Common use of Redemption Procedure Clause in Contracts

Redemption Procedure. Units may be redeemed on a Redemption Day. Requests for redemption must be received by the Depositary on or before the Redemption Deadline. Redemption requests received after the Redemption Deadline will be processed on the next following Redemption Day. Under normal circumstances, payment for redeemed Units will be made within the Redemption Payment Day as set out in Annex A for each Sub-Fund. The Management Company may under particular circumstances, e.g. in connection with a restructuring involving another Sub-Fund of the UCITS or other funds or sub-funds managed by the Management Company or a company part of the same group as the Management Company, shorten Redemption Deadlines in relation to a specific Redemption Day and Sub-Fund, provided always that the interest of the non-redeeming Unitholders shall not be adversely affected thereby. A Unitholder may not withdraw a redemption request once it has been submitted and received by the Depositary, unless the Management Company, acting in the best interests of the Unitholders, determines to permit the withdrawal of such request in whole or in part. A Unitholder will have no rights with respect to Units redeemed (whether voluntarily or compulsorily) on and from the relevant Redemption Day, except the right to receive the redemption proceeds with respect to such Units and any dividend or distribution that has been declared prior to such Redemption Day but has not yet been paid. In particular, the Unitholder ceases his or her participation in the Units performance on and from the relevant Redemption Day. Each payment and/or distribution of redemption proceeds (whether made in connection with a redemption request or a distribution to a Unitholder) shall be subject to the limitations on payments and/or distributions imposed by (a) laws, regulations or other restrictions established by applicable regulatory agencies or self- regulatory association, (b) any investment vehicle from which a Sub-Fund might directly seek to withdraw funds, or (c) any agreements entered into by, or binding upon, the Management Company or its delegates acting on behalf of the Sub-Fund. The Management Company shall determine the applicability of any such limitations on payments and/or distributions and the applicable amount to be withheld from any payment and/or distribution. In particular, the Management Company or the Depositary may refuse to make a redemption payment to a Unitholder if the Management Company or the Depositary suspects or is advised that the payment of any redemption proceeds to such Unitholder may result in a breach or violation of any anti-money laundering law by any person in any relevant jurisdiction, or if such refusal is necessary to ensure the compliance by the Depositary, the Management Company, the Management Company delegates or service providers with any anti-money laundering law in any relevant jurisdiction.

Redemption Procedure. Units may If any Optional Redemption Notice has been given in respect of the Notes in accordance with Section 10.01, the Notes shall become due and payable on the Optional Redemption Date at the place or places stated in the Optional Redemption Notice at the Optional Redemption Amount. On presentation and surrender of the Notes at the place or places stated in the Optional Redemption Notice, the Notes shall be paid and redeemed by the Company at the Optional Redemption Amount. Prior to the open of business on the Optional Redemption Date, the Company shall deposit with the Trustee (or other Paying Agent appointed by the Company) or, if the Company or a subsidiary of the Company is acting as the Paying Agent, shall segregate and hold in trust as provided in Section 5.03(b), an amount of cash (in immediately available funds if deposited on the Optional Redemption Date) sufficient to pay the Optional Redemption Amount of all the Notes to be redeemed on a such Redemption DayDate. Requests for redemption must be received Subject to receipt of funds by the Depositary on or before the Redemption Deadline. Redemption requests received after the Redemption Deadline will be processed on the next following Redemption Day. Under normal circumstancesPaying Agent, payment for the Notes to be redeemed Units will shall be made within on the Optional Redemption Date for such Notes. The Trustee (or other Paying Agent appointed by the Company) shall, promptly after such payment and upon written demand of the Company, return to the Company any funds in excess of the Redemption Payment Day as set out in Annex A for each Sub-FundPrice. The Management Company may under particular circumstances, e.g. in connection with a restructuring involving another Sub-Fund If any portion of the UCITS or other funds or sub-funds managed by the Management Company or a company part of the same group as the Management Company, shorten payment pursuant to an Optional Redemption Deadlines in relation to a specific Redemption Day and Sub-Fund, provided always that the interest of the non-redeeming Unitholders shall not be adversely affected thereby. A Unitholder may not withdraw a redemption request once it has been submitted and received paid by the DepositaryCompany in cash by the applicable due date, unless interest shall accrue thereon at an interest rate equal to the Management lesser of 18% per annum or