Common use of Company Election Clause in Contracts

Company Election. In order to elect to pay the Additional Interest as the sole remedy during the first 360 days after the occurrence of a Reporting Default in accordance with Section 9.04(a) hereof, the Issuer must notify all Holders, the Trustee and the Paying Agent in writing of such election prior to the beginning of such 360-day period.

Company Election. In order to elect to pay the Additional Interest as the sole remedy during the first 360 days after the occurrence of a Reporting Default in accordance with Section 9.04(a9.3(A) hereof, the Issuer must notify all Holders, the Trustee Holders and the Paying Agent Agent, if other than the Issuer, in writing of such election prior to the beginning of such 360-day period.