Early Redemption upon the crossing of a Coupon threshold. If Condition 6.6(a) or 6.6(b) below is specified as being applicable in the applicable Final Terms: (a) if on an Interest Payment Date the sum of the Coupons (in percentage of the Specified Denomination) paid since the Threshold Observation Start Date (specified in the applicable Final Terms) at least equals a Threshold Percentage of the Specified Denomination (specified in the applicable Final Terms), the Notes will be early redeemed at a Threshold Redemption Amount (specified in the applicable Final Terms), on this Interest Payment Date, such date will be deemed to be the Threshold Redemption Date. (b) if on any date during the lifetime of the Notes the sum of the Coupons plus the accrued interests (in percentage of the Specified Denomination) paid or accrued since the Threshold Observation Start Date (specified in the applicable Final Terms) equals a Threshold Percentage of the Specified Denomination (specified in the applicable Final Terms), the Notes will be early redeemed at a Threshold Redemption Amount (specified in the applicable Final Terms), on the Threshold Redemption Date, being the next Interest Payment Date after the crossing of the Threshold Percentage or the number of business days after the crossing of the Threshold Percentage specified in the applicable Final Terms. If the Notes are early redeemed upon the crossing of a Coupon threshold, the Issuer shall give notice of the early redemption to the Noteholders in accordance with Condition 13 no later than a minimum of two business days or the number of business days specified in the applicable Final Terms.
Appears in 2 contracts
Samples: Agency Agreement, Agency Agreement
Early Redemption upon the crossing of a Coupon threshold. If Condition 6.6(a) or 6.6(b) below is specified as being applicable in the applicable Final Terms:Terms:
(a) if on an Interest Payment Date the sum of the Coupons (in percentage of the Specified Denomination) paid since the Threshold Observation Start Date (specified in the applicable Final Terms) at least equals a Threshold Percentage of the Specified Denomination (specified in the applicable Final Terms), the Notes will be early redeemed at a Threshold Redemption Amount (specified in the applicable Final Terms), on this Interest Payment Date, such date will be deemed to be the Threshold Redemption Date.Date.
(b) if on any date during the lifetime of the Notes the sum of the Coupons plus the accrued interests (in percentage of the Specified Denomination) paid or accrued since the Threshold Observation Start Date (specified in the applicable Final Terms) equals a Threshold Percentage of the Specified Denomination (specified in the applicable Final Terms), the Notes will be early redeemed at a Threshold Redemption Amount (specified in the applicable Final Terms), on the Threshold Redemption Date, being the next Interest Payment Date after the crossing of the Threshold Percentage or the number of business days after the crossing of the Threshold Percentage specified in the applicable Final Terms. If the Notes are early redeemed upon the crossing of a Coupon threshold, the Issuer shall give notice of the early redemption to the Noteholders in accordance with Condition 13 no later than a minimum of two business days or the number of business days specified in the applicable Final Terms.Terms.
Appears in 2 contracts
Samples: Agency Agreement, Agency Agreement