Put Agent definition
Examples of Put Agent in a sentence
If such right is properly exercised, the applicable Debentures will be distributed to the Put Agent, who shall be the Collateral Agent, and the Put Agent will then exercise the Put Option related thereto on behalf of the holder.
Each holder of QUIPS will have the right to require the Trust to distribute Debentures having an aggregate principal amount equal to the aggregate Liquidation Amount of such QUIPS to the Put Agent (as defined in the Indenture), on the Stock Purchase Date (as defined in the Indenture), in exchange for such QUIPS, in connection with the concurrent exercise by the Put Agent on behalf of each such holder of the Debenture Put Option (as defined in the Indenture) related thereto.
Promptly after receiving such notification, the Collateral Agent, on behalf of such Holder, shall, as Put Agent, exercise the Debenture Put Option with respect thereto.
Pursuant to the aforementioned exercise of the right to require the Trust to distribute to the Put Agent Debentures in exchange for such number of QUIPS, the undersigned hereby directs the Property Trustee to take any actions necessary to effect the exchange of such number of QUIPS for such principal amount of Debentures.
The Collateral Agent shall also act as Put Agent on behalf of the Holders set forth in Section 4.
In connection therewith, the Unit Agent hereby authorizes the Collateral Agent, acting as Put Agent to enter into and perform the Debenture Put Option as set forth in Section 4 on its behalf and on behalf of each of the Holders as attorney-in-fact.
Any Notification of Exercise shall be irrevocable from its receipt by the Put Agent.
Each holder of Securities or the Put Agent on behalf of such holder may exercise the Put Option related to such Securities by presenting and surrendering the certificate evidencing such Securities, at the Principal Office of the Trustee, with the form of "Notice of Exercise of Put Right" on the reverse side of the certificate completed and executed as indicated, by 10:00 a.m., New York City time, on the applicable Put Date.
If such right is properly exercised, the applicable Debentures will be distributed to an agent for the holder appointed by Debenture Issuer for such purpose (the "Put Agent", who shall, if the right is exercised on the Stock Purchase Date, be the Collateral Agent), and the Put agent will then exercise the Put Option related thereto on behalf of the holder.
The holder of this Security or the Put Agent on behalf of such holder may exercise the Put Option related to this Security by presenting and surrendering this Security, at the Principal Office of the Trustee, with the form of "Notice of Exercise of Put Right" on the reverse side of the certificate completed and executed as indicated, by 10:00 a.m., New York City time, on the applicable Put Date.