DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 If the Issuer decides to redeem any Covered Bonds for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying Agent, and in the case of redemption of Registered Covered Bonds, the Registrar, stating the date on which the Covered Bonds are to be redeemed and the nominal amount of Covered Bonds to be redeemed, not less than 10 days before the date on which the Issuer will give notice to the Covered Bondholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions. 14.2 If some only of the Covered Bonds are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered Bonds, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds in global form, co-ordinate the selection of Covered Bonds to be redeemed with DTC, Euroclear and/or Clearstream, Luxembourg, all in accordance with the Terms and Conditions. 14.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered Bonds, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered Bonds.
Appears in 6 contracts
Samples: Agency Agreement, Agency Agreement, Supplemental Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before prior to their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give written notice of the such decision to the Bond Trustee and to the Principal Paying Agent, and in the case of redemption of Registered Covered Bonds, the Registrar, stating the date on which the Covered Bonds are to be redeemed and the nominal amount of Covered Bonds to be redeemed, Agent not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the such redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out undertake its duties in this Agreement obligations herein and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemedredeemed on such date, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered Bonds, shall make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds in global form, co-ordinate the selection of Covered Bonds to be redeemed with DTC, Euroclear and/or Clearstream, Luxembourg, all in accordance with the Terms and Conditionssuch drawing.
14.3 12.3 The Principal Paying Agent shall shall, at the expense of the Issuer, publish or cause to be published the notice notices required in connection with any such redemption and shall, if applicable, shall at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes previously drawn and not presented for redemption. The redemption notice Such notices shall specify (a) the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered Bondsredemption, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemedredeemed and (b) the fact, if applicable, that no exchange of a Global Note will be permitted during the period from and including the Selection Date to and including the date fixed for redemption. The notice Such notices will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents Agents, in the case of Bearer Covered Bonds Notes and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered BondsNotes, of any date fixed for redemption of any Covered BondsNotes.
12.4 Each Paying Agent will keep a stock of notices (each a Put Notice) in the form set out in Schedule 4 hereto and will make such notices available on demand to holders of Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of such option in accordance with the Conditions, the Paying Agent with which such Note is deposited shall hold such Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of such option, when, subject as provided below, it shall present such Note (and any such Coupons and Talons) to itself for payment of the amount due thereon together with any interest due on such date in accordance with the Conditions and shall pay such moneys in accordance with the directions of the Noteholder contained in the Put Notice. If, prior to such due date for its redemption, such Note becomes immediately due and payable or if upon due presentation payment of such redemption moneys is improperly withheld or refused, the Paying Agent concerned shall post such Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder unless the Noteholder has otherwise requested and paid the costs of such insurance to the relevant Paying Agent at the time of depositing the Notes at such address as may have been given by the Noteholder in the Put Notice (or, as the case may be, to the address appearing in the Register). At the end of each period for the exercise of such option, each Paying Agent shall promptly notify the Principal Paying Agent and, if any such option has been registered in respect of Registered Notes, the Registrar of the principal amount of the Notes in respect of which such option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify such details to the Issuer.
Appears in 5 contracts
Samples: Agency Agreement, Agency Agreement, Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the relevant Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date (if any) in accordance with the Terms and Conditions, the relevant Issuer shall give notice of the decision to the Bond Trustee and Trustee, the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the relevant Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the relevant Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the relevant Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuers.
Appears in 5 contracts
Samples: Agency Agreement, Agency Agreement, Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 (1) If the relevant Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the relevant Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying Agent, and in the case of redemption of Registered Covered Bonds, the Registrar, Agent stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the relevant Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 (2) If only some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the relevant Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the relevant Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTCEuroclear, Euroclear and/or Clearstream, Luxembourg, and/or the CMU Service, all in accordance with the Terms and Conditions.
14.3 (3) The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
(4) Each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. At the end of each period for the exercise of any put option, each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the relevant Issuer.
Appears in 4 contracts
Samples: Agency Agreement, Agency Agreement, Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentFiscal Agent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 30 nor more than 60 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Fiscal Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Fiscal Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee Guarantor reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee Guarantor shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or Clearstream, LuxembourgLuxembourg and/or DTC, all in accordance with the Terms Conditions. In case of DTC Notes, the Registrar shall select the Notes by lot or by such other method as the Registrar shall deem fair and Conditionsappropriate and otherwise in accordance with the procedures of DTC.
14.3 The Principal Paying 12.3 On behalf of and at the request and expense of the Issuer (failing which, the Guarantor), the Fiscal Agent shall publish the notice (on receipt of a copy of the same) required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Fiscal Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes. Where such notice relates to DTC Notes, the Registrar (on receipt of a copy of the notice) shall provide DTC with a copy of the notice.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Receipts, Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Receipts, Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Receipts, Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Fiscal Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Fiscal Agent shall promptly notify those details to the Issuer and the Guarantor.
12.5 Each of the Issuer and the Guarantor undertakes to deliver to the Fiscal Agent sufficient numbers of Put Notices to enable the Fiscal Agent to comply with its obligations under this Agreement.
Appears in 3 contracts
Samples: Fiscal Agency Agreement, Fiscal Agency Agreement, Fiscal Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 13.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before prior to their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give written notice of the such decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of the redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds such Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 5 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the such redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out undertake its duties in this Agreement obligations herein and in the Terms and Conditions.
14.2 13.2 If some only of the Covered Bonds Notes are to be redeemedredeemed on such date, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsBearer Notes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the such drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the such drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds to be redeemed Notes with DTC, Euroclear and/or Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 13.3 The Principal Paying Agent shall publish or cause to be published the notice notices required in connection with any such redemption and shall, if applicable, shall at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice Such notices shall specify (a) the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsBearer Notes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered Bonds.redeemed and
Appears in 3 contracts
Samples: Agency Agreement, Agency Agreement, Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the Relevant Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Relevant Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Relevant Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Relevant Issuer and (in the Bond Trustee case of Guaranteed Notes) the Guarantor reasonable notice of the time and place proposed for the drawing and the Relevant Issuer and (if applicable the Bond Trustee Guarantor) shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTCEuroclear, Euroclear and/or Clearstream, LuxembourgLuxembourg and/or DTC, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Relevant Issuer and (in the case of Guaranteed Notes) the Guarantor.
Appears in 3 contracts
Samples: Agency Agreement, Agency Agreement, Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTCEuroclear, Euroclear and/or Clearstream, LuxembourgLuxembourg and/or DTC, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
Appears in 3 contracts
Samples: Agency Agreement, Agency Agreement, Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 If the Issuer Trustee decides to redeem any Covered Bonds all of the Certificates for the time being outstanding before their Final Maturity prior to the Scheduled Dissolution Date in accordance with under Condition 10 (Capital Distributions of the Terms and ConditionsTrust), the Issuer it shall give notice of the decision to the Bond Trustee and the Principal Paying Agent, and in the case of redemption of Registered Covered Bonds, the Registrar, stating the date on which the Covered Bonds are to be redeemed Registrar and the nominal amount of Covered Bonds to be redeemed, Delegate not less than 10 days five Business Days before the date on which the Issuer Trustee will give notice to the Covered Bondholders Certificateholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 If some only The Registrar will keep a stock of the Covered Bonds are Put Notices and will make them available on demand to be redeemedholders of definitive Certificates, the Principal Paying Agent shall, Conditions of which provide for redemption at the option of Certificateholders. Upon receipt of any Certificate deposited in the case exercise of Definitive Covered Bonds which are not N Covered Bonds, make the required drawing a put option in accordance with the Terms and Conditions Conditions, the Registrar shall hold the Certificate on behalf of the depositing Certificateholder (but shall give not, save as provided below, release it) until the Issuer and the Bond Trustee reasonable notice due date for redemption of the time and place proposed relevant Certificate consequent upon the exercise of the option, when, subject as provided below, it shall surrender the Certificate to itself for payment of the drawing and amount due together with any Periodic Distribution Amount due on the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case date of Covered Bonds in global form, co-ordinate the selection of Covered Bonds to be redeemed with DTC, Euroclear and/or Clearstream, Luxembourg, all redemption in accordance with the Terms Conditions and Conditions.
14.3 The Principal Paying Agent shall publish pay those moneys in accordance with the notice required directions of the Certificateholder contained in connection with any the relevant Put Notice. If, prior to the due date for its redemption, a Dissolution Event has occurred and is continuing or if the Certificate becomes immediately due and payable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar shall post the Certificate by uninsured post to, and shall, if applicable, at the same risk of, the relevant Certificateholder (unless the Certificateholder has otherwise requested and paid the costs of insurance to the Registrar at the time also publish a separate list of depositing the serial numbers of any Definitive Covered Bonds (except Certificates) at the address given by the Certificateholder in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) previously drawn and not presented for redemptionPut Notice. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in In the case of a partial redemption of Definitive Covered BondsCertificates, the serial numbers Registrar shall post a new Certificate in respect of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name balance of the relevant N Covered Bondholders) Certificates not redeemed to be redeemedthe registered holder. The notice will be published in accordance with At the Terms and Conditions. The end of each period for the exercise of any put option, the Registrar shall promptly notify the Principal Paying Agent will also notify Agent, the Bond Trustee Trustee, Majid Al Futtaim Properties and the other Paying Agents Guarantor of the face amount of the Certificates in respect of which the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered Bondsoption has been exercised together with their serial numbers.
Appears in 2 contracts
Samples: Agency Agreement, Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 13.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 13.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 13.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
13.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with, the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Receipts, Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Receipts, Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Receipts, Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 2 contracts
Samples: Agency Agreement, Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee Fiscal Agent and the Principal Paying Agent, and in the case of redemption of Registered Covered Bonds, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Fiscal Agent and, if applicable, and the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Fiscal Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Fiscal Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Fiscal Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices and Change of Control Exercise Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice or Change of Control Exercise Notice, as the case may be. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice or Change of Control Exercise Notice, as the case may be. In the case of a partial redemption of Notes, the Registrar shall, in accordance with the Conditions, post a new Note in respect of the balance of the Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Fiscal Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Fiscal Agent shall promptly notify those details to the Issuer.