the maximum rate permitted by applicable law until such amount is paid in full. Notwithstanding anything to the contrary in this Section 10, the Company, acting ’s determination to make an Optional Redemption under Section 10.01 shall be applied by lot among the Holders (and in the best interests case of any Global Notes, redeemed in accordance with the Depositary’s applicable procedures). The Holders may elect to convert the outstanding principal amount of the UnitholdersNotes pursuant to Section 4 prior to, determines to permit in case of Global Notes, the withdrawal Close of such request in whole or in part. A Unitholder will have no rights Business on the Trading Day immediately preceding the Optional Redemption Date , and, with respect to Units redeemed (whether voluntarily or compulsorily) on and from the relevant Redemption DayPhysical Notes, except the right to receive the redemption proceeds with respect to such Units and that Holders may surrender their Notes for conversion at any dividend or distribution that has been declared time prior to such the Close of Business on the third Trading Date immediately preceding the Optional Redemption Day but has not yet been paid. In particular, Date for any redemption under this Section 10 by the Unitholder ceases his or her participation in the Units performance on and from the relevant Redemption Day. Each payment and/or distribution delivery of redemption proceeds (whether made in connection with a redemption request or a distribution to a Unitholder) shall be subject Conversion Notice to the limitations on payments and/or distributions imposed by (a) laws, regulations or other restrictions established by applicable regulatory agencies or self- regulatory association, (b) any investment vehicle from which a Sub-Fund might directly seek to withdraw funds, or (c) any agreements entered into by, or binding upon, the Management Company or its delegates acting on behalf of the Sub-Fund. The Management Company shall determine the applicability of any such limitations on payments and/or distributions and the applicable amount to be withheld from any payment and/or distribution. In particular, the Management Company or the Depositary may refuse to make a redemption payment to a Unitholder if the Management Company or the Depositary suspects or is advised that the payment of any redemption proceeds to such Unitholder may result in a breach or violation of any anti-money laundering law by any person in any relevant jurisdiction, or if such refusal is necessary to ensure the compliance by the Depositary, the Management Company, the Management Company delegates or service providers with any anti-money laundering law in any relevant jurisdictionConversion Agent.

Redemption Procedure. Units may be redeemed on Any redemption of Shares provided for in this Section shall take place-- (i) within thirty (30) days following termination for Cause or a Redemption Day. Requests for redemption must be received termination as a result of the failure of the Nevada Gaming Authorities to grant the Participant a casino key employee and equity holder license; (ii) in the case of a termination by reason of the Participant's death or Disability, upon such date set out by the Depositary on Participant, or before his estate, as the Redemption Deadline. Redemption requests received after case may be, in a written notice to the Redemption Deadline will Company specifying all or any portion of the Shares to be processed on redeemed, given at least thirty (30) days in advance of the next applicable redemption date; or (iii) within thirty (30) days following Redemption Day. Under normal circumstances, payment for redeemed Units will be made within written notice to the Redemption Payment Day as set out Company of the intent to redeem all or any portion of the Shares in Annex A for each Sub-Fundthe case of any other termination of the Participant's employment with the Company or if Participant is currently employed with the Company. The Management Participant (or his personal representative), upon redemption of all or any portion of his Shares shall surrender to the Company may under particular circumstancesthe certificates for his Shares and only such portion as has been surrendered shall thereupon be canceled; provided, e.g. however, that if the Participant is redeeming Shares in connection accordance with a restructuring involving another Sub-Fund clause (i) above, then upon such redemption the Participant shall surrender to the Company all certificates for Shares and whether so surrendered or not, such Shares shall thereupon be canceled. The Company shall then, upon receipt of the UCITS or other funds or sub-funds managed by the Management Company or a company part Shares and determination of the same group as Fair Market Value, deliver to the Management CompanyParticipant (or his personal representative) a promissory note for the sum payable in accordance with the terms of Section 5(a)(ii) above. Such note shall be, shorten Redemption Deadlines in relation to a specific Redemption Day and Sub-Fundall respects, provided always that the interest of the non-redeeming Unitholders shall not be adversely affected thereby. A Unitholder may not withdraw a redemption request once it has been submitted and received by the Depositary, unless the Management Company, acting in the best interests of the Unitholders, determines