Common use of SURVIVOR'S OPTION Clause in Contracts

SURVIVOR'S OPTION. If the Survivor’s Option is applicable to this Note, the Representative (defined below) of a deceased beneficial owner of this Note shall be entitled to repayment of this Note following the death of the beneficial owner (a “Survivor’s Option”). Unless specifically provided on the face of this Note, the Survivor’s Option may not be exercised unless the Note was acquired by the beneficial owner at least six months prior to such election. If the Survivor’s Option is applicable to this Note, upon the valid exercise of the Survivor’s Option, the Company shall repay the Note (or portion thereof), properly tendered for repayment by or on behalf of the person (the “Representative”) that has authority to act on behalf of the deceased, beneficial owner of a Note under the laws of the appropriate jurisdiction (including, without limitation, the personal representative or executor of the deceased beneficial owner or the surviving joint owner with the deceased beneficial owner) at a price equal to 100% of the principal amount of the deceased beneficial owner’s beneficial interest in such Note plus accrued and unpaid interest to the date of such repayment, subject to the following limitations:

Appears in 4 contracts

Samples: National Rural Utilities Cooperative Finance Corp /Dc/, National Rural Utilities Cooperative Finance Corp /Dc/, National Rural Utilities Cooperative Finance Corp /Dc/

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SURVIVOR'S OPTION. If the Survivor’s Option is applicable to this so specified in any Note, the Representative (defined below) representative of a deceased beneficial owner of this such Note shall be entitled have the option to elect repayment of this such Note following the death of the beneficial owner of such Note (a "Survivor’s 's Option"). Unless specifically provided on otherwise specified in the face of this Note, the no Survivor’s 's Option may not be exercised unless if the deceased beneficial owner of the Note was acquired by the beneficial owner at least held such Note for less than six months prior to such electionthe beneficial owner's death. If the Survivor’s Option is applicable Pursuant to this Note, upon the valid exercise of the Survivor’s 's Option, the Company shall repay the any Note (or portion thereof), ) properly tendered for repayment by or on behalf of the person (the "Representative") that has authority to act on behalf of the deceased, deceased beneficial owner of a Note under the laws of the appropriate jurisdiction (including, without limitation, the personal representative or executor of the deceased beneficial owner or the representative, executor, surviving joint owner with tenant or surviving tenant by the entirety of such deceased beneficial owner) at a price equal to 100% of the principal amount of the deceased beneficial owner’s beneficial interest of the deceased owner in such Note plus accrued and unpaid interest to the date of such repayment (or at a price equal to the Amortized Face Amount for Original Issue Discount Notes and Zero-Coupon Notes on the date of such repayment), subject to the following limitations:

Appears in 4 contracts

Samples: Indenture (Bank of America Corp /De/), Indenture (Bank of America Corp /De/), Bank of America Corp /De/

SURVIVOR'S OPTION. If the Survivor’s Option is applicable to this Note, the Representative (defined below) of a deceased beneficial owner of this Note shall be entitled to repayment of this Note following the death of the beneficial owner (a “Survivor’s Option”). Unless specifically provided on the face of this Note, the Survivor’s Option may not be exercised unless the Note was acquired by the beneficial owner at least six months prior to such election. If the Survivor’s Option is applicable to this Note, upon the valid exercise of the Survivor’s Option, the Company shall repay the Note (or portion thereof), properly tendered for repayment by or on behalf of the person (the “Representative”) that has authority to act on behalf of the deceased, beneficial owner of a Note under the laws of the appropriate jurisdiction (including, without limitation, the personal representative or executor of the deceased beneficial owner or the surviving joint owner with the deceased beneficial owner) at a price equal to 100% of the amortized principal amount of the deceased beneficial owner’s beneficial interest in such Note plus accrued and unpaid interest to the date of such repayment, subject to the following limitations:

