Optional Redemption in Full. Provided a Note Acceleration Notice has not been served and subject to the provisos below, upon giving not more than 60 nor less than 30 days' prior notice (or, in the case of (a) and (b) below, not more than 30 days nor less than five days' prior notice) to the Note Trustee, Principal Paying Agent, the U.S. Paying Agent and the Noteholders in accordance with Condition 14 (Notice to Noteholders), the Issuer may redeem all but not some only of any Class of Notes at the Principal Amount Outstanding of such Notes together with any accrued and unpaid interest in respect thereof: (a) on the Interest Payment Date falling in 18 March 2011 and on any Interest Payment Date thereafter provided that, in the case of redemption of the Class Z Notes, the Class A Notes have been redeemed in full; or (b) on such Interest Payment Date on which the aggregate Principal Amount Outstanding of such Notes and all other Classes of Notes is less than 10 per cent. of the aggregate Principal Amount Outstanding of such Notes as at the Closing Date, provided that (in either of the cases above), on or prior to giving any such notice the Issuer shall have provided to the Note Trustee a certificate signed by two directors of the Issuer to the effect that it will have the funds, not subject to any interest of any other person, required to redeem such Notes as aforesaid and any amounts required to be paid in priority to or pari passu with such Notes outstanding in accordance with the terms and conditions of the Issuer Deed of Charge and the Issuer Cash Management Agreement.
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Samples: Fourth Supplemental Note Trust Deed
Optional Redemption in Full. Provided a Note Acceleration Notice has not been served and subject to the provisos below, upon giving not more than 60 nor less than 30 15 days' prior notice (or, in the case of (a) and or (b) below, not more than 30 days nor less than five days' prior notice) to the Note Trustee, Principal Paying Agent, the U.S. Paying Agent and the Series 2011-2 Noteholders in accordance with Condition 14 (Notice to Noteholders), the Issuer may redeem all but not some only of any Class of Series 2011-2 Notes at the Principal Amount Outstanding of such Series 2011-2 Notes together with any accrued and unpaid interest in respect thereof:
(a) on the Interest Payment Date falling in 18 March 2011 September 2016 and on any Interest Payment Date thereafter provided that, in the case of the redemption of the Series 2011-2 Class Z Notes, the Series 2011-2 Class A Notes have been redeemed in full; or
(b) on such Interest Payment Date on which the aggregate Principal Amount Outstanding of such Class of Series 2011-2 Notes and all other Classes of the Series 2011-2 Notes is less than 10 per cent. of the aggregate Principal Amount Outstanding of such the Series 2011-2 Notes as at the Closing Date, provided that (in either of the cases above), on or prior to giving any such notice the Issuer shall have provided to the Note Trustee a certificate signed by two directors of the Issuer to the effect that it will have the funds, not subject to any interest of any other person, required to redeem such Class of the Series 2011-2 Notes as aforesaid and any amounts required to be paid in priority to or pari passu with such Class of the Series 2011-2 Notes outstanding in accordance with the terms and conditions of the Issuer Deed of Charge and the Issuer Cash Management Agreement.
Appears in 1 contract
Samples: Fourth Supplemental Note Trust Deed
Optional Redemption in Full. Provided a Note Acceleration Notice has not been served and subject to the provisos below, upon giving not more than 60 nor less than 30 days' prior notice (or, in the case of (a) and (b) below, not more than 30 days nor less than five days' prior notice) to the Note Trustee, Principal Paying Agent, the U.S. Paying Agent and the Noteholders in accordance with Condition 14 (Notice to Noteholders), the Issuer may redeem all but not some only of any Class of Notes at the Principal Amount Outstanding of such Notes together with any accrued and unpaid interest in respect thereof:
(a) on the Interest Payment Date falling in 18 March 2011 and on any Interest Payment Date thereafter provided that, in the case of redemption of the Class Z Notes, the Class A Notes have been redeemed in full; or
(b) on such Interest Payment Date on which the aggregate Principal Amount Outstanding of such Notes and all other Classes of Notes is less than 10 per cent. of the aggregate Principal Amount Outstanding of such Notes as at the Closing DateDate or the Second Issue Closing Date (as applicable), provided that (in either of the cases above), on or prior to giving any such notice the Issuer shall have provided to the Note Trustee a certificate signed by two directors of the Issuer to the effect that it will have the funds, not subject to any interest of any other person, required to redeem such Notes as aforesaid and any amounts required to be paid in priority to or pari passu with such Notes outstanding in accordance with the terms and conditions of the Issuer Deed of Charge and the Issuer Cash Management Agreement.
