Repurchase of Interests in Certain Event. (a) In the discretion of the Board of Directors, the Company may, but is not obligated to, repurchase a Member's Membership Interest upon a breach by the Member or any of its Affiliates of the Member's obligations contained in Article III, Sections 5.10, and 8.1 of this Agreement.
Repurchase of Interests in Certain Event. (a) In the discretion of AHH Management, the Company may, but is not obligated to, repurchase a Member's Economic Interest or Membership Interest upon such Member's breach of the Member's obligations contained in Article III, Sections 5.09, 8.1(b), 8.4, 8.9, 8.11, 12.1 and 12.11 of this Agreement.
Repurchase of Interests in Certain Event. (a) In the discretion of DTO Management, the Company may, but is not obligated to, repurchase a Member's Economic Interest or Membership Interest upon such Member's breach of the Member's obligations contained in Article III, Sections 5.9, 8.1(b), 8.4, 8.9, 12.1 and 12.11 of this Agreement.
Repurchase of Interests in Certain Event. (a) In the discretion of the General Partner, the Partnership may, but is not obligated to, repurchase a Partner's Economic Interest or Partnership Interest upon such Partner's breach of the Partner's obligations contained in Article III, Sections 5.9, 8.1(b), 8.4, 8.9, 12.1 and 12.11 of this Agreement.
Repurchase of Interests in Certain Event. (a) The Partnership may, but is not obligated to, repurchase a Partner's Economic Interest or Partnership Interest upon a breach by the Partner or any of its Affiliates of the Partner's obligation contained in Article III, Sections 5.9, 8.1, 8.4, 12.1 and 12.11 of this Agreement; provided that the Partnership shall be entitled to repurchase a Partner's Economic Interest or Partnership Interest for breaches of Article III, 12.1 and 12.11 provided that if such breach is reasonably capable of being cured, the breaching Partner shall have thirty (30) days to cure such breach after the date of notice given to the breaching Partner of the Partner's breach. Notwithstanding anything contained herein to the contrary, (i) if either the Investor General Partner or the Investor Limited Partner or any of their Affiliates breaches their obligations contained in Article III, Sections 5.9, 8.4, 12.1 and 12.11 of this Agreement, then the General Partner may take all actions on behalf of the Partnership under this Section 8.10(a) without the consent of the Investor General Partner; and (ii) if either SAHMI or VHI or any of their Affiliates breaches their obligations contained in Article III, Sections 5.9, 8.1(a), and 12.11 of this Agreement, then the Investor General Partner may take all actions on behalf of the Partnership under this Section 8.10(a) without the consent of the General Partner. In the event that a breach of the Investor General Partner's or Investor Limited Partner's obligations arises out of or is caused by a breach of the obligations of one or more of the Investor General Partner's or Investor Limited Partner's Affiliates (a "Breaching Affiliate") and the Investor General Partner or Investor Limited Partner as applicable fails to cure such breach of the Breaching Affiliate when permitted as set forth above, then the General Partner may, in its discretion, purchase a portion of the Investor General Partner's and/or Investor Limited Partner's Partnership Interest that is proportionate to the ownership interest of the Breaching Affiliate in the Investor General Partner and/or Investor Limited Partner at the time of the breach of the Partner's obligations under this Section 8.10(a).
Repurchase of Interests in Certain Event. (a) In the discretion of MedCath, the Company may, but is not obligated to, repurchase a Member's Economic Interest or Membership Interest upon such Member's breach of the Member's obligations contained in Article III, Sections 5.9, 8.1(b), 8.4, 8.9, 12.11 and 12.14 of this Agreement.
Repurchase of Interests in Certain Event. (a) In the discretion of the Board, the Company may, but is not obligated to, repurchase a Person's Economic Interest or Membership Interest upon such Person's breach of his, her or its obligations contained in Article III, Sections 5.9, 8.1(a) and (b), 8.4, 8.9, 12.1 and 12.11 of this Agreement.
Repurchase of Interests in Certain Event. (a) In the discretion of the Board of Directors, the Company may, but is not obligated to, repurchase a Member’s Membership Interest upon: (i) a breach by the Member or any of its Affiliates of the Member’s obligations contained in Article III, Sections 5.10, and 8.1 of this Agreement; or (ii) an application being made by a Member for the appointment of a receiver, trustee or custodian for any of the Member’s assets, a petition being filed under any section or chapter of the federal Bankruptcy Code or any similar law or regulation by or against a Member, a Member making an assignment for the benefit of its creditors, or a Member becoming insolvent or failing generally to pay its debts as they become due;
Repurchase of Interests in Certain Event. 31 SECTION 8.11. PERMISSIBLE TRANSFERS BY INVESTOR MEMBERS................................... 31 SECTION 8.12.
Repurchase of Interests in Certain Event. (a) In the discretion of SAHI, the Company may, but is not obligated to, repurchase a Member's Economic Interest or Membership Interest upon such Member's breach of the Member's obligations contained in Article III, Sections 5.9, 8.1(b), 8.4, 8.9, 12.1 and 12.11 of this Agreement.
