Common use of REPAYMENT AT OPTION OF HOLDER Clause in Contracts

REPAYMENT AT OPTION OF HOLDER. If specified on the face hereof, this Note will be subject to repayment at the option of the Holder hereof on the Repayment Date(s) and at the Repayment Price(s) indicated on the face hereof. If no such Repayment Date is set forth on the face hereof, this Note may not be so repaid at the option of the Holder hereof prior to Stated Maturity. On each Repayment Date, if any, this Note shall be repayable in whole or in part at the option of the Holder hereof at the applicable Repayment Price set forth on the face hereof, together with interest thereon to the date of repayment. For this Note to be repaid in whole or in part at the option of the Holder hereof, the Paying Agent in The City of New York must receive not less than 30 nor more than 45 days prior to the Repayment Date (i) the Note with the form entitled "Option to Elect Repayment" below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange or the National Association of Securities Dealers, Inc. or a commercial bank or a trust company in the United States of America setting forth the name of the Holder of the Note, the principal amount of the Note, the certificate number of the Note or a description of the Note's tenor or terms, the principal amount of the Note to be prepaid, a statement that the option to elect repayment is being exercised thereby and a guarantee that the Note to be prepaid with the form entitled "Option to Elect Repayment" on the reverse of the Note duly completed will be received by such Paying Agent no later than five Business Days after the date of such telegram, telex, facsimile transmission or letter and such Note and form duly completed are received by such Paying Agent by such fifth Business Day. Exercise of such repayment option shall be irrevocable. Such option may be exercised by the Holder for less than that entire principal amount provided that the principal amount remaining outstanding after repayment is an authorized denomination.

Appears in 1 contract

Samples: Distribution Agreement (Texaco Inc)

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REPAYMENT AT OPTION OF HOLDER. If specified on the face hereof, this Note will be subject to repayment at the option of the Holder hereof on the Repayment Date(s) and at the Repayment Price(s) indicated on the face hereof. If no such Repayment Date is set forth on the face hereof, this Note may not be so repaid at the option of the Holder hereof prior to Stated Maturity. On each Repayment Date, if any, this Note shall be repayable in whole or in part at the option of the Holder hereof at the applicable Repayment Price set forth on the face hereof, together with interest thereon to the date of repayment. For this Note to be repaid in whole or in part at the option of the Holder hereof, the Paying Agent in The City of New York must receive not less than 30 nor more than 45 days prior to the Repayment Date (i) the Note with the form entitled "Option to Elect Repayment" below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange or the National Association of Securities Dealers, Inc. or a commercial bank or a trust company in the United States of America setting forth the name of the Holder of the Note, the principal amount of the Note, the certificate number of the Note or a description of the Note's tenor or terms, the principal amount of the Note to be prepaid, a statement that the option to elect repayment is being exercised thereby and a guarantee that the Note to be prepaid with the form entitled "Option to Elect Repayment" on the reverse of the Note duly completed will be received by such Paying Agent no later than five Business Days after the date of such telegram, telex, facsimile transmission or letter and such Note and form duly completed are received by such Paying Agent by such fifth Business Day. Exercise of such repayment option shall be irrevocable. Such option may be exercised by the Holder for less than that entire principal amount provided that the principal amount remaining outstanding after repayment is an authorized denomination.. C-12

Appears in 1 contract

Samples: Distribution Agreement (Texaco Inc)

