Examples of Series A Units in a sentence
No redemptions shall be permitted prior to the third anniversary of the date of issuance of the Series A Units being redeemed, except for a redemption within ninety (90) days of the death, Disability, or Bankruptcy of a Series A Member who is a natural person (or the beneficiary who is a natural person of an irrevocable trust that holds Series A Units).
The redemption of a Member’s Series A Units in the Company shall be effective as of the close of business on the applicable Redemption Date occurring after a timely Redemption Request in proper form is received by the Manager.
Any Redemption Request in connection with the death, permanent Disability or Bankruptcy of a Series A Member (or the beneficiary who is a natural person of a revocable trust that holds Series A Units) shall include documentary evidence of such event to the reasonable satisfaction of the Manager.
EXHIBIT A As of December 1, 2022 COMMON MEMBERS Name & Mailing Address Capital Contribution Common Units Series A Units Red Oak Capital Holdings, LLC $1,500,000 (See Section 5.8 hereof) 6,000 N/A NON-MANAGING MEMBERS As set forth in the Company Register.
Subject to the terms of this Section 9.4, each Series A Member shall have the right to have such Member’s Series A Units in the Company redeemed, in whole or in part (it being understood that if any redemption causes a Member’s Capital Account balance to be less than $25,000.00, such redemption may be treated as a total redemption) on the last day of each calendar quarter (“Redemption Date”).