Common use of London Business Days Clause in Contracts

London Business Days. The Senior Notes also must be redeemed upon the Issuer becoming aware of the occurrence of a Change of Control or upon any merger, consolidation or reorganization of the Issuer with any Person, or any sale, assignment, transfer, conveyance, lease or other disposition of all or substantially all of the properties or assets of the Issuer and its Subsidiaries, taken as a whole, in each case at a redemption price in cash equal to the Optional Redemption Price and in accordance with the applicable provisions of the Indenture and upon notice as provided in the Indenture. The Issuer at its option may at any time redeem all, but not less than all, of the Global Senior Notes in cash at 100% of the principal amount of such Global Senior Notes, plus any accrued and unpaid interest thereon and Additional Amounts, if any, to the Repayment Date, upon not less than 30 nor more than 60 days' notice, if, as a result of any amendment to, or change in, the laws (including any regulations or rulings thereunder) of the United Kingdom (including any European Union law or directive that has the effect of law in the United Kingdom) or any other Taxing Jurisdiction, or any amendment to or change in any official position concerning the administration, application or interpretations of such laws or regulations (including a judgment by a court of competent jurisdiction), which amendment or change is announced and effective on or after the Issue Date, the Issuer satisfies the Trustee that it has become or will become obligated to pay Additional Amounts which are more than a de minimis amount (as determined by the Issuer in its reasonable judgment) on the next date on which any amount would be payable with respect to such Global Senior Notes and the Issuer determines in good faith that such obligation cannot be avoided by the use of reasonable measures available to the Issuer (including, without limitation, by changing the jurisdiction from which or through which payments on such Global Senior Notes are made). In the event of mandatory or optional redemption of the Senior Notes, other than at Stated Maturity, the redemption price to be paid by the Issuer on the applicable Repayment Date shall be payable in United States dollars, unless the Issuer elects to make payment in British pounds sterling, which election shall be irrevocable and shall be set forth in the applicable notice of redemption. If the Issuer elects to make payment in British pounds sterling, the amount payable in respect of this Global Senior Note shall be the Sterling Equivalent of the principal amount of this Global Senior Note in United States dollars, multiplied by the applicable redemption price, multiplied by 1.005 and rounded (if necessary) to the nearest xxxxx (with (pound)0.005 being rounded upwards).

Appears in 1 contract

Samples: Deposit Agreement (Marconi Corp PLC)

AutoNDA by SimpleDocs

London Business Days. The Senior Junior Notes also must be redeemed upon the Issuer becoming aware of the occurrence of a Change of Control or upon any merger, consolidation or reorganization of the Issuer with any Person, or any sale, assignment, transfer, conveyance, lease or other disposition of all or substantially all of the properties or assets of the Issuer and its Subsidiaries, taken as a whole, in each case at a redemption price in cash equal to the Optional Redemption Price and in accordance with the applicable provisions of the Indenture and upon notice as provided in the Indenture. The Issuer at its option may at any time redeem all, but not less than all, of the Global Senior Junior Notes in cash at 100% of the principal amount of such Global Senior Junior Notes, plus any accrued and unpaid interest thereon and Additional Amounts, if any, to the Repayment Date, upon not less than 30 nor more than 60 days' notice, if, as a result of any amendment to, or change in, the laws (including any regulations or rulings thereunder) of the United Kingdom (including any European Union law or directive that has the effect of law in the United Kingdom) or any other Taxing Jurisdiction, or any amendment to or change in any official position concerning the administration, application or interpretations of such laws or regulations (including a judgment by a court of competent jurisdiction), which amendment or change is announced and effective on or after the Issue Date, the Issuer satisfies the Trustee that it has become or will become obligated to pay Additional Amounts which are more than a de minimis amount (as determined by the Issuer in its reasonable judgment) on the next date on which any amount would be payable with respect to such Global Senior Junior Notes and the Issuer determines in good faith that such obligation cannot be avoided by the use of reasonable measures available to the Issuer (including, without limitation, by changing the jurisdiction from which or through which payments on such Global Senior Junior Notes are made). In the event of mandatory or optional redemption of the Senior Junior Notes, other than at Stated Maturity, the redemption price to be paid by the Issuer on the applicable Repayment Date shall be payable in United States dollars, unless the Issuer elects to make payment in British pounds sterling, which election shall be irrevocable and shall be set forth in the applicable notice of redemption. If the Issuer elects to make payment in British pounds sterling, the amount payable in respect of this Global Senior Junior Note shall be the Sterling Equivalent of the principal amount of this Global Senior Junior Note in United States dollars, multiplied by the applicable redemption price, multiplied by 1.005 and rounded (if necessary) to the nearest xxxxx (with (pound)0.005 L0.005 being rounded upwards).

