Required Transfers. In the event that a Member ceases to be a Qualified Entity, within 90 days of the Member’s loss of Qualified Entity status the Manager shall either cause all of such Member’s Units to be redeemed by the Fund or require such Member to sell all of its outstanding Units to another Qualified Entity. Article X
Appears in 7 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Required Transfers. In the event that a Member ceases to be a Qualified Entity, such Member shall be required to sell its Units to another Qualified Entity within 90 days of the Member’s loss of Qualified Entity status the Manager shall either cause all of such Member’s Units to be redeemed by the Fund or require such Member to sell all of its outstanding Units to another Qualified Entitystatus. Article X
Appears in 1 contract
Samples: Operating Agreement
