BIE Option definition
BIE Option means an option permitting a BIE Eligible Noteholder to exchange its beneficial interests in the Assets securing its Notes for a beneficial interest in BIE Eligible New Assets on the terms set out in Base Condition 6.5.
BIE Option means an option permitting a BIE Eligible Noteholder to exchange its beneficial interests in the Assets securing its Notes for a beneficial interest in BIE Eligible New Assets on the terms set out in Condition 10.
Examples of BIE Option in a sentence
A Noteholder who is not a BIE Eligible Noteholder may not exercise the BIE Option.