Common use of WITHDRAWAL AND EXPULSION OF INVESTORS Clause in Contracts

WITHDRAWAL AND EXPULSION OF INVESTORS. (a) Except as provided below, an Investor may not withdraw from the Fund (whether voluntarily, by operation of law or otherwise) prior to the dissolution and winding up of the Fund except in connection with a transfer of its Interest and substitution of another Person as Investor, or repurchase of such Investor's Interest, pursuant to, and in compliance with, the provisions of Article 6 of this Agreement. (b) A Special Member shall be deemed to have withdrawn from the Fund immediately after it ceases to serve as Adviser or Subadviser, as the case may be, whether by reason of the expiration or termination of the relevant advisory or subadvisory agreement or otherwise. (c) An Investor may be expelled as an Investor by the Board of Directors in connection with a repurchase of such Investor's entire Interest pursuant to Section 6.3(c). (d) After the Fund commences operations, an Investor, other than a Special Member, shall be deemed to have withdrawn from the Fund at such time as such Investor's Capital Account balance is reduced to zero dollars.

WITHDRAWAL AND EXPULSION OF INVESTORS. (a) Except as provided below, an Investor may not withdraw from the Fund (whether voluntarily, by operation of law or otherwise) prior to the dissolution and winding up of the Fund except in connection with a transfer of its Interest and substitution of another Person as Investor, or repurchase of such Investor's ’s Interest, pursuant to, and in compliance with, the provisions of Article 6 of this Agreement. (b) A Special Member shall be deemed to have withdrawn from the Fund immediately after it ceases to serve as Adviser or Subadviser, as the case may be, whether by reason of the expiration or termination of the relevant advisory or subadvisory agreement or otherwise. (c) An Investor may be expelled as an Investor by the Board of Directors in connection with a repurchase of such Investor's ’s entire Interest pursuant to Section 6.3(c6.3(b). (d) After the Fund commences operations, an Investor, other than a Special Member, shall be deemed to have withdrawn from the Fund at such time as such Investor's ’s Capital Account balance is reduced to zero dollars.

WITHDRAWAL AND EXPULSION OF INVESTORS. (a) Except as provided below, an Investor may not withdraw from the Fund (whether voluntarily, by operation of law or otherwise) prior to the dissolution and winding up of the Fund except in connection with a transfer of its Interest and substitution of another Person as Investor, or repurchase of such Investor's Interest, pursuant to, and in compliance with, the provisions of Article 6 of this Agreement. (b) A Special Member shall be deemed to have withdrawn from the Fund immediately after it ceases to serve as Adviser or Subadviser, as the case may be, whether by reason of the expiration or termination of the relevant advisory or subadvisory agreement or otherwise. (c) An Investor may be expelled as an Investor by the Board of Directors in connection with a repurchase of such Investor's entire Interest pursuant to Section 6.3(c6.3(b). (d) After the Fund commences operations, an Investor, other than a Special Member, shall be deemed to have withdrawn from the Fund at such time as such Investor's Capital Account balance is reduced to zero dollars.