Common use of Mandatory Redemptions Clause in Contracts

Mandatory Redemptions. (a) The Sponsor may mandatorily redeem part or all of the Units held by a particular Investor if the Sponsor determines that (i) such Investor’s continued holding of Units could result in adverse consequences to this FuturesAccess Fund, (ii) such Investor has a history of excessive exchanges between different FuturesAccess Funds and/or HedgeAccess Funds that is contrary to the purpose and/or efficient management of the Programs, (iii) such Investor’s investment in the Units, or aggregate investment in FuturesAccess, is below the minimum level established by the Sponsor (including any increase in such minimum level that the Sponsor may implement in the future), or (iv) for any other reason. (b) The Sponsor will mandatorily redeem all of a FuturesAccess Fund’s outstanding Units in the event that the Sponsor concludes that it is no longer advisable to place client capital with the Trading Advisor or if the amount of assets invested in this FuturesAccess Fund declines to a level that the Sponsor believes makes the continued operation of such FuturesAccess Fund impracticable or uneconomical. (c) Units mandatorily redeemed shall be redeemed as of the specified month-end without any further action The Xxxxxxx Xxxxx FuturesAccessSM Funds on the part of the affected Investor, and the provisions of Sections 3.02 and 3.07 shall apply. In the event that the Sponsor mandatorily redeems any of an Investor’s Units, such Investor shall have the option to redeem all of such Investor’s Units as of the date fixed for redemption.

Mandatory Redemptions. (a) The Sponsor Manager may mandatorily redeem part or all of the Units held by a particular Investor if the Sponsor Manager determines that (i) such Investor’s 's continued holding of Units could result in adverse consequences to this FuturesAccess Fund, (ii) such Investor has a history of excessive exchanges between different FuturesAccess Funds and/or HedgeAccess Funds that is contrary to the purpose and/or efficient management of the Programs, (iii) such Investor’s 's investment in the Units, or aggregate investment in FuturesAccessthe FuturesAccess Program, is below the minimum level established by the Sponsor Manager (including any increase in such minimum level that the Sponsor Manager may implement in the future), or (iv) for any other reason. (b) The Sponsor Manager will mandatorily redeem all of a FuturesAccess Fund’s 's outstanding Units in the event that the Sponsor Manager concludes that it is no longer advisable to place client capital with the Trading Advisor or if the amount of assets invested in this FuturesAccess Fund declines to a level that the Sponsor Manager believes makes the continued operation of such FuturesAccess this Fund impracticable or uneconomical. (c) Units mandatorily redeemed shall be redeemed as of the specified month-end without any further action The Xxxxxxx Xxxxx FuturesAccessSM Funds XX Xxxxxx FuturesAccess LLC Limited Liability Company Operating Agreement on the part of the affected Investor, and the provisions of Sections 3.02 and 3.07 shall apply. In the event that the Sponsor Manager mandatorily redeems any of an Investor’s 's Units, such Investor shall have the option to redeem all of such Investor’s 's Units as of the date fixed for redemption. Payment of mandatory redemption proceeds shall be made.

Mandatory Redemptions. (a) The Sponsor Manager may mandatorily redeem part or all of the Units held by a particular Investor if the Sponsor Manager determines that (i) such Investor’s 's continued holding of Units could result in adverse consequences to this FuturesAccess Fund, (ii) such Investor has a history of excessive exchanges between different FuturesAccess Funds and/or HedgeAccess Funds that is contrary to the purpose and/or efficient management of the Programs, (iii) such Investor’s 's investment in the Units, or aggregate investment in FuturesAccessthe FuturesAccess Program, is below the minimum level established by the Sponsor Manager (including any increase in such minimum level that the Sponsor Manager may implement in the future), or (iv) for any other reason. (b) The Sponsor Manager will mandatorily redeem all of a FuturesAccess Fund’s 's outstanding Units in the event that the Sponsor Manager concludes that it is no longer advisable to place client capital with the Trading Advisor or if the amount of assets invested in this FuturesAccess Fund declines to a level that the Sponsor Manager believes makes the continued operation of such FuturesAccess this Fund impracticable or uneconomical. (c) Units mandatorily redeemed shall be redeemed as of the specified month-end without any further action The Xxxxxxx Xxxxx FuturesAccessSM Funds ML Aspect FuturesAccess LLC Limited Liability Company Operating Agreement on the part of the affected Investor, and the provisions of Sections 3.02 and 3.07 shall apply. In the event that the Sponsor Manager mandatorily redeems any of an Investor’s 's Units, such Investor shall have the option to redeem all of such Investor’s 's Units as of the date fixed for redemption. Payment of mandatory redemption proceeds shall be made.

Mandatory Redemptions. (a) The Sponsor may mandatorily redeem part or all of the Units held by a particular Investor if the Sponsor determines that (i) such Investor’s 's continued holding of Units could result in adverse consequences to this FuturesAccess FundSystematic Momentum FuturesAccess, (ii) such Investor has a history of excessive exchanges between different FuturesAccess Funds and/or HedgeAccess Funds funds that is contrary to the purpose and/or efficient management of the Programs, (iii) such Investor’s 's investment in the Units, or aggregate investment in ML Systematic Momentum FuturesAccess LLC Limited Liability Company Operating Agreement Dated as of March 8, 2007 FuturesAccess, is below the minimum level established by the Sponsor (including any increase in such minimum level that the Sponsor may implement in the future), ) or (iv) for any other reason. (b) The Sponsor will mandatorily redeem all of a FuturesAccess Fund’s Systematic Momentum FuturesAccess' outstanding Units in the event that the Sponsor concludes that it is no longer advisable to place client capital with the Trading Advisor operate Systematic Momentum FuturesAccess or if the amount of assets invested in this Systematic Momentum FuturesAccess Fund declines to a level that the Sponsor believes makes the continued operation of such Systematic Momentum FuturesAccess Fund impracticable or uneconomical. (c) Units mandatorily redeemed shall be redeemed as of the specified month-end without any further action The Xxxxxxx Xxxxx FuturesAccessSM Funds on the part of the affected Investor, and the provisions of Sections 3.02 and 3.07 shall apply. In the event that the Sponsor mandatorily redeems any of an Investor’s 's Units, such Investor shall have the option to redeem all of such Investor’s 's Units as of the date fixed for redemption.

