Common use of Dividend Reinvestment Plan Clause in Contracts

Dividend Reinvestment Plan. (a) Unless a Member makes a Distribution Election, all distributions shall be reinvested in full and fractional Units at the Net Asset Value per Unit next determined on the payable date of such Annual Distributions. Any such Units shall be registered in the name of such Member. (b) If a Member has made a Distribution Election, the Fund shall make Annual Distributions in cash (except that the Board may determine to agree to requests to receive Distributions in a combination of cash and Units). Any such Units shall be registered in the name of such Member and any such cash payment shall be mailed or wired as soon as practicable after the final calculation of the amounts due. No interest shall accrue on amounts represented by uncashed Annual Distributions checks. (c) A Member may at any time, by written request to the Fund, make a Distribution Election. (d) The Fund shall be entitled to withhold or cause to be withheld from each Member’s distribution from the Fund such amounts on account of taxes or similar charges, if any, as are required by applicable law. Each Member shall furnish to the Fund from time to time all such information as is required by applicable law or otherwise reasonably requested by the Fund (including certificates in the form prescribed by the Code or Treasury Regulations thereunder or applicable state, local or foreign law) to permit the Fund to ascertain whether and in what amount withholding is required in respect of such Member.