Put Option Date definition
Examples of Put Option Date in a sentence
Purchaser shall use diligent good faith efforts to cause the execution or issuance of a Mitigation Agreement meeting conditions (a), (b) and (c) by December 31, 2009, and by the Put Option Date if Seller has provided written notice as set forth in this Section 2.6.1, and Purchaser shall promptly deliver a Put Expiration Notice to Seller following the execution or issuance of any such Mitigation Agreement.
The Borrower’s obligations under this Loan Agreement shall commence on the date of this Loan Agreement and shall continue until each Scheduled Put Option Date and until the payment of the principal, interest, and fees, if any, on the Loan are fully paid.
In the event that the Mitigation Agreement is not issued or executed by December 31, 2009 then, in the sole discretion of Seller, Seller may thereafter deliver written notice to Purchaser that should a Mitigation Agreement meeting conditions (a), (b) and (c) above be executed or issued by the Put Option Date, the Put Option shall expire effective upon the date of such Mitigation Agreement.
Payment in respect of any Certificate so deposited will be made, if the holder duly specified a bank account in the Conditional Put Option Notice to which payment is to be made, on the Conditional Put Option Date by transfer to that bank account and, in every other case, by cheque drawn on a Bank and mailed to the holder (or to the first named of joint holders) of such Note at its address appearing in the Register.
A Put Exercise Notice, once delivered, shall be irrevocable (and may not be withdrawn unless the Company consents to such withdrawal) and the Company shall redeem the Bonds the subject of any Put Exercise Notice delivered as aforesaid on the Put Option Date.