Appears in 2 contracts
Samples: Agency Agreement (Autoliv Inc), Agency Agreement (Autoliv Inc)
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 If the Issuer Trustee decides to redeem any Covered Bonds all of the Certificates for the time being outstanding before their Final Maturity prior to the Scheduled Dissolution Date in accordance with the Terms and Conditionsunder Condition 10, the Issuer it shall give notice of the decision to the Bond Trustee and the Principal Paying Agent, and in the case of redemption of Registered Covered Bonds, the Registrar, stating the date on which the Covered Bonds are to be redeemed Registrar and the nominal amount of Covered Bonds to be redeemed, Delegate not less than 10 days five Business Days before the date on which the Issuer Trustee will give notice to the Covered Bondholders Certificateholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 If some only The Registrar will keep a stock of the Covered Bonds are Put Notices and will make them available on demand to be redeemedholders of definitive Certificates, the Principal Paying Agent shall, Conditions of which provide for redemption at the option of Certificateholders. Upon receipt of any Certificate deposited in the case exercise of Definitive Covered Bonds which are not N Covered Bonds, make the required drawing a put option in accordance with the Terms and Conditions Conditions, the Registrar shall hold the Certificate on behalf of the depositing Certificateholder (but shall give not, save as provided below, release it) until the Issuer and the Bond Trustee reasonable notice due date for redemption of the time and place proposed relevant Certificate consequent upon the exercise of the option, when, subject as provided below, it shall surrender the Certificate to itself for payment of the drawing and amount due together with any Periodic Distribution Amount due on the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case date of Covered Bonds in global form, co-ordinate the selection of Covered Bonds to be redeemed with DTC, Euroclear and/or Clearstream, Luxembourg, all redemption in accordance with the Terms Conditions and Conditions.
14.3 The Principal Paying Agent shall publish pay those moneys in accordance with the notice required directions of the Certificateholder contained in connection with any the relevant Put Notice. If, prior to the due date for its redemption, a Dissolution Event has occurred and is continuing or if the Certificate becomes immediately due and payable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar shall post the Certificate by uninsured post to, and shall, if applicable, at the same risk of, the relevant Certificateholder (unless the Certificateholder has otherwise requested and paid the costs of insurance to the Registrar at the time also publish a separate list of depositing the serial numbers of any Definitive Covered Bonds (except Certificates) at the address given by the Certificateholder in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) previously drawn and not presented for redemptionPut Notice. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in In the case of a partial redemption of Definitive Covered BondsCertificates, the serial numbers Registrar shall post a new Certificate in respect of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name balance of the relevant N Covered Bondholders) Certificates not redeemed to be redeemedthe registered holder. The notice will be published in accordance with At the Terms and Conditions. The end of each period for the exercise of any put option, the Registrar shall promptly notify the Principal Paying Agent will also notify Agent, the Bond Trustee and DIB of the other Paying Agents face amount of the Certificates in respect of which the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered Bondsoption has been exercised together with their serial numbers.
Appears in 2 contracts
Samples: Agency Agreement, Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the relevant Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the relevant Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the relevant Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the relevant Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the relevant Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the relevant Issuer.
Appears in 2 contracts
Samples: Agency Agreement, Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall shall, at the expense of the Issuer, publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 2 contracts
Samples: Agency Agreement, Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date (if any) in accordance with the Terms and relevant Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and relevant Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and relevant Conditions.
14.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and relevant Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTCEuroclear, Euroclear and/or Clearstream, LuxembourgLuxembourg and/or DTC, all in accordance with the Terms and relevant Conditions.
14.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and relevant Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
14.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the relevant Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the relevant Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the relevant Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the relevant Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 2 contracts
Samples: Agency Agreement, Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 (1) If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 (2) If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds in global formGlobal Notes, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTCEuroclear, Euroclear and/or Clearstream, LuxembourgLuxembourg and/or DTC, all in accordance with the Terms and Conditions.
14.3 (3) The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
(4) The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which it has received Put Notices together with the serial numbers of any Definitive Notes deposited with it and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 2 contracts
Samples: Agency Agreement, Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 If the Issuer decides to redeem any Covered Bonds for the time being outstanding before their Final Maturity Date in accordance with the Terms and ConditionsConditions (other than as a consequence of an Issuer Event of Default or an LLP Event of Default), the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying Agent, and in the case of redemption of Registered Covered Bonds, the Registrar, stating the date on which the Covered Bonds are to be redeemed and the nominal amount of Covered Bonds to be redeemed, not less than 10 five (5) days before the date on which the Issuer will give notice to the Covered Bondholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 If some only of the Covered Bonds are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered Bonds, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds in global form, co-co- ordinate the selection of Covered Bonds to be redeemed with DTC, Euroclear and/or Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 The Principal Paying Agent shall shall, at the cost of the Issuer, publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except in the case of an N Covered Bonds, Bond where it shall specify the name of the relevant N Covered BondholdersBondholder) previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered Bonds, the serial numbers of the Covered Bonds (except in the case of an N Covered Bonds, Bond where it shall specify the name of the relevant N Covered BondholdersBondholder) to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent Registrar and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered Bonds.
Appears in 2 contracts
Samples: Agency Agreement, Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and Trustee, the Principal Paying Agent, Agent and in the case of redemption of Registered Covered Bonds, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, and the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds in global formGlobal Notes, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTCEuroclear, Euroclear and/or Clearstream, LuxembourgLuxembourg and/or DTC, all in accordance with the Terms Conditions. In the case of Notes cleared through DTC, the Principal Paying Agent shall select the Notes by lot or by such other method as the Principal Paying Agent shall deem fair and Conditionsappropriate and otherwise in accordance with the procedures of DTC.
14.3 The Principal Paying Agent shall publish the notice (on receipt of a copy of the same) required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes. Where such notice relates to Notes cleared through DTC, the Principal Paying Agent (on receipt of a copy of the notice) shall provide DTC with a copy of the notice.
14.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Notes, the Registrar shall, in accordance with the Conditions, post a new Note in respect of the balance of the Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall as soon as reasonably practicable notify the Principal Paying Agent of the nominal amount of the Notes in respect of which it has received Put Notices together with the serial numbers of any Definitive Notes deposited with it and the Principal Paying Agent shall as soon as reasonably practicable notify those details to the Issuer.
Appears in 2 contracts
Samples: Agency Agreement, Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the relevant Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the such Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying Agent, and with a copy to the Guarantor and, in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the relevant Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the relevant Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the relevant Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to the Notes and deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured, Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the relevant Issuer and the Guarantor.
Appears in 2 contracts
Samples: Agency Agreement, Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 If the Issuer decides to redeem any Covered Bonds for the time being outstanding before their Final Maturity Date If, in accordance with the Terms and Conditions, all the Issuer Certificates in a Series are to be redeemed before their Scheduled Dissolution Date, the Trustee shall give notice of the decision thereof to the Bond Trustee and the Principal Paying Agent, and in the case of redemption of Registered Covered Bonds, the Registrar, Registrar stating the date on which the Covered Bonds such Certificates are to be redeemed and no later than the nominal amount of Covered Bonds to be redeemed, not less than 10 days before the latest date on which the Issuer Trustee will give notice of such redemption to the Covered Bondholders relevant Certificateholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in under this Agreement and in under the Terms and Conditions.
14.2 If some only of the Covered Bonds are to be redeemedEach Paying Agent, the Registrar and Transfer Agent will keep a stock of (if the Certificateholder Put Option is specified as being applicable in the Final Terms pertaining to a Series) Certificateholder Put Option Notices and/or Tangibility Event Put Option Notices and will make them available on demand to holders of Certificates of such Series. The Principal Paying Agent shallto which notice is given in a valid exercise of any Certificateholder Put Option or Tangibility Event Put Option shall hold each relevant Definitive Certificate (but shall not, in save as provided below, release it) until the case relevant Dissolution Date, when, subject as provided below, it shall present the Definitive Certificate to itself for payment of Definitive Covered Bonds which are not N Covered Bonds, make the required drawing applicable amount due on the relevant Dissolution Date in accordance with the Terms Conditions and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds in global form, co-ordinate the selection of Covered Bonds to be redeemed with DTC, Euroclear and/or Clearstream, Luxembourg, all pay those moneys in accordance with the Terms and Conditions.
14.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list directions of the serial numbers of any Definitive Covered Bonds (except Certificateholder contained in the Certificateholder Put Option Notice or the Tangibility Event Put Option Notice, as the case of N Covered Bonds, where it shall specify may be. If any such Definitive Certificate so deposited becomes immediately due and payable before the name due date for its redemption or exercise of the relevant N Covered Bondholders) previously drawn and not presented for redemption. The redemption notice shall specify early dissolution right, or if upon due presentation payment of the date fixed for redemptionamount due is improperly withheld or refused or exercise of an early dissolution right is improperly denied, the redemption amountAgent concerned shall mail such Definitive Certificate by uninsured first class mail (airmail if overseas) to, and at the risk of, the manner relevant Certificateholder (unless the Certificateholder otherwise requests and pays the costs of such insurance or takaful in which redemption will be effected andadvance to the relevant Agent) to such address as may have been given by the Certificateholder in the relevant Certificateholder Put Option Notice or Tangibility Event Put Option Notice, as the case may be, or, where no address has been given, to the address appearing in the Register. In the case of a partial redemption of Certificates, the Registrar shall, in accordance with the Conditions, post a new Definitive Covered BondsCertificate in respect of the balance of the Certificates not redeemed to the relevant Certificateholder. At the end of each period for the exercise of any such early dissolution right, the Registrar shall promptly notify the Principal Paying Agent of the aggregate face amount of the Certificates in respect of which such early dissolution right has been exercised together with, if applicable, the serial numbers of any relevant Definitive Certificates and the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also shall promptly notify such details to the Bond Trustee Trustee, the Bank and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsDelegate.
Appears in 2 contracts
Samples: Agency Agreement, Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date (if any) in accordance with the Terms and relevant Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and relevant Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and relevant Conditions.
14.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and relevant Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTCEuroclear, Euroclear and/or Clearstream, LuxembourgLuxembourg and/or DTC, all in accordance with the Terms and relevant Conditions.
14.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and relevant Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
14.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the relevant Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the relevant Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the relevant Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the relevant Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 2 contracts
Samples: Agency Agreement, Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee Trustee, and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices and Change of Control Put Option Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with Conditions 7.4 and 7.5, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Receipts, Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Receipts, Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice or Change of Control Put Option Notice, as the case may be. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Receipts, Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice or Change of Control Put Option Notice, as the case may be. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date (if any) in accordance with the Terms and relevant Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and relevant Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and relevant Conditions.
14.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and relevant Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and relevant Conditions.
