PAYMENTS ON OFFSHORE NOTES Sample Clauses

PAYMENTS ON OFFSHORE NOTES. 2.1 Principal amount (a) Subject to clause 2.3, the aggregate principal amount of the Class A Notes is limited to US$[*]. (b) The aggregate principal amount of the Class B Notes is limited to US$[*]. -------------------------------------------------------------------------------- Page 6 -------------------------------------------------------------------------------- 2.2 Covenant to repay (a) The Trustee covenants with the Note Trustee that the Trustee will, in accordance with the terms of the Offshore Notes (including the Conditions) and the Transaction Documents (and subject to the terms of the Transaction Documents and the Conditions, including clause 29 of this deed and the relevant Condition 6) on: (i) the Maturity Date of the Offshore Notes; or (ii) each earlier date as the Offshore Notes, or any of them, may become repayable (whether in full or in part), pay or procure to be paid unconditionally to or to the order of the Note Trustee in US$ in [London] for immediate value the principal amount of the Offshore Notes repayable, or in the case of a partial payment of the Offshore Notes, the principal amount payable, subject to and in accordance with the terms of the Offshore Notes (including the Conditions). (b) Subject to clause 2.3 and to the terms of the Offshore Notes (including the Conditions) and the Transaction Documents, until any payment as well after as before any judgment or other order of a court of competent jurisdiction the Trustee shall pay or procure to be paid unconditionally to or to the order of the Note Trustee: (i) any interest, at the respective rates calculated from time to time, in accordance with and on the dates provided for in the Class A Conditions and the Class B Conditions respectively; and (ii) principal payable at the times and in the amounts as may be determined in accordance with Class A Condition 5 or Class B Condition 5, as the case may be. (c) The Note Trustee shall hold the benefit of the covenant in this clause 2.2, and all other rights of the Offshore Noteholders under the Offshore Notes, on trust for the benefit of the Offshore Noteholders.