Request for Redemption definition

Request for Redemption means a letter in the form specified by the General Partner. The General Partner may consent to Redemptions by a Limited Partner in any amount at any time. Upon Redemption, a Limited Partner (or a Substituted Limited Partner) shall receive from the Partnership for each Unit redeemed an amount equal to the Net Asset Value per Unit thereof (as defined in Section 6(d)(3)) as of the Redemption Date, prior to the beginning of trading on such day and prior to the accrual of any management fees, incentive fees, brokerage commissions, administrative fees, and interest, and less any amount owing by such Partner (and his assignee, if any) to the Partnership pursuant to Section 13(d). If a Redemption is requested by an assignee, all amounts owed to the Partnership under Section 13(d) by the Partner to whom such Unit was sold, as well as all amounts owed by all assignees of such Unit, shall be deducted from the Net Asset Value per Unit upon Redemption. The General Partner shall endeavor to pay Redemptions within 10 Business Days after the Redemption Date; provided, however, if the General Partner believes that extraordinary circumstances exist, including, but not limited to, the Partnership’s inability to liquidate any positions as of a Redemption Date, or a default or delay in payments due to the Partnership by one or more of the Trading Companies, or other significant administrative or other hardships exist (collectively, “Hardships”), the Partnership may in turn delay payment to Partners requesting Redemption of the proportionate part of the value of redeemed Units represented by the illiquid sum or sums which are the subject of such Hardships, in which even payment for Redemptions will be made to Limited Partners as soon as practicable following the resolution of such Hardships. Redemptions will be made by credit to the Limited Partner’s customer account with ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, or an affiliate or a subsidiary thereof, or by check mailed to the Limited Partner if the Limited Partner has no such account. The General Partner may, in its absolute discretion, waive any restrictions or charges applicable to Redemptions. The General Partner may suspend Redemptions of any or all Classes or Series of Units by the Limited Partners in any Fiscal Year in which the General Partner determines that (i) such suspension is necessary in order to assure that the Partnership will not be treated as “publicly traded” under Internal Revenue Code of 1986, as amended, §7704, and...

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Request for Redemption means a request for a redemption from an SPV security pursuant to the terms and conditions as set forth in this MOU and made substantially in the form of the Request for Redemption attached as Exhibit B to this MOU.

Request for Redemption means a letter sent by a Limited Partner (or assignee thereof) and received by the General Partner at least 10 days in advance of the date redemption is requested, which shall be the last day of the calendar month. In such request, the Limited Partner must represent and warrant that he is the true, lawful, and beneficial owner of the subject limited partnership interest with full power and authority to request the redemption and must further represent that such limited partnership interest is not subject to any encumbrances. The signature of the Limited Partner requesting the redemption must be guaranteed by a commercial bank or by a member of either a national securities exchange or the National Association of Securities Dealers, Inc. The General Partner may, in its sole discretion, waive any notice period or the requirement of a guaranteed signature, provided that, in the opinion of the General Partner, the Partnership will not be prejudiced by such action. Notwithstanding the foregoing, the General Partner may in its sole discretion from time to time cause the redemption of a Limited Partner’s interest in the Partnership upon 10 days’ prior written notice to the Limited Partner (or any assignee of such Partner’s interest), which notice shall specify the Redemption Date. With respect to all redemptions, payment will be made within 30 days after the Redemption Date, except that, under special circumstances including but not limited to the inability on the part of the Partnership to liquidate commodity positions as of such Redemption Date or default or delay in payments due the Partnership from commodity brokers, banks or other persons, the Partnership may delay payment to Partners whose interests are being redeemed.

Examples of Request for Redemption in a sentence

• From time to time, DWR may increase or decrease brokerage fees to be charged to the Customer; provided, however, that: (i) notice of such increase is mailed to each Limited Partner at least five business days prior to the last date on which a "Request for Redemption" must be received by the General Partner with respect to the applicable Redemption Date; and (ii) such notice shall describe the redemption and voting rights of Limited Partners.

• A form of Request for Redemption may be obtained by written request to the General Partner.

• Additional forms of Request for Redemption may be obtained by written request to the General Partner.

• As used in this Agreement, a Request for Redemption shall mean a letter, in the form specified by the General Partner, sent by a Limited Partner (or any assignee of whom the General Partner have received a written notice as described above) and received by the General Partner at least fifteen (15) days, or such lesser period as shall be acceptable to the General Partner, in advance of the requested effective date of redemption.

• A form of Request for Redemption is included in the Memorandum referred to in Paragraph 12.

• A form of Request for Redemption is included in the Memorandum referred to in Paragraph 11.

• From time to time, DWR may increase or decrease brokerage fees to be charged to the Customer; PROVIDED, HOWEVER, that: (i) notice of such increase is mailed to each Limited Partner at least five business days prior to the last date on which a "Request for Redemption" must be received by the General Partner with respect to the applicable Redemption Date; and (ii) such notice shall describe the redemption and voting rights of Limited Partners.

