Common use of Repurchase Upon Holder’s Election Clause in Contracts

Repurchase Upon Holder’s Election. Subject to subsection (c) below, a Holder may request the Company to repurchase, in whole and not in part, the Security held by such Holder by delivering a Repurchase Request to the Company. Any such requested repurchase shall be made only at the Company’s discretion and, if made, will be subject to an early Repurchase Penalty to be deducted from the payment of such Holder’s Repurchase Price on the Repurchase Date. The early repurchase penalty (the “Repurchase Penalty”) shall equal the following: (i) with respect to a Security with a three month maturity, the interest accrued on a simple interest basis on such Security from the Issue Date to the Repurchase Date at the existing interest rate thereof, but not to exceed three months of simple interest on such Security, or (ii) with respect to a Security with a maturity of six months or longer, the interest accrued on a simple interest basis on such Security from the Issue Date to the Repurchase Date at the existing interest rate thereof, but not to exceed six months of simple interest on such Security.

Repurchase Upon Holder’s Election. Subject to subsection (c) below, a Holder may request the Company to repurchase, in whole and not in part, the Security held by such Holder by delivering a Repurchase Request to the Company. Any such requested repurchase shall be made only at the Company’s 's discretion and, if made, will be subject to an early Repurchase Penalty to be deducted from the payment of such Holder’s 's Repurchase Price on the Repurchase Date. The early repurchase penalty (the “Repurchase "REPURCHASE Penalty”") shall equal the following: (i) with respect to a Security with a three month maturity, the interest accrued on a simple interest basis on such Security from the Issue Date to the Repurchase Date at the existing interest rate thereof, but not to exceed three months of simple interest on such Security, or (ii) with respect to a Security with a maturity of six months or longer, the interest accrued on a simple interest basis on such Security from the Issue Date to the Repurchase Date at the existing interest rate thereof, but not to exceed six months of simple interest on such Security.

Repurchase Upon Holder’s Election. Subject to subsection (c) below, a Holder may request the Company to repurchase, in whole and not in part, the Security held by such Holder by delivering a Repurchase Request to the Company. Any such requested repurchase shall be made only at the Company’s discretion and, if made, will be subject to ; provided that an early Repurchase Penalty to will be deducted from the payment of such Holder’s 's Repurchase Price on the Repurchase Date, unless the Repurchase Request is given pursuant to paragraph (a) above. The If a repurchase is requested pursuant to this subsection (b), then the early repurchase penalty (the “"Repurchase Penalty”") shall equal the following: (i) with respect to a Security with a three (3) month maturity, the interest accrued on a simple interest basis on such Security from the Issue Date to the Repurchase Date at the existing interest rate thereof, but not to exceed three (3) months of simple interest on such Security, or (ii) with respect to a Security with a maturity of six (6) months or longer, the interest accrued on a simple interest basis on such Security from the Issue Date to the Repurchase Date at the existing interest rate thereof, but not to exceed six (6) months of simple interest on such Security.

Repurchase Upon Holder’s Election. Subject to subsection (c) below, a Holder may request the Company to repurchase, in whole and not in part, the Security held by such Holder by delivering a Repurchase Request to the Company. Any such requested repurchase shall be made only at the Company’s 's discretion and, if made, will be subject to an early Repurchase Penalty to be deducted from the payment of such Holder’s 's Repurchase Price on the Repurchase Date. The early repurchase penalty (the “"Repurchase Penalty”") shall equal the following: (i) with respect to a Security with a three month maturity, the interest accrued on a simple interest basis on such Security from the Issue Date to the Repurchase Date at the existing interest rate thereof, but not to exceed three months of simple interest on such Security, or (ii) with respect to a Security with a maturity of six months or longer, the interest accrued on a simple interest basis on such Security from the Issue Date to the Repurchase Date at the existing interest rate thereof, but not to exceed six months of simple interest on such Security.