Optional Repurchase Event definition
Optional Repurchase Event means the occurrence of any one or more of the following events:
Optional Repurchase Event shall have the meaning set forth in Section 2.2.2(a).
Examples of Optional Repurchase Event in a sentence
If a holder of Preferred Units has not delivered a Holder Repurchase Notice as of the Optional Repurchase Event Expiration Date, such holder will be deemed to have waived the right to have his or her Preferred Units repurchased by the Partnership with respect to such Optional Repurchase Event.
Any Repurchase Notice shall state (1) that Olympus is requiring the Company to repurchase shares of Preferred Stock pursuant to this Section 2.2.2, (2) the Optional Repurchase Event giving rise to such repurchase, and (3) the number of shares of Preferred Stock held by Olympus which are to be repurchased.