Appears in 1 contract

Samples: Deposit Agreement (Marconi Corp PLC)

London Business Days. The Senior Notes also must be redeemed upon the Issuer becoming aware of the occurrence of a Change of Control or upon any merger, consolidation or reorganization of the Issuer with any Person, or any sale, assignment, transfer, conveyance, lease or other disposition of all or substantially all of the properties or assets of the Issuer and its Subsidiaries, taken as a whole, in each case at a redemption price in cash equal to the Optional Redemption Price and in accordance with the applicable provisions of the Indenture and upon notice as provided in the Indenture. The Issuer at its option may at any time redeem all, but not less than all, of the Global affected Definitive Registered Senior Notes in cash at 100% of the principal amount of such Global Definitive Registered Senior Notes, plus any accrued and unpaid interest thereon and Additional Amounts, if any, to the Repayment Date, upon not less than 30 nor more than 60 days' notice, if, as a result of any amendment to, or change in, the laws (including any regulations or rulings thereunder) of the United Kingdom (including any European Union law or directive that has the effect of law in the United Kingdom) or any other Taxing Jurisdiction, or any amendment to or change in any official position concerning the administration, application or interpretations of such laws or regulations (including a judgment by a court of competent jurisdiction), which amendment or change is announced and effective on or after the Issue Date, the Issuer satisfies the Trustee that it has become or will become obligated to pay Additional Amounts which are more than a de minimis amount (as determined by the Issuer in its reasonable judgment) on the next date on which any amount would be payable with respect to such Global Definitive Registered Senior Notes and the Issuer determines in good faith that such obligation cannot be avoided by the use of reasonable measures available to the Issuer (including, without limitation, by changing the jurisdiction from which or through which payments on such Global Definitive Registered Senior Notes are made). In the event of mandatory or optional redemption of the Senior Notes, other than at Stated Maturity, the redemption price to be paid by the Issuer on the applicable Repayment Date shall be payable in United States dollars, unless the Issuer elects to make payment in British pounds sterling, which election shall be irrevocable and shall be set forth in the applicable notice of redemption. If the Issuer elects to make payment in British pounds sterling, the amount payable in respect of this Global Definitive Registered Senior Note shall be the Sterling Equivalent of the principal amount of this Global Definitive Registered Senior Note in United States dollars, multiplied by the applicable redemption price, multiplied by 1.005 and rounded (if necessary) to the nearest xxxxx (with (pound)0.005 being rounded upwards).

Appears in 1 contract

Samples: Deposit Agreement (Marconi Corp PLC)

