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 all or part of such Investor’s Units effective as of the last calendar day of each month (a “Redemption Date”), upon providing oral or written notice 38 days prior to the first of every month; provided that the Class Z Units may be redeemed at any time on no notice.

Appears in 3 contracts

Samples: Limited Liability Company Operating Agreement (Highbridge Commodities FuturesAccess LLC), Limited Liability Company Operating Agreement (Highbridge Commodities FuturesAccess LLC), Limited Liability Company Operating Agreement (Highbridge Commodities 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 effective as of the last calendar day of each month (a “Redemption Date”)'s Units, upon providing oral or written notice 38 days prior to the first of every month; provided that the Class Z Units may be redeemed giving at any time on no notice.least 10 days'

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Aspect FuturesAccess LLC)

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