Redemption Process. (a) Class A Limited Membership Interests may be redeemed (the applicable redemption date, the “Class A Purchase Date”) pursuant to Section 15.1 on at least five (5) days’, but not more than sixty (60) days’, prior notice sent or delivered to the Administrative Agent (or to the address, pursuant to Section 17.1, of each Class A Limited Member holding Class A Limited Membership Interests to be redeemed, if no Administrative Agent is appointed at the time). The Managing Member or, at its option, the Administrative Agent (if any) shall deliver such notice to the address, pursuant to Section 17.1, of each Class A Limited Member holding Class A Limited Membership Interests to be redeemed. The Company shall be deemed to exercise its redemption rights set forth in Section 15.1(a) or 15.1(b), as applicable, upon delivery of notice by the Company to the Administrative Agent (or to the applicable Class A Limited Members, if no Administrative Agent is appointed at the time).
Appears in 1 contract
Redemption Process. (a) Class A Limited Membership Interests may be redeemed (the applicable redemption date, the “Class A Purchase Date”) pursuant to Section 15.1 on at least five ten (510) days’, but not more than sixty (60) days’, prior notice sent or delivered to the Administrative Agent (or to the address, pursuant to Section 17.1, of each Class A Limited Member holding Class A Limited Membership Interests to be redeemed, if no Administrative Agent is appointed at the time). The Managing Member or, at its option, the Administrative Agent (if any) shall deliver such notice to the address, pursuant to Section 17.1, of each Class A Limited Member holding Class A Limited Membership Interests to be redeemed. The Company shall be deemed to exercise its redemption rights set forth in Section 15.1(a) or 15.1(b), as applicable, upon delivery of notice by the Company to the Administrative Agent (or to the applicable Class A Limited Members, if no Administrative Agent is appointed at the time).
Appears in 1 contract