The WTA shall approve a member’s request to be released from  conducting its Tournament provided the request: (a)  Is made in writing; (b)  Is made after the requesting Tournament’s No Release Deadline  as outlined in sub-Section 1 above; (c)  Includes the reason for the request; and (d) Is accompanied by payment to the WTA of the Tournament’s  Announced Prize Money. (a) The Tournament Class Membership shall automatically be  suspended, and the member shall have no right to operate a  Tournament on the WTA until its Tournament Class Membership  is reinstated by the Board. (b) Within thirty (30) days of the suspension of the Tournament  Class Membership, the member may make a written application  for reinstatement to the Board of Directors. The Board of  Directors may accept or reject an application for reinstatement  in its sole and absolute discretion. (c)  If a member’s request for reinstatement is denied by the Board  of Directors, or if the member fails to apply for reinstatement  in the designated time frame, the member shall have a limited  opportunity to sell its Tournament Class Membership, provided  the proposed transfer: (i)  Is for the entire Tournament Class Membership (partial sales,  leases, and management agreements are not permitted); (ii) Is a bona fide arm’s length transaction with an unrelated or  unaffiliated third party; (iii) Complies in all respects with the Rules relating to transfer  of ownership, including the WTA’s approval rights and  the WTA’s right of first refusal, with the exception of the  211 i.  Tournament Obligations ii.  Additional Tournament Implications TOURNAMENTS  SECTION XII - WTA TOURNAMENT MEMBERSHIPS b.  After the No Release Deadline