Common use of Procedures to Exercise the Fundamental Change Repurchase Right Clause in Contracts

Procedures to Exercise the Fundamental Change Repurchase Right. (a) To exercise its Fundamental Change Repurchase Right for a Bond following a Fundamental Change, the Holder thereof must deliver to the Company: A. before the Close of Business on the Business Day immediately before the related Fundamental Change Repurchase Date (or such later time as may be required by law), a duly completed, written Fundamental Change Repurchase Notice with respect to such Bond; and B. such Bond, duly endorsed for transfer.