Common use of Notification Required and Effective Date Clause in Contracts

Notification Required and Effective Date. The Fund shall not recognize for any purpose any purported sale, assignment, or transfer of all or any fraction of the Units of a Member unless the provisions of Section 9.1 shall have been complied with and there shall have been filed with the Fund a dated notification of such sale, assignment, or transfer, in form satisfactory to the Directors, executed and acknowledged by both the seller, assignor, or transferor and the purchaser, assignee, or transferee and such notification (i) contains the acceptance by the purchaser, assignee, or transferee of all of the terms and provisions of this Agreement and (ii) represents that such sale, assignment, or transfer was made in accordance with all applicable laws and regulations. Any sale, assignment, or transfer shall be recognized by the Fund effective on the first day of the fiscal quarter following the fiscal quarter in which such notification is filed with the Fund. If a Unit is sold, assigned, or transferred more than once during a fiscal quarter, the last purchaser, assignee, or transferee with respect to whom notification is received shall be recognized by the Fund.

Notification Required and Effective Date. The Fund shall not recognize for any purpose any purported sale, assignment, or transfer of all or any fraction of the Units of a Member other than a Director unless the provisions of Section 9.1 shall have been complied with and there shall have been filed with the Fund a dated notification of such sale, assignment, or transfer, in form satisfactory to the Directors, executed and acknowledged by both the seller, assignor, or transferor and the purchaser, assignee, or transferee and such notification (i) contains the acceptance by the purchaser, assignee, or transferee of all of the terms and provisions of this Agreement and (ii) represents that such sale, assignment, or transfer was made in accordance with all applicable laws and regulations. Any sale, assignment, or transfer shall be recognized by the Fund effective on the first day of the fiscal quarter following the fiscal quarter in which such notification is filed with the Fund. If a Unit is sold, assigned, or transferred more than once during a fiscal quarter, the last purchaser, assignee, or transferee with respect to whom notification is received shall be recognized by the Fund.

Notification Required and Effective Date. The Fund shall not recognize for any purpose any purported sale, assignment, or transfer of all or any fraction of the Units Fund Interest of an Investor other than a Member Director unless the provisions of Section 9.1 13.01 shall have been complied with and there shall have been filed with the Fund a dated notification of such sale, assignment, or transfer, in form satisfactory to the Directors, executed and acknowledged by both the seller, assignor, or transferor and the purchaser, assignee, or transferee and such notification (i) contains the acceptance by the purchaser, assignee, or transferee of all of the terms and provisions of this Agreement and (ii) represents that such sale, assignment, or transfer was made in accordance with all applicable laws and regulations. Any sale, assignment, or transfer shall be recognized by the Fund as effective on the first day of the fiscal quarter following the fiscal quarter in which such notification is filed with the Fund. If a Unit Fund Interest is sold, assigned, or transferred more than once during a fiscal quarter, the last purchaser, assignee, or transferee with respect to whom notification is received shall be recognized by the Fund.

Notification Required and Effective Date. The Fund shall not recognize for any purpose any purported sale, assignment, or transfer of all or any fraction of the Units Shares of an Investor other than a Member Director unless the provisions of Section 9.1 12.01 shall have been complied with and there shall have been filed with the Fund a dated notification of such sale, assignment, or transfer, in form satisfactory to the Directors, executed and acknowledged by both the seller, assignor, or transferor and the purchaser, assignee, or transferee and such notification (i) contains the acceptance by the purchaser, assignee, or transferee of all of the terms and provisions of this Agreement and (ii) represents that such sale, assignment, or transfer was made in accordance with all applicable laws and regulations. Any sale, assignment, or transfer shall be recognized by the Fund as effective on the first day of the fiscal quarter following the fiscal quarter in which such notification is filed with the Fund. If a Unit is Shares are sold, assigned, or transferred more than once during a fiscal quarter, the last purchaser, assignee, or transferee with respect to whom notification is received shall be recognized by the Fund.