Occurrence of Terminating Event or Adverse Terminating Event. (a) In the event a Terminating Event shall occur with respect to any Member, such Member or the Member’s successor or other legal representative shall give written notice thereof to the Company within thirty (30) days of the occurrence of such Terminating Event. Except as otherwise provided herein, upon the receipt of such notice, the Company shall have the right, but not the obligation, for the ensuing sixty (60) days to exercise its right to purchase such Member’s Interest and Units. If the Company has not received written notice of a Terminating Event with respect to any Member as required under this Section 15.2(a), the Company will have the right to exercise its right to purchase such Member’s Interest and Units for sixty (60) days after the Board of Managers has actual knowledge of the occurrence of any such event and gives written notice thereof to the Member or Member’s successor or other legal representative. In the event the Company elects to purchase the Units of a Member pursuant to this Section 15.2(a), the Company shall consummate such purchase within the five (5) day period following the expiration of the sixty (60) day exercise period (unless such exercise is subsequently revoked) pursuant to the terms set forth in Sections 15.3(a) and (b).
Occurrence of Terminating Event or Adverse Terminating Event. (a) In the event a Terminating Event has occurred with respect to any Limited Partner, such Partner, or the Partner’s successor or other legal representative, shall give written notice thereof to the Partnership within thirty (30) days of the occurrence of such event. Upon the receipt of such notice, the Partnership shall have the right, but not the obligation, for the ensuing ninety (90) days, to liquidate such Partner’s interest in the Partnership. If the Partnership has not received written notice of a Terminating Event with respect to any Limited Partner as required under this Section 13.02(a), the Partnership will have the right to liquidate such Partner’s interest in the Partnership for ninety (90) days after the Partnership has actual knowledge of the occurrence of any such event and gives written notice thereof to the Limited Partner. Notwithstanding anything to the contrary in this Agreement, the failure of a Limited Partner to notify the Partnership of the occurrence of a Terminating Event as required under Section 13.02(a) shall not constitute the occurrence of an Adverse Terminating Event.
Occurrence of Terminating Event or Adverse Terminating Event. (a) In the event a Terminating Event shall occur with respect to any Limited Partner (or person who owns an interest in a P.A. or P.C. that is a Limited Partner), such Partner or the Partner's successor or other legal representative shall give written notice thereof to the Partnership within thirty (30) days of the occurrence of such event. Upon receipt of such notice, the Partnership shall have the right, but not the obligation, for the ensuing sixty (60) days to exercise the right to purchase such Partner's interest in the Partnership; provided, however, that with respect to a person who owns an interest in a P.A. or P.C. that is a Limited Partner, the other owners of the P.A. or P.C. shall have sixty (60) days from the notice date to exercise the right to purchase the interest before the Partnership may exercise its repurchase right. If the Partnership has not received written notice of a Terminating Event with respect to any Limited Partner (or person who owns an interest in a P.A. or P.C. that is a Limited Partner) as required under this Section 13.3(a), the Partnership will have the right to exercise the right to purchase such Partner's interest in the Partnership for sixty (60) days after the Partnership has actual knowledge of the occurrence of any such event and gives written notice thereof to the Limited Partner. Notwithstanding anything to the contrary in this Agreement, the failure of a Limited Partner to notify the Partnership of the occurrence of a Terminating Event as required under this Section 13.3(a) shall not constitute the occurrence of an Adverse Terminating Event.
Occurrence of Terminating Event or Adverse Terminating Event. (a) In the event a Terminating Event shall occur with respect to any Limited Partner or person who owns an interest in a P.A. which is a Limited Partner, such Partner or the Partner’s successor or other legal representative shall give written notice thereof to the Partnership within thirty (30) days of the occurrence of such event. Upon the receipt of such notice, the Partnership shall have the right, but not the obligation, for the ensuing sixty (60) days to purchase such Partner’s interest in the Partnership. If the Partnership has not received written notice of a Terminating Event with respect to any Limited Partner or person who owns an interest in a P.A. which is a Limited Partner as required under this Section 14.2(a), the Partnership will have the right to purchase such Partner’s interest in the Partnership for sixty (60) days after the Partnership has actual knowledge of the occurrence of any such event and gives written notice thereof to the Limited Partner. Notwithstanding anything to the contrary in this Agreement, the failure of a Limited Partner to notify the Partnership of the occurrence of a Terminating Event as required under this Section 14.2(a) shall not constitute the occurrence of an Adverse Terminating Event.
