Mandatory Withdrawal. The Board may, in its sole discretion, require and cause the withdrawal of all or any number of a Member's Units (the "Redeemed Unit") at any time. Without limiting the generality of the foregoing, a Member's Units may be redeemed involuntarily and without notice to the extent necessary for the Company to comply with the provisions of applicable Law or if the Board or the Adviser determines that not redeeming a Member's Units would result in an Impermissible Event.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Oppenheimer Master Event-Linked Bond Fund, LLC), Limited Liability Company Agreement (Oppenheimer Master Loan Fund, LLC), Limited Liability Company Agreement (Oppenheimer Master International Value Fund, LLC)
Mandatory Withdrawal. The Board may, in its sole discretion, require and cause the withdrawal of all or any number of a Member's ’s Units (the "“Redeemed Unit"Unit ”) at any time. Without limiting the generality of the foregoing, a Member's ’s Units may be redeemed involuntarily and without notice to the extent necessary for the Company to comply with the provisions of applicable Law or if the Board or the Adviser determines that not redeeming a Member's Units would result in an Impermissible Event.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Oppenheimer Master Inflation Protected Securities Fund, LLC)
