Examples of Optional Call in a sentence
In addition to the conditions set forth in Section 1.1 of the Warrant Agent Agreement, the following conditions shall apply to any Optional Call.
In the event that the Purchaser fails to make such payment by such time (a "Purchase Default"), the sale shall be voided and the Optional Call will be deemed not to be effective with respect to such Distribution Date, and the Certificates and the Call Rights shall continue to remain outstanding.
In the event that the Purchaser fails to make such payment by such time (a "Purchase Default"), the sale shall be voided and the Optional Call will be deemed not to be effective with respect to such Distribution Date, and the Certificates and the Call Warrants shall continue to remain outstanding.
For the avoidance of doubt, no mark-to-market, loss amount (other than any Cash Settlement Amount described above) or other payments will be due and payable by Party A to Party B or by Party B to Party A upon the occurrence of an Early Termination Date in connection with an Optional Call.
Party A, in its sole and absolute discretion, may exercise its Optional Call to terminate the Transaction, in whole but not in part, on or after any Fixed Rate Payer Payment Date during the period from, and including, the day that is three years after the Effective Date and to, but excluding, the Termination Date (the date such option is exercised, the “Optional Call Date”) by giving not less than five Business Days' prior notice to Party B.