Common use of Maturity Redemption Clause in Contracts

Maturity Redemption. 6.1 Subject as provided herein, the outstanding principal amount of the Bonds shall, unless previously converted into Shares or repaid in accordance with these Conditions, be repaid subject to and in accordance with these terms on the Maturity Date. The Bonds may not be repaid or otherwise redeemed other than in accordance with these Conditions. 6.2 Unless previously converted or purchased or redeemed in accordance with these Conditions, the Issuer shall redeem the Bonds on the Maturity Date at the Redemption Amount, whereupon those Bonds shall be cancelled and removed from the Register. 6.3 The Issuer shall have the right to redeem all or part (in authorised denominations) of the outstanding principal amount of Bonds at the Redemption Amount at any time on or after the first anniversary of the Issue Date and until the last day immediately preceding the Maturity Date by depositing a notice of redemption with the Bondholder at least thirty (30) days before the date of redemption (which notice may be given within thirty (30) days before the first anniversary of the Issue Date). Upon issue of such redemption notice in accordance with this Condition 6.3, the Conversion Right shall for the avoidance of doubt automatically cease. Upon such redemption those Bonds shall be cancelled and removed from the Register. 6.4 The Issuer or any of its subsidiaries may at any time and from time to time repurchase Bonds at any price as may be agreed in writing between the Issuer or such subsidiary and the relevant Bondholder. Any Bond so purchased shall forthwith be cancelled by the Issuer. 6.5 For the avoidance of doubt, the Bonds shall on payment being made by the Issuer in accordance with Condition 6.2 or (as the case may be) Condition 6.3 automatically be redeemed on the Maturity Date or pursuant to Condition 6.3, without any obligation on the Bondholder to surrender the relevant certificate(s) for cancellation or any other obligation on the part of any of the Bondholders, and the Issuer shall cause the Register to be updated accordingly.