14.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and relevant Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
14.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the relevant Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the relevant Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the relevant Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the relevant Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the relevant Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the relevant Issuer shall give notice of the decision to the Bond Trustee and Trustee, the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the relevant Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the relevant Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the relevant Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Change of Control Notices and Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a change of control or put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Change of Control Notice or Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Change of Control Notice or Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any change of control option or put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the relevant Issuer and the Trustee.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 (1) If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying Agent, and in the case of redemption of Registered Covered Bonds, the Registrar, Agent stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 (2) If only some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTCEuroclear, Euroclear and/or Clearstream, Luxembourg, and/or the CMU Service, all in accordance with the Terms and Conditions.
14.3 (3) The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
(4) Each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. At the end of each period for the exercise of any put option, each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 If the Issuer decides intends to redeem any Covered Bonds Notes for the time being outstanding before prior to their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision such intention to the Bond Trustee and the Principal Paying Agent, Agent and in the case of redemption of Registered Covered Bonds, the Registrar, Trustee stating the date on which the Covered Bonds such Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, not less than 10 days redeemed a reasonable period of time before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the such redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out undertake its duties in this Agreement obligations herein and in the Terms and ConditionsConditions (if any notice is required to be given by the Principal Paying Agent as a consequence of a notice to it from the Issuer, such reasonable period of time shall be not less than 15 days).
14.2 If some only of the Covered Bonds Notes are to be redeemedredeemed on such date, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the such drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the such drawing and shall, in the case of Covered Bonds Notes in global formform or in the case of Book Entry Notes, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or Clearstream, LuxembourgLuxembourg and/or Interbolsa, all as the case may be, in accordance with the Terms and Conditions.
14.3 The Principal Paying Agent shall publish the notice required in connection with any such redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption Such notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The Such notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee other Agents and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, Trustee of any date fixed for redemption of any Covered BondsNotes.
14.4 Each Paying Agent will keep a stock of notices (“Put Notices”) in the form set out in Schedule 2 and will make such notices available on demand to holders of Definitive Notes or Book Entry Notes, the Terms and Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any such Note or, in the case of Book Entry Notes, any Certificate deposited in the exercise of such option in accordance with the Terms and Conditions, the Paying Agent with which such Note or Certificate is deposited shall hold such Note or Certificate (together with any Receipts, Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of such option, when, subject as provided below, it shall present such Note or Certificate (and any such unmatured Receipts, Coupons and Talons) to itself for payment of the amount due thereon together with any interest due on such date in accordance with the Terms and Conditions and shall pay such moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to such due date for its redemption, such Note becomes immediately due and repayable or if upon due presentation payment of such redemption moneys is improperly withheld or refused, the Paying Agent concerned shall post such Note or Certificate (together with any such Receipts, Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder, unless the Noteholder has otherwise requested and paid the costs of such insurance to the relevant Paying Agent at the time of depositing the Notes, at such address as may have been given by the Noteholder in the relevant Put Notice. At the end of each period for the exercise of such option, each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which such option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify such details to the Issuer and the Trustee.
Appears in 1 contract
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 9.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying Agent, and in the case of redemption of Registered Covered Bonds, the Registrar, Agent stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 9.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.Conditions.
14.3 9.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
9.4 Each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. At the end of each period for the exercise of any put option, each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 13.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 13.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTCEuroclear, Euroclear and/or Clearstream, LuxembourgLuxembourg and/or the CMU, all in accordance with the Terms and Conditions.
14.3 13.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
13.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with, the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Receipts, Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Receipts, Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Receipts, Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 13.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date (if any) in accordance with the Terms and relevant Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and relevant Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and relevant Conditions.
14.2 13.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and relevant Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or Clearstream, Luxembourg, all in accordance with the Terms and relevant Conditions.
14.3 13.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and relevant Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
13.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the relevant Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the relevant Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the relevant Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the relevant Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the relevant Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the relevant Issuer shall give notice of the decision to the Bond Trustee and Trustee, the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, not less redeemed at least 30 days and no more than 10 60 days before the relevant redemption date on which the Issuer will give notice to the Covered Bondholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the relevant Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the relevant Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices and Change of Control Put Event Notice and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with Condition 7.7 (Redemption and Purchases – Redemption at the option of the Issuer (Investor Put)) or Condition 7.8 (Redemption and Purchases – Redemption at the option of the Issuer (Change of Control Put)), as the case may be, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the relevant option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice or Change of Control Put Event Notice, as the case may be. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice or Change of Control Put Event Notice, as the case may be. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option pursuant to Condition 7.7 (Redemption and Purchases – Redemption at the option of the Issuer (Investor Put)) or Condition 7.8 (Redemption and Purchases – Redemption at the option of the Issuer (Change of Control Put)), as the case may be, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the relevant Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the relevant Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the relevant Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the relevant Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the relevant Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices and Change of Control Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice or Change of Control Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice or Change of Control Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the relevant Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 If the Issuer decides to redeem any Covered Bonds for the time being outstanding before their Final Maturity Date If, in accordance with the Terms and Conditions, all the Issuer Certificates in a Series are to be redeemed before their Maturity Date, the Trustee shall give notice of the decision thereof to the Bond Trustee and the Principal Paying Agent, Agent and in the case of redemption of Registered Covered Bonds, the Registrar, Registrar stating the date on which the Covered Bonds such Certificates are to be redeemed and the nominal aggregate face amount of Covered Bonds Certificates to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer Trustee will give notice to the Covered Bondholders relevant Certificateholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, and the Registrar to carry out its their duties in this Agreement and in the Terms and Conditions.
14.2 If some only of the Covered Bonds Certificates are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsIndividual Certificates, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Certificates in global form, co-ordinate the selection of Covered Bonds Certificates to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Individual Certificates previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsIndividual Certificates, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Individual Certificates to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsCertificates.
14.4 Each Paying Agent will keep a stock of Individual Certificate Put Notices and will make them available on demand to holders of Individual Certificates, the Conditions of which provide for redemption at the option of the Certificateholders. Upon receipt of any Individual Certificate deposited in the exercise of a put right in accordance with the Conditions, the Paying Agent with which the Individual Certificate is deposited shall hold the Individual Certificate on behalf of the depositing Certificateholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Individual Certificate consequent upon the exercise of the option, when, subject as provided below, it shall present the Individual Certificate to itself for payment of the amount due together with any Periodic Distribution Amounts due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Certificateholder contained in the relevant Individual Certificate Put Notice. Upon receipt of any Global Certificate Put Notice in respect of any Certificates represented by a Global Certificate or any Individual Certificate for the time being held in Euroclear and Clearstream, the Principal Paying Agent will, where the Certificates are represented by a Global Certificate present or procure the presentation of the relevant Global Certificate to itself for notation accordingly on the due date of redemption in accordance with the Conditions and shall, on that date, pay those moneys in accordance with the directions of the Certificateholder contained in the relevant Global Certificate Put Notice. Upon receipt of any Global Certificate Put Notice in respect of any Individual Certificate for the time being held in Euroclear and Clearstream, the Principal Paying Agent will on the due date of redemption in accordance with the Conditions pay the relevant redemption moneys in accordance with the directions of the Certificateholder contained in the relevant Global Certificate Put Notice. If, prior to the due date for its redemption, a Dissolution Event has occurred and is continuing or the Certificate becomes immediately due and payable or if upon due presentation payment of the Optional Redemption Amount is improperly withheld or refused, the Paying Agent concerned shall (in the case of an Individual Certificate) post the Individual Certificate by uninsured post to, and at the risk of, the relevant Certificateholder (unless the Certificateholder has otherwise requested and paid the costs of insurance to the relevant Paying Agent at the time of depositing the Individual Certificates) at the address given by the Certificateholder in the relevant Individual Certificate Put Notice. In the case of a partial redemption of Individual Certificates, the Registrar shall, in accordance with the Conditions, post a new Individual Certificate in respect of the balance of the Individual Certificate not redeemed to the registered holder. At the end of each period for the exercise of such redemption right by Certificateholders, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the aggregate face amount of the Certificates in respect of which the Certificateholders have exercised such redemption right together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Trustee, the Delegate and the Service Agent. At the end of each period for such exercise under Condition 12.4 (Redemption at the Option of the Certificateholders (Put Right)) or Condition 12.5 (Redemption at the Option of the Certificateholders (Tangibility Event)), as applicable, each Paying Agent shall promptly notify the Principal Paying Agent of the face amount of the Certificates in respect of which Put Notices have been delivered to it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Trustee, the Delegate and the Service Agent.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, Luxembourg all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 13.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and Trustee, the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 13.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds in global form, co-ordinate the selection of Covered Bonds to be redeemed with DTC, Euroclear and/or Clearstream, Luxembourg, all in accordance with the Terms and Conditions.the
14.3 13.3 The Principal Paying Agent shall at the expense of the Issuer publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
13.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the relevant Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before prior to their Final Maturity Date in accordance with the Terms and Conditions, the relevant Issuer shall give notice of the such decision to the Bond Trustee and the Principal Paying Agent. the Trustee and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds such Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the relevant Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the such redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out undertake its duties in this Agreement obligations herein and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemedredeemed on such date, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes in definitive form, make the required drawing in accordance with the Terms and Conditions but shall give the relevant Issuer and the Bond Trustee reasonable notice of the time and place proposed for the such drawing and the relevant Issuer and the Bond Trustee shall be entitled to send representatives to attend the such drawing and the relevant Issuer shall, in the case of Covered Bonds Notes in global form, co-ordinate coordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall publish the notice required in connection with any such redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption Such notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The Such notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee other Agents and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, Trustee of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of notices (Put Notices) in the form set out in Schedule 2 and will make such notices available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any such Note deposited in the exercise of such option in accordance with the Conditions, Registrar or, as the case may be, the Paying Agent with which such Note is deposited shall hold such Note (together with any Receipts, Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of such option, when, subject as provided below, it shall present such Note (and any such unmatured Receipts, Coupons and Talons) to itself for payment of the amount due thereon together with any interest due on such date in accordance with the Conditions and shall pay such moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to such due date for its redemption, an Event of Default has occurred and is continuing or such Note becomes immediately due and repayable or if upon due presentation payment of such redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post such Note (together with any such Receipts, Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder, unless the Noteholder has otherwise requested and paid the costs of such insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes, at such address as may have been given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of such option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which such option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify such details to the relevant Issuer and the Trustee. Where Notes are represented by Global Notes, exercise of any such option to redeem will be made in accordance with the provisions of such Global Notes and the rules and procedures of Euroclear and Clearstream, Luxembourg.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 13.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and Trustee, the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 13.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer Issuer, the Guarantor and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer Issuer, the Guarantor and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 13.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
13.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer and the Trustee.
