Noteholder Put Option Sample Clauses

Noteholder Put Option. If “Noteholder Put Option” is applicable, the Issuer must, upon valid exercise of a Noteholder Put Option by any Noteholder, redeem the Notes which are the subject of such exercise at their Put Redemption Amount on the Put Redemption Date in accordance with the relevant Exercise Notice. To exercise such option the Noteholder must, within the Noteholder Put Option Period, deposit each Exercised Note at the specified office of a Paying Agent or Transfer Agent, together with an Exercise Notice. An Exercised Note may not be withdrawn without the Issuer’s prior consent. Notwithstanding the foregoing, if at any time prior to the redemption of the Notes pursuant to this Base Condition 6.3(b), a Mandatory Redemption Event occurs, the Exercise Notice given pursuant to this Base Condition 6.3(b), shall be deemed to be void and the Notes shall be redeemed pursuant to the provisions of Base Condition 6.2.
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Noteholder Put Option. If "Noteholder Put Option" is applicable, the Issuer must, upon valid exercise of a Noteholder Put Option by any Noteholder, redeem the Notes which are the subject of such exercise at their Put Redemption Amount on the Put Redemption Date in accordance with the relevant Exercise Notice. To exercise such option the Noteholder must, within the Noteholder Put Option Period, deposit each Exercised Note at the specified office of a Paying Agent or Transfer Agent, together with an Exercise Notice. An Exercised Note may not be withdrawn without the Issuer’s prior consent. While a Global Note represents the Notes, such Exercise Notice must be given not less than 15 Business Days in advance of such redemption, unless otherwise specified.
Sample 1
Noteholder Put Option. At any time on or after September 7, 2021 (the “Put Effective Date”), the Holder may require that the Company prepay this Note, in whole or in part, by delivering a notice at least one hundred eighty (180) days prior to the requested prepayment date specified in such notice (each, a “Prepayment Date”) to the Company specifying the principal amount of this Note that the Holder is requesting be so prepaid and the requested date of such prepayment. Upon the Company’s receipt of such notice, the Company shall notify the Other Holders of such requested prepayment and Prepayment Date. If, within ten (10) Business Days of any Other Holder’s receipt of such notice from the Company, any Other Holder notifies the Company that such Other Holder is requiring that its Note also be prepaid in accordance with the terms specified in paragraph 5A(2) of such Other Holder’s Note, all such Notes to be prepaid shall be prepaid on such Prepayment Date (it being understood that this Note shall be prepaid on such Prepayment Date regardless of whether any Other Holder requires its Note to be prepaid). Promptly upon the Holder’s request, the Company shall provide during such ten (10) Business Day period the Holder with information regarding which Other Holders, if any, have provided such a prepayment notice to the Company and the amounts required to be prepaid in respect of such Other Holders’ Notes. Any such prepayment shall be made by the Company at a price equal to 100% of the outstanding principal amount of the applicable Notes requested to be so prepaid, together with accrued and unpaid interest on such Notes (including Accrued Interest) to, but not including, the date of such prepayment.
Sample 1
Noteholder Put Option. At any time on or after the third anniversary of the Closing, any holder of the Notes may require that the Company prepay the Notes held by such holder, in whole or in part, by delivering a written notice to the Company and each other holder of the Notes specifying the principal amount of the Notes that such holder is requesting be so prepaid. The prepayment shall be made by the Company on a date designated by the Company, which shall be not less than 30 days nor more than 60 days after the date such notice is received (provided that if no such date is designated by the Company, the prepayment date shall be the 25th Business Day following the date of such notice), at a price equal to 100% of the outstanding principal amount of such Notes requested to be so prepaid, together with accrued and unpaid interest on such Notes to, but not including, the date of such prepayment.
Sample 1
Noteholder Put Option. At any time on or after March 23, 2015, any holder of the Notes may require that the Company prepay the Notes held by such holder, in whole or in part, by delivering a written notice to the Company and each other holder of the Notes specifying the principal amount of the Notes that such holder is requesting be so prepaid. The prepayment shall be made by the Company on a date (a “Prepayment Date”) designated by the Company in a notice to all holders of Notes, which shall be not less than 10 days nor more than 30 days after the date such notice is received by the Company from such holder (provided, however, that if no such date is designated by the Company, the Prepayment Date shall be the 30th day following the date of such notice), at a price equal to 100% of the outstanding principal amount of such Notes requested to be so prepaid, together with accrued and unpaid interest on such Notes to, but not including, the date of such prepayment. If, within 10 Business Days of any other holder’s receipt of such notice from the Company, any holder or holders of Notes notifies the Company and each other holder of Notes that such holder is requiring that its Notes also be prepaid in accordance with the terms specified in this paragraph 5A(2), all such Notes to be prepaid shall be prepaid on such Prepayment Date.
Sample 1

