Common use of Late payment on Zero Coupon Notes Clause in Contracts

Late payment on Zero Coupon Notes. If the amount payable in respect of any Zero Coupon Note upon redemption of such Zero Coupon Note pursuant to Condition 7.1 (Redemption at maturity), 7.2 (Redemption for tax reasons), 7.3 (Redemption at the option of the relevant Issuer (Issuer Call)) or 7.4 (Redemption at the option of the relevant Issuer (Issuer Par Call)) or upon its becoming due and repayable as provided in Condition 10 (Events of Default and Enforcement) is improperly withheld or refused, the amount due and repayable in respect of such Zero Coupon Note shall be the amount calculated as provided in Condition 7.8(b) as though the references therein to the date fixed for the redemption or the date upon which such Zero Coupon Note becomes due and payable were replaced by references to the date which is the earlier of: (a) the date on which all amounts due in respect of such Zero Coupon Note have been paid; and (b) five days after the date on which the full amount of the moneys payable in respect of such Zero Coupon Notes has been received by the Principal Paying Agent or the Registrar and notice to that effect has been given to the Noteholders in accordance with Condition 14 (Notices).

Late payment on Zero Coupon Notes. If the amount payable in respect of any Zero Coupon Note upon redemption of such Zero Coupon Note pursuant to Condition 7.1 Conditions 6.1 (Redemption at maturity), 7.2 6.2 (Redemption for tax reasons), 7.3 6.3 (Redemption at the option of the relevant Issuer (Issuer Call)) or 7.4 and 6.6 (Redemption at the option of the relevant Issuer Noteholders (Issuer Par CallInvestor Put)) or upon its becoming due and repayable as provided in Condition 10 9 (Events of Default and EnforcementDefault) is improperly withheld or refused, the amount due and repayable in respect of such Zero Coupon Note shall be the amount calculated as provided in Condition 7.8(b6.8(b) (Early Redemption Amounts) as though the references therein to the date fixed for the redemption or the date upon which such Zero Coupon Note becomes due and payable were replaced by references to the date which is the earlier of: (a) the date on which all amounts due in respect of such Zero Coupon Note have been paid; and (b) five days after the date on which the full amount of the moneys payable in respect of such Zero Coupon Notes has been received by the Principal Paying Agent or the Registrar and notice to that effect has been given to the Noteholders in accordance with Condition 14 13 (Notices).

Late payment on Zero Coupon Notes. If the amount payable in respect of any Zero Coupon Note upon redemption of such Zero Coupon Note pursuant to Condition 7.1 11 (Redemption at maturity), 7.2 (Redemption for tax reasons), 7.3 (Redemption at the option of the relevant Issuer (Issuer Call)) or 7.4 (Redemption at the option of the relevant Issuer (Issuer Par Call)and Purchase) or upon its becoming due and repayable as provided in Condition 10 17 (Events of Default and EnforcementDefault) is improperly withheld or refused, the amount due and repayable in respect of such Zero Coupon Note shall be the amount calculated as provided in Condition 7.8(b) 11.5.3 as though the references therein to the date fixed for the redemption or the date upon which such Zero Coupon Note becomes due and payable were replaced by references to the date which is the earlier of: : (ai) the date on which all amounts due in respect of such Zero Coupon Note have been paid; and and (bii) five days 5 (five) Days after the date on which the full amount of the moneys monies payable in respect of such Zero Coupon Notes has been received by the Principal Paying Agent or the Registrar CSD, and notice to that effect has been given to the Noteholders Noteholder in accordance with Condition 14 19 (Notices).