Appears in 1 contract
Samples: Supplemental Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 13.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date (if any) in accordance with the Terms and relevant Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and relevant Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and relevant Conditions.
14.2 13.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and relevant Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or Clearstream, Luxembourg, all in accordance with the Terms and relevant Conditions.
14.3 13.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and relevant Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
13.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the relevant Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the relevant Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the relevant Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the relevant Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 13.1 If the relevant Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before prior to their Final Maturity Date in accordance with the Terms and Conditions, the relevant Issuer shall give notice of the such decision to the Bond Trustee Principal Paying Agent and the Principal Paying Agent, and in the case of redemption of Registered Covered Bonds, the RegistrarTrustee, stating the date on which the Covered Bonds such Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, not less than 10 days one day before the latest date on which the relevant Issuer will is required to give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditionssuch redemption.
14.2 13.2 If some only of the Covered Bonds Notes are to be redeemedredeemed on such date, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes in definitive form, make the required drawing in accordance with the Terms and Conditions but shall give the relevant Issuer and the Bond Trustee reasonable notice of the time and place proposed for the such drawing and the relevant Issuer and the Bond Trustee shall be entitled to send representatives to attend the such drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTCEuroclear, Euroclear and/or Clearstream, LuxembourgLuxembourg and/or DTC, all in accordance with the Terms and Conditions.
14.3 13.3 The Principal Paying Agent shall publish the notice required in connection with any such redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption Such notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will w ill be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) to be redeemedNotes drawn for redemption. The Such notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee other Agents and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, Trustee of any date fixed for redemption of any Covered BondsNotes.
13.4 Each Paying Agent will keep a stock of notices (Put Notices) in the form set out in Schedule 2 and will make such notices available on demand to holders of Definitive Notes, the Conditions of w hic h provide for redemption at the option of Noteholders. Upon receipt of any such Note deposited in the exercise of such option in accordance with the Conditions, the Paying Agent with whom suc h Note is deposited shall hold such Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of such option, when, subject as provided below, it shall present such Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due thereon together with any interest due on such date in accordance with the Conditions and shall pay such moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to such due date for its redemption, an Event of Default has occurred and is continuing or such Note becomes immediately due and repayable or if upon due presentation payment of such redemption moneys is improperly withheld or refused, the Paying Agent concerned shall post such Note (together w ith any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder, unless the Noteholder has otherwise requested and paid the costs of such insurance to the relevant Paying Agent at the time of depositing the Notes, at such address as may have been given by the Noteholder in the relevant Put Notice. At the end of each period for the exercise of such option, each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which such option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify such details to the relevant Issuer and the Trustee. Holders of Global Notes will exercise any such option to redeem in accordance with the Conditions of the Notes as set out in the Trust Deed.
13.5 Upon receipt of any Note as set out above, the relevant Paying Agent shall (if such Paying Agent is not the Principal Paying Agent) inform the Principal Paying Agent who shall notify the relevant Issuer promptly after receiving such information.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 If the relevant Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the relevant Issuer shall give notice of the decision to the Bond Trustee and Trustee, the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the relevant Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsBearer Notes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer relevant Issuer, (where applicable) the Guarantors and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer relevant Issuer, (where applicable) any Guarantor and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTCEuroclear, Euroclear and/or Clearstream, Luxembourg, all Luxembourg in accordance with the Terms and Conditions.
14.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive bearer form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsBearer Notes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent and the Registrar (in the case of Definitive Registered Notes) will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
14.4 The Registrar and each Paying Agent will keep a stock of Investor Put Notices and Change of Control Put Notices and will make them available on demand to holders of Definitive Bearer Notes and Definitive Registered Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Investor Put Notice or Change of Control Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Investor Put Notice or Change of Control Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal nominal of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the relevant Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1
12.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and Trustee, the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Change of Control Notices and Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a change of control or put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Change of Control Notice or Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Change of Control Notice or Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any change of control option or put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer and the Trustee.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 13.1 If the Issuer decides to redeem any Covered Bonds for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall will give notice of the decision to the Bond Trustee and the Principal Paying AgentAgents, and in the case of redemption of Registered Covered Bonds, the Registrar, stating the date on which the Covered Bonds are to be redeemed and the nominal amount of Covered Bonds to be redeemed, not less than 10 days before the date on which the Issuer will give notice to the Covered Bondholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent Agents and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 13.2 If some only of the Covered Bonds are to be redeemed, the Principal Issuing and Paying Agent shallwill, in the case of Definitive Covered Bonds which are not N Covered Bonds, make the required drawing in accordance with the Terms and Conditions but shall will give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall will be entitled to send representatives to attend the drawing and shallwill, in the case of Covered Bonds in global form, co-co- ordinate the selection of Covered Bonds to be redeemed with DTCEuroclear, Euroclear DTC and/or Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 13.3 The Principal Issuing and Paying Agent shall will publish the notice required in connection with any redemption and shallwill, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) previously drawn and not presented for redemption. The redemption notice shall will specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered Bonds, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Issuing and Paying Agent will also notify the Bond Trustee and Trustee, the other Paying Agents in the case of Bearer Covered Bonds and Agents, the Registrar, the Transfer Agents and, if applicable, the Exchange Agent and the Transfer Agents, in the case of Registered Covered BondsAgent, of any date fixed for redemption of any Covered Bonds.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 13.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentFiscal Agent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 7 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Fiscal Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 13.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Fiscal Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-co- ordinate the selection of Covered Bonds Notes to be redeemed with DTCEuroclear, Euroclear and/or Clearstream, LuxembourgLuxembourg and/or DTC, all in accordance with the Terms and Conditions.
14.3 13.3 The Principal Paying Fiscal Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Fiscal Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
13.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Fiscal Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Fiscal Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 13.1 If the relevant Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the such Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying Agent, and with a copy to the Guarantor and, in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 30 days before the date on which the relevant Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 13.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the relevant Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the relevant Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTCEuroclear, Euroclear and/or Clearstream, LuxembourgLuxembourg and/or DTC, all in accordance with the Terms and Conditions.
14.3 13.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
13.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Receipts, Coupons and Talons relating to the Notes and deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Receipts, Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Receipts, Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the relevant Issuer and the Gxxxxxxxx.
Appears in 1 contract
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before prior to their Final Maturity Date (if any) in accordance with the Terms and Conditions, the Issuer shall give notice of the such decision to the Bond Trustee and the Principal Paying Agent, Agent and in the case of redemption of Registered Covered BondsNotes, the relevant Registrar, stating the date on which the Covered Bonds such Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the such redemption in order to enable the Principal Paying Agent and, and if applicable, the Registrar relevant Registrar, to carry out undertake its duties in this Agreement obligations herein and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemedredeemed on such date, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the such drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the such drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTCEuroclear, Euroclear and/or Clearstream, LuxembourgLuxembourg and/or DTC, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall publish the notice required in connection with any such redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption Such notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The Such notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrars and each Paying Agent will keep a stock of notices (Put Notices) in the form set out in Schedule 4 and will make such notices available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any such Note deposited in the exercise of such option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which such Note is deposited shall hold such Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of such option, when, subject as provided below, it shall present such Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due thereon together with any interest due on such date in accordance with the Conditions and shall pay such moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to such due date for its redemption, an Event of Default has occurred and is continuing or such Note becomes immediately due and repayable or if upon due presentation payment of such redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post such Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder, unless the Noteholder has otherwise requested and paid the costs of such insurance to the relevant Registrar or, as the case may be, Paying Agent at the time of depositing the Notes, at such address as may have been given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the relevant Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of such option, each Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which such option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify such details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 13.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and Trustee, the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 13.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds in global formGlobal Notes, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTCEuroclear, Euroclear and/or Clearstream, LuxembourgLuxembourg and/or DTC, all in accordance with the Terms Conditions. In the case of Notes cleared through DTC, the Registrar shall select the Notes by lot or by such other method as the Registrar shall deem fair and Conditionsappropriate and otherwise in accordance with the procedures of DTC.
14.3 13.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes. Where such notice relates to Notes cleared through DTC, the Registrar shall provide DTC with a copy of the notice.
13.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Receipts, Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Receipts, Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Receipts, Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which it has received Put Notices together with the serial numbers of any Definitive Notes deposited with it and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 If the Issuer decides to redeem any Covered Bonds for the time being outstanding before their Final Maturity Date 15.1 If, in accordance with the Terms and Conditions, all the Certificates are to be redeemed before their Scheduled Dissolution Date, the Issuer shall give notice of the decision thereof to the Bond Trustee Registrar, the Representative and the Principal Paying Agent, and in the case of redemption of Registered Covered Bonds, the Registrar, Agent stating the date (and the applicable Record Date) on which the Covered Bonds such Certificates are to be redeemed and the nominal amount of Covered Bonds to be redeemed, not less than 10 15 days before the date on which the Issuer will give notice of such redemption to the Covered Bondholders relevant Certificateholders in accordance with the Terms and Conditions of the redemption in order to enable the Registrar and the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in under this Agreement and in under the Terms and Conditions.
14.2 If some only 15.2 The Registrar will keep a stock of the Covered Bonds are Put Notices and will make them available on demand to be redeemedholders of Definitive Certificates, the Principal Paying Agent shallConditions of which provide for redemption at the option of Certificateholders following a Change of Control or Tangibility Event. Upon receipt of any Certificate deposited following the exercise of a Change of Control Put Right or Tangibility Event Put Right, in the case of Definitive Covered Bonds which are not N Covered Bondsas applicable, make the required drawing in accordance with the Terms and Conditions Conditions, the Registrar shall hold the Certificate on behalf of the depositing Certificateholder (but shall give not, save as provided below, release it) until the Issuer and the Bond Trustee reasonable notice due date for redemption of the time and place proposed relevant Certificate consequent upon the exercise of the relevant right, when, subject as provided below, it shall surrender the Certificate to itself for payment of the drawing and amount due together with any Periodic Distribution Amount due on the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case date of Covered Bonds in global form, co-ordinate the selection of Covered Bonds to be redeemed with DTC, Euroclear and/or Clearstream, Luxembourg, all redemption in accordance with the Terms Conditions and Conditions.
