Common use of Redemption at maturity Clause in Contracts

Redemption at maturity. Unless previously redeemed or purchased and cancelled as specified below, each Note will be redeemed by the Issuer at its Final Redemption Amount specified in the applicable Final Terms in the relevant Specified Currency on the Maturity Date specified in the applicable Final Terms, subject as provided in the next paragraph. If Statutory Extended Final Maturity is specified as applicable in the Final Terms for a Series of Notes and the Issuer has both (i) failed to pay the Final Redemption Amount in full on the Maturity Date specified in the applicable Final Terms and (ii) received a Statutory Maturity Extension Approval, then (subject as provided below) the Issuer’s obligation to pay any part of the Final Redemption Amount not paid by the Issuer on the Maturity Date will be automatically deferred until the Statutory Extended Final Maturity Date specified in the applicable Final Terms, provided that any amount representing the Final Redemption Amount (or any part of it) due and remaining unpaid on the Maturity Date may be paid by the Issuer on any Interest Payment Date occurring thereafter up to (and including) the relevant Statutory Extended Final Maturity Date. The Issuer shall confirm to the Rating Agencies, any relevant Swap Provider and the Agent as soon as reasonably practicable and in any event at least 4 Business Days in London prior to the Maturity Date if the Final Redemption Amount in respect of a Series of Notes will not be paid in full on that Maturity Date. Any failure by the Issuer to notify such parties shall not affect the validity or effectiveness of the extension nor give rise to any rights in any such party. If, where Statutory Extended Final Maturity is specified as being applicable in the applicable Final Terms, a Statutory Maturity Extension Approval is received, the Issuer shall give not less than 30 days’ notice of such extension to the Noteholders and the Couponholders (or, if the Statutory Maturity Extension Approval is received 30 days or fewer prior to the Maturity Date, the Issuer shall give notice of such extension to the Noteholders and the Couponholders as soon as reasonably practicable before the Maturity Date) in accordance with Condition 11 (provided, however, that any failure by the Issuer to give such notice shall not in any event affect the validity or effectiveness of the extension nor give any Noteholder or Couponholder any right to receive any payment of interest, principal or otherwise with respect to the relevant Notes other than as provided for in these Conditions). Where the applicable Final Terms for a relevant Series of Notes provides that Statutory Extended Final Maturity is applicable and the Issuer has received a Statutory Maturity Extension Approval, a failure by the Issuer to pay the Final Redemption Amount in full on the Maturity Date shall not constitute a default in payment.

Redemption at maturity. Unless previously redeemed or purchased and cancelled as specified below, each Note will be redeemed by the Issuer at its Final Redemption Amount specified in the applicable Final Terms in the relevant Specified Currency on the Maturity Date specified in the applicable Final Terms, subject as provided in the next paragraph. If Statutory Extended Final Maturity is specified as applicable in the applicable Final Terms for a Series of Notes and the Issuer has both (i) received a Statutory Maturity Extension Approval and (ii) failed to pay the Final Redemption Amount in full on the Maturity Date specified in the applicable Final Terms and (ii) received a Statutory Maturity Extension ApprovalTerms, then (subject as provided below) the Issuer’s obligation to pay any part of the Final Redemption Amount not paid by the Issuer on the Maturity Date will shall be automatically deferred until the Statutory Extended Final Maturity Date specified in the applicable Final Terms, provided that any amount representing all or part of the Final Redemption Amount (or any part of it) due and remaining unpaid on the Maturity Date may be paid by the Issuer on any Interest Payment Date occurring thereafter up to (and including) the relevant Statutory Extended Final Maturity Date. The Issuer shall confirm to the Rating Agencies, any relevant Swap Provider and the Agent as soon as reasonably practicable and in any event at least 4 Business Days in London prior to the Maturity Date if of any inability of the Issuer to pay in full the Final Redemption Amount in respect of a Series of Notes will not be paid in full on that Maturity Date. Any failure by the Issuer to notify such parties (other than the Agent) shall not affect the validity or effectiveness of the extension nor give rise to any rights in any such party. If, where Statutory Extended Final Maturity is specified as being applicable in the applicable Final Terms, a Statutory Maturity Extension Approval is received, the Issuer shall give not less than 30 days’ notice of such extension approval to the Noteholders and the Couponholders (or, if the Statutory Maturity Extension Approval is received 30 days or fewer prior to no later than on the Maturity Date, the Issuer shall give notice of such extension to the Noteholders and the Couponholders as soon as reasonably practicable before the Maturity Date) in accordance with Condition 11 Date (provided, however, that any failure by the Issuer to give such notice shall not in any event affect the validity or effectiveness of the extension nor of maturity or give any Noteholder or Couponholder any right to receive any payment of interest, principal or otherwise with respect to the relevant Notes other than as provided for in these the Conditions). Where the applicable Final Terms for a relevant Series of Notes provides that Statutory Extended Final Maturity is applicable and the Issuer has received a Statutory Maturity Extension Approval, Approval a failure by the Issuer to pay the Final Redemption Amount in full on the Maturity Date shall not constitute a default in payment.

