Common use of REDEMPTIONS OF UNITS; EXCHANGES Clause in Contracts

REDEMPTIONS OF UNITS; EXCHANGES. (a) Timing and Amount of Redemptions. Subject to this Section 3.02, an Investor shall be entitled to redeem as of the end of any calendar month all or part of such Investor's Units, upon giving at least 10 days' written or oral notice. Investors who have Merrill Lynch customer securities accounts may give sucx xxxxxe xx xontacting their Merrill Lynch Financial Advisor, orally or in writing; Xxxxxxxrx xxx no longer have a Merrill Lynch customer securities account must submit wxxxxxx nxxxxx of redemption, with the signature guaranteed by a United States bank or broker-dealer, to the Sponsor.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (ML Transtrend DTP Enhanced FuturesAccess LLC), Limited Liability Company Operating Agreement (ML APM Global Commodity FuturesAccess LLC)

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REDEMPTIONS OF UNITS; EXCHANGES. (a) Timing and Amount of Redemptions. Subject to this Section 3.02, an Investor shall be entitled to redeem all or part of such Investor's Units as of the end of any calendar month all or part of such Investor's Unitsmonth, upon giving at least 10 days' written or oral notice. Investors who have Merrill Lynch customer securities accounts may xxxxxxxs xxx give sucx xxxxxe xx xontacting such notice by contacting their Merrill Lynch Financial Advisor, orally or in oxxxxx xr xx writing; Xxxxxxxrx xxx Investors who no longer have a Merrill Lynch customer securities account xxxxxxtxxx xccount must submit wxxxxxx nxxxxx written notice of redemption, with the signature guaranteed by a United States bank or broker-dealer, to the Sponsor.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (ML Systematic Momentum FuturesAccess LLC)

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REDEMPTIONS OF UNITS; EXCHANGES. (a) Timing and Amount of Redemptions. Subject to this Section 3.02, an Investor shall be entitled to redeem as of the end of any calendar month all or part of such Investor's Units, upon giving at least 10 days' written or oral notice. Investors who have Merrill Lynch customer securities accounts may give sucx xxxxxe xx xontacting such nxxxxx xy xxxxacting their Merrill Lynch Financial Advisor, orally or in writing; Xxxxxxxrx xxx no Invxxxxxx wxx xx longer have a Merrill Lynch customer securities account must submit wxxxxxx nxxxxx of writxxx xxxixx xx redemption, with the signature guaranteed by a United States bank or broker-dealer, to the Sponsor.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (ML Chesapeake FuturesAccess LLC)

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