Minimum Retention Requirements Sample Clauses
The Minimum Retention Requirements clause sets a baseline for how long certain records, documents, or data must be kept by a party. Typically, this clause specifies the types of materials subject to retention, the minimum duration for which they must be preserved, and any conditions under which early destruction is permitted, such as compliance with legal or regulatory obligations. Its core function is to ensure that essential information remains available for reference, audits, or legal proceedings, thereby reducing the risk of non-compliance or loss of critical records.
Minimum Retention Requirements. Notwithstanding any provisions of the Limited Partnership Agreement or this Agreement to the contrary, prior to January 1, 2023, the Limited Partner and his Related Trusts shall not be permitted to Transfer any Class A Shares delivered in respect of the ▇▇▇▇ ▇▇▇▇ on a net share settled basis (Class A Shares delivered after giving effect to such net settlement, “Net Settled 2013 Shares”) unless, following any such Transfer, the Limited Partner and his Related Trusts would continue to hold at least 70% of the aggregate of (a) Net Settled 2013 Shares that have settled on or before the date of such Transfer and (b) the Retained 2013 Units (in each case, without regard to dispositions, other than dispositions pursuant to Sections 8.5 or 8.6 of the Limited Partnership Agreement (as amended by Sections 9(a) and 9(b) below)).
Minimum Retention Requirements. Notwithstanding any provisions of the Limited Partnership Agreement, any Existing Partner Agreement or this Agreement to the contrary, prior to January 1, 2023, neither you nor your Related Trusts shall be permitted to Transfer any Retention Units unless, following the date of such Transfer, you and your Related Trusts continue to hold in the aggregate at least 70% of the Retention Units that have conditionally vested on or before the date of such Transfer (without regard to dispositions, other than dispositions pursuant to Sections 8.5 or 8.6 of the Limited Partnership Agreement (as amended by Sections 3(c) and 3(d) above)).