Option Events. Upon the occurrence of any one of the following situations (hereinafter individually referred to as an “Option Event”), the Interest of the Member who suffers or causes an Option Event (“Leaving Member”) shall, unless the Manager otherwise consents in its sole discretion, be subject to the option to purchase set forth in this Section.
Option Events. Each of the following events is an “Option Event”:
Option Events. (a) Notwithstanding anything to the contrary, if upon the delivery of an Option Notice with respect to any Option Event either (i) (x) an Option Notice (a “Prior Notice”) with respect to any other Option Event (a “Priority Event”) has been delivered in accordance with this Agreement less than ninety (90) days prior to the date of any such subsequent Option Notice, (y) the transactions contemplated by such Prior Notice have not been consummated or completed and (z) the right to consummate and complete such transactions has not expired or been rescinded or (ii) an action for specific performance has been instituted and is pending with respect to such Priority Event, then the delivery of such Prior Notice or the institution of any such action for specific performance shall supersede and void the delivery of any such subsequent Option Notice with respect to any Option Event other than such Priority Event.
Option Events. Upon the occurrence of any of the following events (each referred to hereinafter as an “Option Event”) affecting an Interest Holder (the “Affected Interest Holder”), the Company and then the unaffected Class B Members (the “Unaffected Members”) shall have the option to purchase the number of Units of such Affected Interest Holder (“Affected Units”) as described in Section 7.2(b), for the price and upon the terms set forth in Section 7.2 (c) – (e) of this Agreement:
Option Events. Each of the following shall constitute an Option Event with respect to a Member (the "Affected Member"):
Option Events. (i) Upon the bankruptcy or incompetency of any Stockholder, all of the Shares held by such Stockholder or his or her estate shall be subject to the option to purchase Shares upon the terms specified in this Section 2.11.
Option Events. (a) Each Manager hereby grants the Investor an irrevocable right (the “Option”) to purchase all or part of the Manager’s Securities (including Securities held by the Manager’s Controlled Entity) in the events (the “Option Events”) and at the purchase prices set out below:
Option Events. CDC shall be permitted to exercise the Option only upon the occurrence of one or more of the following events (each, an “Option Event”): (a) subject to Section 8.6 of the AHPDA, Developer fails to complete an item of performance by the time set forth in the Schedule of Performance after thirty (30) days written notice from CDC; (b) subject to Section 8.6 of the AHPDA, after commencement of development, Developer abandons or substantially suspends development of the Project for a period of forty-five (45) days, after thirty
Option Events. The occurrence of any one or more of the following ------------- Option Events shall give rise to the options to purchase Shares set forth in Sections 6.2 and 6.3 herein:
Option Events. Each Member individually and on behalf of its, his or her successors and assigns and each person obtaining ownership of any Membership Interest of a Member who is a party to this Agreement or any interest therein hereby grants to the Company and the other Members an option (the “Option”) to purchase the Membership Interest (including any Economic Interest transferred in contravention of this Agreement to any Assignee) of the granting Member or person, exercisable upon occurrence of any of the following events (the “Option Events”):
