Common use of Election to Repay; Notice to Trustee Clause in Contracts

Election to Repay; Notice to Trustee. Each Holder desiring to exercise such Xxxxxx’s option for repayment shall (i) surrender the Debt Security to be repaid in whole or in part and (ii) deliver written notice of the exercise of such option to the Company as provided for herein not less than 30 nor more than 45 days prior to the Repayment Date. Such notice, which is irrevocable, must specify the Debt Security to be repaid, the principal amount of such Debt Security, and, in the case of a partial repayment, the portion of the Debt Security to be repaid. Any Bearer Security surrendered for repayment shall be accompanied by all unmatured Coupons and all matured Coupons in default. If any Bearer Security surrendered for repayment is not accompanied by all related unpaid Coupons, such Bearer Security may be due and payable at the Repayment Price less an amount equal to the face amount of all such missing Coupons. In the alternative, the Company and the Trustee may waive the surrender of the missing Coupons if sufficient security or indemnity is received by them so as to hold the Company, the Trustee, and the Paying Agent harmless from any amounts due under the missing Coupons.