Examples of Call Option in a sentence
In connection with the exercise of the Clean-Up Call Option, VWFS shall ensure that all amounts outstanding under the Notes and any obligations ranking pari passu with or senior to the Notes in the Order of Priority are discharged in full.
After the existing Accounts are closed, VWFS shall be entitled to the sums remaining in the Distribution Account and the Cash Collateral Account together with the interests accrued thereof, provided that these were not required in relation to the Clean-Up Call Option.
The Clean-Up Call Option Settlement Amount shall be due on the Payment Date following the Clean-Up Call Option Notice and, for the purposes of the definition of Collections shall be treated as a Settlement Amount.
The Seller shall give one month prior written notice of its intention to require the exercise of the Clean-Up Call Option.
Such notice shall be published in accordance with Condition 11 (Notices) of the Notes (the "Clean-Up Call Option Notice") and, in addition shall be published in the Servicer Report.