Discretionary Repurchases. The Board shall cause the Fund to repurchase Units on terms fair to the Fund and to all Members in the following manner (or subject to such other repurchase procedures as the Board may adopt from time to time that would not adversely affect the Members in any material respect):
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Ironwood Multi-Strategy Fund LLC), Limited Liability Company Agreement (Ironwood Institutional Multi-Strategy Fund LLC), Limited Liability Company Agreement (Ironwood Multi-Strategy Fund LLC)
Discretionary Repurchases. The Board shall cause the Fund to repurchase Units on terms fair to the Fund and to all Members or one or more classes of Members (including persons holding Units acquired from Members), as applicable, in the following manner (or subject to such other repurchase procedures as the Board may adopt from time to time that would not adversely affect the Members in any material respect):manner:
Appears in 6 contracts
Samples: Limited Liability Company Operating Agreement (City National Rochdale High Yield Alternative Strategies Master Fund LLC), Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Master Fund LLC), Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Fund LLC)
Discretionary Repurchases. The Board shall Subject to Section 4.4(a) above, the Board, in its sole discretion may cause the Fund to repurchase Units on terms fair to the Fund and to all Members or one or more classes of Members (including persons holding Units acquired from Members), as applicable, in the following manner (or subject to such other repurchase procedures as the Board may adopt from time to time that would not adversely affect the Members in any material respect):manner:
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (Rochdale High Yield Advances Fund LLC), Limited Liability Company Operating Agreement (Rochdale Alternative Total Return Fund LLC), Limited Liability Company Operating Agreement (Rochdale Structured Claims Fixed Income Fund LLC)
Discretionary Repurchases. The Board shall cause the Fund to repurchase Units on terms fair to the Fund and to all Members in the following manner (or subject to such other repurchase procedures as the Board may adopt from time to time that would not adversely affect the Members in any material respect):manner:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Ironwood Multi-Strategy Fund LLC), Limited Liability Company Agreement (Ironwood Institutional Multi-Strategy Fund LLC)
Discretionary Repurchases. The Board shall cause the Fund to repurchase Units on terms fair to the Fund and to all Members in the following manner (or subject to such other repurchase procedures as the Board may adopt from time to time that would not adversely affect the Members in any material respect)::
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ironwood Multi-Strategy Fund LLC)
