Repurchase of Units. (a) Except as otherwise provided in this Agreement, no Member or other person holding Units shall have the right to withdraw or tender to the Fund for repurchase of those Units. The Board from time to time, in its sole discretion and on such terms and conditions as it may determine, may cause the Fund to repurchase Units pursuant to written tenders. However, the Fund shall not offer to repurchase Units on more than four occasions during any one Fiscal Year unless it has received an opinion of counsel to the effect that such more frequent offers would not cause any adverse tax consequences to the Fund or the Members. In determining whether to cause the Fund to repurchase Units pursuant to written tenders, the Board shall consider the following factors, among others:
Appears in 17 contracts
Samples: Limited Liability Company Agreement (CSFB Alternative Capital Long/Short Equity Institutional Fund, LLC), Limited Liability Company Agreement (CSFB Alternative Capital Tactical Trading Institutional Fund, LLC), Limited Liability Company Agreement (CSFB Alternative Capital Event Driven Fund, LLC)
Repurchase of Units. (a) Except as otherwise provided in this Agreement, no Member or other person Person holding Units shall have the right to withdraw or tender to the Fund for repurchase of those Units. The Board from time to time, in its sole and absolute discretion and on such terms and conditions as it may determine, may cause the Fund to repurchase Units pursuant to written tenders. However, the Fund shall not offer to repurchase Units on more than four occasions during any one Fiscal Taxable Year unless it has received an opinion of counsel to the effect that such more frequent offers would not cause any adverse tax consequences to the Fund or the Members. In determining whether to cause the Fund to repurchase Units pursuant to written tenders, the Board shall consider the following factors, among others:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Wells Fargo Multi-Strategy 100 Master Fund I, LLC), Limited Liability Company Agreement (Wells Fargo Family Office Master Fund, LLC)