London Business Days. The Senior Notes also must be redeemed upon the Issuer becoming aware of the occurrence of a Change of Control or upon any merger, consolidation or reorganization of the Issuer with any Person, or any sale, assignment, transfer, conveyance, lease or other disposition of all or substantially all of the properties or assets of the Issuer and its Subsidiaries, taken as a whole, in each case at a redemption price in cash equal to the Optional Redemption Price and in accordance with the applicable provisions of the Indenture and upon notice as provided in the Indenture. The Issuer at its option may at any time redeem all, but not less than all, of the Global affected Definitive Registered Senior Notes in cash at 100% of the principal amount of such Global Definitive Registered Senior Notes, plus any accrued and unpaid interest thereon and Additional Amounts, if any, to the Repayment Date, upon not less than 30 nor more than 60 days' notice, if, as a result of any amendment to, or change in, the laws (including any regulations or rulings thereunder) of the United Kingdom (including any European Union law or directive that has the effect of law in the United Kingdom) or any other Taxing Jurisdiction, or any amendment to or change in any official position concerning the administration, application or interpretations of such laws or regulations (including a judgment by a court of competent jurisdiction), which amendment or change is announced and effective on or after the Issue Date, the Issuer satisfies the Trustee that it has become or will become obligated to pay Additional Amounts which are more than a de minimis amount (as determined by the Issuer in its reasonable judgment) on the next date on which any amount would be payable with respect to such Global Definitive Registered Senior Notes and the Issuer determines in good faith that such obligation cannot be avoided by the use of reasonable measures available to the Issuer (including, without limitation, by changing the jurisdiction from which or through which payments on such Global Definitive Registered Senior Notes are made). In the event of mandatory or optional redemption of the Senior Notes, other than at Stated Maturity, the redemption price to be paid by the Issuer on the applicable Repayment Date shall be payable in United States dollars, unless the Issuer elects to make payment in British pounds sterling, which election shall be irrevocable and shall be set forth in the applicable notice of redemption. If the Issuer elects to make payment in British pounds sterling, the amount payable in respect of this Global Definitive Registered Senior Note shall be the Sterling Equivalent of the principal amount of this Global Definitive Registered Senior Note in United States dollars, multiplied by the applicable redemption price, multiplied by 1.005 and rounded (if necessary) to the nearest xxxxx (with (pound)0.005 L0.005 being rounded upwards).

Appears in 1 contract

Samples: Deposit Agreement (Marconi Corp PLC)

London Business Days. The Senior Notes also must be redeemed upon the Issuer becoming aware of the occurrence of a Change of Control or upon any merger, consolidation or reorganization of the Issuer with any Person, or any sale, assignment, transfer, conveyance, lease or other disposition of all or substantially all of the properties or assets of the Issuer and its Subsidiaries, taken as a whole, in each case at a redemption price in cash equal to the Optional Redemption Price and in accordance with the applicable provisions of the Indenture and upon notice as provided in the Indenture. The Issuer at its option may at any time redeem all, but not less than all, of the Global Senior Notes in cash at 100% of the principal amount of such Global Senior Notes, plus any accrued and unpaid interest thereon and Additional Amounts, if any, to the Repayment Date, upon not less than 30 nor more than 60 days' notice, if, as a result of any amendment to, or change in, the laws (including any regulations or rulings thereunder) of the United Kingdom (including any European Union law or directive that has the effect of law in the United Kingdom) or any other Taxing Jurisdiction, or any amendment to or change in any official position concerning the administration, application or interpretations of such laws or regulations (including a judgment by a court of competent jurisdiction), which amendment or change is announced and effective on or after the Issue Date, the Issuer satisfies the Trustee that it has become or will become obligated to pay Additional Amounts which are more than a de minimis amount (as determined by the Issuer in its reasonable judgment) on the next date on which any amount would be payable with respect to such Global Senior Notes and the Issuer determines in good faith that such obligation cannot be avoided by the use of reasonable measures available to the Issuer (including, without limitation, by changing the jurisdiction from which or through which payments on such Global Senior Notes are made). In the event of mandatory or optional redemption of the Senior Notes, other than at Stated Maturity, the redemption price to be paid by the Issuer on the applicable Repayment Date shall be payable in United States dollars, unless the Issuer elects to make payment in British pounds sterling, which election shall be irrevocable and shall be set forth in the applicable notice of redemption. If the Issuer elects to make payment in British pounds sterling, the amount payable in respect of this Global Senior Note shall be the Sterling Equivalent of the principal amount of this Global Senior Note in United States dollars, multiplied by the applicable redemption price, multiplied by 1.005 and rounded (if necessary) to the nearest xxxxx (with (pound)0.005 L0.005 being rounded upwards).