Appears in 1 contract
Samples: Second Supplemental Note Trust Deed
Optional Redemption in Full. Provided a Note Acceleration Notice has not been served and subject to the provisos below, upon giving not more than 60 nor less than 30 15 days' prior notice (or, in the case of (a) and or (b) below, not more than 30 days nor less than five days' prior notice) to the Note Trustee, Principal Paying Agent, the U.S. Paying Agent and the Noteholders in accordance with Condition 14 (Notice to Noteholders), the Issuer may redeem all but not some only of any Class of Notes at the Principal Amount Outstanding of such Notes together with any accrued and unpaid interest in respect thereof:
(a) on the Interest Payment Date falling in 18 March June 2011 and on any Interest Payment Date thereafter provided that, in the case of redemption of the Class Z Notes, the Class A Notes have been redeemed in full; or
(b) on such Interest Payment Date on which the aggregate Principal Amount Outstanding of such Notes and all other Classes of Notes is less than 10 per cent. of the aggregate Principal Amount Outstanding of such Notes as at the Closing Date, provided that (in either of the cases above), on or prior to giving any such notice the Issuer shall have provided to the Note Trustee a certificate signed by two directors of the Issuer to the effect that it will have the funds, not subject to any interest of any other person, required to redeem such Notes as aforesaid and any amounts required to be paid in priority to or pari passu with such Notes outstanding in accordance with the terms and conditions of the Issuer Deed of Charge and the Issuer Cash Management Agreement.
Appears in 1 contract
Samples: Third Supplemental Note Trust Deed
Optional Redemption in Full. Provided a Note Acceleration Notice has not been served and subject to the provisos below, upon giving not more than 60 nor less than 30 days' prior written notice (or, in the case of (a) and (b) below, not more than 30 days nor less than five days' prior notice) to the Note Trustee, Principal Paying Agent, the U.S. Paying Agent relevant Master Issuer Swap Provider(s) and the Noteholders in accordance with Condition 14 (Notice to Noteholders)CONDITION 14, the Master Issuer may redeem all but not some only of any a Series and Class of Notes at the Principal their aggregate Redemption Amount Outstanding of such Notes together with any accrued and unpaid interest in respect thereofthereof on the following dates:
(a) on the Interest Payment date specified as the Call Option Date falling (if any) for such Series and Class of Notes in 18 March 2011 the applicable Final Terms and on any Interest Payment Date thereafter provided that, in the case for such Series and Class of redemption of the Class Z Notes, the Class A Notes have been redeemed in fullthereafter; or
(b) the date specified as the Step-Up Date for such Series and Class of Notes in the applicable Final Terms and on any Interest Payment Date for such Series and Class of Notes thereafter; and
(c) on such Interest Payment Date on which the aggregate Principal Amount Outstanding of such Series and Class of Notes and all other Classes of Notes of the same Series is less than 10 per cent. 10% of the aggregate Principal Amount Outstanding of such Series of Notes as at the Closing DateDate on which such Series of Notes were issued, provided that PROVIDED THAT (in either of the cases above), on or prior to giving any such notice notice, the Master Issuer shall have provided to the Note Trustee a certificate signed by two directors of the Master Issuer to the effect that (i) it will have the funds, not subject necessary funds to any interest pay all amounts due in respect of any the relevant Series and Class of Notes on the Relevant Interest Payment Date and to discharge all other person, required to redeem such Notes as aforesaid and any amounts required to be paid by it on the relevant Interest Payment Date in priority to or pari passu with such Series and Class of Notes outstanding in accordance with the terms and conditions applicable Master Issuer Priority of the Issuer Deed of Charge and the Issuer Cash Management AgreementPayments.
Appears in 1 contract
Samples: Second Supplemental Master Issuer Trust Deed (Permanent Funding (No. 2) LTD)