Redemption Program definition

Redemption Program. As defined in Section 3.3(c).

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Redemption Program means the following:

Redemption Program means this unit redemption program of the Partnership. Except as otherwise determined by the General Partner, Class X Units that are held by SP Investors in connection with the Fund’s acquisition of investments are not subject to this Redemption Program, including with respect to the Volume Limitation described herein. SP Investors – shall mean Stonepeak Partners LP and its subsidiaries and affiliated entities. Units – shall mean fractional, undivided interests in the Partnership or any Feeder Fund and/or interests in any Intermediate Entity or Parallel Fund, unless the context otherwise requires, other than Class X Units that are held by SP Investors in connection with the Partnership’s acquisition of investments. Unitholders – shall mean the holders of the Units of the Partnership or any Feeder Fund. Redemption Program Unitholders may request that the Partnership redeem Units through their financial advisor or directly with the Partnership’s transfer agent. The procedures relating to the redemption of the Units are as follows: • The Redemption Program is expected to commence in the fourth calendar quarter of 2025.

Examples of Redemption Program in a sentence

• The General Partner may cause the Fund to redeem fewer Units than have been requested in any particular calendar quarter under the Redemption Program, or none at all, in its discretion at any time.

• The Redemption Program contains limitations on the number of Units that can be redeemed under the Redemption Program during any calendar quarter.

• For the avoidance of doubt, the Feeder Funds that are investors in the Fund participate in this Redemption Program as if it were a direct holder of Units of the Fund, and investors in Parallel Funds will participate in this Redemption Program on the same terms as Unitholders in the Fund.

• Redemption Program – this unit redemption program for certain Units of the Fund.

• Class C Units acquired by CVC Entities as payment of the Management Fee and/or Incentive Allocation are not subject to this Redemption Program and may be redeemed at CVC’s sole discretion.

• Notwithstanding Section 8.4, the General Partner shall cause the Fund to establish a Redemption Program by which the Fund voluntarily redeems Units (other than Class C Units acquired by CVC Entities as payment of the Management Fee and/or Incentive Allocation) from Unitholders from time to time as set forth in Annex B; provided, that such redemptions do not impair the capital or operations of the Fund or cause the Fund to become subject to tax as a Corporation.

• The Redemption Program is at the sole discretion of the General Partner, and the General Partner may amend or suspend the Redemption Program if in its reasonable judgment it deems such action to be in the Fund’s best interest, including, but not limited to, tax, regulatory or other structuring reasons.

• Redemption Date – the last calendar day of the applicable quarter on which the General Partner expects to redeem Units pursuant to the Redemption Program.

• If the Management Fee is paid in Units, such Units may be redeemed by the Fund at NAV at the Investment Adviser’s request and will not be subject to the volume limitations in the Redemption Program and/or the Early Redemption Deduction.

• The General Partner may amend or suspend the Redemption Program if in its reasonable judgment it deems such action to be in the Fund’s best interest, including, but not limited to, for tax, regulatory or other structuring reasons.

More Definitions of Redemption Program

Redemption Program means 2009Q4 - Satellite L500/016 - $100 Redemption

Redemption Program has the meaning set forth in Section 4.2(d) hereof. Reference Period means each 12-month period ending as of the Fund’s Fiscal Year-end (or such other period ending as of the Fund’s Fiscal Year-end in the event the Fund’s Fiscal Year is changed).

Redemption Program. This unit redemption program of the Fund.