• If an SPV security will be redeemed on Monday the 13th, the Fiscal Service must receive the Request for Redemption by 3:00 p.m. Eastern Time on Friday the 10th.

• Notwithstanding anything to the contrary herein, the Secretary may comply with a Request for Investment, Request for Redemption, or other communication originated by the LLC or the Managing Member that was received by the Fiscal Service in accordance with this MOU prior to receiving the Notice of Exclusive Control in the event that the Secretary has initiated any actions necessary to comply and cannot reasonably halt such actions.

• A properly addressed document or notice supporting a Request for Investment, Request for Redemption, Notice of Exclusive Control, waiver, payment, or any other transaction notice or other communication to the Secretary, the LLC, the Managing Member or the Secured Party shall be deemed to have been delivered if it is sent by means of an Approved Method of Electronic Delivery.

More Definitions of Request for Redemption

Request for Redemption means a request by an Employee Shareholder for redemption of Shares in the form found on the Ministry's website;

Request for Redemption means a letter in the form specified by the General Partner. The General Partner may consent to Redemptions by a Limited Partner in any amount at any time. Upon Redemption, a Limited Partner (or any assignee thereof) shall receive from the Partnership for each Unit redeemed an amount equal to the Net Asset Value per Unit thereof (as defined in Section 7(d)(3)) as of the Redemption Date, prior to the beginning of trading on such day and prior to the accrual of any management fees, incentive fees, brokerage commissions, administrative fees, and interest, and less any amount owing by such Partner (and his assignee, if any) to the Partnership pursuant to Section 14(d). If a Redemption is requested by an assignee, all amounts owed to the Partnership under Section 14(d) by the Partner to whom such Unit was sold, as well as all amounts owed by all assignees of such Unit, shall be deducted from the Net Asset Value per Unit upon Redemption. The General Partner shall endeavor to pay Redemptions within 10 Business Days after the Redemption Date, except that under special circumstances exist including, but not limited to, the inability on the part of the Partnership to liquidate Futures Interests or the default or delay in payments which shall be due the Partnership from commodity brokers, banks, or other persons, the Partnership may delay payment to Partners requesting Redemption of the proportionate part of the value of redeemed Units represented by the illiquid sum or sums which are the subject of such default or delay. Redemptions will be made by credit to the Limited Partner’s customer account with ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Wealth Management, or an affiliate or a subsidiary thereof, or by check mailed to the Limited Partner if such account is closed. The General Partner may, in its absolute discretion, waive any restrictions or charges applicable to Redemptions. The foregoing terms and conditions in this Section 10(b) shall also apply to redemptions effected on “Special Redemption Dates” held in accordance with Section 9. The General Partner shall be authorized to execute, file, record, and publish, on behalf of the Partnership and each Partner, such amendments to this Agreement and such other documents as shall be necessary or desirable to reflect any Redemption pursuant to this Section 10(b).

Request for Redemption means a request for redemption a repurchase of Shares in the form attached as Appendix G.

Request for Redemption means a letter in the form specified by the Managing Member. The Managing Member may consent to Redemptions by a Non-Managing Member in any amount at any time. Upon Redemption, a Non-Managing Member (or a Substituted Non-Managing Member) shall receive the value of its Capital Account that is requested for withdrawal. If a Redemption is requested by an assignee, all amounts owed to the Company or the Series under Section 14(d) by the Member to whom such Interests were sold, as well as all amounts owed by all assignees of such Interests, shall be deducted from the amount otherwise due upon Redemption. The Managing Member shall endeavor to pay Redemptions within 10 Business Days after the Redemption Date; provided, however, if the Managing Member believes that extraordinary circumstances exist, including, but not limited to, the Series’ inability to liquidate any positions as of a Redemption Date, or a default or delay in payments due to the Series by one or more of the Trading Companies, or other significant administrative or other hardships exist (collectively, “Hardships”), the Company may in turn delay payment to Members requesting Redemption of the proportionate part of the value of redeemed Interests represented by the illiquid sum or sums which are the subject of such Hardships, in which event payment for Redemptions will be made to the Members as soon as practicable following the resolution of such Hardships. The Managing Member may, in its absolute discretion, waive any restrictions or charges applicable to Redemptions. The Managing Member may suspend Redemptions of Interests of any Class or Series in any Fiscal Year in which the Managing Member determines that (i) such suspension is necessary in order to assure that the Company and each Series will not be treated as “publicly traded” under Internal Revenue Code of 1986, as amended, §7704, and (ii) treatment as “publicly traded” would be adverse to the Non-Managing Members. The Managing Member’s good faith determinations pursuant to the preceding sentence shall be final and conclusive as to all Non-Managing Members. In addition, the Managing Member may suspend Redemptions of Interests of any Class or Series for the whole or part of any Fiscal Year if the Managing Member determines that (i) the effect of Redemptions, including Redemptions for which Redemption Requests have been received, would materially impair the Series’ ability to operate in pursuit of its objectives; (ii) the remaining Non-Managin...