REPAYMENT AT OPTION OF HOLDER. If specified on the face hereof, this This Note will be subject to repayment at by the option of the Holder hereof on the Repayment Date(s) and at the Repayment Price(s) indicated on the face hereof. If no such Repayment Date is set forth on the face hereof, this Note may not be so repaid Company at the option of the Holder hereof prior to the Stated Maturity. On each Maturity Date on the Optional Repayment DateDate(s), if any, this Note shall be repayable in whole or in part at the option of the Holder hereof at the applicable Repayment Price set forth specified on the face hereof, in whole or from time to time in part in increments of $1,000 or such other integral multiple of an Authorized Denomination (provided that any remaining principal amount hereof shall be at least $1,000 or such other minimum Authorized Denomination), at a repayment price equal to 100% of the unpaid principal amount to be repaid, together with unpaid interest accrued thereon to the date of repaymentfixed for repayment (the "Repayment Date"). For this Note to be repaid in whole or in part at the option of the Holder hereofrepaid, the Paying Agent in The City of New York Trustee must receive at its Corporate Trust Office not more than 60 nor less than 30 nor more than 45 calendar days prior to the Repayment Date (i) the Date, this Note with and [the form thereon entitled "Option to Elect Repayment" below duly completed completed](1) [instructions to such effect forwarded by the Holder hereof](2). Exercise of such repayment option by the Holder hereof will be irrevocable. In the event of repayment of this Note in part only, a new Note or (ii) a telegram, telex, facsimile transmission or a letter from a member Notes of a national securities exchange or like tenor representing the National Association of Securities Dealers, Inc. or a commercial bank or a trust company unredeemed portion hereof and otherwise having the same terms and provisions as this Note shall be issued by the Company in the United States of America setting forth the name of the Holder hereof upon the presentation and surrender hereof. If this Note is a Book-Entry Security as specified on the face hereof, while this Note is represented by one or more Book-Entry Securities registered in the name of the Depositary or its nominee, the option for repayment may be exercised by a participant that has an account with the Depositary, on behalf of the beneficial owner of this Note, the principal amount of the Note, the certificate number of the Note or by delivering a description of the Note's tenor or terms, the principal amount of the Note written notice substantially similar to be prepaid, a statement that the option to elect repayment is being exercised thereby and a guarantee that the Note to be prepaid with the form below entitled "Option to Elect Repayment" duly completed to the Trustee at its Corporate Trust Office (or such other address of which the Company will from time to time notify the Holders), at least 30 but not more than 60 calendar days prior to an Optional Repayment Date. A notice of election from a participant on the reverse behalf of the beneficial owner of this Note duly completed will to exercise the option to have this Note repaid must be received by the Trustee by 5:00 P.M., New York City time, on the last day for giving such Paying Agent no later than five Business Days after the date of such telegram, telex, facsimile transmission or letter and such Note and form duly completed are notice. In order to ensure that a notice is received by the Trustee on a particular day, the beneficial owner of this Note must so direct the applicable participant before such Paying Agent by such fifth Business Dayparticipant's deadline for accepting instructions for that day. Exercise Different firms may have different deadlines for accepting instructions from their customers. Accordingly, the beneficial owner of such repayment option shall be irrevocable. Such option may be exercised by the Holder for less than that entire principal amount provided that the principal amount remaining outstanding after repayment is an authorized denomination.this