14.3 The Principal Paying Agent shall publish pay those moneys in accordance with the notice required directions of the Certificateholder contained in connection with any redemption the relevant Put Notice. If, prior to the due date for its redemption, a Dissolution Event has occurred and shallis continuing or if the Certificate becomes immediately due and payable or, if applicableupon due presentation, payment of the amount due is improperly withheld or refused, the Registrar shall post the Certificate by uninsured mail to, and at the same risk of, the relevant Certificateholder (unless the Certificateholder has otherwise requested and paid the costs of insurance to the Registrar at the time also publish a separate list of depositing the serial numbers of any Definitive Covered Bonds (except Certificates) at the address given by the Certificateholder in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) previously drawn and not presented for redemptionPut Notice. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in In the case of a partial redemption of Definitive Covered BondsCertificates, the serial numbers Registrar shall post a new Certificate in respect of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name balance of the relevant N Covered Bondholders) Certificates not redeemed to be redeemedthe registered holder. The notice will be published in accordance with At the Terms and Conditions. The end of the Change of Control Put Period or Tangibility Event Put Period, as applicable, the Registrar shall promptly notify the Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the RegistrarAgent, the Exchange Agent Issuer and Ziraat Katılım of the Transfer Agentsface amount of the Certificates in respect of which the Change of Control Put Right or Tangibility Event Put Right, in the case of Registered Covered Bondsas applicable, of any date fixed for redemption of any Covered Bondshas been exercised together with their serial numbers.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 If the Issuer decides to redeem any Covered Bonds for the time being outstanding before their Final Maturity Date If, in accordance with the Terms and Conditions, all the Issuer Certificates in a Series are to be redeemed before their Maturity Date, the Trustee shall give notice of the decision thereof to the Bond Trustee and the Principal Paying Agent, Agent and in the case of redemption of Registered Covered Bonds, the Registrar, Registrar stating the date on which the Covered Bonds such Certificates are to be redeemed and the nominal aggregate face amount of Covered Bonds Certificates to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer Trustee will give notice to the Covered Bondholders relevant Certificateholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, and the Registrar to carry out its their duties in this Agreement and in the Terms and Conditions.
14.2 If some only of the Covered Bonds Certificates are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsIndividual Certificates, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Certificates in global form, co-ordinate the selection of Covered Bonds Certificates to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Individual Certificates previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsIndividual Certificates, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Individual Certificates to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsCertificates.
14.4 Each Paying Agent will keep a stock of Individual Certificate Put Notices and will make them available on demand to holders of Individual Certificates, the Conditions of which provide for redemption at the option of the Certificateholders. Upon receipt of any Individual Certificate deposited in the exercise of a put right in accordance with the Conditions, the Paying Agent with which the Individual Certificate is deposited shall hold the Individual Certificate on behalf of the depositing Certificateholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Individual Certificate consequent upon the exercise of the option, when, subject as provided below, it shall present the Individual Certificate to itself for payment of the amount due together with any Periodic Distribution Amounts due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Certificateholder contained in the relevant Individual Certificate Put Notice. Upon receipt of any Global Certificate Put Notice in respect of any Certificates represented by a Global Certificate or any Individual Certificate for the time being held in Euroclear and Clearstream, the Principal Paying Agent will, where the Certificates are represented by a Global Certificate present or procure the presentation of the relevant Global Certificate to itself for notation accordingly on the due date of redemption in accordance with the Conditions and shall, on that date, pay those moneys in accordance with the directions of the Certificateholder contained in the relevant Global Certificate Put Notice. Upon receipt of any Global Certificate Put Notice in respect of any Individual Certificate for the time being held in Euroclear and Clearstream, the Principal Paying Agent will on the due date of redemption in accordance with the Conditions pay the relevant redemption moneys in accordance with the directions of the Certificateholder contained in the relevant Global Certificate Put Notice. If, prior to the due date for its redemption, a Dissolution Event has occurred and is continuing or the Certificate becomes immediately due and payable or if upon due presentation payment of the Optional Redemption Amount is improperly withheld or refused, the Paying Agent concerned shall (in the case of an Individual Certificate) post the Individual Certificate by uninsured post to, and at the risk of, the relevant Certificateholder (unless the Certificateholder has otherwise requested and paid the costs of insurance to the relevant Paying Agent at the time of depositing the Individual Certificates) at the address given by the Certificateholder in the relevant Individual Certificate Put Notice. In the case of a partial redemption of Individual Certificates, the Registrar shall, in accordance with the Conditions, post a new Individual Certificate in respect of the balance of the Individual Certificate not redeemed to the registered holder. At the end of each period for the exercise of such redemption right by Certificateholders, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the aggregate face amount of the Certificates in respect of which the Certificateholders have exercised such redemption right together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Trustee, the Delegate and the Service Agent. At the end of each period for such exercise under Condition 12.4 (Redemption at the Option of the Certificateholders (Put Right)) or Condition 12.5 (Redemption at the Option of the Certificateholders (Tangibility Event)), as applicable, each Paying Agent shall promptly notify the Principal Paying Agent of the face amount of the Certificates in respect of which Put Notices have been delivered to it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Trustee, the Delegate and the Service Agent.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 9.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying Agent, and in the case of redemption of Registered Covered Bonds, the Registrar, Agent stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 9.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 9.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
9.4 Each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. At the end of each period for the exercise of any put option, each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 13.1 If the relevant Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before prior to their Final Maturity Date in accordance with the Terms and Conditions, the relevant Issuer shall give notice of the such decision to the Bond Trustee Principal Paying Agent and the Principal Paying Agent, and in the case of redemption of Registered Covered Bonds, the RegistrarTrustee, stating the date on which the Covered Bonds such Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, not less than 10 days one day before the latest date on which the relevant Issuer will is required to give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditionssuch redemption.
14.2 13.2 If some only of the Covered Bonds Notes are to be redeemedredeemed on such date, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes in definitive form, make the required drawing in accordance with the Terms and Conditions but shall give the relevant Issuer and the Bond Trustee reasonable notice of the time and place proposed for the such drawing and the relevant Issuer and the Bond Trustee shall be entitled to send representatives to attend the such drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTCEuroclear, Euroclear and/or Clearstream, LuxembourgLuxembourg and/or DTC, all in accordance with the Terms and Conditions.
14.3 13.3 The Principal Paying Agent shall publish the notice required in connection with any such redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption Such notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) to be redeemedNotes drawn for redemption. The Such notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee other Agents and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, Trustee of any date fixed for redemption of any Covered BondsNotes.
13.4 Each Paying Agent will keep a stock of notices (Put Notices) in the form set out in Schedule 2 and will make such notices available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any such Note deposited in the exercise of such option in accordance with the Conditions, the Paying Agent with whom such Note is deposited shall hold such Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of such option, when, subject as provided below, it shall present such Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due thereon together with any interest due on such date in accordance with the Conditions and shall pay such moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to such due date for its redemption, an Event of Default has occurred and is continuing or such Note becomes immediately due and repayable or if upon due presentation payment of such redemption moneys is improperly withheld or refused, the Paying Agent concerned shall post such Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder, unless the Noteholder has otherwise requested and paid the costs of such insurance to the relevant Paying Agent at the time of depositing the Notes, at such address as may have been given by the Noteholder in the relevant Put Notice. At the end of each period for the exercise of such option, each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which such option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify such details to the relevant Issuer and the Trustee. Holders of Global Notes will exercise any such option to redeem in accordance with the Conditions of the Notes as set out in the Trust Deed.
13.5 Upon receipt of any Note as set out above, the relevant Paying Agent shall (if such Paying Agent is not the Principal Paying Agent) inform the Principal Paying Agent who shall notify the relevant Issuer promptly after receiving such information.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall shall, on behalf of the Issuer, publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, any applicable record date, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 9.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying Agent, and in the case of redemption of Registered Covered Bonds, the Registrar, Agent stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 9.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 9.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will w ill be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
9.4 Each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordanc e with the Conditions, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder ( but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. At the end of each period for the exercise of any put option, each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 If the Issuer decides to redeem any Covered Bonds for the time being outstanding before their Final Maturity Date If, in accordance with the Terms and Conditions, all the Issuer Certificates in a Series are to be redeemed before their Maturity Date, the Trustee shall give notice of the decision thereof to the Bond Trustee and the Principal Paying Agent, Agent and in the case of redemption of Registered Covered Bonds, the Registrar, Registrar stating the date on which the Covered Bonds such Certificates are to be redeemed and the nominal aggregate face amount of Covered Bonds Certificates to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer Trustee will give notice to the Covered Bondholders relevant Certificateholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, and the Registrar to carry out its their duties in this Agreement and in the Terms and Conditions.
14.2 If some only of the Covered Bonds Certificates are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsIndividual Certificates, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Certificates in global form, co-ordinate the selection of Covered Bonds Certificates to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Individual Certificates previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsIndividual Certificates, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Individual Certificates to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsCertificates.
14.4 Each Paying Agent will keep a stock of Individual Certificate Put Notices and will make them available on demand to holders of Individual Certificates, the Conditions of which provide for redemption at the option of the Certificateholders. Upon receipt of any Individual Certificate deposited in the exercise of a put right in accordance with the Conditions, the Paying Agent with which the Individual Certificate is deposited shall hold the Individual Certificate on behalf of the depositing Certificateholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Individual Certificate consequent upon the exercise of the option, when, subject as provided below, it shall present the Individual Certificate to itself for payment of the amount due together with any Periodic Distribution Amounts due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Certificateholder contained in the relevant Individual Certificate Put Notice. Upon receipt of any Global Certificate Put Notice in respect of any Certificates represented by a Global Certificate or any Individual Certificate for the time being held in Euroclear and Clearstream, the Principal Paying Agent will, where the Certificates are represented by a Global Certificate present or procure the presentation of the relevant Global Certificate to itself for notation accordingly on the due date of redemption in accordance with the Conditions and shall, on that date, pay those moneys in accordance with the directions of the Certificateholder contained in the relevant Global Certificate Put Notice. Upon receipt of any Global Certificate Put Notice in respect of any Individual Certificate for the time being held in Euroclear and Clearstream, the Principal Paying Agent will on the due date of redemption in accordance with the Conditions pay the relevant redemption moneys in accordance with the directions of the Certificateholder contained in the relevant Global Certificate Put Notice. If, prior to the due date for its redemption, a Dissolution Event has occurred and is continuing or the Certificate becomes immediately due and payable or if upon due presentation payment of the Optional Redemption Amount is improperly withheld or refused, the Paying Agent concerned shall (in the case of an Individual Certificate) post the Individual Certificate by uninsured post to, and at the risk of, the relevant Certificateholder (unless the Certificateholder has otherwise requested and paid the costs of insurance to the relevant Paying Agent at the time of depositing the Individual Certificates) at the address given by the Certificateholder in the relevant Individual Certificate Put Notice. In the case of a partial redemption of Individual Certificates, the Registrar shall, in accordance with the Conditions, post a new Individual Certificate in respect of the balance of the Individual Certificate not redeemed to the registered holder. At the end of each period for the exercise of such redemption right by Certificateholders, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the aggregate face amount of the Certificates in respect of which the Certificateholders have exercised such redemption right together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Trustee, the Delegate and the Service Agent. At the end of each period for such exercise under Condition 12.4 (Redemption at the Option of the Certificateholders (Put Right)) or Condition 12.5 (Redemption at the Option of the Certificateholders (Tangibility Event)), as applicable, each Paying Agent shall promptly notify the Principal Paying Agent of the face amount of the Certificates in respect of which Put Notices have been delivered to it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Trustee, the Delegate and the Service Agent.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 13.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and Trustee, the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement Agreement, in the Trust Deed and in the Terms and Conditions.
