'Survivor's Option definition

'Survivor's Option means, where applicable, the right of a holder of a Note to require the Company to repay such Note prior to its Stated Maturity upon the death of the owner of such Note, subject to the provisions hereof relating to such option."

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'Survivor's Option. Unless this Agreement has been declared due and payable prior to the Maturity Date of the related Notes by reason of any Event of Default, or has been previously redeemed or otherwise repaid, the Agreement Holder may request repayment of this Agreement upon the valid exercise of the Survivor’s Option in the Notes by the Representative of the deceased Beneficial Owner of such Notes (a “Survivor’s Option”).

'Survivor's Option means the provision, if any, in the Notes permitting optional repayment of such Notes prior to maturity, if requested, following the death of the beneficial owner of such Notes, in accordance with the terms of the Notes.

Examples of 'Survivor's Option in a sentence

In the event that a Security (or any portion thereof) tendered for repayment or repurchase pursuant to valid exercise of the Survivor's Option is not accepted, the Trustee will deliver a notice by first-class mail to the registered Holder, at that ▇▇▇▇▇▇'s last known address as indicated in the Security register, that states the reason that the Security (or portion thereof) has not been accepted for repayment.
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.
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An otherwise valid election to exercise the Survivor's Option may not be withdrawn.
The Survivor's Option may not be exercised unless the Security was owned by the beneficial owner or the estate of that beneficial owner at least six months prior to such exercise.

More Definitions of 'Survivor's Option

'Survivor's Option. [ ] Yes (If yes, the attached Survivor's Option Rider is incorporated into this Note)

'Survivor's Option. The term "

'Survivor's Option. Authorized Denominations: (If other than as set forth in the Prospectus Supplement) Dual Currency Note: [ ] Yes (see attached) [ ] No Optional Payment Currency: Designated Exchange Rate: Base Rate: [ ] CD Rate [ ] Commercial Paper Rate [ ] Federal Funds Rate [ ] LIBOR Telerate [ ] LIBOR Reuters [ ] Treasury Rate [ ] Treasury Rate Constant Maturity [ ] Prime Rate [ ] Eleventh District Cost of Funds Rate [ ] Euribor [ ] Other (see attached) Index Maturity: Interest Reset Period or Interest Reset Dates: Interest Payment Dates: Accrue to Pay: [ ] Yes [ ] No

'Survivor's Option. As defined in Section 5.12(a).

'Survivor's Option has the meaning set forth in the Notes of a series.

'Survivor's Option. Yes/No Product Ranking: Optional Redemption: Yes/No Optional Redemption Dates: Redemption Prices: Redemption:

'Survivor's Option. [ ]Yes (If checked "Yes," the attached Survivor's Option Rider is incorporated into this Note. BANK OF AMERICA CORPORATION, a Delaware corporation (the "Corporation," which term includes any successor corporation under the Senior Indenture referred to on the reverse hereof), for value received, hereby promises to pay to CEDE & CO., as nominee for The Depository Trust Company, or its registered assigns, (i) ______________________ Dollars ($___________) and (ii) that amount or amounts of interest (the "Interest Payment Amount(s)") according to the terms of the attached Interest Payment Amount Rider.