Redemption Days definition
Redemption Days means the first Business Day of each calendar quarter (and if any such date is not a Business Day then the Redemption Day will be the next Business Day) or such other additional Business Day or Business Days as may be agreed between the Directors from time totime.
Examples of Redemption Days in a sentence
Redemptions carried forward shall be treated equally with all other Unitholders seeking timely redemption of their Units on that same Redemption Day, without regard to whether or not redemption requests were given with respect to previous Redemption Days and subject always to the threshold for each Redemption Day as described above.
The General Partner will pro-rate all such redemption requests to the stated level and will defer the remainder until the next Redemption Day and all following Redemption Days until the original request has been satisfied in full.