Appears in 4 contracts

Samples: National Rural Utilities Cooperative Finance Corp /Dc/, National Rural Utilities Cooperative Finance Corp /Dc/, National Rural Utilities Cooperative Finance Corp /Dc/

SURVIVOR'S OPTION. If the Survivor’s Option is applicable to this Note, the Representative (defined below) of a deceased beneficial owner of this Note shall be entitled to repayment of this Note following the death of the beneficial owner (a “Survivor’s Option”). Unless specifically provided on the face of this Note, the Survivor’s Option may not be exercised unless the Note was acquired by the beneficial owner at least six months prior to such election. If the Survivor’s Option is applicable to this Note, upon the valid exercise of the Survivor’s Option, the Company shall repay the Note (or portion thereof), properly tendered for repayment by or on behalf of the person (the “Representative”) that has authority to act on behalf of the deceased, beneficial owner of a Note under the laws of the appropriate jurisdiction (including, without limitation, the personal representative or executor of the deceased beneficial owner or the surviving joint owner with the deceased beneficial owner) ), at a price equal to 100% of the amortized principal amount of the deceased beneficial owner’s beneficial interest in such Note plus accrued and unpaid interest to the date of such repayment, subject to the following limitations:

Appears in 2 contracts

Samples: National Rural Utilities Cooperative Finance Corp /Dc/, National Rural Utilities Cooperative Finance Corp /Dc/

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SURVIVOR'S OPTION. If the Survivor’s Option is applicable to this Note, the Representative (defined below) of a deceased beneficial owner of this Note shall be entitled to repayment of this Note following the death of the beneficial owner (a “Survivor’s Option”). Unless specifically provided on the face of this Note, the Survivor’s Option may not be exercised unless the Note was acquired by the beneficial owner at least six months prior to such election. If the Survivor’s Option is applicable to this Note, upon the valid exercise of the Survivor’s Option, the Company shall repay the Note (or portion thereof), properly tendered for repayment by or on behalf of the person (the “Representative”) that has authority to act on behalf of the deceased, beneficial owner of a Note under the laws of the appropriate jurisdiction (including, without limitation, the personal representative or executor of the deceased beneficial owner or the surviving joint owner with the deceased beneficial owner) (the “Representative”) at a price equal to 100% of the amortized principal amount of the deceased beneficial owner’s beneficial interest in such Note plus accrued and unpaid interest to the date of such repayment, subject to the following limitations:

Appears in 2 contracts

Samples: National Rural Utilities Cooperative Finance Corp /Dc/, National Rural Utilities Cooperative Finance Corp /Dc/

SURVIVOR'S OPTION. If so specified in the Survivor’s Option is applicable to this NotePricing Supplement, the Representative (defined below) of a deceased beneficial owner of this Note a Debt Obligation shall be entitled have the option to repayment elect to require repayment, in whole or from time to time in part, of this Note such Debt Obligation following the death of the beneficial owner (a "Survivor’s 's Option"). Unless specifically provided on the face of this Note, the The Survivor’s 's Option may not be exercised unless the Note Debt Obligation was acquired by the beneficial owner at least six months prior to such electionthe trustee's receipt of written request for repayment as provided below. If the Survivor’s 's Option is applicable to this Notea Debt Obligation, upon the valid exercise of the Survivor’s 's Option, the Company Issuer shall repay the Note Debt Obligation (or portion thereof), properly tendered for repayment by or on behalf of the person (the "Representative") that has authority to act on behalf of the deceased, deceased beneficial owner of a Note Debt Obligation under the laws of the appropriate jurisdiction (including, without limitation, the personal representative or executor of the deceased beneficial owner or the surviving joint owner with of the deceased beneficial owner) at a price equal to 100% of the principal amount of the deceased beneficial owner’s 's beneficial interest in such Note Debt Obligation plus accrued and unpaid interest to the date of such repayment, subject to the following limitations:

Appears in 1 contract

Samples: Lehman Brothers Holdings Inc

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