Optional Repurchase Right Sample Clauses

Optional Repurchase Right. Any Unit Holder or Substituted Limited Partner shall have the right, at his option, to present his Units to the General Partner or its designated Affiliate for repurchase on the basis set forth in this Article Fifteen.

Optional Repurchase Right. The NIMS Insurer, if any, may repurchase any Distressed Mortgage Loan for a purchase price equal to the outstanding principal balance of such Mortgage Loan, plus accrued interest thereon to the date of repurchase plus any unreimbursed Advances, Servicing Advances, Servicing Fees or Trustee Fees and expenses allocable to such Distressed Mortgage Loan. Any such repurchase shall be accomplished by the NIM Insurer’s remittance of the purchase price for the Distressed Mortgage Loan to the Master Servicer for deposit into the Collection Account.

Optional Repurchase Right. Any Limited Partner shall have the right, at his option, to present his Interests to the General Partner or its designated Affiliate for repurchase on the basis set forth in this Article 15.

Optional Repurchase Right. Notwithstanding anything herein to the contrary, in the event that any shares of Purchaser’s Series B Preferred Stock are issued under the terms of the Short Term Convertible Note or the $525,000 Convertible Note, Purchaser shall have the right, exercisable in its sole discretion at any time prior to the twelve (12) month anniversary of any such issuance, to repurchase any such shares of Series B Preferred Stock so issued for a cash payment in an amount per share equal to the Conversion Price (as defined in the Short Term Convertible Note or the $525,000 Convertible Note, as applicable), and Purchaser shall be entitled to affix an appropriate legend on the certificates representing any such shares of Series B Preferred Stock so issued evidencing such optional repurchase right.”

Optional Repurchase Right. Notwithstanding anything herein to the contrary, in the event that any shares of Purchaser’s Series B Preferred Stock are issued under the terms of the Short Term Convertible Note, Purchaser shall have the right, exercisable in its sole discretion at any time prior to the twelve (12) month anniversary of any such issuance, to repurchase any such shares of Series B Preferred Stock so issued for a cash payment in an amount per share equal to the Conversion Price (as defined in the Short Term Convertible Note), and Purchaser shall be entitled to affix an appropriate legend on the certificates representing any such shares of Series B Preferred Stock so issued evidencing such optional repurchase right.

Optional Repurchase Right. The Corporation shall have the right and option at any time, upon at least one 60 days’ advance written notice (a “Repurchase Notice”) to the holders of the Series A Preferred, to effect a Repurchase Event which results in the purchase, repurchase or retraction of all or any lesser number of outstanding shares of the Series A Preferred (but not less than 20% of the then-outstanding Series A Preferred), in exchange for payment of the amounts set forth in the following clauses (i), (ii) and (iii). Upon receipt of a Repurchase Notice, the holders of the Series A Preferred shall be obligated to sell to Parent the specified number of shares of the Series A Preferred as set out in the Repurchase Notice, in exchange for payment of the following:

Optional Repurchase Right. At any time following February 21, 2016, the Company shall have the right to repurchase from time to time (the “Optional Repurchase”) all or any portion of the outstanding Vodafone Notes. The repurchase price with respect to such Vodafone Notes shall be equal to 100% of the aggregate principal amount of the Notes being repurchased plus accrued and unpaid interest on the Notes being repurchased to, but excluding, the date of repurchase (the “Optional Repurchase Price”).

Optional Repurchase Right. Subject to the other terms of this Section 8, each Holder will have the right (the “Optional Repurchase Right”) to require the Company to repurchase all, or any whole number of shares that is less than all, of such Holder’s Convertible Preferred Stock on an Optional Repurchase Date occurring either (i) on or after the Optional Repurchase Trigger Date (determined pursuant to Section 8(d)) or (ii) (x) at any time after the date that is 91 days after the Latest Maturity Date (as defined in the Existing Credit Agreement, without giving effect to any extension thereof other than extensions approved in accordance with Section 9(b)(i)(11)) in connection with a conversion of Convertible Preferred Stock or (y) subject to Section 7(c), any conversion of Convertible Preferred Stock in connection with a Change of Control, whenever occurring, in each case, pursuant to which the number of Conversion Shares issuable upon such conversion is limited by operation of Section 10(h)(i)(2) (such number of Conversion Shares that cannot be issued due to the operation of Section 10(h)(i)(2) being the “Excess Conversion Shares”). Any such payment pursuant to this section 8(a) shall be for a cash purchase price equal to the Optional Repurchase Price.