dividend, recapitalization or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), and the Company may, at its option, pay the Redemption Price in Common Shares (based on the "current per share market price," determined pursuant to Section 11.4, of the Common Shares at the time of redemption), cash or any other form of consideration deemed appropriate by the Board of Directors. The redemption of the Rights by the Board of Directors may be made effective at such time, on such basis and subject to such conditions as the Board of Directors in its sole discretion may establish.

  • Right to Redeem; Notices to Trustee 20 SECTION 3.02 Selection of Securities to Be Redeemed...........................20 SECTION 3.03

  • Election to Redeem; Notice to Trustee The election of the Company to redeem any Securities shall be evidenced by or pursuant to a Board Resolution. In case of any redemption at the election of the Company of less than all of the Securities of any series, the Company shall, at least 45 days prior to the giving of the notice of redemption in Section 1104 (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date and of the principal amount of Securities of such series to be redeemed. In the case of any redemption of Securities prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture, the Company shall furnish the Trustee with an Officers' Certificate evidencing compliance with such restriction.

  • Election To Redeem; Notices to Trustee If the Issuer elects to redeem Notes pursuant to paragraph 6 of the Notes, at least 45 days prior to the Redemption Date (unless a shorter notice shall be agreed to in writing by the Trustee) but not more than 65 days before the Redemption Date, the Issuer shall notify the Trustee in writing of the Redemption Date, the principal amount of Notes to be redeemed and the redemption price, and deliver to the Trustee an Officers’ Certificate stating that such redemption will comply with the conditions contained in paragraph 6 of the Notes. Notice given to the Trustee pursuant to this Section 3.01 may not be revoked after the time that notice is given to Holders pursuant to Section 3.03.

  • Right of the Company to Redeem the Notes The Company will have the right to redeem the Notes for cash in the manner, and subject to the terms, set forth in Section 4.03 of the Indenture.