Common use of Redemption by Holder Clause in Contracts

Redemption by Holder. The Holder shall have the right at his option to redeem this Daily Note, in whole or in part, on any Business Day. Holders shall also have the right to make partial redemptions; provided, however, that upon a partial redemption, a minimum outstanding principal amount of $50 must be maintained. The Issuer retains the absolute right to require the Holder at any time (including the time at which the Holder may otherwise request a full or partial redemption of this Daily Note), to give the Issuer no less than 30 days' prior written notice by first class mail of a redemption demanded by the Holder and which notice shall specify the principal amount of the Daily Note to be redeemed and the redemption date which shall be a Business Day.

Redemption by Holder. The Holder shall have the right at his its option to redeem this Daily Note, in whole or in part, on any Business Day. Holders shall also have the right to make partial redemptions; provided, however, that upon a partial redemption, a minimum outstanding principal amount of $50 must be maintained. The Issuer retains the absolute right to require the Holder at any time (including the time at which the Holder may otherwise request a full or partial redemption of this Daily Note), to give the Issuer no less than 30 days' days prior written notice by first class mail of a redemption demanded by the Holder and which notice shall specify the principal amount of the Daily Note to be redeemed and the redemption date which shall be a Business Day.