Common use of Trustee Notification Clause in Contracts

Trustee Notification. (i) The Company and, if different, the Callholder will promptly notify the Trustee in writing of the termination of the Call Option. The Trustee will promptly thereafter notify the holders of the Debentures that the Trustee, on behalf of such holders, is required to exercise the Put Option on the Applicable Coupon Reset Date. (ii) In anticipation of the exercise of the Call Option or the Put Option on the Applicable Coupon Reset Date, the Trustee shall notify the holders of the Debentures, not less than 30 days nor more than 60 days prior to the Applicable Coupon Reset Date, that all Debentures shall be delivered on the Applicable Coupon Reset Date through the facilities of the Depositary against payment of the Call Price by the Callholder under the Call Option or payment of the Put Price (as defined below) by the Company under the Put Option.