Common use of Distribution upon Redemption Clause in Contracts

Distribution upon Redemption. Upon receipt of a redemption request in proper form, the Administrative Agent shall direct the Trustee in writing to make a pro rata distribution of the assets attributable to the tendered Units, subject to (i) the Administrative Agent’s obligation to avoid adversely affecting the interests of the other Unitholders of the Series, (ii) any transfer or other restrictions on such assets, as determined in the sole discretion of the Administrative Agent, such distribution to be made on the Redemption Date and (iii) the lien of the Trustee to secure amounts owed to it pursuant to the terms hereof and any Reference Trust Agreement.

Distribution upon Redemption. Upon receipt of a redemption request in proper form, the Administrative Agent shall direct the Trustee in writing to make a pro rata distribution of the assets attributable to the tendered Units, subject to (i) the Administrative Agent’s 's obligation to avoid adversely affecting the interests of the other Unitholders of the Series, (ii) and subject to any transfer or other restrictions on such assets, as determined in the sole discretion of the Administrative Agent, such distribution to be made on the Redemption Date and (iii) the lien of the Trustee to secure amounts owed to it pursuant to the terms hereof and any Reference Trust AgreementDate.