Mandatory Withdrawals. The General Partner may, in its discretion, cause a partial or a complete withdrawal from a Limited Partner’s Capital Account by giving forty-eight (48) hours’ Notice to the Limited Partner, if the General Partner determines or has reason to believe that: (i) such Limited Partner has transferred or attempted to transfer any portion of its Interest in violation of the provisions of Article 11; (ii) such Limited Partner’s continued ownership of its Interest may cause the Fund to be in violation of, or require registration of any Interest under, or subject the Fund or the General Partner to additional regulation under the securities laws of the United States or any other relevant jurisdiction or the rules of any self-regulatory organization; (iii) such Limited Partner’s continued ownership of its Interest may be harmful or injurious to the business or reputation of the Fund or the General Partner, may result in the imposition of significant administrative or other burdens on the Fund or the General Partner, or may subject the Fund or any Partner to the risk of adverse tax or other fiscal consequences (including adverse consequences under ERISA); (iv) any of the representations and warranties made by such Limited Partner in connection with the acquisition of its Interest were not true when made or have ceased to be true; or (v) it is otherwise in the best interests of the Fund, as determined in the sole discretion of the General Partner, to cause such a withdrawal. In particular, if a Limited Partner is or becomes a corporation, partnership, limited liability company, trust, or other entity whose beneficial ownership of its Interest may be deemed to be beneficial ownership by the holders of outstanding securities of such Partner (a “Multiple-Owner Limited Partner”) under paragraph (1)(A) of Section 3(c) of the Investment Company Act of 1940, as amended (the “ICA”) at any time the Fund is relying on paragraph (1) of Section 3(c) of the ICA for exclusion from the definition of “investment company,” the General Partner may, in its sole discretion, cause a partial withdrawal of such Multiple-Owner Limited Partner’s Capital Account to the extent necessary to cause such Multiple-Owner Limited Partner’s beneficial ownership of its Interest to be beneficial ownership by one person, within the meaning of such paragraph, or may cause the complete withdrawal of such Multiple-Owner Limited Partner from the Fund. Similarly, if a Limited Partner becomes an “employee benefit...
Mandatory Withdrawals. The Board may, in its discretion, require any Member to withdraw its capital account at any time and without prior notice.
Mandatory Withdrawals. The Manager may, in its sole and absolute discretion, require a Member to withdraw from the Company.
Mandatory Withdrawals. Any State Association may be required to withdraw from the Company by written notice approved by Managers representing at least seventy-five percent (75%) of the Interests, if such State Association has breached any covenant contained in this Agreement, violates any provisions of the Company’s compliance manual or any applicable law, rule or regulation, no longer endorses the Programs, or if the Board of Managers otherwise determines that such Member’s withdrawal is in the best interest of the Company.
Mandatory Withdrawals. 7 Section 4.2 Nepal Operations and Maintenance Sub-Account Withdrawals 8 Section 4.3 Nepal Dollar Sub-Account 8 Section 4.4 No other Rights of Withdrawal 8
Mandatory Withdrawals. Upon receipt of notice from the Trustee of the occurrence of a Special Buyout Event, the Agent shall not pay to the Company or any other Person other than the Lenders any amounts held by the Agent pursuant to this Agreement; provided, however, that the Agent shall continue to make withdrawals from the Nepal Operations and Maintenance Sub- Account in accordance with Section 4.2 hereof and from the Nepal Dollar Sub-Account in accordance with Section 4.3 hereof.
Mandatory Withdrawals. The General Partner, in its sole discretion, may require any Limited Partner to withdraw all or any part of its Capital Account from the Partnership at any time on not less than 20 days' notice, such withdrawal to be effective on the date specified in such notice. If the General Partner, in its sole discretion, deems it to be in the best interests of the Partnership to do so because the continued participation of any Limited Partner in the Partnership might cause the Partnership to violate any law, rule or regulation or expose the Partnership to litigation, arbitration, administrative proceedings or any similar action or proceeding, the General Partner may require such Limited Partner to withdraw all or any part of its Capital Account from the Partnership, at any time on not less than 5 days' notice, such withdrawal to be effective on the date specified in such notice. A Limited Partner who is required to withdraw all of its Capital Account pursuant to this Section 8.04 shall (i) be entitled to receive the value of its Liquidating Share (as defined in Section 10.01) and (ii) shall be deemed to have retired from the Partnership (and shall cease thereafter to be a Partner as of the effective date of the complete withdrawal).
Mandatory Withdrawals. The General Partner, in its sole discretion, may require any Limited Partner to withdraw all or any part of its Capital Account from the Partnership at any time on not less than 20 days' notice, such withdrawal to be effective on the date specified in such notice. If the General Partner, in its sole discretion, deems it to be in the best interests of the Partnership to do so because the continued participation of any Limited Partner in the Partnership might cause the Partnership to violate any law, rule or regulation or expose the Partnership to litigation, arbitration, administrative proceedings or any similar action or proceeding, the General Partner may require such Limited Partner to withdraw all or any part of its Capital Account from the Partnership, at any time on not less than 5 days' notice, such withdrawal to be effective on the date specified in such notice. A Limited Partner who is required to withdraw all of its Capital Account pursuant to this Section 8.04 shall (i) be entitled to receive the value of its Liquidating Share (as defined in Section 10.01) and (ii) shall be deemed to have retired from the Partnership (and shall cease thereafter to be a Partner as of the effective date of the complete withdrawal). S ection 8.05 Distributions in Cash or in Kind All distributions to a Partner by reason of the Partner's partial or complete withdrawal or retirement from the Partnership shall be made in cash or, in the sole discretion of the General Partner, in securities selected by the General Partner or partly in cash and partly in securities selected by the General Partner. S ection 8.06 Suspension of Withdrawals The General Partner may suspend the right of Limited Partners to make withdrawals during any period when:
Mandatory Withdrawals. The Fund Manager, in its sole discretion, may require any Member to withdraw all or any part of its Capital Account from the Series of the Fund at any time on not less than 10 days’ notice, such withdrawal to be effective on the date specified in such notice. If the Fund Manager, in its sole discretion, deems it to be in the best interests of the Series of the Fund to do so because the continued participation of any Member in the Series of the Fund might cause the Series of the Fund to violate any law, rule or regulation or expose the Series of the Company to the risk of litigation, arbitration, administrative proceedings or any similar action or proceeding, the Fund Manager may require such Member to withdraw any part of its Capital Account from the Series of the Company at any time on not less than 10 days’ notice, such withdrawal to be effective on the date specified in such notice. A Member who is so required to Retire pursuant to this Section will be entitled to receive the value of its Liquidating Share computed as of the date on which such Member’s Retirement will become effective. The Fund Manager, in its sole discretion, may require the withdrawal of the estate or legal representative of any deceased, bankrupt or legally incapacitated Member as of the end of the fiscal year during which such Member died or became bankrupt or legally incapacitated, without prior notice.
