Noteholders’ subscription Clause Samples
Noteholders’ subscription. (a) If the conditions set out in this Agreement have been met, and subject to Clause 9.1 (Redemption of Notes), each Noteholder shall subscribe for the relevant Notes in a Notes Subscription by the Notes Subscription Date through its Facility Office.
(b) The amount of each Noteholder’s subscription for Notes in each Notes Subscription will be equal to the proportion borne by its Available Commitment to the Available Facility immediately prior to subscribing for the relevant Notes.
(c) The Agent shall determine the Base Currency Amount of each Notes Subscription which is to be issued and subscribed for in an Optional Currency and notify each Noteholder of the amount, currency and the Base Currency Amount of each Notes Subscription and the amount of its subscription for Notes in that Notes Subscription and, if different, the amount of that subscription to be made available in cash by the Specified Time.
Noteholders’ subscription. (a) If the conditions set out in this Agreement have been met, each Noteholder shall subscribe for the relevant Notes on the Notes Subscription Date through its Facility Office.
(b) The amount to be funded by the relevant Noteholders in respect of their subscription for the Original Facility Note shall be reduced by an original issue discount of £246,551.72 (which arises in connection with the subscription of the C ordinary shares in Topco), which shall be retained by each Noteholder in an amount equal to the proportion borne by its Available Commitment to the Available Facility (in each case, in relation to the Original Facility) immediately prior to subscribing for the Original Facility Note.
(c) The amount of each Noteholder’s subscription in each Notes Subscription will be equal to the proportion borne by its Available Commitment to the Available Facility immediately prior to the subscribing for the relevant Notes.