Automatic Repurchase Condition Clause Samples
Automatic Repurchase Condition. On each Vesting Date, the Annual Vesting Installment eligible for vesting on such date shall be subject to automatic repurchase by WPS Ltd to the extent provided in subsection (b) of this Section 2.3, if as of such Vesting Date there exists an Anniversary Shortfall.
Automatic Repurchase Condition. On each Lapse Date, the Annual Installment eligible for repurchase on such date shall be automatically repurchased by WPS