to permit the withdrawal of such request in whole or in part. A Unitholder will have no rights with respect to Units redeemed (whether voluntarily or compulsorily) on and from the relevant Redemption Day, except the right to receive the redemption proceeds with respect to such Units and any dividend or distribution that has been declared prior to such Redemption Day but has not yet been paid. In particular, the Unitholder ceases his or her participation in the Units performance on and from the relevant Redemption Day. Each payment and/or distribution of redemption proceeds (whether made in connection with a redemption request or a distribution to a Unitholder) shall be subject to the limitations on payments and/or distributions and restrictions, if any, imposed by any note, credit facility, indenture, mortgage, line of credit or similar contractual arrangement with an institutional or similar lender by which the Company may become bound (a) laws"Lender Restrictions"), regulations whether in the form of financial covenants or other restrictions established by applicable regulatory agencies otherwise and whether arising prior to or self- regulatory association, (b) any investment vehicle from which a Sub-Fund might directly seek to withdraw funds, or (c) any agreements entered into by, or binding upon, the Management Company or its delegates acting on behalf after execution and delivery of the Sub-Fundnote. The Management No failure of the Company to pay sums due on the note on account of the Lender Restrictions shall determine the applicability of any such limitations on payments and/or distributions and the applicable amount to be withheld from any payment and/or distribution. In particular, the Management Company or the Depositary may refuse to make a redemption payment to a Unitholder if the Management Company or the Depositary suspects or is advised that the payment of any redemption proceeds to such Unitholder may result in a breach or violation of any anti-money laundering law by any person in any relevant jurisdiction, or if default and all such refusal is necessary payments to ensure the compliance extent (and only to the extent) prohibited by the DepositaryLender Restrictions, shall be deferred and accrue until such time as they may be paid without violating the Management Company, the Management Company delegates or service providers with any anti-money laundering law in any relevant jurisdictionLender Restrictions.

Redemption Procedure. Units may be redeemed on a Redemption Day. Requests for redemption must be received by the Depositary on or before the Redemption Deadline. Redemption requests received after the Redemption Deadline will be processed on the next following Redemption Day. Under normal circumstances, payment for redeemed Units will be made within the Redemption Payment Day as set out in Annex A for each Sub-Sub- Fund. The Management Company may under particular circumstances, e.g. in connection with a restructuring involving another Sub-Fund of the UCITS or other funds or sub-funds managed by the Management Company or a company part of the same group as the Management Company, shorten Redemption Deadlines in relation to a specific Redemption Day and Sub-Fund, provided always that the interest of the non-redeeming Unitholders shall not be adversely affected thereby. A Unitholder may not withdraw a redemption request once it has been submitted and received by the Depositary, unless the Management Company, acting in the best interests of the Unitholders, determines to permit the withdrawal of such request in whole or in part. A Unitholder will have no rights with respect to Units redeemed (whether voluntarily or compulsorily) on and from the relevant Redemption Day, except the right to receive the redemption proceeds with respect to such Units and any dividend or distribution that has been declared prior to such Redemption Day but has not yet been paid. In particular, the Unitholder ceases his or her participation in the Units performance on and from the relevant Redemption Day. Each payment and/or distribution of redemption proceeds (whether made in connection with a redemption request or a distribution to a Unitholder) shall be subject to the limitations on payments and/or distributions imposed by (a) laws, regulations or other restrictions established by applicable regulatory agencies or self- self-regulatory association, (b) any investment vehicle from which a Sub-Fund might directly seek to withdraw funds, or (c) any agreements entered into by, or binding upon, the Management Company or its delegates acting on behalf of the Sub-Fund. The Management Company shall determine the applicability of any such limitations on payments and/or distributions and the applicable amount to be withheld from any payment and/or distribution. In particular, the Management Company or the Depositary may refuse to make a redemption payment to a Unitholder if the Management Company or the Depositary suspects or is advised that the payment of any redemption proceeds to such Unitholder may result in a breach or violation of any anti-money laundering law by any person in any relevant jurisdiction, or if such refusal is necessary to ensure the compliance by the Depositary, the Management Company, the Management Company delegates or service providers with any anti-money laundering law in any relevant jurisdiction.