Compulsory Redemption. If an Event of Default occurs, the Secretary may demand that the Borrower redeem the Guaranteed Bonds in accordance with its terms.
Compulsory Redemption. The Manager may, by notice to any Member, force the sale of all or a portion of such Member’s interest in the Company, or the withdrawal of a Member, on such terms as the Manager determines to be fair and reasonable, or take such other action as it determines to be fair and reasonable in the event that the Manager determines or has reason to believe that: (i) such Member has attempted to effect a transfer of, or a transfer has occurred with respect to, any portion of such Member’s interest in the Company in violation of this Agreement; (ii) continued ownership of such interest in the Company by such Member is reasonably likely to cause the Company to be in violation of securities laws of the United States or any other relevant jurisdiction or the rules of any self-regulatory organization applicable to the Manager or an affiliate; (iii) continued ownership of an interest in the Company by such Member may be harmful or injurious to the business or reputation of the Company or the Manager, or may subject the Company or any Member to a risk of adverse tax or other fiscal consequence, including without limitation, adverse consequence under ERISA; (iv) any of the representations or warranties made by such Member under this Agreement was not true when made or has ceased to be true; (v) any portion of such Members interest in the Company has vested in any other person by reason of bankruptcy, dissolution, incompetency or death of such Member; (vi) the Member’s continued ownership of its interest in the Company would cause the Company to be required to register as an “Investment Company” under the Investment Company Act; or (vii) it would not be in the best interests of the Company, as determined by the Manager, for such Member to continue ownership of its interest in the Company.
Compulsory Redemption. The Management Company has the right to redeem compulsorily all or any of the Units held by any Unitholder at any time (even where the redemption of Units of any Sub-Fund or Class has been suspended) subject to such liquidity constraints as may be applicable at that time under, but not limited to, the following circumstances:
a. if it is in the best interest or for the protection of the Unitholders, the UCITS and/or a Sub-Fund;
b. if a Unitholder or its beneficiary does not fulfil the eligibility criteria for a particular Class;
c. a Unitholder in breach of any law or requirement of any country or governmental authority or by virtue of which such person is not qualified to hold such Units;
d. a Unitholder who is, or has acquired such Units on behalf of or for the benefit of a U.S. person, (except in transactions exempt from the registration requirements of the Securities Act and applicable state securities laws);
Compulsory Redemption. The Management Company may compulsory redeem all or some of a Unitholder’s Units. A compulsory redemption could result in adverse tax or economic consequences to that Unitholder.
Compulsory Redemption. The Management Company has the right to redeem compulsorily all or any of the Units held by any Unitholder at any time (even where the redemption of Units of any Sub-Fund or Class has been suspended) subject to such liquidity constraints as may be applicable at that time under, but not limited to, the following circumstances:
a. if it is in the best interest or for the protection of the Unitholders, the UCITS and/or a Sub-Fund;
b. if a Unitholder or its beneficiary does not fulfil the eligibility criteria for a particular Class;
c. if a Unitholder is in breach of any law or requirement of any country or governmental authority or by virtue of which such person is not qualified to hold such Units;
d. if a Unitholder is, or has acquired such Units on behalf of or for the benefit of a U.S. person, (except in transactions exempt from the registration requirements of the Securities Act and applicable state securities laws);
e. if a Unitholder is in circumstances which in the opinion of the Management Company might result in regulatory, pecuniary, legal, taxation or material administrative disadvantage for the UCITS, a Sub-Fund or its Unitholders as a whole;
f. if a Unitholder is suspected of utilizing “market timing”, “late trading” or any other market techniques that may be detrimental to the position of other Unitholders in a Sub-Fund; or
g. to give effect to any conversion, transfer, restructuring, split, merger, termination or roll-up policy.
Compulsory Redemption. If the Board in their absolute discretion consider that any Cell Shares that have been acquired or owned or held directly or indirectly by any Person in circumstances which, in their opinion, might result in the Company incurring any liability to taxation or suffering any other pecuniary disadvantage which the Company might not otherwise have incurred or if the amount of the investment of a Person falls below the amount required to qualify as an Expert Investor, the Board may require the redemption or transfer of such Shares. To require the redemption or transfer of Cell Shares in the Company, the Board will serve on the Shareholder a notice requiring him to transfer his Cell Shares to a Person eligible to hold the same or to give a redemption request in respect of such Cell Shares. If any such Person upon whom such a notice is served as aforesaid does not, within 30 days after such notice, transfer such Cell Shares or give a redemption request in respect thereof, he shall be deemed forthwith upon the expiration of such 30 day period to have given a redemption request in respect of all his Cell Shares and the Board shall be entitled to appoint any Person to sign on his behalf such documents as may be required for the purposes of the redemption. If any Cell Shares are compulsorily redeemed pursuant to this Section, the Board shall deposit in a separate bank account the redemption proceeds. Upon such deposit, the Person whose Cell Shares have been so redeemed shall have no interest in or claim against the Company or its assets except the right to receive the redemption proceeds deposited (without interest) upon surrender of any document(s) that are required for the purposes of redemption or settlement.