Occurrence of Terminating Event or Adverse Terminating Event. (a) In the event a Terminating Event shall occur with respect to any Limited Partner or any person who owns an interest in a P.C. which is a Limited Partner, such Partner or the Partner’s successor or other legal representative shall give written notice thereof to the Partnership within thirty (30) days of the occurrence of such event. Upon the receipt of such notice, the Partnership shall have the right, but not the obligation, to exercise the right to purchase such Partner’s interest in the Partnership. If the Partnership has not received written notice of a Terminating Event with respect to any Limited Partner or any person who owns an interest in a P.C. which is a Limited Partner as required under this Section 13.2(a), the Partnership will have the right to exercise the right to purchase such Partner’s interest in the Partnership has actual knowledge of the occurrence of any such event and gives written notice thereof to the Limited Partner. Notwithstanding anything to the contrary in this Agreement, the failure of a Limited Partner to notify the Partnership of the occurrence of a Terminating Event as required under this Section 13.2(a) shall not constitute the occurrence of an Adverse Terminating Event.
Occurrence of Terminating Event or Adverse Terminating Event. (a) In the event a Terminating Event shall occur with respect to any Member, within a period of ninety (90) days after such Terminating Event, the Company shall liquidate such former Member’s Interest in the Company pursuant to Section 10.3 below.
Occurrence of Terminating Event or Adverse Terminating Event. 7.2.1 In the event a Terminating Event shall occur with respect to any Class C Limited Partner, any Class B Limited Partner or any person who owns an interest in a Qualified P.C. or a Qualified Retirement Plan which is a Class B Limited Partner, such Class C Limited Partner, Class B Limited Partner or such Class C Limited Partner’s or Class B Limited Partner’s successor or other legal representative shall give written notice thereof to the Partnership within thirty (30) days of the occurrence of such event. Upon the receipt of such written notice, the Partnership shall have the right, but not the obligation, for the ensuing sixty (60) days to purchase such Class C Limited Partner’s or Class B Limited Partner’s interest in the Partnership. If the Partnership has not received written notice of a Terminating Event with respect to any Class C Limited partner, any Class B Limited Partner or any person who owns an interest in a Qualified P.C. or a Qualified Retirement Plan which is a Class B Limited Partner as required under this Section 7.2.1, the Partnership will have the right to purchase such Class C Limited Partner’s or Class B Limited Partner’s interest in the Partnership for sixty (60) days after the Partnership has actual knowledge of the occurrence of any such event and gives written notice thereof to such Class C Limited partner or such Class B Limited Partner. Notwithstanding anything to the contrary in this Agreement, the failure of a Class C Limited Partner or a Class B Limited Partner to notify the Partnership of the occurrence of a Terminating Event as required under this Section 7.2.1 shall not constitute the occurrence of an Adverse Terminating Event.
