Retraction Request definition
Examples of Retraction Request in a sentence
In order to exercise the Retraction Call Right, CallCo must notify ExchangeCo of its determination to do so (the “CallCo Call Notice”) within five Business Days of notification to CallCo by ExchangeCo of the receipt by ExchangeCo of the Retraction Request.
If CallCo does not so notify ExchangeCo within such five Business Day period, then (i) ExchangeCo shall notify the holder as soon as possible thereafter that CallCo will not exercise the Retraction Call Right, and (ii) provided that the Retraction Request is not revoked by the holder in the manner specified in Section 6(8) hereof, ExchangeCo shall redeem the Retracted Shares on the Retraction Date in the manner otherwise contemplated in this Section 6.
In the event that CallCo does not deliver a CallCo Call Notice within such five Business Day period, and provided that the Retraction Request is not revoked by the holder in the manner specified in Section 6(8), ExchangeCo shall redeem the Retracted Shares on the Retraction Date and in the manner otherwise contemplated in this Section 6.