Common use of Final Redemption Clause in Contracts

Final Redemption. Unless previously redeemed in full as provided in this Condition 5, the Issuer shall redeem each Class of Notes at their Principal Amount Outstanding together with all accrued interest on their Final Maturity Date. The Issuer may not redeem such Notes in whole or in part prior to their Final Maturity Date except as provided in Conditions 5.2 (Mandatory Redemption), 5.4 (Optional Redemption in Full) or 5.5 (Optional Redemption for Tax and other Reasons) below, but without prejudice to Condition 9 (Events of Default).

Appears in 3 contracts

Samples: Second Supplemental Note Trust Deed, Fourth Supplemental Note Trust Deed, Third Supplemental Note Trust Deed

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Final Redemption. Unless previously redeemed in full as provided in this Condition 5, the Current Issuer shall redeem each Class class of Notes at their then Principal Amount Outstanding together with all accrued interest on their the Final Maturity DateDate in respect of such class of Notes. The Current Issuer may not redeem such the Notes in whole or in part prior to their Final Maturity Date those respective dates except as provided in Conditions 5.2 paragraph (Mandatory RedemptionB), 5.4 (Optional Redemption in FullD), (E) or 5.5 (Optional Redemption for Tax and other ReasonsF) below, but without prejudice to Condition 9 (Events of Default)9.

Appears in 3 contracts

Samples: Granite Mortgages 03-2 PLC, Granite Mortgages 04-1 PLC, Granite Mortgages 04-1 PLC

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