Examples of 'Survivor's Option in a sentence
Any Security (or portion thereof) accepted for repayment or repurchase pursuant to exercise of the Survivor's Option will be repaid or repurchased on the first Interest Payment Date to occur at least 20 calendar days after the date of acceptance.
An otherwise valid election to exercise the Survivor's Option may not be withdrawn.
CUSIP Number ISIN Number Principal Amount Selling Price Gross Concession Net Proceeds Coupon Type Coupon Rate Coupon Frequency Maturity Date 1st Coupon Date 1st Coupon Amount Survivor's Option Product Ranking 00000XXX0 US74348GTK66 $1,606,000.00 100.000% 1.250% $1,585,925.00 Fixed 7.000% Semi-Annual 8/15/2029 2/15/2025 $33.64 Yes Unsecured Notes Redemption Information: Callable at 100.000% on 2/15/2025 and every business day thereafter (“Optional Redemption Date”).
If the Survivor's Option is affirmatively specified on the face hereof, the Holder of the Security shall have the right to require the Company to repay a Security prior to its maturity date upon the death of the beneficial owner of the Security as described below.
CUSIP Number ISIN Number Principal Amount Selling Price Gross Concession Net Proceeds Coupon Type Coupon Rate Coupon Frequency Maturity Date 1st Coupon Date 1st Coupon Amount Survivor's Option Product Ranking 00000XXX0 US74348GTL40 $1,396,000.00 100.000% 2.200% $1,365,288.00 Fixed 7.250% Semi-Annual 8/15/2034 2/15/2025 $34.84 Yes Unsecured Notes Redemption Information: Callable at 100.000% on 2/15/2025 and every business day thereafter (“Optional Redemption Date”).