Conditions to Redemption or Repurchase. other than in the case of a redemption at maturity in accordance with Condition 4(a) (Scheduled redemption), the Issuer may redeem or repurchase the Notes (and give notice thereof to the Noteholders) only if such redemption or repurchase is in accordance with the Applicable Banking Regulations (if applicable) and it has been granted the permission of the Resolution Authority (if required based on the Applicable Banking Regulations). Any refusal by the Resolution Authority (if required) to grant its approval or permission as described above will not constitute an event of default under the Notes.
Appears in 4 contracts
Samples: Agency Agreement, Supplemental Agency Agreement, Agency Agreement
