Common use of Redemption of Units Clause in Contracts

Redemption of Units. (a) Upon the terms and subject to the conditions set forth in this Section 3,3, each of the Members (other than Managing Member, [CDCC] and their wholly owned Subsidiaries) (the “Redeeming Member” } shall be entitled to cause the Company to redeem all or a portion of such Member’s Units (together with the transfer and surrender of the same number of shares of Class B Common Stock) for an equivalent number of shares of Class A Common Stock (a “Redemption”} or, at the Company’s election made in accordance with Section 3,3(a)(ii), cash equal to the Cash Election Amount calculated with respect to such Redemption. With respect to each Redemption, a Redeeming Member shall be required to redeem at least a number of Units equal to the lesser of [25,000] Units and all of the Units then held by such Redeeming Member. A Redeeming Member shall be permitted to effect a Redemption of Units no more frequently than once per calendar quarter. The Managing Member may, in its discretion, adopt a policy to limit quarterly exchanges to a particular period during each quarter. Upon the Redemption of all of a Member’s Units, such Member shall, for the avoidance of doubt, cease to be a Member of the Company.

Redemption of Units. (a) Upon the terms and subject to the conditions set forth in this Section 3,34.6, each of the Members (other than Managing Member, [CDCC] PubCo and their its wholly owned Subsidiaries) (the “Redeeming Member” } ”) shall be entitled to cause the Company to redeem all or a portion of such Member’s Units (together with the transfer and surrender of the same number of shares of Class B Common Stock) for an equivalent number of shares of Class A Common Stock (a “Redemption”} ) or, at the Company’s election made in accordance with Section 3,3(a)(ii4.6(a)(iii), cash equal to the Cash Election Amount calculated with respect to such Redemption. With respect to each Redemption, a Redeeming Member shall be required to redeem at least a number of Units equal to the lesser of [25,000] 100,000 Units and all of the Units then held by such Redeeming Member. A Redeeming Member shall be permitted to effect a Redemption of Units no more frequently than once per calendar quarter. The Managing Member may, in its discretion, adopt a policy to limit quarterly exchanges to a particular period during each quarter. Notwithstanding the foregoing, a Redeeming Member, together with such Redeeming Member’s Affiliates, may redeem all of such Member’s Units or at least 1,500,000 Units in the aggregate at any time. Upon the Redemption of all of a Member’s Units, such Member shall, for the avoidance of doubt, cease to be a Member of the Company.

Redemption of Units. (a) Upon the terms and subject to the conditions set forth in this Section 3,3, each of the Members (other than Managing Member, [CDCC] and their wholly owned Subsidiaries) (the “Redeeming Member” } shall be entitled to cause the Company to redeem all or a portion of such Member’s Units (together with the transfer and surrender of the same number of shares of Class B Common Stock) for an equivalent number of shares of Class A Common Stock (a “Redemption”} or, at the Company’s election made in accordance with Section 3,3(a)(ii), cash equal to the Cash Election Amount calculated with respect to such Redemption. With respect to each Redemption, a Redeeming Member shall be required to redeem at least a number of Units equal to the lesser of [25,000] the number of Units that would in the aggregate be redeemed for an amount equal to at least $100,000.00 if such Units were redeemed for their Cash Election Amount pursuant to Section 3.3(a)(ii), and all of the Units then held by such Redeeming Member. A Redeeming Member shall be permitted to effect a Redemption of Units no more frequently than once per calendar quarter. The Managing Member may, in its discretion, adopt a policy to limit quarterly exchanges to a particular period during each quarter. Upon the Redemption of all of a Member’s Units, such Member shall, for the avoidance of doubt, cease to be a Member of the Company.

Redemption of Units. (a) (i) Upon the terms and subject to the conditions set forth in this Section 3,34.6, each of the Members (other than Managing Member, [CDCC] PubCo and their its wholly owned Subsidiaries) (the “Redeeming Member” } ”) shall be entitled to cause the Company to redeem all or a portion of such Member’s Units (together with the transfer and surrender of the same number of shares of Class B Common Stock) for an equivalent number of shares of Class A Common Stock (a “Redemption”} ) or, at the Company’s election made in accordance with Section 3,3(a)(ii4.6(a)(iii), cash equal to the Cash Election Amount calculated with respect to such Redemption. With respect to each Redemption, a Redeeming Member shall be required to redeem at least a number of Units equal to the lesser of [25,000] 100,000 Units and all of the Units then held by such Redeeming Member. A Redeeming Member shall be permitted to effect a Redemption of Units no more frequently than once per calendar quarter. The Managing Member may, in its discretion, adopt a policy to limit quarterly exchanges to a particular period during each quarter. Notwithstanding the foregoing, a Redeeming Member, together with such Redeeming Member’s Affiliates, may redeem all of such Member’s Units or at least 1,500,000 Units in the aggregate at any time. Upon the Redemption of all of a Member’s Units, such Member shall, for the avoidance of doubt, cease to be a Member of the Company.

