Common use of Exercise of Put Option Clause in Contracts

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 Any such notice shall be irrevocable and may not be withdrawn.