Exercise of Put Option; Redemption. 3.1 The Custodial Trust agrees that it shall, upon exercise of the put option as provided in Section 3.2, purchase the Preferred Stock from MBIA Insurance for a purchase price equal to the Preferred Stock Purchase Price, which Preferred Stock Purchase Price shall be payable on the Preferred Stock Payment Date in accordance with Section 4.
Appears in 8 contracts
Samples: Put Option Agreement (Mbia Inc), Put Option Agreement (Mbia Inc), Put Option Agreement (Mbia Inc)