Redemption at maturity. Unless previously redeemed or purchased and cancelled as specified below, each Note will be redeemed by the Issuer at its Final Redemption Amount specified in the applicable Final Terms in the relevant Specified Currency on the Maturity Date specified in the applicable Final Terms, subject as provided in the next paragraph. If Statutory Extended Final Maturity is specified as applicable in the applicable Final Terms for a Series of Notes and the Issuer has both (i) received a Statutory Maturity Extension Approval and (ii) failed to pay the Final Redemption Amount in full on the Maturity Date specified in the applicable Final Terms and (ii) received a Statutory Maturity Extension ApprovalTerms, then (subject as provided below) the Issuer’s obligation to pay any part of the Final Redemption Amount not paid by the Issuer on the Maturity Date will shall be automatically deferred until the Statutory Extended Final Maturity Date specified in the applicable Final Terms, provided that any amount representing the Final Redemption Amount (or any part of it) due and remaining unpaid on the Maturity Date may be paid by the Issuer on any Interest Payment Date occurring thereafter up to (and including) the relevant Statutory Extended Final Maturity Date. The Issuer shall confirm to the Rating Agencies, any relevant Swap Provider and the Agent as soon as reasonably practicable and in any event at least 4 Business Days in London prior to the Maturity Date if of any inability of the Issuer to pay in full the Final Redemption Amount in respect of a Series of Notes will not be paid in full on that Maturity Date. Any failure by the Issuer to notify such parties (other than the Agent) shall not affect the validity or effectiveness of the extension nor give rise to any rights in any such party. If, where Statutory Extended Final Maturity is specified as being applicable in the applicable Final Terms, a Statutory Maturity Extension Approval is received, the Issuer shall give not less than 30 days’ notice of such extension to the Noteholders and the Couponholders (or, if the Statutory Maturity Extension Approval is received 30 days or fewer prior to the Maturity Date, the Issuer shall give notice of such extension to the Noteholders and the Couponholders as soon as reasonably practicable before the Maturity Date) in accordance with Condition 11 (provided, however, that any failure by the Issuer to give such notice shall not in any event affect the validity or effectiveness of the extension nor give any Noteholder or Couponholder any right to receive any payment of interest, principal or otherwise with respect to the relevant Notes other than as provided for in these Conditions). Where the applicable Final Terms for a relevant Series of Notes provides that Statutory Extended Final Maturity is applicable applies to the Notes and the Issuer has received a Statutory Maturity Extension Approval, a failure by the Issuer to pay the Final Redemption Amount in full on the Maturity Date shall not constitute a default in payment.

Redemption at maturity. Unless previously redeemed redeemed, or purchased and cancelled or unless such Covered Bond is stated in the Final Terms as specified belowhaving no fixed maturity date, each Note will this Covered Bond shall be redeemed by the Issuer at its Final Redemption Amount specified in the applicable Final Terms in the relevant Specified Currency on the Maturity Date specified in the applicable Final Terms, subject as provided in the next paragraph. If Statutory Extended Final Maturity Date. Without prejudice to Condition 7, if an Extended Due for Payment Date is specified as applicable in the Final Terms for a Series of Notes Covered Bonds and the Issuer has both (i) failed to pay the Final Redemption Amount in full on the Final Maturity Date specified in the applicable Final Terms and (iior after expiry of the grace period set out in Condition 7.01(a)) received and, following service of a Statutory Notice to Pay on the Guarantor by no later than the date falling one Business Day prior to the Extension Determination Date, the Guarantor has insufficient moneys available in accordance with the Guarantee Priority of Payments to pay in full the Guaranteed Amounts corresponding to the Final Redemption Amount of the relevant Series of Covered Bonds on the date falling on the earlier of (a) the date which falls two Business Days after service of such Notice to Pay on the Guarantor or, if later, the Final Maturity Date (or, in each case, after the expiry of the grace period set out in Condition 7.02) under the terms of the Covered Bond Guarantee or (b) the Extension ApprovalDetermination Date, then (subject as provided below) the Issuer’s obligation to pay any part payment of the Final Redemption Amount not paid unpaid amount by the Issuer on Guarantor under the Maturity Date will Covered Bond Guarantee shall be automatically deferred until the Statutory Extended Final Maturity Date specified in the applicable Final TermsDue for Payment Date, provided