Common use of Mandatory Redemptions Clause in Contracts

Mandatory Redemptions. The Board may cause the Fund to redeem Units of a Member or any person acquiring Units thereof from or through a Member in the event that the Board determines or has reason to believe that, among other things: (1) such Units have been transferred or such Units have vested in any person by operation of law as a result of the death, dissolution, bankruptcy, or incompetency of a Member; (2) ownership of such Unit by a Member or other person will cause the Fund to be in violation of, or require registration of any Units, or subject the Fund or the Investment Adviser to additional registration or regulation under, the securities, commodities, or other laws of the United States or any other relevant jurisdiction; (3) continued ownership of such Units may be harmful or injurious to the business or reputation of the Fund or the Investment Adviser, or may subject the Fund or any of its Members to an undue risk of adverse tax or other fiscal consequences; (4) for any period during which an emergency exists as a result of which it is not reasonably practicable for the Fund to dispose of securities it owns or to determine the value of the Fund's net assets; (5) any representation or warranty made by a Member in connection with the acquisition of Units was not true when made or has ceased to be true; or (6) it would be in the best interests of the Fund, as determined by the Board in its sole and absolute discretion, for the Fund to redeem such a Unit.

Mandatory Redemptions. The Board may cause the Fund Company to redeem Units the Interest of a Member or of any person acquiring Units thereof such an Interest from or through a Member in the event that the Board determines or has reason to believe that, among other things: (1) . such Units have Interest has been transferred or such Units have Interest has vested in any person by operation of law as a result of the death, dissolution, bankruptcy, or incompetency of a Member; (2) . ownership of such Unit Interest by a Member or other person will cause the Fund Company to be in violation of, or require registration of any UnitsInterests, or subject the Fund Company or the Investment Adviser Manager to additional registration or regulation under, the securities, commodities, or other laws of the United States or any other relevant jurisdiction; (3) . continued ownership of such Units Interest may be harmful or injurious to the business or reputation of the Fund Company or the Investment AdviserManager, or may subject the Fund Company or any of its Members to an undue risk of adverse tax or other fiscal consequences; (4) . for any period during which an emergency exists as a result of which it is not reasonably practicable for the Fund Company to dispose of securities it owns or to determine the value of the Fund's Company’s net assets; (5) . any representation or warranty made by a Member in connection with the acquisition of Units such Interest was not true when made or has ceased to be true; or (6) . it would be in the best interests of the FundCompany, as determined by the Board in its sole and absolute discretion, for the Fund Company to redeem such a UnitInterest.

Mandatory Redemptions. The Board may cause the Fund to redeem Units of a Member or any person acquiring Units thereof from or through a Member in the event that the Board determines or has reason to believe that, among other things: (1) such Units have been transferred or such Units have vested in any person by operation of law as a result of the death, dissolution, bankruptcy, or incompetency of a Member; (2) ownership of such Unit by a Member or other person will cause the Fund to be in violation of, or require registration of any Units, or subject the Fund or the Investment Adviser to additional registration or regulation under, the securities, commodities, or other laws of the United States or any other relevant jurisdiction; (3) continued ownership of such Units may be harmful or injurious to the business or reputation of the Fund or the Investment Adviser, or may subject the Fund or any of its Members to an undue risk of adverse tax or other fiscal consequences; (4) for any period during which an emergency exists as a result of which it is not reasonably practicable for the Fund to dispose of securities it owns or to determine the value of the Fund's net assets; (5) any representation or warranty made by a Member in connection with the acquisition of Units was not true when made or has ceased to be true; or (6) it would be in the best interests of the Fund, as determined by the Board in its sole and absolute discretion, for the Fund to redeem such a an Unit.. ---------------------------------------------------------

Mandatory Redemptions. The Board may cause the Fund Company to redeem Units the Interest of a Member or of any person acquiring Units thereof such an Interest from or through a Member in the event that the Board determines or has reason to believe that, among other things: (1) such Units have Interest has been transferred or such Units have Interest has vested in any person by operation of law as a result of the death, dissolution, bankruptcy, or incompetency of a Member; (2) ownership of such Unit Interest by a Member or other person will cause the Fund Company to be in violation of, or require registration of any UnitsInterests, or subject the Fund Company or the Investment Adviser Manager to additional registration or regulation under, the securities, commodities, or other laws of the United States or any other relevant jurisdiction; (3) continued ownership of such Units Interest may be harmful or injurious to the business or reputation of the Fund Company or the Investment AdviserManager, or may subject the Fund Company or any of its Members to an undue risk of adverse tax or other fiscal consequences; (4) for any period during which an emergency exists as a result of which it is not reasonably practicable for the Fund Company to dispose of securities it owns or to determine the value of the Fund's Company’s net assets; (5) any representation or warranty made by a Member in connection with the acquisition of Units such Interest was not true when made or has ceased to be true; or (6) it would be in the best interests of the FundCompany, as determined by the Board in its sole and absolute discretion, for the Fund Company to redeem such a UnitInterest.