Mandatory Redemptions. (a) The Sponsor Manager may mandatorily redeem part or all of the Units held by a particular Investor if the Sponsor Manager determines that (i) such Investor’s continued holding of Units could result in adverse consequences to this FuturesAccess Fund, (ii) such Investor has a history of excessive exchanges between different FuturesAccess Funds and/or HedgeAccess Funds that is contrary to the purpose and/or efficient management of the ProgramsProgram, (iii) such Investor’s investment in the Units, or aggregate investment in FuturesAccess, is below the minimum level established by the Sponsor Manager (including any increase in such minimum level that the Sponsor Manager may implement in the future), or (iv) for any other reason. (b) The Sponsor will Manager may mandatorily redeem all of a FuturesAccess Fund’s outstanding Units in the event that the Sponsor Manager concludes that it is no longer advisable to place client capital with the Trading Advisor trading advisor or if the amount of assets invested in this FuturesAccess Fund declines to a level that the Sponsor Manager believes makes the continued operation of such FuturesAccess this Fund impracticable or uneconomical. (c) Units mandatorily redeemed shall be redeemed as of the specified month-end without any further action The Xxxxxxx Xxxxx FuturesAccessSM Funds on the part of the affected Investor, and the provisions of Sections 3.02 and 3.07 shall apply. In the event that the Sponsor Manager mandatorily redeems any of an Investor’s Units, such Investor shall have the option to redeem all of such Investor’s Units as of the date fixed for redemption. Payment of mandatory redemption proceeds shall be made.

Mandatory Redemptions. (a) The Sponsor Manager may mandatorily redeem part or all of the Units held by a particular Investor if the Sponsor Manager determines that (i) such Investor’s 's continued holding of Units could result in adverse consequences to this FuturesAccess Fund, (ii) such Investor has a history of excessive exchanges between different FuturesAccess Funds and/or HedgeAccess Funds that is contrary to the purpose and/or efficient management of the Programs, (iii) such Investor’s 's investment in the Units, or aggregate investment in FuturesAccessthe FuturesAccess Program, is below the minimum level established by the Sponsor Manager (including any increase in such minimum level that the Sponsor Manager may implement in the future), or (iv) for any other reason. (b) The Sponsor Manager will mandatorily redeem all of a FuturesAccess Fund’s 's outstanding Units in the event that the Sponsor Manager concludes that it is no longer advisable to place client capital with the Trading Advisor or if the amount of assets invested in this FuturesAccess Fund declines to a level that the Sponsor Manager believes makes the continued operation of such FuturesAccess this Fund impracticable or uneconomical. (c) Units mandatorily redeemed shall be redeemed as of the specified month-end without any further action The Xxxxxxx Xxxxx FuturesAccessSM Funds ML Appleton FuturesAccess LLC Limited Liability Company Operating Xxxxxxxxx on the part of the affected Investor, and the provisions of Sections 3.02 and 3.07 shall apply. In the event that the Sponsor Manager mandatorily redeems any of an Investor’s 's Units, such Investor shall have the option to redeem all of such Investor’s 's Units as of the date fixed for redemption. Payment of mandatory redemption proceeds shall be made.

Mandatory Redemptions. (a) The Sponsor Manager may mandatorily redeem part or all of the Units held by a particular Investor if the Sponsor Manager determines that (i) such Investor’s 's continued holding of Units could result in adverse consequences to this FuturesAccess Fund, (ii) such Investor has a history of excessive exchanges between different FuturesAccess Funds and/or HedgeAccess Funds that is contrary to the purpose and/or efficient management of the Programs, (iii) such Investor’s 's investment in the Units, or aggregate investment in FuturesAccessthe FuturesAccess Program, is below the minimum level established by the Sponsor Manager (including any increase in such minimum level that the Sponsor Manager may implement in the future), or (iv) for any other reason. (b) The Sponsor Manager will mandatorily redeem all of a FuturesAccess Fund’s 's outstanding Units in the event that the Sponsor Manager concludes that it is no longer advisable to place client capital with the Trading Advisor or if the amount of assets invested in this FuturesAccess Fund declines to a level that the Sponsor Manager believes makes the continued operation of such FuturesAccess this Fund impracticable or uneconomical. (c) Units mandatorily redeemed shall be redeemed as of the specified month-end without any further action The Xxxxxxx Xxxxx FuturesAccessSM Funds ML Cornerstone FuturesAccess LLC Limited Liability Company Operating Agreement on the part of the affected Investor, and the provisions of Sections 3.02 and 3.07 shall apply. In the event that the Sponsor Manager mandatorily redeems any of an Investor’s 's Units, such Investor shall have the option to redeem all of such Investor’s 's Units as of the date fixed for redemption. Payment of mandatory redemption proceeds shall be made.