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: (i) 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 incompetence of a Member; (ii) ownership of such Units 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 to additional registration or regulation under, the securities, commodities, or other laws of the United States or any other relevant jurisdiction; (iii) continued ownership of such Units may be harmful or injurious to the business or reputation of the Fund, or may subject the Fund or any of its Members to an undue risk of adverse tax or other fiscal consequences; (iv) 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 (v) 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 Units.

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: (i1) 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 incompetence of a Member; (ii2) ownership of such Units Share 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 Manager to additional registration or regulation under, the securities, commodities, or other laws of the United States or any other relevant jurisdiction; (iii3) continued ownership of such Units may be harmful or injurious to the business or reputation of the FundFund or the Manager, or may subject the Fund or any of its Members to an undue risk of adverse tax or other fiscal consequences; (iv4) 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 (v5) 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 Units.

Mandatory Redemptions. The Board may cause the TEI 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: (i1) 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 incompetence of a Member; (ii2) ownership of such Units Share by a Member or other person will cause the TEI Fund to be in violation of, or require registration of any Units, or subject TEI Fund or the Fund Manager to additional registration or regulation under, the securities, commodities, or other laws of the United States or any other relevant jurisdiction; (iii3) continued ownership of such Units may be harmful or injurious to the business or reputation of TEI Fund or the FundManager, or may subject the TEI Fund or any of its Members to an undue risk of adverse tax or other fiscal consequences; (iv4) 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 (v5) it would be in the best interests of the TEI Fund, as determined by the Board in its sole and absolute discretion, for the TEI Fund to redeem such Units.

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: (i1) 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 incompetence of a Member; (ii2) ownership of such Units Share 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 Manager to additional registration or regulation under, the securities, commodities, or other laws of the United States or any other relevant jurisdiction; (iii3) continued ownership of such Units may be harmful or injurious to the business or reputation of the FundFund or the Manager, or may subject the Fund or any of its Members to an undue risk of adverse tax or other fiscal consequences; (iv4) any representation or warranty made by a Member in connection com1ection with the acquisition of Units was not true when made or has ceased to be true; or (v5) 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 Units.

Mandatory Redemptions. The Board may cause the Master 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: (i1) 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 incompetence of a Member; (ii2) ownership of such Units Share by a Member or other person will cause the Master Fund to be in violation of, or require registration of any Units, or subject the Master Fund or the Manager to additional registration or regulation under, the securities, commodities, or other laws of the United States or any other relevant jurisdiction; (iii3) continued ownership of such Units may be harmful or injurious to the business or reputation of the FundMaster Fund or the Manager, or may subject the Master Fund or any of its Members to an undue risk of adverse tax or other fiscal consequences; (iv4) 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 (v5) it would be in the best interests of the Master Fund, as determined by the Board in its sole and absolute discretion, for the Master Fund to redeem such Units.