Exercise of Put Option. Each Paying Agent shall make available to Noteholders during the period specified in Condition 9(e) (Redemption at the option of Noteholders) for the deposit of Put Option Notices forms of Put Option Notice upon request during usual business hours at its Specified Office. Upon receipt by a Paying Agent of a duly completed Put Option Notice and, in the case of a Put Option Notice relating to Definitive Notes or Individual Note Certificates, such Definitive Notes and Individual Note Certificates in accordance with Condition 9(e) (Redemption at the option of Noteholders), such Paying Agent shall notify the Relevant Issuer and (in the case of a Paying Agent other than the Fiscal Agent) the Fiscal Agent thereof indicating the certificate or serial numbers (if any) and principal amount of the Notes in respect of which the Put Option is exercised. Any such Paying Agent with which a Definitive Note or Individual Note Certificate is deposited shall deliver a duly completed Put Option Receipt to the depositing Noteholder and shall hold such Definitive Note or Individual Note Certificate on behalf of the depositing Noteholder (but shall not, save as provided below or in the Conditions, release it) until the Optional Redemption Date (Put), when it shall present such Definitive Note or Individual Note Certificate to itself for payment of the redemption moneys therefor and interest (if any) accrued to such date in accordance with the Conditions and Clause 8 (Payments to Noteholders) and pay such amounts in accordance with the directions of the Noteholder contained in the Put Option Notice; provided, however, that if, prior to the Optional Redemption Date (Put), such Definitive Note or Notes evidenced by such Individual Note Certificate become immediately due and payable or upon due presentation of such Definitive Note or Individual Note Certificate payment of such redemption moneys is improperly withheld or refused, the relevant Paying Agent shall mail notification thereof to the depositing Noteholder at such address as may have been given by such Noteholder in the relevant Put Option Notice and shall, in the case of a Definitive Note, hold such Note at its Specified Office for collection by the depositing Noteholder against surrender of the relevant Put Option Receipt and, in the case of an Individual Note Certificate, mail such Note Certificate by uninsured post to, and at the risk of, the Noteholder at such address as may have been given by such Noteholder in the rel...
Exercise of Put Option. The Put Option may be exercised during the Put Option Period with respect to all or any portion of the Put Shares. Such option shall be exercised by such Holder giving notice to the Company and each other Holder during the Put Option Period of the Holder's election to exercise the Put Option, and the date of the Put Option Closing, which will be not less than fifteen (15) nor more than ninety (90) days after the date of such notice. The Company will provide each Holder desiring to exercise its Put Option the name and address of each other Holder. Notwithstanding the foregoing, if a Holder receives such notice of another Holder's exercise of such other Holder's Put Option, the Holder receiving such notice may elect to exercise its Put Option and designate a Put Option Closing simultaneous and pari passu with that of such other Holder.
Exercise of Put Option. In order to exercise the option contained in Condition 5(c) (Redemption on Change of Control) (the "Put Option"), the bearer of this Global Note must, within the period specified in the Conditions for the deposit of the relevant Note and put notice, give notice of such exercise to the Fiscal Agent, in accordance with the rules and procedures of Euroclear, Clearstream, Luxembourg and/or any other relevant clearing system, specifying the principal amount of Notes in respect of which the Put Option is being exercised. Any such notice shall be irrevocable and may not be withdrawn.
Exercise of Put Option. 3.1 The Master Trust, on behalf of the Sub-Trust, agrees that it shall, upon exercise of the option as provided in Section 3.2, purchase the Preferred Stock from Ambac Assurance for a purchase price equal to the Put Option Price, which Put Option Price shall be payable on the Put Option Payment Date in accordance with Section 4.
Exercise of Put Option. The Indenture Trustee, subject to the conditions set forth in § 9.01 of the Sale and Servicing Agreement, shall provide the Put Option Provider with a Notice of Exercise of Put Option no later than five Business Days prior to the Put Option Exercise Date.
