Common use of Purchase and Cancellation Clause in Contracts

Purchase and Cancellation. Cancellation of any Unrestricted Notes required by the Conditions of the Notes to be cancelled will be effected by the Registrar making a notation of such event in the Register. On cancellation of any such Note, the Issuer shall procure that details of such cancellation shall be entered pro rata in the records of the relevant Clearing Systems and, upon any such entry being made, the principal amount of the Notes recorded in the records of the relevant Clearing Systems and represented by this Global Note shall be reduced by the aggregate principal amount of the Notes so cancelled. Notes may only be purchased by the Issuer if (where they should be cancelled in accordance with the Conditions) they are purchased together with the right to receive all future payments of interest thereon.

Appears in 2 contracts

Samples: www.arlis.am, Fiscal Agency Agreement

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Purchase and Cancellation. Cancellation of any Unrestricted Restricted Notes required by the Conditions of the Notes to be cancelled will be effected by the Registrar making a notation of such event in the Register. On cancellation of any such Note, the Issuer shall procure that details of such cancellation shall be entered pro rata in the records of the relevant Clearing Systems and, upon any such entry being made, the principal amount of the Notes recorded in the records of the relevant Clearing Systems and represented by this Global Note shall be reduced by the aggregate principal amount of the Notes so cancelled. Notes may only be purchased by the Issuer if (where they should be cancelled in accordance with the Conditions) they are purchased together with the right to receive all future payments of interest thereon.

Appears in 2 contracts

Samples: www.arlis.am, Fiscal Agency Agreement

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Purchase and Cancellation. Cancellation On cancellation of any Unrestricted Notes Note represented by this Global Note which is required by the Conditions of the Notes to be cancelled will be effected by the Registrar making a notation of such event in the Register. On cancellation of any such Notecancelled, the Issuer shall procure that details of such cancellation shall be entered pro rata in the records of the relevant Clearing Systems and, upon any such entry being made, the principal nominal amount of the Notes recorded in the records of the relevant Clearing Systems and represented by this Global Note shall be reduced by the aggregate principal nominal amount of the Notes so cancelled. Notes may only be purchased by the Issuer or any of its Subsidiaries if (where they should be cancelled in accordance with the Conditions) they are purchased together with the right to receive all future payments of interest thereon.

Appears in 1 contract

Samples: Agency Agreement

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