14.2 13.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing at a place and in a manner approved by the Trustee in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 13.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsBearer Notes or Registered Notes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name Notes or of the relevant N Covered Bondholders) Certificates representing the Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the relevant Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the relevant Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the relevant Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the relevant Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the relevant Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices and Change of Control Put Exercise Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided in this subclause 12.4, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice or Change of Control Put Exercise Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice or Change of Control Put Exercise Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the relevant Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 13.1 If the Issuer decides to redeem any Covered Bonds for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall will give notice of the decision to the Bond Trustee and the Principal Paying AgentAgents, and in the case of redemption of Registered Covered Bonds, the Registrar, stating the date on which the Covered Bonds are to be redeemed and the nominal amount of Covered Bonds to be redeemed, not less than 10 days before the date on which the Issuer will give notice to the Covered Bondholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent Agents and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 13.2 If some only of the Covered Bonds are to be redeemed, the Principal Paying Agent shallwill, in the case of Definitive Covered Bonds which are not N Covered Bonds, make the required drawing in accordance with the Terms and Conditions but shall will give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall will be entitled to send representatives to attend the drawing and shallwill, in the case of Covered Bonds in global form, co-ordinate the selection of Covered Bonds to be redeemed with DTCEuroclear, Euroclear DTC and/or Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 13.3 The Principal Paying Agent shall will publish the notice required in connection with any redemption and shallwill, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) previously drawn and not presented for redemption. The redemption notice shall will specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered Bonds, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and Trustee, the other Paying Agents in the case of Bearer Covered Bonds and Agents, the Registrar, the Transfer Agents and, if applicable, the Exchange Agent and the Transfer Agents, in the case of Registered Covered BondsAgent, of any date fixed for redemption of any Covered Bonds.
Appears in 1 contract
Samples: Agency Agreement (BMO Covered Bond Guarantor Limited Partnership)
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 (1) If the relevant Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the relevant Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying Agent, and in the case of redemption of Registered Covered Bonds, the Registrar, Agent stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the relevant Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 (2) If only some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the relevant Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the relevant Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTCEuroclear, Euroclear and/or Clearstream, Luxembourg, and/or the CMU Service, all in accordance with the Terms and Conditions.
14.3 (3) The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will w ill be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
(4) Each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordanc e with the Conditions, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder ( but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. At the end of each period for the exercise of any put option, each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the relevant Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date (if any) in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee Trustee, and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices (as defined in Condition 8.5 (Redemption at the option of the Noteholders (Investor Put))) and Event Put Notices (as defined in Condition 8.6 (Redemption at the option of the Noteholders upon the occurrence of a Put Event (Event Put Option))), in substantially the form set out in Schedule 2 (each a “Relevant Put Notice”), and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Definitive Note in bearer form deposited in the exercise of the Investor Put or Event Put Option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall:
(a) hold the Note (together with any Receipts, Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided in subclause 12.5 below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option; and
(b) if such note was deposited together with an Event Put Notice as contemplated in Condition 8.6 (Redemption at the option of the Noteholders upon the occurrence of a Put Event (Event
12.5 If, prior to the due date for the redemption of a Note deposited with the Registrar or a Paying Agent pursuant to subclause 12.4 above, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable, or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any related Receipts, Coupons and Talons deposited with it) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the Relevant Put Notice.
12.6 In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder.
12.7 At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer and the Trustee.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 11.1 If the Issuer Bank decides to redeem any Covered Bonds Notes for the time being outstanding before prior to their Final Maturity Date in accordance with the Terms and Conditions, the Issuer Bank shall give notice of the such decision to the Bond Trustee and the Principal Paying Agent, and in the case of redemption of Registered Covered Bonds, the Registrar, Fiscal Agent stating the date on which the Covered Bonds such Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer Bank will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the such redemption in order to enable the Principal Paying Fiscal Agent and, if applicable, the Registrar to carry out undertake its duties in this Agreement obligations herein and in the Terms and Conditions.
14.2 11.2 If some only of the Covered Bonds Notes are to be redeemedredeemed on such date, the Principal Paying Fiscal Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes in definitive form, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee Bank reasonable notice of the time and place proposed for the such drawing and the Issuer and the Bond Trustee Bank shall be entitled to send representatives to attend the such drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTCEuroclear, Euroclear and/or Clearstream, LuxembourgLuxembourg and/or DTC, all in accordance with the Terms and Conditions.
14.3 11.3 The Principal Paying Fiscal Agent shall publish the notice required in connection with any such redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption Such notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The Such notice will be published in accordance with the Terms and Conditions. The Principal Paying Fiscal Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
11.4 Each Paying Agent will keep a stock of Put Notices and will make such notices available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of the Noteholders. Upon receipt of any such Note deposited in the exercise of such option in accordance with the Conditions, the Paying Agent with which such Note is deposited shall hold such Note (together with any Receipts, Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of such option, when, subject as provided below, it shall present such Note (and any such unmatured Receipts, Coupons and Talons) to itself for payment of the amount due thereon together with any interest due on such date in accordance with the Conditions and shall pay such moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to such due date for its redemption, an Event of Default has occurred and is continuing or such Note becomes immediately due and repayable or if upon due presentation payment of such redemption moneys is improperly withheld or refused, the Paying Agent concerned shall post such Note (together with any such Receipts, Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder, unless the Noteholder has otherwise requested and paid the costs of such insurance to the relevant Paying Agent at the time of depositing the Notes, at such address as may have been given by the Noteholder in the relevant Put Notice. At the end of each period for the exercise of such option, each Paying Agent shall promptly notify the Fiscal Agent of the principal amount of the Notes in respect of which such option has been exercised with it together with their serial numbers and the Fiscal Agent shall promptly notify such details to the Bank.
Appears in 1 contract
Samples: Fiscal Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and Trustee, the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer Issuer, the Guarantor and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer Issuer, the Guarantor and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer, the Guarantor and the Trustee.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date (if any) in accordance with the Terms and relevant Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and relevant Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and relevant Conditions.
14.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and relevant Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or Clearstream, Luxembourg, all in accordance with the Terms and relevant Conditions.
14.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and relevant Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
14.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the relevant Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the relevant Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the relevant Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the relevant Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 13.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrars stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the relevant Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 13.2 If only some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTCEuroclear, Euroclear and/or Clearstream, LuxembourgLuxembourg and/or DTC, all in accordance with the Terms Conditions. In case of DTC Notes, the U.S. Registrar shall select the Notes by lot or by such other method as the U.S. Registrar shall deem fair and Conditionsappropriate and otherwise in accordance with the DTC’s rules and regulations from time to time.
14.3 The 13.3 On behalf of and at the request and expense of the Issuer (failing which, the Guarantor), the Principal Paying Agent shall publish the notice (on receipt of a copy of the same) required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the applicable record date, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes. Where such notice relates to DTC Notes, the U.S. Registrar (on receipt of a copy of the notice) shall provide DTC with a copy of the notice.
13.4 Each Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the relevant Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Receipts, Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Receipts, Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the relevant Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Receipts, Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the relevant Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the relevant Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the relevant Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
13.5 Each of the Issuer and the Guarantor undertakes to deliver to the Principal Paying Agent sufficient numbers of Put Notices to enable the Principal Paying Agent to comply with its obligations under this Agreement.
Appears in 1 contract
Samples: Not Specified in the Provided Text
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the relevant Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the relevant Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the relevant Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the relevant Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the relevant Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices and Change of Control Put Exercise Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided in this subclause 12.4, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice or Change of Control Put Exercise Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice or Change of Control Put Exercise Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the relevant Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 If the Issuer decides intends to redeem any Covered Bonds Notes for the time being outstanding before prior to their Final Maturity Date in accordance with the Terms and Conditions, the Issuer it shall give notice of the decision such intention to the Bond Trustee and the Principal Paying Agent, Agent and in the case of redemption of Registered Covered Bonds, the Registrar, Trustee stating the date on which the Covered Bonds such Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, not less than 10 days redeemed a reasonable period of time before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the such redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out undertake its duties in this Agreement obligations herein and in the Terms and ConditionsConditions (if any notice is required to be given by the Principal Paying Agent as a consequence of a notice to it from the Issuer, such reasonable period of time shall be not less than 15 days).
14.2 If some only of the Covered Bonds Notes are to be redeemedredeemed on such date, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the such drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the such drawing and shall, in the case of Covered Bonds Notes in global formform or in the case of Book Entry Notes, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or Clearstream, LuxembourgLuxembourg and/or Interbolsa, all as the case may be, in accordance with the Terms and Conditions.
14.3 The Principal Paying Agent shall publish the notice required in connection with any such redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption Such notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The Such notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee other Agents and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, Trustee of any date fixed for redemption of any Covered BondsNotes.
