Common use of Rating Event Prepayment Option Clause in Contracts

Rating Event Prepayment Option. (a) Upon the occurrence of Rating Prepayment Event, each Debenture Holder shall have the right (but shall have no obligation) to require the Issuer, by issuing a written notice to the Issuer (“Rating Event Prepayment Notice”), to redeem immediately but no later than 90 (ninety) days from the date of the Rating Event Prepayment Notice all the Debentures held by such Debenture Holder, (“Rating Event Prepayment Option”).

Appears in 4 contracts

Samples: Debenture Trust Deed, Debenture Trust Deed, Debenture Trust Deed

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