that in respect of any amount representing the Final Redemption Amount (or any part of it) due and remaining unpaid on the Maturity Date may be paid by earlier of (a) and (b) above, the Issuer Guarantor will apply any moneys available (after paying or providing for payment of higher ranking or pari passu amounts in accordance with the Guarantee Priority of Payments) to pay the Guaranteed Amounts corresponding to the Final Redemption Amount of the relevant Series of Covered Bonds on any Interest Payment Date occurring thereafter up to (and including) the relevant Statutory Extended Final Maturity Due for Payment Date. The Issuer shall confirm to the Rating Agencies, any relevant Swap Provider Issuing and the Paying Agent as soon as reasonably practicable and in any event at least 4 Business Days in London prior to the Final Maturity Date if of such Series of Covered Bonds whether payment will be made in full of the Final Redemption Amount in respect of such Series of Covered Bonds on that Final Maturity Date. The Guarantor shall notify the relevant holders of the Covered Bonds (in accordance with Condition 14), the Rating Agencies, the Bond Trustee, the Issuing and Paying Agent and the Registrar (in the case of Registered Covered Bonds) as soon as reasonably practicable and in any event at least one Business Day prior to the dates specified in (a) and (b) of the second paragraph of this Condition 6.01 of any inability of the Guarantor to pay in full the Guaranteed Amounts corresponding to the Final Redemption Amount in respect of a Series of Notes will not be paid in full on that Maturity DateCovered Bonds pursuant to the Covered Bond Guarantee. Any failure by the Issuer Guarantor to notify such parties shall not affect the validity or effectiveness of the extension nor give rise to any rights in any such party. IfIn the circumstances outlined above, where Statutory Extended the Guarantor shall on the earlier of (a) the date falling two Business Days after the service of a Notice to Pay on the Guarantor or if later the Final Maturity is specified as being applicable in the applicable Final Terms, a Statutory Maturity Extension Approval is received, the Issuer shall give not less than 30 days’ notice of such extension to the Noteholders and the Couponholders Date (or, if in each case, after the Statutory Maturity expiry of the applicable grace period set out in Condition 7.02) and (b) the Extension Approval is received 30 days or fewer prior to the Maturity Determination Date, under the Issuer shall give notice Covered Bond Guarantee, apply the moneys (if any) available (after paying or providing for payment of such extension to the Noteholders and the Couponholders as soon as reasonably practicable before the Maturity Date) higher ranking or pari passu amounts in accordance with Condition 11 (provided, however, that any failure by the Issuer to give such notice shall not Guarantee Priority of Payments) pro rata in any event affect the validity or effectiveness of the extension nor give any Noteholder or Couponholder any right to receive any part payment of interest, principal or otherwise with respect an amount equal to the relevant Notes other than as provided for in these Conditions). Where the applicable Final Terms for a relevant Series of Notes provides that Statutory Extended Final Maturity is applicable and the Issuer has received a Statutory Maturity Extension Approval, a failure by the Issuer to pay the Final Redemption Amount of each Covered Bond of the relevant Series of Covered Bonds and shall pay Guaranteed Amounts constituting the Scheduled Interest in full respect of each such Covered Bond on such date. The obligation of the Maturity Date Guarantor to pay any amounts in respect of the balance of the Final Redemption Amount not so paid shall be deferred as described above. Such failure to pay by the Guarantor shall not constitute a default Guarantor Event of Default. Any discharge of the obligations of the Issuer as the result of the payment of Excess Proceeds to the Bond Trustee shall be disregarded for the purposes of determining the amounts to be paid by the Guarantor under the Covered Bond Guarantee in payment.connection with this Condition 6.01. For the purposes of these Terms and Conditions:

Redemption at maturity. Unless previously redeemed redeemed, or purchased and cancelled or unless such Covered Bond is stated in the Final Terms as specified belowhaving no fixed maturity date, each Note will this Covered Bond shall be redeemed by the Issuer at its Final Redemption Amount specified in the applicable Final Terms in the relevant Specified Currency on the Maturity Date specified in the applicable Final Terms, subject as provided in the next paragraph. If Statutory Extended Final Maturity Date. Without prejudice to Condition 7, if an Extended Due for Payment Date is specified as applicable in the Final Terms for a Series of Notes Covered Bonds and the Issuer has both (i) failed to pay the Final Redemption Amount in full on the Final Maturity Date specified in