Redemption Restrictions. The Managing Member may impose additional limitations and restrictions on Redemptions (including limiting Redemptions or creating priority procedures for Redemptions), to the extent it determines, in Good Faith, such limitations and restrictions to be necessary or appropriate to avoid undue risk that the Company may be classified as a “publicly traded partnership” within the meaning of Section 7704 of the Code.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Golden Nugget Online Gaming, Inc.), Purchase Agreement (Landcadia Holdings II, Inc.), Limited Liability Company Agreement (Atlas Technical Consultants, Inc.)
