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 paragraph (a), (b), (c), (d) or (e) above or upon its becoming due and repayable as provided in Condition 9 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 paragraph (f) 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: (i) the date on which all amounts due in respect of such Zero Coupon Note have been paid; and (ii) five days after the date on which the full amount of the moneys payable in respect of such Zero Coupon Notes (in the case of Notes other than VP Notes) has been received by the Principal Paying Agent or the Registrar or (in the case of VP Notes) has been made available for debiting by VP in the cash account notified to VP by or on behalf of the Issuer and notice to that effect has been given to the No teholders in accordance with Condition 13.

Appears in 2 contracts

Samples: Agency Agreement, Agency Agreement

AutoNDA by SimpleDocs

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 paragraph (a)Condition Xxxx! Xxxx ikke referansekilden., (b)Xxxx! Xxxx ikke referansekilden., (c)Xxxx! Xxxx ikke referansekilden., (d) 6.4, Xxxx! Xxxx ikke referansekilden. or (e) above Xxxx! Xxxx ikke referansekilden. or upon its becoming due and repayable as provided in Condition 9 Xxxx! Xxxx ikke referansekilden. 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 paragraph (fCondition 6.7(b) above over 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: (ia) the date on which all amounts due in respect of such Zero Coupon Note have been paid; and (iib) five days after the date on which the full amount of the moneys payable in respect of such Zero Coupon Notes (in the case of Notes other than VP Notes) has been received by the Principal Paying Agent or the Registrar or (in the case of VP Notes) has been made available for debiting by VP in the cash account notified to VP by or on behalf of the Issuer VPS and notice to that effect has been given to the No teholders VPS Noteholders in accordance with Condition 1311.

Appears in 1 contract

Samples: Bond Trustee Agreement

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 paragraph (a), (b), (c), (d) or (e) above or upon its becoming due and repayable as provided in Condition 9 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 paragraph (f) 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: (i) the date on which all amounts due in respect of such Zero Coupon Note have been paid; and (ii) five days after the date on which the full amount of the moneys payable in respect of such Zero Coupon Notes (in the case of Notes other than VP Notes) has been received by the Principal Paying Agent or the Registrar or (in the case of VP Notes) has been made available for debiting by VP in the cash account notified to VP by or on behalf of the Issuer and notice to that effect has been given to the No teholders Noteholders in accordance with Condition 13.

Appears in 1 contract

Samples: Agency Agreement

AutoNDA by SimpleDocs

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 paragraph (a)Condition Xxxx! Xxxx ikke referansekilden., (b)Xxxx! Xxxx ikke referansekilden., (c)Xxxx! Xxxx ikke referansekilden., (d) 6.4, Xxxx! Xxxx ikke referansekilden. or (e) above Xxxx! Xxxx ikke referansekilden. or upon its becoming due and repayable as provided in Condition 9 Xxxx! Xxxx ikke referansekilden. 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 paragraph (fCondition 6.7(b) 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: (ia) the date on which all amounts due in respect of such Zero Coupon Note have been paid; and (iib) five days after the date on which the full amount of the moneys payable in respect of such Zero Coupon Notes (in the case of Notes other than VP Notes) has been received by the Principal Paying Agent or the Registrar or (in the case of VP Notes) has been made available for debiting by VP in the cash account notified to VP by or on behalf of the Issuer VPS and notice to that effect has been given to the No teholders VPS Noteholders in accordance with Condition 1311.

Appears in 1 contract

Samples: VPS Trustee Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!