Redemption Request Clause Samples

A Redemption Request clause outlines the process by which an investor or participant can request to redeem, or withdraw, their investment or interest from a fund, account, or similar arrangement. Typically, this clause specifies the required notice period, the form and method of submitting a request, and any conditions or limitations on redemptions, such as minimum amounts or blackout periods. Its core practical function is to provide a clear and orderly mechanism for investors to exit their positions, thereby ensuring predictability and fairness for both the investor and the managing entity.
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Redemption Request. The Member requesting a redemption shall submit a written redemption request to the Managing Member substantially in the form prescribed in Exhibit E attached hereto.
Redemption Request. The Participant understands and agrees that Redemption Requests may be submitted only on days that the Fund is open for business, as required by Section 22(e) of the 1940 Act and that Participant will not attempt to place an Order for purchasing or redeeming any Creation Unit, except as set forth in the Prospectus and Procedures Handbook of the Fund. In addition, in connection with each Redemption Request, the Participant agrees to ascertain that the Shares to be redeemed have not been loaned or pledged to another party and are not the subject of a repurchase agreement, securities lending agreement or any other arrangement that would preclude the delivery of such Shares to the Transfer Agent in accordance with the Prospectus or as otherwise required by the Fund. In addition the Participant agrees that the Fund will acquire good and unencumbered title to Shares, free and clear of all liens, restrictions, charges and encumbrances and not subject to any adverse claims, including without limitation, any restriction upon the sale or transfer of such Shares. The Participant understands and agrees that in the event collateral or Shares are not transferred to the Transfer Agent as set forth in the Procedures Handbook, the Redemption Request trade may be broken by the Fund and the Participant will be solely responsible for all costs incurred by the Fund or the Distributor related to breaking the trade. The Distributor will only process Redemption Requests upon verification from the Transfer Agent of the Fund’s receipt of such collateral or shares. The Participant understands that shares may be redeemed only when one or more Creation Units of Shares of a Beneficial Owner are held in the account of a single Participant.
Redemption Request. The submission through the Platform of a request by a Parent to the Service Provider to provide Services to a Child listed in that request in exchange for Fees. Means: (a) the goods, services or activities offered by the Service Provider to the Platform users and provided by the Service Provider to the Child and in exchange for Fees specified in a Redemption Request; and
Redemption Request. If an Event of default has occurred as a result of failure by the Fund to perform its obligations under Section f2.04(j) of the Insurance Agreement, Financial Security intends to submit a Redemption Request pursuant to section 5.02(b) of the Insurance Agreement requesting the Fund to redeem all outstanding shares of Preferred stock, designating a date for such redemption no later than the second Dividend Payment Date following the date of delivery of such Redemption Request to the Fund.
Redemption Request. Within one (1) Business Day of receipt by Borrower, a copy of any Redemption Request (as defined in Borrower’s Restated Certificate of Incorporation, as amended).
Redemption Request. At any time on or after the seventh anniversary of (a) the Original Series C Issue Date (in the case of the Series C Preferred Stock), (b) the Original Series D Issue Date (in the case of the Series D Preferred Stock), (c) the Original Series E Issue Date (in the case of the Series E Preferred Stock) or (d) the Original Series F Issue Date (in the case of the Series F Preferred Stock), or (e) at any time on or after the fifth anniversary of the Original Series G Issue Date (in the case of the Series G Preferred Stock), but in no event more than once per calendar year with respect to each series of Preferred Stock, this Corporation shall, upon receipt of a written request (the “Redemption Request”) by the holders of at least a majority of (v) the Series C Preferred Stock then outstanding (in the case of a Redemption Request with respect to the Series C Preferred Stock), (w) the Series D Preferred Stock (in the case of a Redemption Request with respect to the Series D Preferred Stock), (x) the Series E Preferred Stock (in the case of a Redemption Request with respect to the Series E Preferred Stock, (y) the Series F Preferred Stock (in the case of a Redemption Request with respect to the Series F Preferred Stock) or (z) the Series G Preferred Stock (in the case of a Redemption Request with respect to the Series G Preferred Stock), redeem for cash, out of any funds legally available therefor, first to the holders of Series G Preferred Stock and, then ratably from holders thereof on each relevant Redemption Date (as defined below), all shares of Series G Preferred Stock (in the case of a Redemption Request with respect to the Series G Preferred Stock) and one-third of the total number of shares of Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock or Series F Preferred Stock, as the case may be, outstanding as of the first Redemption Date. The redemptions of each share of Series C Preferred Stock, each share of Series D Preferred Stock, each share of Series E Preferred Stock, each share of Series F Preferred Stock and each share of Series G Preferred Stock pursuant to this Section 6.1 shall be (i) at the Original Series C Issue Price (in the case of redemptions of Series C Preferred Stock), (ii) at the Original Series D Issue Price (in the case of redemptions of Series D Preferred Stock), (iii) at the Original Series E Issue Price (in the case of redemptions of Series E Preferred Stock), (iv) at the Original Series F Issue Price (in t...
Redemption Request. The Company may, in its discretion, assess this Processing Fee against the Redemption Price for the Request Units. Notwithstanding Section 10.1, or anything else herein, to the contrary, the Redeeming Member is not eligible to receive distributions (made pursuant to Section 10.1 or otherwise) on Request Units in the Fiscal Quarter in which said Member has been redeemed for said Request Units.
Redemption Request. 13 5.2 Sale of the Company........................................... 15
Redemption Request. In the event that the Purchaser delivers a Rule 144 Notice (or a Rule 144 Event occurs despite lack of such notice), then any of the Seller or its Affiliates holding the shares comprising the Closing Payment Shares and/or the Earn-Out Shares may, at its, his or her option, send written notice of the mandatory redemption (the “Redemption Request”) to the Purchaser, stating the number of shares comprising the Closing Payment Shares and/or the Earn-Out Shares held by the Seller or such Affiliate (the “Redeeming Holder”) that the Purchaser shall redeem on the Redemption Date (the “Redemption Shares”). The Redemption Request shall be delivered by the Redeeming Holder to the Purchaser no later than ten (10) Business Days following the later of (a) the date that the Purchaser delivers the Rule 144 Notice and (b) five (5) Trading Days following public announcement of the occurrence or impending occurrence of a Rule 144 Event.
Redemption Request. (a) In accordance with Section 8.6B of the Partnership Agreement, the Company hereby elects to acquire from the Company Stockholder all of the Redeemed Units subject to his Redemption Request in exchange for the Issued Shares. (b) Promptly after the date hereof, the Company shall cause to be delivered to the Company Stockholder the Issued Shares in book entry form, free of any pledge, lien, encumbrance or restriction, other than those provided in the Articles, the bylaws of the Company, the Securities Act, relevant state securities or blue sky laws and any applicable registration rights agreement with respect to such Issued Shares entered into between the Company Stockholder and the Company. (c) The Company Stockholder hereby waives his right to withdraw his Redemption Request in accordance with Section 8.6B of the Partnership Agreement. (d) The Company agrees that, in accordance with Section 8.6C of the Partnership Agreement, the Company Stockholder shall be deemed the owner of the Issued Shares for all purposes, including without limitation, rights to vote or consent and rights to receive dividends related thereto, as of the date hereof.