Rescission of Exercise. If Party B cannot obtain a bid for the Bonds held by it in excess of the Strike Price together with accrued interest on the Bonds, then Party A's notice of exercise shall be rescinded and the Options for which notice of exercise was given shall continue in full force and effect without regard to such provision of notice.
Appears in 3 contracts
Samples: Trust Agreement (MSDW Structured Asset Corp Tr Un Repack Sat Ser 2002-1), Trust Agreement (MSDW Structured Saturns Series 2002-4), Trust Agreement (MSDW Structured Saturns Series 2002-4)
Rescission of Exercise. (Cash If Party B cannot obtain a bid for the Bonds held by it Settlement Only): in excess of the Strike Price together with accrued interest on the Bonds, then Party A's notice of exercise shall be rescinded and the Options for which notice of exercise was given shall continue in full force and effect without regard to such provision of notice.. Multiple Exercise: Applicable Minimum Number of Options: 1
Appears in 1 contract
Samples: Trust Agreement (MSDW Structured Saturns Verizon Glob Deb Back Ser 2002-9)