Mandatory Redemptions. The Board may cause the Fund to redeem Units of a Member or any person acquiring Units thereof from or through a Member in the event that the Board determines or has reason to believe that, among other things: (1) such Units have been transferred or such Units have vested in any person by operation of law as a result of the death, dissolution, bankruptcy, or incompetency of a Member; (2) ownership of such Unit by a Member or other person will cause the Fund to be in violation of, or require registration of any Units, or subject the Fund or the Investment Adviser to additional registration or regulation under, the securities, commodities, or other laws of the United States or any other relevant jurisdiction; (3) continued ownership of such Units may be harmful or injurious to the business or reputation of the Fund or the Investment Adviser, or may subject the Fund or any of its Members to an undue risk of adverse tax or other fiscal consequences; (4) for any period during which an emergency exists as a result of which it is not reasonably reasonabHly practicable for the Fund to dispose of securities it owns or to determine the value of the Fund's net assets; (5) any representation or warranty made by a Member in connection with the acquisition of Units was not true when made or has ceased to be true; or (6) it would be in the best interests of the Fund, as determined by the Board in its sole and absolute discretion, for the Fund to redeem such a an Unit.. ------------------------------------------------------------------------------

Mandatory Redemptions. The Board may cause the Fund Company to redeem the Units of a Member or of any person acquiring such an Units thereof from or through a Member in the event that the Board determines or has reason to believe that, among other things: (1) such Units have been transferred or such Units have vested in any person by operation of law as a result of the death, dissolution, bankruptcy, or incompetency of a Member; (2) ownership of such Unit Units by a Member or other person will cause the Fund Company to be in violation of, or require registration of any Units, or subject the Fund Company or the Investment Adviser Manager to additional registration or regulation under, the securities, commodities, or other laws of the United States or any other relevant jurisdiction; (3) continued ownership of such Units may be harmful or injurious to the business or reputation of the Fund Company or the Investment AdviserManager, or may subject the Fund Company or any of its Members to an undue risk of adverse tax or other fiscal consequences; (4) for any period during which an emergency exists as a result of which it is not reasonably practicable for the Fund Company to dispose of securities it owns or to determine the value of the Fund's Company’s net assets; (5) any representation or warranty made by a Member in connection with the acquisition of such Units was not true when made or has ceased to be true; or (6) it would be in the best interests of the FundCompany, as determined by the Board in its sole and absolute discretion, for the Fund Company to redeem such a UnitUnits.

Mandatory Redemptions. The Board may cause the Fund Company to redeem the Units of a Member or of any person acquiring such Units thereof from or through a Member in the event that the Board determines or has reason to believe that, among other things: (1) . such Units have been transferred or such Units have Interest has vested in any person by operation of law as a result of the death, dissolution, bankruptcy, or incompetency of a Member; (2) . ownership of such Unit Units by a Member or other person will cause the Fund Company to be in violation of, or require registration of any UnitsInterests, or subject the Fund Company or the Investment Adviser Manager to additional registration or regulation under, the securities, commodities, or other laws of the United States or any other relevant jurisdiction; (3) . continued ownership of such Units may be harmful or injurious to the business or reputation of the Fund Company or the Investment AdviserManager, or may subject the Fund Company or any of its Members to an undue risk of adverse tax or other fiscal consequences; (4) . for any period during which an emergency exists as a result of which it is not reasonably practicable for the Fund Company to dispose of securities it owns or to determine the value of the Fund's Company’s net assets; (5) . any representation or warranty made by a Member in connection with the acquisition of such Units was not true when made or has ceased to be true; or (6) . it would be in the best interests of the FundCompany, as determined by the Board in its sole and absolute discretion, for the Fund Company to redeem such a UnitUnits.