Common use of 100% Noteholder Exercise Clause in Contracts

100% Noteholder Exercise. Within the TTA Exercise Period a 100% Noteholder may, by (1) delivering to the Principal Paying Agent a TTA Option Notice and (2) paying the TTA Payment into the TTA Account, satisfy such Transaction Termination Amount on the Issuer’s behalf. As soon as practicable following receipt of the TTA Payment into the TTA Account, the Custodian will send the Calculation Agent a TTA Payment Receipt Notice.

Appears in 5 contracts

Sources: Multi Jurisdiction Repackaging Note Programme, Multi Jurisdiction Repackaging Note Programme, Multi Jurisdiction Repackaging Note Programme

100% Noteholder Exercise. Within the TTA Exercise Period a 100% Noteholder may, by by (1) delivering to the Principal Paying Agent a TTA Option Notice and (2) paying the TTA Payment into the TTA Account, satisfy such Transaction Termination Amount on the Issuer’s behalf. As soon as practicable following receipt of the TTA Payment into the TTA Account, the Custodian will send the Calculation Agent a TTA Payment Receipt Notice.

Appears in 1 contract

Sources: Base Prospectus