Callholder means the Operating Partnership. The Callholder may at any time assign its rights and obligations under its Call Option; provided, however, that (i) such rights and obligations are assigned in whole and not in part and (ii) it provides the Trustee and the Operating Partnership with notice of such assignment contemporaneously with such assignment. Morgxx Xxxnxxx & Xo. International Limited, a corporation organized under the laws of England ("Morgxx Xxxnxxx"), has made a payment to the Operating Partnership on the date hereof, which amount represents a reasonable payment for Morgxx Xxxxxxx'x xxxuiring the Call Option from the Operating Partnership. To this end, the Operating Partnership hereby assigns all its right, title and interest in, to and under the Call Option to Morgxx Xxxnxxx xxx Morgxx Xxxnxxx xxxeby assumes all the obligations and liabilities of the Operating Partnership under the Call Option. The Callholder, by giving notice to the Trustee (the "Call Notice"), has the right to purchase the aggregate principal amount of this security, in whole but not in part (the "Call Option"), on the Coupon Reset Date, at a price equal to 100% of the principal amount hereof (the "Call Price") (interest accrued to but excluding the Coupon Reset Date will be paid by the Operating Partnership on such date to the Holder hereof on the most recent Regular Record Date). The Call Notice shall be given to the Trustee, in writing, prior to 4:00 p.m., New York time, no later than fifteen calendar days prior to the Coupon Reset Date. The Call Notice must contain the requisite delivery details, including the identity of the Callholder's DTC account. The Call Notice may be revoked by the Callholder at any time prior to 2:00 p.m., New York time, on the Business Day prior to the Coupon Reset Date. If the Callholder exercises the Call Option, unless terminated in accordance with its terms, (i) not later than 2:00 p.m., New York Time, on the Business Day prior to the Coupon Reset Date, the Callholder will deliver the Call Price in immediately available funds to the Trustee for payment thereof to the holders of the REPS (including, if applicable, the Holder hereof) on the Coupon Reset Date and (ii) the Holder hereof will be required to deliver and will be deemed to have delivered this security to the Callholder against payment therefor on the Coupon Reset Date through the facilities of DTC. The Callholder is not required to exercise the Call Option, and no holder of the REPS or a...
Callholder. Bank of America, N.A., or any permitted assignee thereof.
Callholder has the meaning specified in Section 12.01(a).
Examples of Callholder in a sentence
Upon receipt of notice of assignment, the Trustee will treat the assignee as Callholder for all purposes hereunder.
Upon receipt of notice of assignment, the Trustee shall treat the assignee as Callholder under such Call Option for all purposes hereunder.
In addition, the Callholder may modify the settlement procedures set forth above in order to facilitate the settlement process.
The purchase price for the tendered Notes to be paid by the Callholder will equal 100% of the principal amount thereof.
If the Callholder elects to exercise the Call Option, the obligation of the Callholder to pay the Call Price and the corresponding obligation of the Holders to deliver the Securities of this series to the Callholder is subject to the automatic termination events described below.
More Definitions of Callholder
Callholder. Union Bank of Switzerland, London branch or the Operating Partnership as its permitted assignee.
Callholder means the remarketing agent granted the option under a REPS Remarketing Agreement to purchase this Note in the REPS Mode and subsequently remarket the repurchased Note at a REPS Coupon Reset Rate.
Callholder means the remarketing agent granted the option under a REPS Remarketing Agreement to purchase Notes in the REPS Mode and subsequently remarket the repurchased Notes at a REPS Interest Rate. "CD Rate" shall have the meaning specified in Section 206(b)(1) hereof. "CMT Rate" shall have the meaning specified in Section 206(b)(2) hereof. "Commercial Paper Term Mode" shall mean, with respect to any Note, the Interest Rate Mode in which the interest rate on such Note is reset on a periodic basis that shall not be less than one calendar day nor more than 364 consecutive calendar days and interest is paid as provided for such Interest Rate Mode in Section 204(e)(1) hereof. "Commercial Paper Term Period" shall mean, with respect to any Note, the Interest Rate Period in the Commercial Paper Term Mode that is a period of not less than one nor more than 364 consecutive calendar days, as determined by the Company or, if not so determined, by the Remarketing Agent for such Note (in its best judgment in order to obtain the lowest interest cost for the Note). Each Commercial Paper Term Period will commence on the Interest Rate Adjustment Date therefor and end on the day preceding the date specified by such Remarketing Agent as the first day of the next Interest Rate Period for the Notes. The interest rate for any Commercial Paper Term Period relating to any Note will be determined not later than 11:50 a.m., New York City time, on the Interest Rate Adjustment Date for the Note, which is the first day of each Interest Period for such Note.
Callholder means the remarketing agent granted the option under a REPS Remarketing Agreement to purchase Notes in the REPS Mode and subsequently remarket the repurchased Notes at a REPS Coupon Reset Rate.
Callholder means Union Bank of Switzerland, London Branch.
Callholder means the remarketing agent granted the option under a ROARS Remarketing Agreement to purchase this Note in the ROARS Mode and subsequently remarket the repurchased Note at a ROARS Coupon Reset Rate.