Maximum Redemption Amount has the meaning specified in the applicable Final Terms;
Maximum Redemption Amount means the amount (if any) specified as such in the applicable Final Terms.
Maximum Redemption Amount with respect to any Redemption Date, means 25% of the aggregate NAV, determined as of time immediately prior to such Redemption Date, of all of the Units outstanding immediately prior to such Redemption Date. If the Managing Member refuses to redeem Units as set forth above, the requests for redemption on such Initial Holdover Redemption Date by Members shall be reduced ratably, and the requested Units not so redeemed (the "Held Over Units") shall be redeemed on subsequent Redemption Dates subject to the Maximum Redemption Amount calculation for such subsequent Redemption Date and the Managing Member's rights to refuse redemptions in connection therewith, provided that Held Over Units shall be redeemed in priority to any subsequently received redemption requests. Units of a particular series will be redeemed at a per Unit price (the "Redemption Price") based upon the NAV of such series as of the close of business on the day (a "Valuation Date") immediately preceding the applicable Redemption Date (taking into account the allocation of any Net Capital Appreciation or Net Capital Depreciation under Section 4.05, and any distributions under Section 5.04 for the Accounting Period then ending), after reduction for any Management Fee and Incentive Allocation (calculated as if the applicable Valuation Date was the last day of the fiscal year) and other liabilities of the Company to the extent accrued or otherwise attributable to the Units being redeemed, and the amount of any such reduction for the Management Fee shall be paid to the Managing Member, and the amount of any such reduction for any Incentive Allocation shall be allocated to the Capital Account of the Managing Member. If a redeeming Member owns Units of more than one series, unless otherwise specified by such Member in writing, Units shall be redeemed on a "first in-first out" basis for purposes of determining the Redemption Price. The Company will endeavor to pay the redemption proceeds within 45 days following the applicable Redemption Date, without interest. The Managing Member may permit redemptions at other times and in other amounts, subject to any conditions that it may impose in its sole discretion.
Examples of Maximum Redemption Amount in a sentence
If any Maximum Redemption Amount or Minimum Redemption Amount is specified in the relevant Final Terms, then the Optional Redemption Amount (Call) shall in no event be greater than the maximum or be less than the minimum so specified.
More Definitions of Maximum Redemption Amount
Maximum Redemption Amount means the amount specified as such in (or calculated in accordance with the provisions of) the relevant Pricing Supplement.
Maximum Redemption Amount means, in respect of any Note, an amount specified as such in, or determined in accordance with, the relevant Final Terms;
Maximum Redemption Amount means the amount specified in the relevant Final Terms. "Minimum Redemption Amount" means the amount specified in the relevant Final Terms. "Optional Redemption Amount" means:
Maximum Redemption Amount means the amount specified as such in (or calculated in accordance with the provisions of) the relevant Final Terms.
Maximum Redemption Amount has the meaning given in the relevant Pricing Supplement;
Maximum Redemption Amount means the amount per Note specified as such in the applicable Product and/or Pricing Supplement(s).