Common use of Limitation on Redemption Request Clause in Contracts

Limitation on Redemption Request. A Member’s redemption request shall specify the amount of Interests in a Series the Member requests to redeem and shall be subject to the Managing Member’s approval. The Series will use its best efforts to return capital in the manner set forth in this Section 7.5 and subject to, among other things, the Series’ then cash flow, financial condition, and prospective investments in assets. In the event our Managing Member determines, in its sole discretion, that the Series does not have sufficient funds available to redeem all of the Interests for which redemption requests have been submitted regarding that Series during any given month, such pending requests will be honored on a pro-rata basis, if at all. In the event that not all redemptions are being honored in a given month, the redemption requests not fully honored will have the remaining amount of such redemption requests considered on the next month in which redemptions are being honored. Accordingly, all unsatisfied redemption requests will be treated as requests for redemption on the next date on which redemptions are being honored, with redemptions processed pro-rata, if at all. If funds available for the redemption plan are not sufficient to accommodate all redemption requests on such future redemption date, Interests in a Series will be redeemed on a pro-rata basis, if at all.

Limitation on Redemption Request. A Member’s 's redemption request shall specify the amount of Interests in a Series the Member requests to redeem and shall be subject to the Managing Member’s 's approval. The Series will use its best efforts to return capital in the manner set forth in this Section 7.5 7.6 and subject to, among other things, the Series’ ' then cash flow, financial condition, and prospective investments in assets. In the event our Managing Member determines, in its sole discretion, that the Series does not have sufficient funds available to redeem all of the Interests for which redemption requests have been submitted regarding that Series during any given month, such pending requests will be honored on a pro-rata basis, if at all. In the event that not all redemptions are being honored in a given month, the redemption requests not fully honored will have the remaining amount of such redemption requests considered on the next month in which redemptions are being honored. Accordingly, all unsatisfied redemption requests will be treated as requests for redemption on the next date on which redemptions are being honored, with redemptions processed pro-rata, if at all. If funds available for the redemption plan are not sufficient to accommodate all redemption requests on such future redemption date, Interests in a Series will be redeemed on a pro-rata basis, if at all.

Limitation on Redemption Request. A Member’s redemption request shall specify the amount of Interests in a Series the Member requests to redeem and shall be subject to the Managing Member’s approval. The Series will use its best efforts to return capital in the manner set forth in this Section 7.5 7.6 and subject to, among other things, the Series’ then cash flow, financial condition, and prospective investments in assets. In the event our Managing Member determines, in its sole discretion, that the Series does not have sufficient funds available to redeem all of the Interests for which redemption requests have been submitted regarding that Series during any given month, such pending requests will be honored on a pro-rata basis, if at all. In the event that not all redemptions are being honored in a given month, the redemption requests not fully honored will have the remaining amount of such redemption requests considered on the next month in which redemptions are being honored. Accordingly, all unsatisfied redemption requests will be treated as requests for redemption on the next date on which redemptions are being honored, with redemptions processed pro-rata, if at all. If funds available for the redemption plan are not sufficient to accommodate all redemption requests on such future redemption date, Interests in a Series will be redeemed on a pro-rata basis, if at all.

Limitation on Redemption Request. A Member’s redemption request shall specify the amount of Interests in a Series the Member requests to redeem and shall be subject to the Managing Member’s approval. The Series will use its best efforts to return capital in the manner set forth in this Section 7.5 and subject to, among other things, the Series’ then cash flow, financial condition, and prospective investments in assets. In the event our Managing Member determines, in its sole discretion, that the Series does not have sufficient funds available to redeem all of the Interests for which redemption requests have been submitted regarding that Series during any given month, such pending requests will be honored on a pro-rata basis, if at all. In the event that not all redemptions are being honored in a given month, the redemption requests not fully honored will have the remaining amount of such redemption requests considered on the next month in which redemptions are being honored. Accordingly, all unsatisfied redemption requests will be treated as requests for redemption on the next date on which redemptions are being honored, with redemptions processed pro-rata, if at all. If funds available for the redemption plan are not sufficient to accommodate all redemption requests on such future redemption date, Interests in a Series will be redeemed on a pro-rata basis, if at all. Members are limited to one (1) redemption request outstanding per Series at any given time. If a Member desires to request more or less Interests in a Series be redeemed, such Member must first withdraw the first redemption request, which may affect whether the request is considered in the first or second twelve-month period. For Members who hold Interests in a Series with more than one record date, redemption requests will be applied to such Interests in the order in which they were acquired, on a last in first out basis. Therefore, Interests that have been continuously held for the shortest amount of time will be redeemed first. Members in the aggregate are limited to redemption requests of up to ten percent (10%) of the Series then cash flow. The Member requesting redemption will be responsible for any third-party costs incurred in effecting such redemption, including but not limited to, bank transaction charges, custody fees, and/or transfer agent charges (as applicable). The above requirements regarding the redemption amount and the timing of any specific withdrawal may be modified by the Managing Member, in its sole and absolute discretion, based on, amongst other things, the Series’ current cash flow, the amount of the Series’ reserves, and the Series’ then-current financial condition.