Common use of Exercise of Put and Call Clause in Contracts

Exercise of Put and Call. 3.7.1. Exercise of Call shall be notified by the Issuer to the Bondholders and the Bond Trustee at least thirty Business Days prior to the relevant Call Date. 3.7.2. Partial exercise of Call shall be carried out pro rata between the Bonds (according to the procedures in the Securities Register). 3.7.3. Put Option must be exercised by the Bondholders by giving written notice of the request, via their Account Manager respectively, to the Issuer at least seventy – 70 – calendar days after Change of Control has occurred and a notice of Change of Control has been given to the Bondholders by the Bond Trustee. The settlement date of the Put Option shall be at the Business Day falling 90 calendar days after Change of Control has occurred and a notice of Change of Control has been given to the Bondholders by the Bond Trustee. 3.7.4. On the settlement date of the Put Option, the Issuer shall pay to each of the Bondholders holding Bonds to be pre-paid, the principal amount of each such Bond and any unpaid interest accrued up to and including the settlement date.

Appears in 7 contracts

Samples: Bond Agreement, Bond Agreement, Bond Agreement

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