Appears in 1 contract

Samples: Deposit Agreement (Marconi Corp PLC)

AutoNDA by SimpleDocs

London Business Days. The Senior Junior Notes also must be redeemed upon the Issuer becoming aware of the occurrence of a Change of Control or upon any merger, consolidation or reorganization of the Issuer with any Person, or any sale, assignment, transfer, conveyance, lease or other disposition of all or substantially all of the properties or assets of the Issuer and its Subsidiaries, taken as a whole, in each case at a redemption price in cash equal to the Optional Redemption Price and in accordance with the applicable provisions of the Indenture and upon notice as provided in the Indenture. The Issuer at its option may at any time redeem all, but not less than all, of the Global Senior affected Definitive Registered Junior Notes in cash at 100% of the principal amount of such Global Senior Definitive Registered Junior Notes, plus any accrued and unpaid interest thereon and Additional Amounts, if any, to the Repayment Date, upon not less than 30 nor more than 60 days' notice, if, as a result of any amendment to, or change in, the laws (including any regulations or rulings thereunder) of the United Kingdom (including any European Union law or directive that has the effect of law in the United Kingdom) or any other Taxing Jurisdiction, or any amendment to or change in any official position concerning the administration, application or interpretations of such laws or regulations (including a judgment by a court of competent jurisdiction), which amendment or change is announced and effective on or after the Issue Date, the Issuer satisfies the Trustee that it has become or will become obligated to pay Additional Amounts which are more than a de minimis amount (as determined by the Issuer in its reasonable judgment) on the next date on which any amount would be payable with respect to such Global Senior Definitive Registered Junior Notes and the Issuer determines in good faith that such obligation cannot be avoided by the use of reasonable measures available to the Issuer (including, without limitation, by changing the jurisdiction from which or through which payments on such Global Senior Definitive Registered Junior Notes are made). In the event of mandatory or optional redemption of the Senior Junior Notes, other than at Stated Maturity, the redemption price to be paid by the Issuer on the applicable Repayment Date shall be payable in United States dollars, unless the Issuer elects to make payment in British pounds sterling, which election shall be irrevocable and shall be set forth in the applicable notice of redemption. If the Issuer elects to make payment in British pounds sterling, the amount payable in respect of this Global Senior Definitive Registered Junior Note shall be the Sterling Equivalent of the principal amount of this Global Senior Definitive Registered Junior Note in United States dollars, multiplied by the applicable redemption price, multiplied by 1.005 and rounded (if necessary) to the nearest xxxxx (with (pound)0.005 L0.005 being rounded upwards).

Appears in 1 contract

Samples: Deposit Agreement (Marconi Corp PLC)

