Common use of Exchange of Talons Clause in Contracts

Exchange of Talons. On and after the Fixed Interest Date or the Interest Payment Date, as appropriate, on which the final Coupon comprised in any Coupon sheet matures, the Talon (if any) forming part of such Coupon sheet may be surrendered at the specified office of the Agent or any other Paying Agent or, in the case of Notes lodged in CMU, the HK Lodging Agent in exchange for a further Coupon sheet including (if such further Coupon sheet does not include Coupons to, and including, the final date for the payment of interest due in respect of the Note to which it appertains) a further Talon, subject to the provisions of Condition 14. Each Talon shall, for the purposes of these Conditions, be deemed to mature on the Fixed Interest Date or the Interest Payment Date (as the case may be) on which the final Coupon comprised in the relative Coupon sheet matures.

Appears in 19 contracts

Samples: Entrustment Agreement, Entrustment Agreement, Entrustment Agreement

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Exchange of Talons. On and after the Fixed Interest Date or the Interest Payment Date, as appropriate, Date on which the final Coupon comprised in any Coupon sheet matures, the Talon (if any) forming part of such Coupon sheet may (subject to Condition 7) be surrendered at the specified office of (in the Agent or any case of Notes other than CMU Notes) the Agent, (in the case of CMU Notes) the CMU Lodging and Paying Agent or, in any case, any other Paying Agent outside the case of Notes lodged in CMU, the HK Lodging Agent United States in exchange for a further Coupon sheet sheet, including (if such further Coupon sheet does not include Coupons to, to (and including, ) the final date for the payment of interest due in respect of the Note to which it appertains) a further Talon, subject to the provisions of Condition 14. Each Talon shall, for the purposes of these Terms and Conditions, be deemed to mature on the Fixed Interest Date or the Interest Payment Date (as the case may be) on which the final Coupon comprised in the relative Coupon sheet matures.

Appears in 7 contracts

Samples: investors.natwestgroup.com, investors.natwestgroup.com, www.rns-pdf.londonstockexchange.com

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