Call Option Date definition
Examples of Call Option Date in a sentence
We hereby exercise our option contained in Clause 3.1 of the Secondary Put and Call Agreement, being the First Call Option in respect of [ ]% of the Residual Partnership Interest and hereby notify you that the First Call Option Date shall be [ ] and the First Call Option Price shall be [ ].
Call Option Date ---------------- The first Distribution Date following the date on which the Optional Termination may be exercised by the Servicer.
The Issuer will pay interest on this Note at a per annum rate equal to the lesser of (i) One-Month LIBOR plus ____%, provided any Payment Date after the Call Option Date, this rate shall be One-month LIBOR plus ____% and (ii) the Net Interest Rate.
If a Call Exercise Notice is delivered after 12:00 noon, New York City time, on the Call Option Date, then the Call Exercise Date may be any Business Day not less than three Business Days or greater than six Business Days after the Call Option Date.
Notwithstanding the second preceding sentence, the Servicer shall, on each Distribution Date, reduce its Servicing Fee for each of the Group II Loans to the extent necessary to maintain the Weighted Average Adjusted Net Mortgage Rate of the Loans in such Group at a rate no less than: (i) on or prior to the Call Option Date for so long as Equity One, Inc.