Redemption of Units. (a) The Trustee may redeem or repurchase any Units: (i) by giving notice to the Unit Holder that the Units are to be redeemed or repurchased on a date specified in the notice; or (ii) at the request of the Unit Holder, on a date determined by the Trustee. (b) While the Unit Holders Deed is in force, the Trustee must not redeem or repurchase any Units except in accordance with the Unit Holders Deed. (c) The Trustee may deduct from the proceeds of redemption or repurchase any money due and payable to the Trustee by the Unit Holder. (d) The Trustee is not obliged to pay any part of any Redemption Price out of the Trustee’s own funds, and may decide to purchase or arrange for the purchase of Units the subject of a redemption offer or request.
Appears in 4 contracts
Samples: Reference User Funding Agreement (Rufa), Trust Deed, Trust Deed