Occurrence of Terminating Event or Adverse Terminating Event. (a) In the event a Terminating Event shall occur with respect to any Physician Class A Member or Physician Class C Member (which, for purposes of this Article XV, includes any Physician who owns or controls a Physician Class A Member or Physician Class C Member which is an entity), such Physician Class A Member or Physician Class C Member or the Member’s successor or other legal representative shall give written notice thereof to the Company within thirty (30) days of the occurrence of such Terminating Event. Except as otherwise provided herein, upon the receipt of such notice, the Company shall have the right, but not the obligation, for the ensuing sixty (60) days to exercise its right to purchase such Physician Class A Member’s or Physician Class C Member’s Units. If the Company has not received written notice of a Terminating Event with respect to any Member as required under this Section 15.2(a), the Company will have the right to exercise its right to purchase such Physician Class A Member’s or Physician Class C Member’s Units for sixty (60) days after the Board of Managers has actual knowledge of the occurrence of any such event and gives written notice thereof to the Physician Class A Member or Physician Class C Member or Member’s successor or other legal representative. Notwithstanding anything to the contrary in this Agreement, the failure of a Physician Class A Member or Physician Class C Member to notify the Company of the occurrence of a Terminating Event as required under this Section 15.2(a) shall not constitute the occurrence of an Adverse Terminating Event. In the event the Company elects to purchase the Units of a Physician Class A Member or Physician Class C Member pursuant to this Section 15.2(a), the Company shall consummate such purchase within the five (5) day period following the expiration of the sixty (60) day exercise period (unless such exercise is subsequently revoked) pursuant to the terms set forth in Sections 15.3(a) and (c).
Occurrence of Terminating Event or Adverse Terminating Event. (a) In the event a Terminating Event shall occur with respect to any Limited Partner (or person who owns an interest in a P.A. which is a Limited Partner), such Partner or the Partner's successor or other legal representative shall give written notice thereof to the Partnership within thirty (30) days of the occurrence of such event. Upon the receipt of such notice, the Partnership shall have the right, but not the obligation, for the ensuing sixty (60) days to exercise the right to purchase such Partner's interest in the Partnership. If the Partnership has not received written notice of a Terminating Event with respect to any Limited Partner (or person who owns an interest in a P.A. which is a Limited Partner) as required under this Section 13.2(a), the Partnership will have the right to exercise the right to purchase such Partner's interest in the Partnership for sixty (60) days after the Partnership has actual knowledge of the occurrence of any such event and gives written notice thereof to the Limited Partner. Notwithstanding anything to the contrary in this Agreement, the failure of a Limited Partner to notify the Partnership of 23 <PAGE> the occurrence of a Terminating Event as required under this Section 13.2(a) shall not constitute the occurrence of an Adverse Terminating Event. (b) In the event the General Partner determines that an Adverse Terminating Event has occurred with respect to any Limited Partner (or person who owns an interest in a P.A. which is a Limited Partner) the Partnership shall give written notice thereof to such Partner and, for a period of sixty (60) days from the date of such notice, the Partnership shall have the right, but not the obligation, to exercise the right to purchase such Partner's interest in the Partnership. (c) In the event the Partnership elects to purchase the interest of a Limited Partner pursuant to this Section 13.2, the Partnership shall consummate such purchase within the five (5) day period following the expiration of the sixty (60) day exercise period. (d) In the event the Partnership does not elect to exercise its right to purchase such Partner's interest in the Partnership pursuant to subsections (a) or (b) above, then the General Partner shall have the right, but not the obligation, within the time period indicated in Section 13.2(a) hereof to exercise its right to purchase such Partner's interest, pursuant to the same terms provided in Section 13.3 hereof for Partnership purchases of such Partner's ...
Occurrence of Terminating Event or Adverse Terminating Event. (a) In the event a Terminating Event shall occur with respect to any Limited Partner (or person who owns an interest in a P.A. which is a Limited Partner), such Partner or the Partner's successor or other legal representative shall give written notice thereof to the Partnership within thirty (30) days of the occurrence of such event. Upon the receipt of such notice, the Partnership shall have the right, but not the obligation, for the ensuing sixty (60) days to exercise the right to purchase such Partner's interest in the Partnership. If the Partnership has not received written notice of a Terminating Event with respect to any Limited Partner (or person who owns an interest in a P.A. which is a Limited Partner) as required under this Section 13.2(a), the Partnership will have the right to exercise the right to purchase such Partner's interest in the Partnership for sixty (60) days after the Partnership has actual knowledge of the occurrence of any such event and gives written notice thereof to the Limited Partner. Notwithstanding anything to the contrary in this Agreement, the failure of a Limited Partner to notify the Partnership of the occurrence of a Terminating Event as required under this Section 13.2(a) shall not constitute the occurrence of an Adverse Terminating Event.
