Common use of Noteholder Put Option Clause in Contracts

Noteholder Put Option. If “Noteholder Put Option” is applicable, the Issuer must, upon valid exercise of a Noteholder Put Option by any Noteholder, redeem the Notes which are the subject of such exercise at their Put Redemption Amount on the Put Redemption Date in accordance with the relevant Exercise Notice. To exercise such option the Noteholder must, within the Noteholder Put Option Period, deposit each Exercised Note at the specified office of a Paying Agent or Transfer Agent, together with an Exercise Notice. An Exercised Note may not be withdrawn without the Issuer’s prior consent. Notwithstanding the foregoing, if at any time prior to the redemption of the Notes pursuant to this Base Condition 6.3(b), a Mandatory Redemption Event occurs, the Exercise Notice given pursuant to this Base Condition 6.3(b), shall be deemed to be void and the Notes shall be redeemed pursuant to the provisions of Base Condition 6.2.

Noteholder Put Option. If “Noteholder Put Option” is applicable, the Issuer must, upon valid exercise of a Noteholder Put Option by any Noteholder, redeem the Notes which are the subject of such exercise at their Put Redemption Amount on the Put Redemption Date in accordance with the relevant Exercise Notice. To exercise such option the Noteholder must, within the Noteholder Put Option Period, deposit each Exercised Note at the specified office of a Paying Agent or Transfer Agent, together with an Exercise Notice. An Exercised Note may not be withdrawn without the Issuer’s prior consent. Notwithstanding the foregoing, if at any time prior to the redemption of the Notes pursuant to this Base Condition 6.3(b), a Mandatory Redemption Event occurs, the Exercise Notice given pursuant to Base this Base Condition 6.3(b), shall be deemed to be void and the Notes shall be redeemed pursuant to the provisions of Base Condition 6.2.