Common use of Exercise of Put Option Clause in Contracts

Exercise of Put Option. In order to exercise the option contained in Condition 5(e) (Optional Early Redemption (Put)) (the "Put Option"), the Holder must, within the period specified in the Conditions for the deposit of the relevant Covered Bond Certificate and Put Option Notice, give written notice of such exercise to the Fiscal Agent specifying the principal amount of Covered Bonds in respect of which the Put Option is being exercised. Any such notice shall be irrevocable and may not be withdrawn.

Exercise of Put Option. In order to exercise the option contained in Condition 5(e6(h) (Optional Early Redemption (Put)) (the "Put Option"), the Holder must, within the period specified in the Conditions for the deposit of the relevant Covered Bond Note Certificate and Put Option Notice, give written notice of such exercise to the Fiscal Agent specifying the principal amount of Covered Bonds Notes in respect of which the Put Option is being exercised. Any such notice shall be irrevocable and may not be withdrawn.