Procedure for Redemption. 6.1 In the event of a redemption occurring pursuant to Condition 5 as aforesaid, the Noteholder shall give notice of redemption to the Issuer and present the original of the Certificate to the Issuer at its address specified in Condition 13 for redemption of the whole or such part (as the case may be) of the Note outstanding at the relevant Redemption Amount subject to the following provisions of this Condition 6. The Noteholder shall also do and execute or procure to be done and executed all such further acts, deeds, documents and things as may be reasonable and appropriate for it to do or execute or procure to be done in order to implement and complete the redemption subject to the terms and conditions herein contained. 6.2 The payment of the Redemption Amount to the Noteholder shall be made within sixty (60) days of the date of issue of the notice of redemption to the Issuer in accordance with Condition 6. 1. The redemption shall be effective and the original of the Certificate cancelled upon the payment of the Redemption Amount to the designated account. If the Issuer fails to pay the Redemption Amount in accordance with the Conditions, IPO shall not proceed and the Noteholder is entitled to at any time thereafter exercise all rights available to it at law including but not limited to undertaking a conversion in accordance with Condition 8.
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Samples: Agreement in Respect of the Issue of Note (Acquity Group LTD), Note Issuance Agreement (Acquity Group LTD)