Appears in 1 contract

Samples: Amerco /Nv/

REPAYMENT AT OPTION OF HOLDER. If specified on the face hereof, this This Note will be is subject to repayment in whole or in part in integral multiples of $1,000 on August 15, 2013 (the “Repayment Date”) at the option of the Holder hereof on at a price equal to 100% of the principal amount hereof to be repaid, together with interest hereon accrued to the Repayment Date(s) and at Date, all as provided in the Repayment Price(s) indicated on the face hereofIndenture. If no such Repayment Date is set forth on the face hereof, this Note may not To be so repaid at the option of the Holder, this Note, with the “Option to Elect Repayment” form duly completed by the Holder hereof prior hereof, must be received by the Company at the Corporate Trust Office of the Trustee (or at such other address of which the Company shall from time to Stated Maturitytime notify the Holder hereof) not earlier than June 1, 2013 nor later than June 30, 2013; provided, however, that if June 30, 2013 is not a Business Day, this Note, with said “Option to Elect Repayment” form attached hereto duly completed may be received at the aforementioned address on the next succeeding Business Day. On each Repayment Date, if any, Exercise of such option by the Holder of this Note shall be repayable irrevocable unless waived by the Company. If less than the entire principal amount of this Note is to be repaid, the principal amount of this Note to be repaid, in whole increments of $1,000, and the denomination or denominations of the Note or Notes to be issued to the Holder hereof for the portion of the principal amount of this Note that is not to be repaid must be specified. The principal amount of this Note may not be repaid in part at the option of the Holder hereof at if, following such repayment, the applicable Repayment Price set forth on unpaid principal amount of such Note would be less than the face hereofminimum authorized denomination of Notes under the Indenture. No transfer or exchange of this security (or in the event this Note is to be repaid in part, together with interest thereon such portion of this Note to be repaid) will be permitted after exercise of the repayment option. All questions as to the date validity, eligibility (including time of repaymentreceipt) and acceptance of this Note for repayment will be determined by the Company, whose determination will be final and binding. For Upon surrender and cancellation of this Note to be repaid in whole or in part at only, the option of Company shall execute and the Trustee shall authenticate and deliver to the Holder hereof, without service charge and at the Paying Agent expense of the Company, a new Note or Notes, of any authorized denomination specified by the Holder hereof, in The City an aggregate principal amount equal to and in exchange for the portion of New York must receive the principal of this Note which is not to be repaid. In the event that Holders of the Notes elect to exercise the repayment option with respect to 95% or more of the aggregate principal amount of such Notes outstanding on July 2, 2013, the Company may at its option redeem all, but not less than all, of such Notes remaining outstanding, upon not less than 30 nor more than 45 days 60 days’ prior notice by mail, at any time on or after August 16, 2013, at a price equal to 100% of the principal amount thereof, together with interest thereon accrued to the redemption date, but interest installments which are due on or prior to the Repayment Date (i) the Note with the form entitled "Option such redemption date will be payable to Elect Repayment" below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange or the National Association of Securities Dealers, Inc. or a commercial bank or a trust company in the United States of America setting forth the name of the Holder of record at the Noteclose of business on the relevant record date referred to on the face hereof, all as provided in the principal amount Indenture. On such redemption date, this Note shall become due and payable and from and after such date (unless the Company shall default in the payment of the Note, the certificate number of the redemption price therefor) this Note or a description of the Note's tenor or terms, the principal amount of the Note shall cease to be prepaid, a statement that the option to elect repayment is being exercised thereby and a guarantee that the Note to be prepaid with the form entitled "Option to Elect Repayment" on the reverse of the Note duly completed will be received by such Paying Agent no later than five Business Days after the date of such telegram, telex, facsimile transmission or letter and such Note and form duly completed are received by such Paying Agent by such fifth Business Day. Exercise of such repayment option shall be irrevocable. Such option may be exercised by the Holder for less than that entire principal amount provided that the principal amount remaining outstanding after repayment is an authorized denominationbear interest.

Appears in 1 contract

Samples: Expedia, Inc.

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REPAYMENT AT OPTION OF HOLDER. If specified on the face hereof, this Note will be subject to repayment at the option of the Holder hereof on the Repayment Date(s) and at the Repayment Price(s) indicated on the face hereof. If no such Repayment Date is set forth on the face hereof, this Note may not be so repaid at the option of the Holder hereof prior to Stated Maturity. On each Repayment Date, if any, this Note shall be repayable in whole or in part at the option of the Holder hereof at the applicable Repayment Price set forth on the face hereof, together with interest thereon to the date of repayment. For this Note to be repaid in whole or in part at the option of the Holder hereof, the Paying Agent in The City of New York must receive not less than 30 nor more than 45 days prior to the Repayment Date (i) the Note with the form entitled "Option to Elect Repayment" below duly completed or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange or the National Association of Securities Dealers, Inc. or a commercial bank or a trust company in the United States of America setting forth the name of the Holder of the Note, the principal amount of the Note, the certificate number of the Note or a description of the Note's tenor or terms, the principal amount of the Note to be prepaid, a statement that the option to elect repayment is being exercised thereby and a guarantee that the Note to be prepaid with the form entitled "Option to Elect Repayment" on the reverse of the Note duly completed will be received by such Paying Agent no later than five Business Days after the date of such telegram, telex, facsimile transmission or letter and such Note and form duly completed are received by such Paying Agent by such fifth Business Day. Exercise of such repayment option shall be irrevocable. Such option may be exercised by the Holder for less than that entire principal amount provided that the principal amount remaining outstanding after repayment is an authorized denomination.. C-11

Appears in 1 contract

Samples: Distribution Agreement (Texaco Inc)

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