Common use of Failed Final Remarketing Clause in Contracts

Failed Final Remarketing. (a) If a Failed Final Remarketing occurs Holders of Notes that are not part of a New PEPS Unit will retain possession of their Notes.

Failed Final Remarketing. (a) If a Failed Final Remarketing occurs Holders of Notes that are not part of a New PEPS Unit will retain possession of their Notes, and the Coupon Rate will not be reset and the Notes will continue to bear interest at the Coupon Rate (as defined in clause (i) of the definition of such term).