Common use of Option Events Clause in Contracts

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. 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, shall be subject to the option to purchase set forth in this Section, unless otherwise determined by the Manager, in Manager’s sole and absolute discretion.

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 trustee otherwise consents in its sole discretion, be subject to the option to purchase set forth in this Section.