Exercise of Put Option Sample Clauses

Exercise of Put Option. Each Paying Agent shall make available to Noteholders during the period specified in Condition 9(e) (Redemption at the option of Noteholders) for the deposit of Put Option Notices forms of Put Option Notice upon request during usual business hours at its Specified Office. Upon receipt by a Paying Agent of a duly completed Put Option Notice and, in the case of a Put Option Notice relating to Definitive Notes or Individual Note Certificates, such Definitive Notes and Individual Note Certificates in accordance with Condition 9(e) (Redemption at the option of Noteholders), such Paying Agent shall notify the Relevant Issuer and (in the case of a Paying Agent other than the Fiscal Agent) the Fiscal Agent thereof indicating the certificate or serial numbers (if any) and principal amount of the Notes in respect of which the Put Option is exercised. Any such Paying Agent with which a Definitive Note or Individual Note Certificate is deposited shall deliver a duly completed Put Option Receipt to the depositing Noteholder and shall hold such Definitive Note or Individual Note Certificate on behalf of the depositing Noteholder (but shall not, save as provided below or in the Conditions, release it) until the Optional Redemption Date (Put), when it shall present such Definitive Note or Individual Note Certificate to itself for payment of the redemption moneys therefor and interest (if any) accrued to such date in accordance with the Conditions and Clause 8 (Payments to Noteholders) and pay such amounts in accordance with the directions of the Noteholder contained in the Put Option Notice; provided, however, that if, prior to the Optional Redemption Date (Put), such Definitive Note or Notes evidenced by such Individual Note Certificate become immediately due and payable or upon due presentation of such Definitive Note or Individual Note Certificate payment of such redemption moneys is improperly withheld or refused, the relevant Paying Agent shall mail notification thereof to the depositing Noteholder at such address as may have been given by such Noteholder in the relevant Put Option Notice and shall, in the case of a Definitive Note, hold such Note at its Specified Office for collection by the depositing Noteholder against surrender of the relevant Put Option Receipt and, in the case of an Individual Note Certificate, mail such Note Certificate by uninsured post to, and at the risk of, the Noteholder at such address as may have been given by such Noteholder in the rel...
AutoNDA by SimpleDocs
Exercise of Put Option. The Put Option may be exercised during the Put Option Period with respect to all or any portion of the Put Shares. Such option shall be exercised by such Holder giving notice to the Company and each other Holder during the Put Option Period of the Holder's election to exercise the Put Option, and the date of the Put Option Closing, which will be not less than fifteen (15) nor more than ninety (90) days after the date of such notice. The Company will provide each Holder desiring to exercise its Put Option the name and address of each other Holder. Notwithstanding the foregoing, if a Holder receives such notice of another Holder's exercise of such other Holder's Put Option, the Holder receiving such notice may elect to exercise its Put Option and designate a Put Option Closing simultaneous and pari passu with that of such other Holder.
Exercise of Put Option. 3.1 The Master Trust, on behalf of the Sub-Trust, agrees that it shall, upon exercise of the option as provided in Section 3.2, purchase the Preferred Stock from Ambac Assurance for a purchase price equal to the Put Option Price, which Put Option Price shall be payable on the Put Option Payment Date in accordance with Section 4.
Exercise of Put Option. In order to exercise the option contained in Condition 6(b) (Application for Redemption) (the "Put Option"), the Holder must, within the period specified in the Conditions for the deposit of the relevant Redemption Notice and Instruments, give written notice of such exercise to the Fiscal Agent in accordance with the rules and procedures of Euroclear, Clearstream, Luxembourg and/or any other relevant clearing system, specifying the number of Instruments in respect of which the early redemption option is being exercised. Any such notice shall be irrevocable and may not be withdrawn.
Exercise of Put Option. In order to exercise the option contained in Condition 5(c) (Redemption on Change of Control) (the "Put Option"), the bearer of this Global Note must, within the period specified in the Conditions for the deposit of the relevant Note and put notice, give notice of such exercise to the Fiscal Agent, in accordance with the rules and procedures of Euroclear, Clearstream, Luxembourg and/or any other relevant clearing system, specifying the principal amount of Notes in respect of which the Put Option is being exercised. Any such notice shall be irrevocable and may not be withdrawn.
Exercise of Put Option. The Indenture Trustee, subject to the conditions set forth in § 9.01 of the Sale and Servicing Agreement, shall provide the Put Option Provider with a Notice of Exercise of Put Option no later than five Business Days prior to the Put Option Exercise Date.
Exercise of Put Option. If any Holder elects to exercise its Put Option, such Holder shall give notice to Holdings and each other Holder of such Holder's election to exercise the Put Option, specifying, among other things, the date on which the Put Option Closing (as hereinafter defined) shall occur, which date shall not be less than twenty (20) nor more than thirty (30) days after the date of such notice. If a Holder receives such notice of another Holder's exercise of such other Holder's Put Option and the Put Option of the Holder receiving such notice is effective pursuant to Section 9.1, the Holder receiving such notice may elect to exercise its Put Option and designate a Put Option Closing simultaneous with that of such other Holder. The Company will provide each Holder desiring to exercise its Put Option with the name and address of each other Holder. Notwithstanding the foregoing, the right of each Holder to exercise its Put Option shall be an individual and separate right, and the exercise of any Put Option by any Holder shall not be conditioned upon the exercise by any other Holder of its Put Option.
AutoNDA by SimpleDocs
Exercise of Put Option. If at any time prior to the Company and the Investors issuing a joint notification to the Escrow Agent under paragraph 2.3 of part II of this schedule 3, the Investors have exercised the Put Option in the terms of the Share Subscription Agreement, the Investors may contemporaneously notify the Escrow Agent of the same (serving a copy of the Put Option notice to the Escrow Agent) and direct that the Escrow Amount, together with interest earned thereon, be paid to the Investors as the Investors shall direct, in which case the Escrow Agent shall comply with such request.
Exercise of Put Option. In order to exercise the option contained in Condition 5(e) (Optional Early Redemption (Put)) (the "Put Option"), the Holder must, within the period specified in the Conditions for the deposit of the relevant Covered Bond Certificate and Put Option Notice, give written notice of such exercise to the Fiscal Agent specifying the principal amount of Covered Bonds in respect of which the Put Option is being exercised. Any such notice shall be irrevocable and may not be withdrawn.
Exercise of Put Option. Executive (or a legal representative of Executive or Executive’s estate in the event of Disability or death) may elect to cause the LLC (or one or more of its assignees at the election of the LLC) to purchase all or any portion of the Unvested Securities by delivering written notice (the “Put Notice”) to the LLC within sixty (60) days after termination of Executive’s employment with the Company Parties. The Put Notice shall set forth the number, type and class of Unvested Securities to be acquired from each holder of Unvested Securities and the time and place for the closing of the transaction, which date shall not be more than thirty (30) days nor less than five (5) days after the delivery of such Put Notice; provided that the LLC or any other purchaser may elect to require that such Transfer be consummated effective as of the first day of the next succeeding month.
Time is Money Join Law Insider Premium to draft better contracts faster.