Examples of Quarterly Redemption in a sentence
We describe these restrictions in more detail under “Description of Our Common Shares — Quarterly Redemption Plan.” Therefore, it will be difficult for you to sell your shares promptly or at all.
Certain U.S. Federal Income Tax Considerations Relating to our Quarterly Redemption PlanSubject to the discussion set forth in the next paragraph, an entity that is treated as a partnership for U.S. federal income tax purposes is generally not subject to U.S. federal income tax at the entity level.
See “Description of Our Common Shares — Quarterly Redemption Plan.”The offering price of our shares was not established on an independent basis; the actual value of your investment may be substantially less than what you pay.
Any Redemption Notice delivered for a Redemption on a Quarterly Redemption Date may not be contingent.
We describe these restrictions in more detail under “Description of Our Common Shares — Quarterly Redemption Plan.” Therefore, it will be difficult for you to sell the Company’s shares at the time you wish to do so, if you are able to sell them at all.
The limited Quarterly Redemption Plan offers limited liquidity for shareholders.Our operating agreement does not require the Manager to seek shareholder approval to liquidate our assets by a specified date, nor does our operating agreement require the Manager to list the Company’s shares for trading on a national securities exchange by a specified date.
The Company’s determination to pay a Quarterly Redemption in cash, shares of Common Stock or a combination thereof shall be applied ratably to all of the holders of the then outstanding Debentures based on their (or their predecessor’s) initial purchases of Debentures pursuant to the Purchase Agreement.
See “Description of Our Common Shares — Quarterly Redemption Plan.” The offering price of the Company’s shares was not established on an independent basis; the actual value of your investment may be substantially less than what you pay.
We describe these restrictions in more detail under “Description of Our Common Shares — Quarterly Redemption Plan.” Therefore, it will be difficult for you to redeem and/or sell your shares promptly or at all.
Considerations Relating to our Quarterly Redemption Plan” and “Certain U.S. Federal Income Tax Purposes—Partnership Classification” below.Pursuant to our redemption plan, shareholders may request that we redeem at least 25% of their shares.