Late payment on Zero Coupon Notes. If the amount payable in respect of any Zero Coupon Note upon redemption of such Zero Coupon Note pursuant to Condition 7.1 11 (Redemption at maturity), 7.2 (Redemption for tax reasons), 7.3 (Redemption at the option of the relevant Issuer (Issuer Call)) or 7.4 (Redemption at the option of the relevant Issuer (Issuer Par Call)and Purchase) or upon its becoming due and repayable as provided in Condition 10 18 (Events of Default and EnforcementDefault) is improperly withheld or refused, the amount due and repayable in respect of such Zero Coupon Note shall be the amount calculated as provided in Condition 7.8(b) 11.5.3 as though the references therein to the date fixed for the redemption or the date upon which such Zero Coupon Note becomes due and payable were replaced by references to the date which is the earlier of: : (ai) the date on which all amounts due in respect of such Zero Coupon Note have been paid; and and (bii) five days 5 (five) Days after the date on which the full amount of the moneys payable in respect of such Zero Coupon Notes has been received by the Principal Paying Agent or the Registrar CSD, and notice to that effect has been given to the Noteholders Noteholder in accordance with Condition 14 20 (Notices).

Late payment on Zero Coupon Notes. If the amount payable in respect of any Zero Coupon Note upon redemption of such Zero Coupon Note pursuant to Condition 7.1 8.1 (Redemption at maturity), 7.2 8.2 (Redemption for tax reasons), 7.3 8.3 (Redemption at the option of the relevant Issuer (Issuer Call)) or 7.4 8.4 (Redemption at the option of the relevant Issuer Noteholders (Issuer Par CallInvestor Put)) above or upon its becoming due and repayable as provided in Condition 10 11 (Events of Default and EnforcementDefault) is improperly withheld or refused, the amount due and repayable in respect of such Zero Coupon Note shall be the amount calculated as provided in Condition 7.8(b8.5(c) (Early Redemption Amounts) above as though the references therein to the date fixed for the redemption or the date upon which such Zero Coupon Note becomes due and payable were replaced by references to the date which is the earlier of: (a) the date on which all amounts due in respect of such Zero Coupon Note have been paid; and (b) five days after the date on which the full amount of the moneys payable in respect of such Zero Coupon Notes has been received by the Principal Paying Fiscal Agent or the Registrar and notice to that effect has been given to the Noteholders in accordance with Condition 14 15 (Notices).

Late payment on Zero Coupon Notes. If the amount payable in respect of any Zero Coupon Note upon redemption of such Zero Coupon Note pursuant to Condition 7.1 (Redemption at maturity), 7.2 (Redemption for tax reasons), 7.3 (Early Redemption at the option of the relevant Issuer (Issuer Call)due to Capital Disqualification Event) or 7.4 (Early Redemption at the option of the relevant Issuer (Issuer Par Call)due to MREL Disqualification Event) above or upon its becoming due and repayable as provided in Condition 10 (Events of Default and EnforcementDefault) is improperly withheld or refused, the amount due and repayable in respect of such Zero Coupon Note shall be the amount calculated as provided in Condition 7.8(b7.8(c) (Early Redemption Amounts) as though the references therein to the date fixed for the redemption or the date upon which such Zero Coupon Note becomes due and payable were replaced by references to the date which is the earlier of: (a) the date on which all amounts due in respect of such Zero Coupon Note have been paid; and (b) five days after the date on which the full amount of the moneys payable in respect of such Zero Coupon Notes has been received by the Principal Paying Agent or the Registrar and notice to that effect has been given to the Noteholders in accordance with Condition 14 15 (Notices).

Late payment on Zero Coupon Notes. If the amount payable in respect of any Zero Coupon Note upon redemption of such Zero Coupon Note pursuant to Condition 7.1 (Redemption at maturity), 7.2 (Redemption for tax reasons), 7.3 (Early Redemption at the option of the relevant Issuer (Issuer Call)due to Capital Disqualification Event) or 7.4 (Early Redemption at the option of the relevant Issuer (Issuer Par Call)due to MREL Disqualification Event) above or upon its becoming due and repayable as provided in Condition 10 (Events of Default and EnforcementDefault) is improperly withheld or refused, the amount due and repayable in respect of such Zero Coupon Note shall be the amount calculated as provided in Condition 7.8(b7.9(c) (Early Redemption Amounts) as though the references therein to the date fixed for the redemption or the date upon which such Zero Coupon Note becomes due and payable were replaced by references to the date which is the earlier of: (a) the date on which all amounts due in respect of such Zero Coupon Note have been paid; and (b) five days after the date on which the full amount of the moneys payable in respect of such Zero Coupon Notes has been received by the Principal Paying Agent or the Registrar and notice to that effect has been given to the Noteholders in accordance with Condition 14 15 (Notices).

