REPURCHASE INSTRUMENT Clause Samples
A Repurchase Instrument clause defines the terms under which one party agrees to sell an asset to another party with a commitment to repurchase it at a later date, typically at a predetermined price. In practice, this clause outlines the specific assets involved, the repurchase price, and the timeframe for the repurchase, often used in financial transactions such as repurchase agreements (repos) involving securities. Its core function is to provide a mechanism for short-term financing or liquidity, while ensuring both parties have clear expectations regarding the transfer and return of the asset.
REPURCHASE INSTRUMENT. BlackRock Alternatives Allocation Portfolio LLC (“Payor” or “Company”), a Delaware limited liability company hereby promises to pay to the applicable Member (“Payee”) the Payment Amount (as defined in Section 2) as discussed below. This Repurchase Instrument is being issued so that the Payor may repurchase the Company's Units (the “Repurchased Units”) from Payee pursuant to the terms and subject to the conditions set out in the applicable Offer to Repurchase and the Notice of Intent to Tender submitted by the Payee (which Offer to Repurchase and Notice of Intent to Tender, together with any amendments or supplements thereto collectively constitute the “Offer”). This Repurchase Instrument is (i) not negotiable, (ii) not interest-bearing and (iii) not assignable.
REPURCHASE INSTRUMENT. BlackRock Multi-Sector Opportunities Trust Series I (“Payor” or “Trust”), a Delaware statutory trust hereby promises to pay to the applicable Shareholder (“Payee”) the Payment Amount (as defined in Section 2) as discussed below. This Repurchase Instrument is being issued so that the Payor may repurchase the Trust’s Shares (the “Repurchased Shares”) from Payee pursuant to the terms and subject to the conditions set out in the applicable Offer to Repurchase and the Notice of Intent to Tender submitted by the Payee (which Offer to Repurchase and Notice of Intent to Tender, together with any amendments or supplements thereto collectively constitute the “Offer”). This Repurchase Instrument is (i) not negotiable, (ii) not interest-bearing and (iii) not assignable.