Option Event Date definition
Option Event Date means (a) in the case of an Option Event arising under Paragraph (D)(1)(a) of this Article 2 or an Option Event arising under Paragraph (D)(1)(b) of this Article 2 that is related to an Option Event arising under Paragraph (D)(1)(a) of this Article 2, the date the applicable Voluntary Transfer/Conversion Notice is received by the Transfer Agent; provided, however, that, in the event the Holder submitting such Voluntary Transfer/Conversion Notice indicates therein a Minimum Price, the Option Event Date shall not occur until the close of business on the day on which the Purchase Price equals or exceeds such Minimum Price; (b) in the case of an Option Event arising under Paragraph (D)(1)(c) of this Article 2, or an Option Event arising under Paragraph (D)(1)(b) of this Article 2 that is related to an Option Event arising under Paragraph (D)(1)(c) of this Article 2, the date of such foreclosure sale or other Transfer; and (c) in the case of an Option Event arising under Paragraph (D)(1)(d) of this Article 2, the date of consummation of the Change in Control of Matex.
Option Event Date means the date that an Option Event occurs except that if the Option Event results from either Postle or the Company notifying the other party of his or its electio▇ ▇▇▇ to renew the Term of Employment, the Option Event Date shall be the date of the termination or expiration of the Term of Employment.
Examples of Option Event Date in a sentence
If an Option Event occurs, Artisan shall, as soon as practicable following the Option Event Date, deliver to the Operating Member a written notice (the "Purchase Notice") stating the purchase price (or, if applicable, the Initial Purchase Price or in the case of Option B, the Fair Market Value), a detailed explanation of the valuation methodology and supporting information utilized in arriving at said purchase price (or Fair Market Value).