Examples of Class I Redemption in a sentence
Upon a Class I Redemption by the Partnership, the Class I Limited Partner shall have no further right to receive any Partnership distributions in respect of the Class I Units so redeemed.
Hybrid stochastic simplifications for multiscale gene networks, BMC Systems Biology (2009) 3:89.2. Michael Manhart (Rutgers University, USA) A Path-based Approach to Random Walks on Landscapes, with Applications to How Proteins Evolve New FunctionRandom walks on multidimensional landscapes are important to many areas of science and engineering.
Notwithstanding any other provision hereof, proceeds of (i) a Class C Redemption shall be distributed to the Class C Limited Partner in accordance with Section 9.1(C), (ii) a Class F Redemption shall be distributed to the Class F Limited Partner in accordance with Section 9.1(D), (iii) a Class G Redemption shall be distributed to the Class G Limited Partner in accordance with Section 9.1(E) and (iv) a Class I Redemption shall be distributed to the Class I Limited Partner in accordance with Section 9.1(F).
The Company shall only effect a Class I Redemption on the relevant Class I Redemption Date, if such Class I Redemption is permissible within the limits of the Law and to the extent the Class I Redemption Amount has not been used up with respect to the financial year.
A Class I Redemption shall be effected on the Class I Redemption Date by observing an equal treatment of all holders of Class I Common Shares that have given a Class I Redemption Notice requiring the redemption of Class I Common Shares on that date.
A Class I Redemption Notice may not be rescinded, in full or in part, by the holder of Class I Common Shares, except for reasons of financial hardship.
If it is not permissible for the Company to redeem any Class I Common Shares on the relevant Class I Redemption Date, then the Company must notify the holders of such Class I Common Shares and must proceed with the Class I Redemption at the first possible date when the redemption of the Class I Common Shares is permissible on the same terms and conditions as if the initial Class I Redemption Notice had stated such later date as the Class I Redemption Date.
This Memorandum may be executed in multiple counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument.
Subject to the right of the Manager to effect a Class I Exchange, the Company shall satisfy the Class I Redemption Price for the redemption of each Class I Common Share on the relevant Class I Redemption Date in cash or, at the Company's option, by delivering a number of Class A Common Shares equal to the Valuation Ratio.
By giving a Class I Redemption Notice, the holder of Class I Common Shares shall be deemed to have irrevocably accepted the Class I Exchange and released the Company from its obligations to redeem the Class I Common Shares if the Manager elects to effect a Class I Exchange in lieu of a Class I Redemption.