Common use of Closed Periods Clause in Contracts

Closed Periods. No PR Debt Instrument Holder may require the transfer of a Registered PR Debt Instrument to be registered or a Bearer PR Debt Instrument to be exchanged for a Registered PR Debt Instrument: (a) during the period of 15 days ending on the due date for any payment of principal or redemption amount on that PR Debt Instrument; (b) during the period of 15 days before any drawing of PR Debt Instruments for redemption under Condition 6.2; or (c) after any such PR Debt Instrument has been drawn for redemption in whole or in part.

Appears in 8 contracts

Samples: Terms and Conditions, Terms and Conditions, Terms and Conditions

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