Examples of Option Exercise Date in a sentence
The payment of all or part of the Series A Sukuk through the Call Option by the Issuer to the Paying Agent on the Call Option Exercise Date is considered as redemption and/or repayment by the Issuer to the Series A Sukukholders for the Principal Amount of the Series A Sukuk after the funds are received by Series A Sukukholders via KSEI Account Holders, with due consideration to the Trustee Agreement.
No later than 1 Business Day after the Call Option Exercise Date, the Paying Agent will notify the Series A Sukukholders through Account Holder, Issuer, and Trustee regarding the exercise of the Call Option on Series A Sukuk, including in the event the Call Option is cannot feasibly exercised due to Issuer's inability or delay in providing good funds.
The Issuer must deposit monies to the Paying Agent corresponding to the nominal sum required to exercise the Call Option, which must be in good funds, no later than 1 Business Day before the Call Option Exercise Date.
The royalty rates set forth in Section 4.4.1 will not apply following the Co-Funding Option Exercise Date.
If the Call Option Exercise Date is not a Business Day, the payment for the Call Option on Series A Sukuk must be done on the following Business Day without the Issuer being subject to a late payment Penalty on of the Call Option on Series A Sukuk.