Exercise of Put Option. If any Holder elects to exercise its Put Option, such Holder shall give notice to Parent and each other Holder of such Holder’s election to exercise the Put Option, specifying, among other things, the date on which the Put Option Closing (as hereinafter defined) shall occur, which date shall not be less than 30 days after the date of such notice. If a Holder receives such notice of another Holder’s exercise of such other Holder’s Put Option and the Put Option of the Holder receiving such notice is effective pursuant to Section 10.1 hereof, the Holder receiving such notice may elect to exercise its Put Option and designate a Put Option Closing simultaneous with that of such other Holder. Parent will provide each Holder desiring to exercise its Put Option with the name and address of each other Holder. Notwithstanding the foregoing, the right of each Holder to exercise its Put Option shall be an individual and separate right, and the exercise of any Put Option by any Holder shall not be conditioned upon the exercise by any other Holder of its Put Option. 10.4
Exercise of Put Option. If Xxxxxx Xxx elects to exercise its Put Option, it may give the Purchaser written notice of the election along with Xxxxxx Mae’s estimate of Fair Market Value at any time within sixty (60) days after the date on which Xxxxxx Xxx first has actual knowledge of the occurrence of an applicable Purchase Event. The Purchaser shall have a period of fifteen (15) days to reject Xxxxxx Mae’s estimate of Fair Market Value by notifying Xxxxxx Xxx in writing of such rejection, with a failure to so timely notify Xxxxxx Mae of such rejection shall be deemed an approval of Xxxxxx Mae’s estimate of Fair Market Value. In the event of such rejection, Xxxxxx Mae and Purchaser shall negotiate for a period not to exceed fifteen (15) additional days to reach agreement as to the purchase price for Xxxxxx Mae’s Put Interest. If the parties cannot reach agreement in such time period, then either party may elect to have such Put Interest appraised in accordance with the procedure outlined in Section 13.3 hereof. If neither party elects to have Xxxxxx Mae’s Put Interest appraised in accordance with Section 13.3 within ten (10) days of the failure of the parties to agree on the purchase price, then Xxxxxx Mae’s estimate of Fair Market Value shall be the purchase price for Xxxxxx Mae’s Put Interest. The amount of the purchase price for Xxxxxx Mae’s Put Interest (unless agreed upon by Xxxxxx Mae and the Purchaser within such thirty (30) days after Xxxxxx Mae’s notice to the Purchaser) shall be an amount equal to the amount which Xxxxxx Mae would have received had all of the assets of the Company, including the Properties, been sold at a price equal to the Fair Market Value of such property determined (1) as of the date the Purchaser receives notice of Xxxxxx Mae’s election to exercise the Put Option, and (2) as if the proceeds of the sale had been distributed pursuant to ARTICLE 11 of this Agreement, plus all actual out-of-pocket damages incurred by the Company or Xxxxxx Mae in connection with or arising as a result of the Purchase Event giving rise to the exercise of the Put Option, provided however, that in no event shall either party be liable for, or such purchase price be reduced by incidental, consequential, special or speculative damages.
Exercise of Put Option. In order to exercise the option contained in Condition 6(b) (Application for Redemption) (the "Put Option"), the Holder must, within the period specified in the Conditions for the deposit of the relevant Redemption Notice and Instruments, give written notice of such exercise to the Fiscal Agent in accordance with the rules and procedures of Euroclear, Clearstream, Luxembourg and/or any other relevant clearing system, specifying the number of Instruments in respect of which the early redemption option is being exercised. Any such notice shall be irrevocable and may not be withdrawn.
Exercise of Put Option. In order to exercise the option contained in Condition 5(e) (Optional Early Redemption (Put)) (the "Put Option"), the Holder must, within the period specified in the Conditions for the deposit of the relevant Covered Bond Certificate and Put Option Notice, give written notice of such exercise to the Fiscal Agent specifying the principal amount of Covered Bonds in respect of which the Put Option is being exercised. Any such notice shall be irrevocable and may not be withdrawn.
Exercise of Put Option. Executive (or a legal representative of Executive or Executive’s estate in the event of Disability or death) may elect to cause the LLC (or one or more of its assignees at the election of the LLC) to purchase all or any portion of the Unvested Securities by delivering written notice (the “Put Notice”) to the LLC within sixty (60) days after termination of Executive’s employment with the Company Parties. The Put Notice shall set forth the number, type and class of Unvested Securities to be acquired from each holder of Unvested Securities and the time and place for the closing of the transaction, which date shall not be more than thirty (30) days nor less than five (5) days after the delivery of such Put Notice; provided that the LLC or any other purchaser may elect to require that such Transfer be consummated effective as of the first day of the next succeeding month.