Redemption of Units. (a) (i) Upon the terms and subject to the conditions set forth in this Section 3,34.6, each of the Members (other than Managing Member, [CDCC] PubCo and their its wholly owned Subsidiaries) (the “Redeeming Member” } ”) shall be entitled to cause the Company to redeem all or a portion of such Member’s Units (together with the transfer surrender and surrender delivery of the same number of shares of Class B Common Stock) for an equivalent number of shares of Class A Common Stock (a “Redemption”} ) or, at the Company’s election made in accordance with Section 3,3(a)(ii4.6(a)(iii), cash equal to the Cash Election Amount calculated with respect to such Redemption. With Absent the prior written consent of the Managing Member, with respect to each Redemption, a Redeeming Member shall be (A) required to redeem at least a number of Units equal to the lesser of [25,000·] Units and all of the Units then held by such Redeeming Member. A Redeeming Member shall be and (B) permitted to effect a Redemption of Units no more frequently than once per calendar quarter. The Managing Member may, in its discretion, adopt a policy to further limit quarterly exchanges to a particular period during each quarter. Notwithstanding the foregoing, subject to Section 4.6(k), a Redeeming Member may exercise its redemption right with respect to all of such Member’s Units or at least [·] Units at any time. Upon the Redemption of all of a Member’s Units, such Member shall, for the avoidance of doubt, cease to be a Member of the Company.

Redemption of Units. (a) (i) Upon the terms and subject to the conditions set forth in this Section 3,34.6, each of the Members (other than Managing Member, [CDCC] PubCo and their wholly its wholly-owned Subsidiaries) (the “Redeeming Member” } ”) shall be entitled to cause the Company to redeem all or a portion of such Member’s Units (together with the transfer and surrender of the same number of shares of Class B Common Stock) for an equivalent number of shares of Class A Common Stock (a “Redemption”} ) or, at the Company’s election made in accordance with Section 3,3(a)(ii4.6(a)(iii), cash equal to the Cash Election Amount calculated with respect to such Redemption. With respect to each Redemption, a Redeeming Member shall be required to redeem at least a number of Units equal to the lesser of [25,000] Units and all of the Units then held by such Redeeming Member. A Redeeming Member shall be permitted to effect a Redemption of Units no more frequently than only once per calendar quarter. The Managing Member may, in its discretion, adopt a policy to limit quarterly exchanges to a particular period during each quarter. Notwithstanding the foregoing, a Redeeming Member may redeem all of such Member’s Units or at least Units at any time. Upon the Redemption of all of a Member’s Units, such Member shall, for the avoidance of doubt, shall cease to be a Member of the Company.

Redemption of Units. (a) (i) Upon the terms and subject to the conditions set forth in this Section 3,34.6, each of the Members (other than Managing Member, [CDCC] PubCo and their its wholly owned Subsidiaries) (the “Redeeming Member” } ”) shall be entitled to cause the Company to redeem all or a portion of such Member’s Units (together with the transfer surrender and surrender delivery of the same number of shares of Class B Common Stock) for an equivalent number of shares of Class A Common Stock (a “Redemption”} ) or, at the Company’s election made in accordance with Section 3,3(a)(ii4.6(a)(iv), cash equal to the Cash Election Amount calculated with respect to such Redemption. With Absent the prior written consent of the Managing Member, with respect to each Redemption, a Redeeming Member shall be (A) required to redeem at least a number of Units equal to the lesser of [25,000] 17,500 Units and all of the Units then held by such Redeeming Member. A Redeeming Member shall be and (B) permitted to effect a Redemption of Units no more frequently than once per calendar quarter. The Managing Member may, in its discretion, adopt a policy to further limit quarterly exchanges to a particular period during each quarter. Notwithstanding the foregoing, subject to Section 4.6(k), a Redeeming Member may exercise its redemption right with respect to all of such Member’s Units or at least 350,000 Units at any time. Upon the Redemption of all of a Member’s Units, such Member shall, for the avoidance of doubt, cease to be a Member of the Company.