Effect of Redemption Notices Sample Clauses

Effect of Redemption Notices. For the avoidance of doubt, upon the giving of a Redemption Notice or an Early Redemption Notice, as the case may be, the Redemption Price or the Early Redemption Price, as the case may be, shall automatically and immediately become a debt owing from the Company to the Preferred Shareholders.

Effect of Redemption Notices. (i) Effect of Maturity Redemption Notice and Noteholder’s Notice where Notes are being redeemed on the Maturity Date or pursuant to Condition 5.3 or 5.4 A Maturity Redemption Notice or a Noteholder’s Notice, as the case may be, if delivered in accordance with Condition 6.3(a)(i), (iii) and (iv), as the case may be, shall, inter alia, constitute and be substantially to the following effect: (A) an irrevocable instruction to the Relevant Clearing System to debit the designated Securities Account for each Note to be redeemed on the Maturity Date or Early Redemption Date, as the case may be; (B) where the Notes are being cash settled, an irrevocable instruction to the Relevant Clearing System to credit the Cash Account of the Noteholder at the Relevant Clearing System, as appropriate, with the Redemption Amount or the Early Redemption Amount, as the case may be, on the Maturity Date or the Early Redemption Payment Date, as the case may be; (C) if the relevant Final Terms specify that "Physical Settlement" is applicable and the Issuer elects to deliver the Underlying Securities or, in the case of Credit Linked Notes the Deliverable Amount, in lieu of paying the Redemption Amount or Early Redemption Amount, as the case may be, notification of the name and address of the person or bank or broker to whom the Reference Assets or the Deliverable Obligations should be transferred and of the name and address of the person or bank or broker to whom the Transfer Documentation in respect of the Reference Assets or the Deliverable Obligations should be delivered (if the Reference Assets are equity units such information should relate to each security comprised in such equity units) and notification of the name and the number of the Noteholder’s Cash Account with the Relevant Clearing System to be credited with any cash payable by the Issuer, in the event of a Settlement Disruption Event or otherwise; (D) notification of the name(s) and number(s) of the relevant Securities Account(s) and Cash Account(s); (E) an undertaking by the relevant Noteholder to pay any applicable Redemption Expenses in accordance with Condition 6.5 and an authority to debit a specified account of the Noteholder at the Relevant Clearing System in respect thereof; and (F) an undertaking by the relevant Noteholder to pay any applicable Taxes in accordance with Conditions 6.5 and 12.