Common use of AR Optional Termination Clause in Contracts

AR Optional Termination. If “AR Termination Election” is specified as applicable then, following an automatic novation of the Original Swap Agreement in accordance with (a) above, the Authorised Representative may, and shall if directed in writing by the 100% Noteholder, deliver an AR Termination Election Notice to the Issuer.

AR Optional Termination. If “AR Termination Election” is specified as applicable then, following an automatic novation of the Original Swap Agreement in accordance with sub-paragraph (a) above, the Authorised Representative may, and shall if directed in writing by the 100% Noteholder, deliver an AR Termination Election Notice to the Issuer.