MANDATORY EARLY REDEMPTION. If the Rapid Amortisation Period or the Regulated Amortisation Period commences in respect of any Class of Notes prior to its Scheduled Redemption Date as specified in the Applicable Supplement, then on each Interest Payment Date which thereafter occurs, such Class of Note will be redeemed pro rata to the extent of the principal amount which is deposited on such date to the Series Distribution Account in reduction of the corresponding Class of Investor Interest as specified in the Applicable Supplement until the earlier of (a) such time as such Class of Notes has been repaid in full and (b) the Series Termination Date specified in the Applicable Supplement.
MANDATORY EARLY REDEMPTION. (a) No early redemption of the NCDs (in full or part) shall be allowed, save and except as set out below: (i) Early realisation of Receivables Upon realisation of any Receivables by the Company prior to the Final Settlement Date, such Receivables shall be, forthwith, utilised to mandatorily redeem such number of NCDs which can be redeemed out of such Receivables realised in relation to the Trusts by paying the relevant Early Redemption Amount to the NCD Holders. (ii) Illegality If, at any time, it becomes or will become unlawful or contrary to any regulation in any applicable jurisdiction for a NCD Holder to fund or maintain its investment in the NCDs, such NCD Holder may require the Company to redeem its NCDs by delivering a notice to the Company. The Company shall redeem each NCD held by such NCD Holder in full by paying the applicable Early Redemption Amount. Provided, that no Make Whole Amount shall be payable in case of early redemption under this sub-clause (ii). (b) The Early Redemption Amount payable in terms of this Section shall be distributed in the manner and the priority mentioned in Clause 14.2 (Recovery Proceeds) of the Deed. (c) Upon occurrence of a Mandatory Early Redemption Event, the Debenture Trustee (acting in accordance with Approved Instructions) shall be entitled to waive such Mandatory Early Redemption Event provided the Company has provided or has caused to be provided Security Interest (in a manner acceptable to the Debenture Trustee) over such additional collateral or other assets as may be acceptable to the Debenture Trustee. In such an event, the Company shall or the Company shall cause any other Person to forthwith and no later than 5 (five) days from the date of such waiver by the Debenture Trustee provide and create Security Interest (in a manner acceptable to the Debenture Trustee) over such additional collateral or other assets as may be acceptable to the Debenture Trustee, and with clear and marketable title.
MANDATORY EARLY REDEMPTION. If the Regulated Amortisation Period or the Rapid Amortisation Period begins before the series 02-1 scheduled redemption date, then on each interest payment date after that each note of first class A, second class B, and third class C will be redeemed, in the proportion that its principal amount outstanding bears to the total principal amount outstanding of the notes of that class, to the extent of the amount which is deposited into the Series 02-1 Issuer Account towards redemption of the series 02- 1 medium term note certificate - after the amount has been exchanged for dollars under the relevant swap agreement or by the note trustee in the spot exchange market if the relevant swap agreement has been terminated. This will happen until the earliest of: o the date on which the relevant class of notes has been redeemed in full; or o the October 2009 interest payment date.
MANDATORY EARLY REDEMPTION. 7.2.1 Upon to the occurrence of a Property Sale Event, the Issuer shall, upon a respective written demand by the Bondholder to the Issuer, redeem all out- standing Bonds at the Redemption Value (Property Sale) and such Redemp- tion Value (Property Sale) shall become immediately due and payable [●] Business Days from the date of receipt of the purchase price from the sale of the Partial Property (subject to the Issuer having received all related invoices for, and other information required to calculate, the Disposal Cost incurred by the Issuer in connection with such Property Sale Event).
MANDATORY EARLY REDEMPTION. Unless otherwise indicated in the applicable Supplement, the Notes will not be subject to mandatory redemption prior to maturity. If so provided in the applicable Supplement for Notes of any offering in any Series, such Notes will be redeemable, in whole and not in part, on mandatory early redemption dates prior to their specified maturity date or upon the occurrence of certain events in such manner as specified in the applicable Supplement. The applicable Supplement will also provide the applicable mandatory Redemption Amount, which may be fixed at the time of sale of such Notes, or the method of calculating the payment amount for which such Notes will be redeemed.
MANDATORY EARLY REDEMPTION. 8.02 The Issuer shall redeem the Notes of the relevant Series, in whole, but not in part, at their “Mandatory Early Redemption Amount” (which shall be their Outstanding Principal Amount or, in the case of Notes which are non-interest bearing, their Amortized Face Amount (as defined in Condition 8.12) or such other redemption amount as may be specified in or determined in accordance with the Final Terms) together with accrued interest to the date fixed for redemption (if any):