Late payment on Zero Coupon Notes. If the amount payable in respect of any Zero Coupon Note upon redemption of such Zero Coupon Note pursuant to Condition 7.1 (Redemption at maturity), 7.2 (Redemption for tax reasons), 7.3 (Redemption at the option of the relevant Issuer (Issuer Call)) or 7.4 (Redemption at the option of the relevant Issuer (Issuer Par Call)) or upon its becoming due and repayable as provided in Condition 10 (Events of Default and Enforcement) is improperly withheld or refused, the amount due and repayable in respect of such Zero Coupon Note shall be the amount calculated as provided in Condition 7.8(b7.7(b) as though the references therein to the date fixed for the redemption or the date upon which such Zero Coupon Note becomes due and payable were replaced by references to the date which is the earlier of: (a) the date on which all amounts due in respect of such Zero Coupon Note have been paid; and (b) five days after the date on which the full amount of the moneys payable in respect of such Zero Coupon Notes has been received by the Principal Paying Agent or the Registrar and notice to that effect has been given to the Noteholders in accordance with Condition 14 (Notices).

Late payment on Zero Coupon Notes. If the amount payable in respect of any Zero Coupon Note upon redemption of such Zero Coupon Note pursuant to Condition 7.1 (Redemption at maturity), 7.2 (Redemption for tax reasons), 7.3 (Redemption at the option of the relevant Issuer (Issuer Call)) or 7.4 (Redemption at the option of the relevant Issuer (Issuer Par Call)) or upon its becoming due and repayable as provided in Condition 10 (Events of Default and Enforcement) is improperly withheld or refused, the amount due and repayable in respect of such Zero Coupon Note shall be the amount calculated as provided in Condition 7.8(b) as though the references therein to the date fixed for the redemption or the date upon which such Zero Coupon Note becomes due and payable were replaced by references to the date which is the earlier of: (a) the date on which all amounts due in respect of such Zero Coupon Note have been paid; and (b) five days after the date on which the full amount of the moneys payable in respect of such Zero Coupon Notes has been received by the Principal Paying Agent or the Registrar and notice to that effect has been given to the Noteholders in accordance with Condition 14 (Notices).

Late payment on Zero Coupon Notes. If the amount payable in respect of any Zero Coupon Note upon redemption of such Zero Coupon Note pursuant to Condition 7.1 Conditions 6.1 (Redemption at maturity), 7.2 6.2 (Redemption for tax reasons), 7.3 6.3 (Redemption at the option of the relevant Issuer (Issuer Call)) or 7.4 and 6.6 (Redemption at the option of the relevant Issuer Noteholders (Issuer Par CallInvestor Put)) or upon its becoming due and repayable as provided in Condition 10 9 (Events of Default and EnforcementDefault) is improperly withheld or refused, the amount due and repayable in respect of such Zero Coupon Note shall be the amount calculated as provided in Condition 7.8(b6.8(b) (Early Redemption Amounts) as though the references therein to the date fixed for the redemption or the date upon which such Zero Coupon Note becomes due and payable were replaced by references to the date which is the earlier of: (a) the date on which all amounts due in respect of such Zero Coupon Note have been paid; and (b) five days after the date on which the full amount of the moneys payable in respect respec t of such suc h Zero Coupon Notes has been received by the Principal Paying Agent or the Registrar and notice to that effect has been given to the Noteholders in accordance with Condition 14 13 (Notices).