14.4 The exercise of put option by holders of Book-Entry Notes, whose Terms and Conditions provide for redemption at the option of Noteholders, shall be made in accordance with the relevant Terms and Conditions. On the relevant Put Settlement Date (as defined therein), the Portuguese Paying Agent shall settle the put options through the real time settlement system of Interbolsa (Sistema de Liquidação em Real Time) (the “SLRT System”). For such purpose, when the Issuer, the Guarantor or the Trustee on their behalf, publishes a sale notice announcing that the put option is exercisable in the form scheduled hereto as Schedule 2 (Form of PT Sale Announcement), it shall provide on the same day a copy thereof to the Principal Paying Agent, the Portuguese Paying Agent and furthermore:
(a) no later than 5:00 p.m. (Lisbon time) on the second Lisbon Business Day thereafter, the Portuguese Paying Agent will request Interbolsa to send a notice to all Affiliate Members of Interbolsa in the form scheduled hereto as Schedule 6, informing such Affiliate Members of Interbolsa that the put option is exercisable, the settlement will occur through the SLRT System and request the Affiliate Members of Interbolsa to, (i) no later than 5:00 p.m. (Lisbon time) on the eighth Lisbon Business Day prior to the Put Settlement Date, provide the Portuguese Paying Agent and the Issuer with information on the total aggregate amount of the put options exercised together with the information which is deemed necessary to settle the transaction in the SLRT System and all other information set out in the Schedule to such notice, and (ii) no later than 5:00 p.m. (Lisbon time) on the third Lisbon Business Day prior to the Put Settlement Date, insert the instructions in the SLRT System (matching the settlement instructions);
(b) no later than 5:00 p.m. (Lisbon time) on the sixth Lisbon Business Day prior to the Put Settlement Date, the Principal Paying Agent will contact directly and individually each Affiliate Member of Interbolsa which has provided incomplete information and request to be provided with the missing information by no later than 5:00 p.m. (Lisbon time) on the fourth Lisbon Business Day prior to the Put Settlement Date;
(c) no later than 5:00 p.m. (Lisbon time) on the third Lisbon Business Day prior to the Put Settlement Date, to the extent necessary, the Portuguese Paying Agent will inform the Affiliate Members of Interbolsa of its applicable account details for settlement purposes (matching the settlement instructions);
(d) no later than 5:00 p.m. (Lisbon time) on the third Lisbon Business Day prior to the Put Settlement Date, the Principal Paying Agent will notify the Issuer of the total aggregate nominal amount of the Notes in relation to which the put option has been exercised;
(e) no later than 5:00 p.m. (Lisbon time) on the second Lisbon Business Day prior to the Put Settlement Date, the Issuer will pay the Principal Paying Agent unconditionally by credit transfer in the currency in which the Notes are denominated in immediately available, freely transferable, cleared funds to the account held by the Principal Paying Agent as notified by the Principal Paying Agent, or such other account as the Principal Paying Agent may from time to time specify by notice to the Issuer or, as the case may be, the Guarantor. The Issuer (or, in default, the Guarantor) shall, before 1.00 p.m. (Lisbon time) on the second Lisbon Business Day before the due date of each payment by it under sub-clause 14.4(e), procure that the bank effecting payment for it confirms by authenticated SWIFT message to the Principal Paying Agent (SWIFT address: CITIGB2L) the payment instructions relating to such payment. The Principal Paying Agent shall transfer to the Portuguese Paying Agent on the same day, sufficient funds to settle the put options exercised. The Issuer will send a notice to the Portuguese Paying Agent in relation to each individual Affiliate Member of Interbolsa in the form scheduled hereto as Schedule 7;
(f) no later than 5:00 p.m. (Lisbon time) on the Lisbon Business Day prior to the Put Settlement Date, the Portuguese Paying Agent will place the instructions in the SLRT System to be settled on the Put Settlement Date; and
(g) be available to adjust the above procedures as required.
14.5 On the Put Settlement Date, the Paying Agents shall also pay all accrued but unpaid interest with respect to the Notes which any Noteholder wishes to exercise its option pursuant to sub-clause 14.
Appears in 1 contract
Samples: Second Supplemental Agency Agreement (PT Portugal, SGPS, S.A.)
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 10.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying Agent, and in the case of redemption of Registered Covered Bonds, the Registrar, Fiscal Agent stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Fiscal Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 10.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Fiscal Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or Clearstream, Luxembourgand Clearstream , all in accordance with the Terms and Conditions.
14.3 10.3 The Principal Paying Fiscal Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Fiscal Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
10.4 Each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. At the end of each period for the exercise of any put option, each Paying Agent shall promptly notify the Fiscal Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Fiscal Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the relevant Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the relevant Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the relevant Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the relevant Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the relevant Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices and Change of Control Put Exercise Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided in this subclause 12.4, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice or Change of Control Put Exercise Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice or Change of Control Put Exercise Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the relevant Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices and Change of Control Put Exercise Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided in this subclause 12.4, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice or Change of Control Put Exercise Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice or Change of Control Put Exercise Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 9.1 If the relevant Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the relevant Issuer shall give notice of the decision to the Bond Trustee Principal Paying Agent and the Principal Paying Agent, Trustee at least 5 London business days prior to the latest date on which the Issuer is to give notice to the Noteholders in accordance with the Terms and in Conditions and the case of redemption of Registered Covered Bonds, the Registrar, Trustee stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed:
(a) where notice to the Noteholders of such redemption is to be published in a newspaper (whether or not notice is also to be given via Euroclear and Clearstream, Luxembourg), not less than 10 days before the date on which the relevant Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms Conditions; and
(b) where notice to the Noteholders of such redemption is to be given only to Euroclear and Conditions of Clearstream, Luxembourg for communication by them to the redemption Noteholders, not less than 2 Notice Business Days before the date on which the relevant Issuer will give notice to the Noteholders via Euroclear and Clearstream, Luxembourg in order accordance with the Conditions, in each case, to enable the Principal Paying Agent andto undertake its obligations pursuant to clause 10 hereof. If the relevant Issuer does not wish the Principal Paying Agent to cause any notice to be given on its behalf pursuant to clause 10 hereof, if applicablethen it need only give a copy to the Principal Paying Agent of any such notice at or about the time such notice is given to the Noteholders by or on behalf of the relevant Issuer. As used above, the Registrar to carry out its duties Notice Business Day means a day on which (i) commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in this Agreement foreign exchange and foreign currency deposits) in the Terms London and Conditions(ii) Euroclear and Clearstream, Luxembourg are open for business.
14.2 9.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the relevant Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the relevant Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 9.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
9.4 Each Paying Agent will keep a stock of notices (Put Notices) in the form set out in Schedule 2 and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited upon the exercise of a put option in accordance with the Conditions, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. At the end of each period for the exercise of any put option, each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the relevant Issuer, the Guarantor (where the relevant Issuer is TI Finance) and the Trustee.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 9.1 If the relevant Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the relevant Issuer shall give notice of the decision to the Bond Trustee Principal Paying Agent and the Principal Paying Agent, Trustee at least 5 London business days prior to the latest date on which the Issuer is to give notice to the Noteholders in accordance with the Terms and in Conditions and the case of redemption of Registered Covered Bonds, the Registrar, Trustee stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed:
(a) where notice to the Noteholders of such redemption is to be published in a newspaper (whether or not notice is also to be given via Euroclear and Clearstream, Luxembourg), not less than 10 days before the date on which the relevant Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms Conditions; and
(b) where notice to the Noteholders of such redemption is to be given only to Euroclear and Conditions of Clearstream, Luxembourg for communication by them to the redemption Noteholders, not less than 2 Notice Business Days before the date on which the relevant Issuer will give notice to the Noteholders via Euroclear and Clearstream, Luxembourg in order accordance with the Conditions, in each case, to enable the Principal Paying Agent andto undertake its obligations pursuant to clause 10 hereof. If the relevant Issuer does not wish the Principal Paying Agent to cause any notice to be given on its behalf pursuant to clause 10 hereof, if applicablethen it need only give a copy to the Principal Paying Agent of any such notice at or about the time such notice is given to the Noteholders by or on behalf of the relevant Issuer. As used above, the Registrar to carry out its duties Notice Business Day means a day on which (i) commercial banks and foreign exchange markets settle payments and are open for general business (including dealing in this Agreement foreign exchange and foreign currency deposits) in the Terms London and Conditions(ii) Euroclear and Clearstream, Luxembourg are open for business.
14.2 9.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the relevant Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the relevant Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 9.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
9.4 Each Paying Agent will keep a stock of notices (Put Notices) in the form set out in Schedule 2 and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited upon the exercise of a put option in accordance with the Conditions, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. At the end of each period for the exercise of any put option, each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the relevant Issuer, the Guarantor (where the relevant Issuer is TI Finance) and the Trustee.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying Agent, and Agent (in the case of redemption Bearer Notes) and the Registrar (in the case of Registered Covered Bonds, the Registrar, Notes) stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent andor the Registrar, if applicableas the case may be, the Registrar to carry out its duties in this Agreement Agreement, in the Trust Deed and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsBearer Notes, make the required drawing in a place and in a manner approved by the Trustee in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and each of the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsBearer Notes or Registered Notes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name Notes to be redeemed or of the relevant N Covered Bondholders) Certificates representing the certificated Registered Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes and Registered Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice.
12.5 If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice.
12.6 In the case of a partial redemption of certificated Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Certificate in respect of the balance of the certificated Registered Notes not redeemed to the original holder.
12.7 At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent and the Trustee of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 10.1 If the Issuer decides is required to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms Condition 9 (Redemption and ConditionsPurchase), the Issuer shall give notice of the decision to the Bond Trustee and Note Trustee, the Principal Paying Agent, Agent and in the case of redemption of Registered Covered Bonds, the Registrar, Agent Bank stating the date on which the Covered Bonds Notes are to be redeemed and the nominal principal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 10.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Note Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Note Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 10.3 The Principal Paying Agent shall (on behalf of, and at the expense of, the Issuer) publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Note Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided in this subclause 12.4, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentFiscal Agent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 7 days (or such shorter period as the Fiscal Agent and, if applicable, the Registrar shall agree) before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Fiscal Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Fiscal Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTCEuroclear, Euroclear and/or Clearstream, LuxembourgLuxembourg and/or DTC, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Fiscal Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Fiscal Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Receipts, Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Receipts, Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Receipts, Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Fiscal Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Fiscal Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1
(a) If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentFiscal Agent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds such Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 seven days (or such shorter period as the Fiscal Agent and, if applicable, the Registrar shall agree) before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Fiscal Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 (b) If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Fiscal Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds in global formGlobal Notes, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTCEuroclear, Euroclear and/or Clearstream, LuxembourgLuxembourg and/or DTC, all in accordance with the Terms and Conditions.
