Common use of Early Redemption and Exercise of Options Clause in Contracts

Early Redemption and Exercise of Options. 12.1 If the Issuer intends (other than consequent upon an Event of Default) to redeem all or any of the Instruments (other than Book Entry Instruments) prior to their stated maturity date or to exercise any other option under the relevant Terms and Conditions, it shall, not less than 14 days prior to the latest date for the publication of the notice of redemption or of exercise of the Issuer's option required to be given to the Holders of any Instruments, give notice of such intention to the Issue and Paying Agent and the Trustee or, in the case of Registered Instruments, to the Registrar (copied to the Issue and Paying Agent) and the Trustee stating the date on which such Instruments are to be redeemed or such option is to be exercised. For the avoidance of doubt if the Issuer reduces the number of days' notice that the Issue and Paying Agent or, as the case may be, the Registrar and the Trustee receives prior to the latest date for publication of the notice, none of the Issue and Paying Agent, the Trustee and the Registrar shall be liable for any consequent delay in notice being published in accordance with the relevant Terms and Conditions. EDP shall comply with the applicable Portuguese laws, regulations and procedures and with procedures set forth in this Agreement in respect of the early redemption and the exercise of options in relation to Book Entry Instruments.

Early Redemption and Exercise of Options. 12.1 If the Issuer intends (other than consequent upon an Event of Default) to redeem all or any of the Instruments (other than Book Entry Instruments) prior to their stated maturity date or to exercise any other option under the relevant Terms and Conditions, it shall, not less than 14 days prior to the latest date for the publication of the notice of redemption or of exercise of the Issuer's option required to be given to the Holders of any Instruments, give notice of such intention to the Issue and Paying Agent and the Trustee or, in the case of Registered Instruments, to the Registrar (copied to the Issue and Paying Agent) and the Trustee stating the date on which such Instruments are to be redeemed or such option is to be exercised. For the avoidance of doubt if the Issuer reduces the number of days' notice that the Issue and Paying Agent or, as the case may be, the Registrar and the Trustee receives prior to the latest date for publication of the notice, none of the Issue and Paying Agent, the Trustee and the Registrar shall be liable for any consequent delay in notice being published in accordance with the relevant Terms and Conditions. EDP shall comply with the applicable Portuguese laws, regulations and procedures and with procedures set forth in this Agreement in respect of the early redemption and the exercise of options in relation to Book Entry Instruments.