London Business Days. The Senior Junior Notes also must be redeemed upon the Issuer becoming aware of the occurrence of a Change of Control or upon any merger, consolidation or reorganization of the Issuer with any Person, or any sale, assignment, transfer, conveyance, lease or other disposition of all or substantially all of the properties or assets of the Issuer and its Subsidiaries, taken as a whole, in each case at a redemption price in cash equal to the Optional Redemption Price and in accordance with the applicable provisions of the Indenture and upon notice as provided in the Indenture. The Issuer at its option may at any time redeem all, but not less than all, of the Global Senior Junior Notes in cash at 100% of the principal amount of such Global Senior Junior Notes, plus any accrued and unpaid interest thereon and Additional Amounts, if any, to the Repayment Date, upon not less than 30 nor more than 60 days' notice, if, as a result of any amendment to, or change in, the laws (including any regulations or rulings thereunder) of the United Kingdom (including any European Union law or directive that has the effect of law in the United Kingdom) or any other Taxing Jurisdiction, or any amendment to or change in any official position concerning the administration, application or interpretations of such laws or regulations (including a judgment by a court of competent jurisdiction), which amendment or change is announced and effective on or after the Issue Date, the Issuer satisfies the Trustee that it has become or will become obligated to pay Additional Amounts which are more than a de minimis amount (as determined by the Issuer in its reasonable judgment) on the next date on which any amount would be payable with respect to such Global Senior Junior Notes and the Issuer determines in good faith that such obligation cannot be avoided by the use of reasonable measures available to the Issuer (including, without limitation, by changing the jurisdiction from which or through which payments on such Global Senior Junior Notes are made). In the event of mandatory or optional redemption of the Senior Junior Notes, other than at Stated Maturity, the redemption price to be paid by the Issuer on the applicable Repayment Date shall be payable in United States dollars, unless the Issuer elects to make payment in British pounds sterling, which election shall be irrevocable and shall be set forth in the applicable notice of redemption. If the Issuer elects to make payment in British pounds sterling, the amount payable in respect of this Global Senior Junior Note shall be the Sterling Equivalent of the principal amount of this Global Senior Junior Note in United States dollars, multiplied by the applicable redemption price, multiplied by 1.005 and rounded (if necessary) to the nearest xxxxx (with (pound)0.005 being rounded upwards).

Appears in 1 contract

Samples: Deposit Agreement (Marconi Corp PLC)

London Business Days. The Senior Junior Notes also must be redeemed upon the Issuer becoming aware of the occurrence of a Change of Control or upon any merger, consolidation or reorganization of the Issuer with any Person, or any sale, assignment, transfer, conveyance, lease or other disposition of all or substantially all of the properties or assets of the Issuer and its Subsidiaries, taken as a whole, in each case at a redemption price in cash equal to the Optional Redemption Price and in accordance with the applicable provisions of the Indenture and upon notice as provided in the Indenture. The Issuer at its option may at any time redeem all, but not less than all, of the Global Senior affected Definitive Registered Junior Notes in cash at 100% of the principal amount of such Global Senior Definitive Registered Junior Notes, plus any accrued and unpaid interest thereon and Additional Amounts, if any, to the Repayment Date, upon not less than 30 nor more than 60 days' notice, if, as a result of any amendment to, or change in, the laws (including any regulations or rulings thereunder) of the United Kingdom (including any European Union law or directive that has the effect of law in the United Kingdom) or any other Taxing Jurisdiction, or any amendment to or change in any official position concerning the administration, application or interpretations of such laws or regulations (including a judgment by a court of competent jurisdiction), which amendment or change is announced and effective on or after the Issue Date, the Issuer satisfies the Trustee that it has become or will become obligated to pay Additional Amounts which are more than a de minimis amount (as determined by the Issuer in its reasonable judgment) on the next date on which any amount would be payable with respect to such Global Senior Definitive Registered Junior Notes and the Issuer determines in good faith that such obligation cannot be avoided by the use of reasonable measures available to the Issuer (including, without limitation, by changing the jurisdiction from which or through which payments on such Global Senior Definitive Registered Junior Notes are made). In the event of mandatory or optional redemption of the Senior Junior Notes, other than at Stated Maturity, the redemption price to be paid by the Issuer on the applicable Repayment Date shall be payable in United States dollars, unless the Issuer elects to make payment in British pounds sterling, which election shall be irrevocable and shall be set forth in the applicable notice of redemption. If the Issuer elects to make payment in British pounds sterling, the amount payable in respect of this Global Senior Definitive Registered Junior Note shall be the Sterling Equivalent of the principal amount of this Global Senior Definitive Registered Junior Note in United States dollars, multiplied by the applicable redemption price, multiplied by 1.005 and rounded (if necessary) to the nearest xxxxx (with (pound)0.005 being rounded upwards).

Appears in 1 contract

Samples: Deposit Agreement (Marconi Corp PLC)

Time is Money Join Law Insider Premium to draft better contracts faster.