MANDATORY REDEMPTIONS TO PAY TAXES. In the event that this Fund is required to pay or withhold state, local or other taxes with respect to a particular Investor or Investors, this Fund may redeem an appropriate number of such Investor's or Investors' Units as of the end of the Accounting Period immediately following such payment in order to reimburse this Fund for the amount of such payment, together with interest on the amounts so paid at the 91-day Treasury bill rate as in effect as of the beginning of each calendar month, xxxxting with the calendar month in which such payment is made, through the end of such Accounting Period.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (ML Aspect FuturesAccess LLC), Limited Liability Company Operating Agreement (ML Appleton FuturesAccess LLC)
MANDATORY REDEMPTIONS TO PAY TAXES. In the event that this Fund is required to pay or withhold state, local or other taxes with respect to a particular Investor or Investors, this Fund may redeem an appropriate number of such Investor's ’s or Investors' ’ Units as of the end of the Accounting Period immediately following such payment in order to reimburse this Fund for the amount of such payment, together with interest on the amounts so paid at the 91-day Treasury bill xxxx rate as in effect as of the beginning of each calendar month, xxxxting starting with the calendar month in which such payment is made, through the end of such Accounting Period.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (ML APM Global Commodity FuturesAccess LLC)
MANDATORY REDEMPTIONS TO PAY TAXES. In the event that this Fund is required to pay or withhold state, local or other taxes with respect to a particular Investor or Investors, this Fund may redeem an appropriate number of such Investor's or Investors' Units as of the end of the Accounting Period immediately following such payment in order to reimburse this Fund for the amount of such payment, together with interest on the amounts so paid at the 91-day Treasury bill xxxx rate as in effect as of the beginning of each calendar month, xxxxting starting with the calendar month in which such payment is made, through the end of such Accounting Period.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (ML Winton FuturesAccess LLC)
MANDATORY REDEMPTIONS TO PAY TAXES. In the event that this the Fund is required to pay or withhold state, local or other taxes with respect to a particular Investor Member or InvestorsMembers, this the Fund may redeem an appropriate number of such Investor's Member’s or Investors' Members’ Units as of the end of the Accounting Period immediately following such payment in order to reimburse this the Fund for the amount of such payment, together with interest on the amounts so paid at the 91-91- day Treasury bill xxxx rate as in effect as of the beginning of each calendar month, xxxxting starting with the calendar month in which such payment is made, through the end of such Accounting Period.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Man FRM Managed Futures Strategies LLC)
MANDATORY REDEMPTIONS TO PAY TAXES. In the event that this Fund is required to pay or withhold state, local or other taxes with respect to a particular Investor or Investors, this Fund may redeem an appropriate number of such Investor's or Investors' Units as of the end of the Accounting Period immediately following such payment in order to reimburse this Fund for the amount of such payment, together with interest on the amounts so paid at the 91-day Treasury bill rate as in effect as of the beginning of each calendar month, xxxxting xxxrting with the calendar month in which such payment is made, through the end of such Accounting Period.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (ML Cornerstone FuturesAccess LLC)
MANDATORY REDEMPTIONS TO PAY TAXES. In the event that this the Fund is required to pay or withhold state, local or other taxes with respect to a particular Investor Member or InvestorsMembers, this the Fund may redeem an appropriate number of such Investor's Member’s or Investors' Members’ Units as of the end of the Accounting Period immediately following such payment in order to reimburse this the Fund for the amount of such payment, together with interest on the amounts so paid at the 91-day Treasury bill xxxx rate as in effect as of the beginning of each calendar month, xxxxting starting with the calendar month in which such payment is made, through the end of such Accounting Period.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Man FRM Managed Futures Strategies LLC)