Compulsory Redemption. The Manager may, by notice to any Member, force the sale of all or a portion of that Member’s Interest on terms as the Manager determines to be fair and reasonable, or take other action as it determines to be fair and reasonable in the event that the Manager determines or has reason to believe that: (i) that Member has attempted to effect a Transfer of, or a Transfer has occurred with respect to, any portion of that Member’s Interest in violation of this Agreement; (ii) continued ownership of that Interest by that Member is
Compulsory Redemption. The Administrator may, by notice to any Member, force the redemption and/or sale of all or a portion of that Member’s Interest on terms as the Administrator determines to be fair and reasonable, or take other action as it determines to be fair and reasonable in the event that the Administrator determines or has reason to believe that: (i) that Member has attempted to effect a Transfer of, or a Transfer has occurred with respect to, any portion of that Member’s Interest in violation of this Agreement; (ii) continued ownership of that Interest by that Member is reasonably likely to cause the Fund to be in violation of securities laws of the United States or any other relevant jurisdiction or the rules of any self-regulatory organization applicable to the Administrator, Advisor or its Affiliates; (iii) continued ownership of that Interest by that Member may be harmful to the business or reputation of the Fund or the Administrator or the Advisor, or may subject the Fund or any Members to a risk of adverse tax or other fiscal consequence, including adverse consequences under ERISA; (iv) any of the material representations or warranties made by that Member under this agreement or under any Subscription Agreement signed by that Member in connection with the acquisition of an Interest was not true when made or has ceased to be true; (v) any portion of that Member’s Interest has vested in any other Persons by reason of the bankruptcy, dissolution, incompetency or death of that Member; or (vi) it would not be in the best interests of the Fund, as determined by the Organizer or the Administrator, for that Member to continue ownership of its Interest; provided, however, that the Organizer or the Administrator shall discuss with the Member in good faith. Upon the redemption and/or sale of a Member’s Interest pursuant to this section, such Member shall automatically be deemed to have withdrawn as a Member and shall no longer hold any interest in the Fund.
Compulsory Redemption. The Company may compulsorily redeem the Shares of any shareholder at any time to ensure compliance with securities laws or any applicable rule or regulation.
Compulsory Redemption. 8.9.1. The Partnerships may compulsorily redeem all of the Tokens held by a Limited Partner if –
8.9.1.1. the holding of such Tokens may, in the sole discretion of the Partnership, result in regulatory, pecuniary, legal, taxation, material administrative, reputational or other harm or disadvantage to the Partnership or its Partners and/or
8.9.1.2. the Investment is no longer reasonably achievable due to unforeseen circumstances and/or
8.9.1.3. any law is passed which renders it illegal or impracticable for the Partnership to continue its operations and/or
8.9.1.4. the Limited Partner is found to have engaged in fraudulent or malicious activities that jeopardise the integrity or security of the Partnership’s operations and/or
8.9.1.5. the Limited Partner has breached any of the terms and conditions of this Agreement, and such breach has not been remedied within a specified period; and/or
8.9.1.6. the Partnership undergo a significant structural change, such as a merger, acquisition, or dissolution, which affects its ability to manage or uphold the Tokens and/or
8.9.1.7. the Limited Partner becomes insolvent, declares bankruptcy, and/or
8.9.1.8. there is a significant technological disruption or failure that makes it impossible for the Partnership to manage or distribute the Tokens and/or
8.9.1.9. the Partnership receives a directive or notice from a regulatory body or authority requiring the cessation of the Tokens' distribution or management; and/or
8.9.1.10. the Limited Partner's actions or associations bring disrepute or negative publicity to the Partnership or Rainfin, affecting its reputation or business operations adversely; and/or
8.9.1.11. where the general partner of the Partnership and any management Partnership employed by the Partnership has disposed of the Asset on the basis that the Investment is no longer sustainable and it is in the interests of the Limited Partners to dispose of the Asset; and/or
8.9.1.12. the Partnership determines that continuing to allow the Limited Partner to hold Tokens poses a significant risk to the Partnership 's other investors or stakeholders and/or
8.9.1.13. The partnership need to comply with new or updated international sanctions or embargoes or laws that restrict certain individuals or entities and/or
8.9.1.14. the Limited Partner fails to provide necessary documentation or information required by the Partnership for compliance or due diligence purposes within a specified timeframe.
8.9.2. Tokens will be compu...