Related to Noteholder Put Option

  • Noteholder Consent For any amendment to this Agreement or any other Transaction Document requiring the consent of the Noteholders, the Owner Trustee will notify the Indenture Trustee to request consent from the Noteholders and follow its reasonable procedures to obtain consent.

  • Performance Under Purchase Contracts The Company covenants and agrees for the benefit of the Holders from time to time of the Units that it will duly and punctually perform its obligations under the Purchase Contracts in accordance with the terms of the Purchase Contracts and this Agreement.

  • Noteholders Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

  • Noteholder Communications; Noteholder Actions (a) The rights of Holders to communicate with other Holders with respect to the Indenture or the Notes are as provided by the Trust Indenture Act, and the Company and the Trustee shall comply with the requirements of Trust Indenture Act Sections 312(a) and 312(b). Neither the Company nor the Trustee will be held accountable by reason of any disclosure of information as to names and addresses of Holders made pursuant to the Trust Indenture Act.

  • Notification to Noteholders and Certificateholders Upon any termination of, or appointment of a successor to, the Servicer pursuant to this Article VII, the Indenture Trustee shall give prompt written notice thereof to the Noteholders and the Depositor, who promptly shall provide such notice to the Rating Agencies, and the Owner Trustee shall give prompt written notice thereof to the Certificateholders.

  • Optional Purchase of All Trust Student Loans The Administrator shall notify the Servicer, the Depositor, the Issuer and the Indenture Trustee in writing, within 15 days after the last day of any Collection Period as of which the then outstanding Pool Balance is 12% or less of the Initial Pool Balance. The Indenture Trustee shall promptly forward a copy of such notice to each Noteholder of record. As of the last day of any Collection Period immediately preceding a Distribution Date as of which the then outstanding Pool Balance is 10% or less of the Initial Pool Balance, the Eligible Lender Trustee on behalf and at the direction of the Servicer, or any other “eligible lender” (within the meaning of the Higher Education Act) designated by the Servicer in writing to the Eligible Lender Trustee and the Indenture Trustee, shall have the option to purchase the Trust Estate, other than the Trust Accounts. To exercise such option, the Servicer shall deposit, pursuant to Section 2.6 above in the Collection Account an amount equal to the aggregate Purchase Amount for the Trust Student Loans plus an amount equal to all net forfeited Interest Subsidy Payments and Special Allowance Payments with respect to the Trust Student Loans (to the extent not included in the calculation of the Purchase Amount) and the related rights with respect thereto, plus the appraised value of any such other property held by the Trust other than the Trust Accounts, such value to be determined by an appraiser mutually agreed upon by the Servicer, the Eligible Lender Trustee and the Indenture Trustee, and shall succeed to all interests in and to the Trust; provided, however, that the Servicer may not effect such purchase if such aggregate Purchase Amounts do not equal or exceed the Minimum Purchase Amount plus any Carryover Servicing Fees. In the event the Servicer fails to notify the Eligible Lender Trustee and the Indenture Trustee in writing prior to the acceptance by the Indenture Trustee of a bid to purchase the Trust Estate pursuant to Section 4.4 of the Indenture that the Servicer intends to exercise its option to purchase the Trust Estate, the Servicer shall be deemed to have waived its option to purchase the Trust Estate as long as the Servicer has received five Business Days’ notice from the Indenture Trustee as provided in Section 4.4 of the Indenture.

  • Note Purchase Agreement The conditions precedent to the obligations of the Applicable Pass Through Trustees and the other requirements relating to the Aircraft and the Equipment Notes set forth in the Note Purchase Agreement shall have been satisfied.

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