Repurchase of Interests. (a) Except as otherwise provided in this Agreement, no Member or other person holding an Interest or portion thereof shall have the right to withdraw or tender to the Company for repurchase that Interest or portion thereof. The Board from time to time, in its sole discretion and on such terms and conditions as it may determine, may cause the Company to repurchase Interests or portions thereof pursuant to written tenders. In determining whether to cause the Company to repurchase Interests pursuant to written tenders, the Board shall consider the recommendation of the Manager, and shall also consider the following factors, among others:
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Mercantile Absolute Return Fund LLC), Limited Liability Company Agreement (Mercantile Alternative Strategies Fund LLC), Limited Liability Company Agreement (Mercantile Absolute Return Fund LLC)
Repurchase of Interests. (a) Except as otherwise provided in this Agreement, no Member or other person holding an Interest or portion thereof shall have the right to withdraw or tender to the Company Fund for repurchase of that Interest or portion thereof. The Board may from time to time, in its sole complete and exclusive discretion and on such terms and conditions as it may determine, may cause the Company Fund to repurchase Interests or portions thereof pursuant to written tenders. In determining whether to cause the Company Fund to repurchase Interests or portions thereof pursuant to written tenders, the Board shall consider the recommendation of the Manager, and shall also consider the following factors, among others:
Appears in 6 contracts
Samples: Limited Liability Company Agreement (HSBC Absolute Return Portolio LLC), Limited Liability Company Agreement (Ubs Pw Technology Partners LLC), Pw Sequoia Fund LLC