14.3 (c) The Principal Paying Fiscal Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Fiscal Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
(d) The Registrar and each Paying Agent will keep a stock of Put Notices and Change of Control Put Exercise Notices and shall make them available on demand to holders of Definitive Notes the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option or, as the case maybe, Change of Control Put Right, in accordance with the Conditions, the Registrar (with respect to Registered Notes) or the Paying Agent with which the Note is deposited (with respect to Bearer Notes) shall hold the Note (together with any Receipts, Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the relevant option or right, when, subject as provided below, it shall present the Note (and any such unmatured Receipts, Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice or, as the case may be, Change of Control Put Exercise Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, then the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Receipts, Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice or, as the case may be, Change of Control Put Exercise Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Fiscal Agent of the principal amount of the Notes in respect of which the option or right has been exercised with it together with their serial numbers and the Fiscal Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 13.1 If the relevant Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the such Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying Agent, and with a copy to the Guarantor and, in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 30 days before the date on which the relevant Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 13.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the relevant Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the relevant Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 13.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered Bonds.be
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 (1) If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying Agent, and in the case of redemption of Registered Covered Bonds, the Registrar, Agent stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will wil give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 (2) If only some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall sha l be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTCEuroclear, Euroclear and/or Clearstream, Luxembourg, and/or the CMU Service, all in accordance with the Terms and Conditions.
14.3 (3) The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
(4) Each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. At the end of each period for the exercise of any put option, each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms Conditions (and Conditionsthe applicable Final Terms), the Issuer shall give notice of the decision to the Bond Trustee and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes in definitive form, make the required drawing in accordance with the Terms and Conditions but Notes to be redeemed shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for be selected by the drawing of lots, subject to compliance with applicable law, the rules of each competent authority, stock exchange and/or quotation system (if any) by which the Notes have then been admitted to listing, trading and/or quotation and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in drawing. In the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed will be selected in accordance with DTCthe rules and procedures of Euroclear, Euroclear and/or Clearstream, LuxembourgLuxembourg and/or DTC, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Agent shall publish the notice provided to it by the Issuer and required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemptionredemption provided to it by the Issuer. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of a duly completed Put Notice and any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1
13.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee and Trustee, the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 five business days in London before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 13.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 13.3 The Principal Paying Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
13.4 The Registrar and each Paying Agent will keep a stock of Put Notices and Change of Control Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice or Change of Control Put Notice, as applicable. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 13.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms Conditions and (where applicable) the Additional Note Conditions or, in the case of Subordinated Notes, if the Issuer decides to redeem any Notes for the time being outstanding in accordance with the Conditions and (where applicable) the Additional Note Conditions, the Issuer shall give notice of the decision to the Bond Trustee and Trustee, the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms Conditions and (where relevant) the Additional Note Conditions of the redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms Conditions and (where applicable) the Additional Note Conditions.
14.2 13.2 If only some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms Conditions and (where applicable) the Additional Note Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms Conditions and (where applicable) the Additional Note Conditions.
14.3 13.3 The Principal Paying Agent shall at the expense of the Issuer publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the record date (if applicable) the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms Conditions and (where applicable) the Additional Note Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
13.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions and/or the Additional Note Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions and (where applicable) the Additional Note Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Receipts, Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Receipts, Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and (where applicable) the Additional Note Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Receipts, Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions and (where applicable) the Additional Note Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify those details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee Fiscal Agent and the Principal Paying Agent, and in the case of redemption of Registered Covered Bonds, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Principal Paying Fiscal Agent and, if applicable, and the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Principal Paying Fiscal Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or and Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 12.3 The Principal Paying Fiscal Agent shall publish the notice required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Principal Paying Fiscal Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices and Change of Control Exercise Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice or Change of Control Exercise Notice, as the case may be. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice or Change of Control Exercise Notice, as the case may be. In the case of a partial redemption of Notes, the Registrar shall, in accordance with the Conditions, post a new Note in respect of the balance of the Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Fiscal Agent of the principal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Fiscal Agent shall promptly notify those details to the Issuer. DOCPROPERTY "cpCombinedRef" 0012034-0005260 UKO2: 2004076912.9
Appears in 1 contract
Samples: Agency Agreement (Autoliv Inc)
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 12.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before their Final Maturity Date in accordance with the Terms and Conditions, the Issuer shall give notice of the decision to the Bond Trustee Issuing and the Principal Paying AgentAgent and, and in the case of redemption of Registered Covered BondsNotes, the Registrar, Registrar stating the date on which the Covered Bonds Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the redemption in order to enable the Issuing and Principal Paying Agent and, if applicable, the Registrar to carry out its duties in this Agreement and in the Terms and Conditions.
14.2 12.2 If some only of the Covered Bonds Notes are to be redeemed, the Issuing and Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee Guarantor reasonable notice of the time and place proposed for the drawing and the Issuer and the Bond Trustee Guarantor shall be entitled to send representatives to attend the drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTC, Euroclear and/or Clearstream, Luxembourg, all in accordance with the Terms and Conditions.
14.3 The 12.3 On behalf of, and at the request and expense of the Issuer (failing which the Guarantor), the Issuing and Principal Paying Agent or Registrar shall publish the notice (on receipt of a copy of the same) required in connection with any redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The notice will be published in accordance with the Terms and Conditions. The Issuing and Principal Paying Agent or Registrar will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
12.4 The Registrar and each Paying Agent will keep a stock of Put Notices and will make them available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any Note deposited in the exercise of a put option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which the Note is deposited shall hold the Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of the option, when, subject as provided below, it shall present the Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Note becomes immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post the Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder (unless the Noteholder has otherwise requested and paid the costs of insurance to the Registrar or, as the case may be, the relevant Paying Agent at the time of depositing the Notes) at the address given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of any put option, the Registrar and each Paying Agent shall promptly notify the Issuing and Principal Paying Agent of the nominal amount of the Notes in respect of which the option has been exercised with it together with their serial numbers and the Issuing and Principal Paying Agent shall promptly notify those details to the Issuer and the Guarantor.
12.5 The Issuer undertakes to deliver to the Agent sufficient numbers of Put Notices to enable the Agent to comply with its obligations under this Agreement.
Appears in 1 contract
Samples: Agency Agreement
DUTIES OF THE AGENTS IN CONNECTION WITH EARLY REDEMPTION. 14.1 13.1 If the Issuer decides to redeem any Covered Bonds Notes for the time being outstanding before prior to their Final Maturity Date (if any) in accordance with the Terms and Conditions, the Issuer shall give notice of the such decision to the Bond Trustee and the Principal Paying Agent, and in the case of redemption of Registered Covered Bonds, the Registrar, Agent stating the date on which the Covered Bonds such Notes are to be redeemed and the nominal amount of Covered Bonds Notes to be redeemed, redeemed not less than 10 15 days before the date on which the Issuer will give notice to the Covered Bondholders Noteholders in accordance with the Terms and Conditions of the such redemption in order to enable the Principal Paying Agent and, if applicable, the Registrar to carry out undertake its duties in this Agreement obligations herein and in the Terms and Conditions.
14.2 13.2 If some only of the Covered Bonds Notes are to be redeemedredeemed on such date, the Principal Paying Agent shall, in the case of Definitive Covered Bonds which are not N Covered BondsNotes, make the required drawing in accordance with the Terms and Conditions but shall give the Issuer and the Bond Trustee reasonable notice of the time and place proposed for the such drawing and the Issuer and the Bond Trustee shall be entitled to send representatives to attend the such drawing and shall, in the case of Covered Bonds Notes in global form, co-ordinate the selection of Covered Bonds Notes to be redeemed with DTCEuroclear, Euroclear and/or Clearstream, LuxembourgLuxembourg and/or DTC, all in accordance with the Terms and Conditions.
14.3 13.3 The Principal Paying Agent shall publish the notice required in connection with any such redemption and shall, if applicable, at the same time also publish a separate list of the serial numbers of any Definitive Covered Bonds (except Notes in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) definitive form previously drawn and not presented for redemption. The redemption Such notice shall specify the date fixed for redemption, the redemption amount, the manner in which redemption will be effected and, in the case of a partial redemption of Definitive Covered BondsNotes, the serial numbers of the Covered Bonds (except in the case of N Covered Bonds, where it shall specify the name of the relevant N Covered Bondholders) Notes to be redeemed. The Such notice will be published in accordance with the Terms and Conditions. The Principal Paying Agent will also notify the Bond Trustee and the other Paying Agents in the case of Bearer Covered Bonds and the Registrar, the Exchange Agent and the Transfer Agents, in the case of Registered Covered Bonds, of any date fixed for redemption of any Covered BondsNotes.
13.4 The Registrars and each Paying Agent will keep a stock of notices (Put Notices) in the form set out in Schedule 4 and will make such notices available on demand to holders of Definitive Notes, the Conditions of which provide for redemption at the option of Noteholders. Upon receipt of any such Note deposited in the exercise of such option in accordance with the Conditions, the Registrar or, as the case may be, the Paying Agent with which such Note is deposited shall hold such Note (together with any Coupons and Talons relating to it deposited with it) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for redemption of the relevant Note consequent upon the exercise of such option, when, subject as provided below, it shall present such Note (and any such unmatured Coupons and Talons) to itself for payment of the amount due thereon together with any interest due on such date in accordance with the Conditions and shall pay such moneys in accordance with the directions of the Noteholder contained in the relevant Put Notice. If, prior to such due date for its redemption, an Event of Default has occurred and is continuing or such Note becomes immediately due and repayable or if upon due presentation payment of such redemption moneys is improperly withheld or refused, the Registrar or, as the case may be, the Paying Agent concerned shall post such Note (together with any such Coupons and Talons) by uninsured post to, and at the risk of, the relevant Noteholder, unless the Noteholder has otherwise requested and paid the costs of such insurance to the relevant Registrar or, as the case may be, Paying Agent at the time of depositing the Notes, at such address as may have been given by the Noteholder in the relevant Put Notice. In the case of a partial redemption of Registered Notes, the relevant Registrar shall, in accordance with the Conditions, post a new Registered Note in respect of the balance of the Registered Notes not redeemed to the registered holder. At the end of each period for the exercise of such option, each Registrar and each Paying Agent shall promptly notify the Principal Paying Agent of the principal amount of the Notes in respect of which such option has been exercised with it together with their serial numbers and the Principal Paying Agent shall promptly notify such details to the Issuer.
Appears in 1 contract
Samples: Agency Agreement
