Common use of Permitted Withdrawal and Redemption Requests Clause in Contracts

Permitted Withdrawal and Redemption Requests. After the Three Year Term, a Class A Member may request that the Company redeem a maximum of One Hundred (100) Units from said Member per Fiscal Year. In the event a Member desires redemption and qualifies for the same, said Member (“Redeeming Member”) shall submit a written request (“Redemption Request”) to Withdraw and for the Company to redeem said Member’s Units up to maximum of One Hundred (100) Units per Fiscal Year. The Redemption Request shall specify the number of Units (“Request Units”) to be redeemed, provided, however, that for the avoidance of doubt, a Member may only request the redemption of Units that have been issued and outstanding for longer than the Three (3)

Permitted Withdrawal and Redemption Requests. After the Three Year Term, a Class A Member may request that the Company redeem a maximum of One Hundred Ten (10010) Units from said Member per Fiscal Year. In the event a Member desires redemption and qualifies for the same, said Member (“Redeeming Member”) shall submit a written request (“Redemption Request”) to Withdraw and for the Company to redeem said Member’s Units up to maximum of One Hundred ten (10010) Units per Fiscal Year. The Redemption Request shall specify the number of Units (“Request Units”) to be redeemed, provided, however, that for the avoidance of doubt, a Member may only request the redemption of Units that have been issued and outstanding for longer than the Three (3)