Bondholder Put Option definition
Bondholder Put Option means the option for Bondholders to require the Issuer to procure that a member of the Borrower Group purchases their Bonds following a breach of the Interest Cover Test, as described in Condition 9.10 (Bondholder Put Option);
Bondholder Put Option has the meaning given to it in Condition 9.4 (Bondholder Put Option);
Examples of Bondholder Put Option in a sentence
On the Put Option Date, the Issuer shall procure that a member of the Group purchases all Bonds of each Bondholder which has exercised the Bondholder Put Option at their principal amount plus an amount equal to accrued interest to (but excluding) the Put Option Date.
Any Bondholder shall have the option (the "Bondholder Put Option"), within 30 days of such notice, to give an irrevocable notice to the Issuer requiring the Issuer to procure that a member of the Group purchases, on the day falling 45 days after the date on which the Issuer gave its notice specified above (the "Put Option Date"), all of the Bondholder's remaining Bonds.