the applicable Final Terms and (iior after expiry of the grace period set out in Condition 7.01(a)) received and, following service of a Statutory Notice to Pay on the Guarantor by no later than the date falling one Business Day prior to the Extension Determination Date, the Guarantor has insufficient moneys available in accordance with the Guarantee Priority of Payments to pay in full the Guaranteed Amounts corresponding to the Final Redemption Amount of the relevant Series of Covered Bonds on the date falling on the earlier of (a) the date which falls two Business Days after service of such Notice to Pay on the Guarantor or, if later, the Final Maturity Date (or, in each case, after the expiry of the grace period set out in Condition 7.02) under the terms of the Covered Bond Guarantee or (b) the Extension ApprovalDetermination Date, then (subject as provided below) the Issuer’s obligation to pay any part payment of the Final Redemption Amount not paid unpaid amount by the Issuer on Guarantor under the Maturity Date will Covered Bond Guarantee shall be automatically deferred until the Statutory Extended Final Maturity Date specified in the applicable Final TermsDue for Payment Date, provided that in respect of any amount representing the Final Redemption Amount (or any part of it) due and remaining unpaid on the Maturity Date may be paid by earlier of (a) and (b) above, the Issuer Guarantor will apply any moneys available (after paying or providing for payment of higher ranking or pari passu amounts in accordance with the Guarantee Priority of Payments) to pay the Guaranteed Amounts corresponding to the Final Redemption Amount of the relevant Series of Covered Bonds on any Interest Payment Date occurring thereafter up to (and including) the relevant Statutory Extended Final Maturity Due for Payment Date. The Issuer shall confirm to the Rating Agencies, any relevant Swap Provider Issuing and the Paying Agent as soon as reasonably practicable and in any event at least 4 Business Days in London prior to the Final Maturity Date if of such Series of Covered Bonds whether payment will be made in full of the Final Redemption Amount in respect of a such Series of Notes will not be paid in full Covered Bonds on that Final Maturity Date. Any failure by The Guarantor shall notify the Issuer to notify such parties shall not affect the validity or effectiveness relevant holders of the extension nor give rise to any rights Covered Bonds (in any such party. Ifaccordance with Condition 14), where Statutory Extended Final Maturity is specified as being applicable the Rating Agencies, the Bond Trustee, the Issuing and Paying Agent and the Registrar (in the applicable Final Terms, a Statutory Maturity Extension Approval is received, the Issuer shall give not less than 30 days’ notice case of such extension to the Noteholders and the Couponholders (or, if the Statutory Maturity Extension Approval is received 30 days or fewer prior to the Maturity Date, the Issuer shall give notice of such extension to the Noteholders and the Couponholders Registered Covered Bonds) as soon as reasonably practicable before the Maturity Date) in accordance with Condition 11 (provided, however, that any failure by the Issuer to give such notice shall not and in any event affect at least one Business Day prior to the validity or effectiveness dates specified in (a) and (b) of the extension nor give any Noteholder or Couponholder any right to receive any payment second paragraph of interest, principal or otherwise with respect to the relevant Notes other than as provided for in these Conditions). Where the applicable Final Terms for a relevant Series of Notes provides that Statutory Extended Final Maturity is applicable and the Issuer has received a Statutory Maturity Extension Approval, a failure by the Issuer to pay the Final Redemption Amount in full on the Maturity Date shall not constitute a default in payment.this Condition

Redemption at maturity. Unless previously redeemed or purchased and cancelled as specified below, each Note will be redeemed by the Issuer at its Final Redemption Amount specified in the applicable Final Terms in the relevant Specified Currency on the Maturity Date specified in the applicable Final Terms, subject as provided in the next paragraph. If a Statutory Extended Final Maturity Date is specified as applicable in the Final Terms for a Series of Notes and the Issuer has both (i) received a Statutory Maturity Extension Approval and (ii) failed to pay the Final Redemption Amount in full on the Maturity Date specified in the applicable Final Terms and (ii) received a Statutory Maturity Extension ApprovalTerms, then (subject as provided below) the Issuer’s obligation to pay any part of the Final Redemption Amount not paid by the Issuer on the Maturity Date will be automatically deferred until the Statutory Extended Final Maturity Date specified in the applicable Final TermsDate, provided that any amount representing the Final Redemption Amount (or any part of it) due and remaining unpaid on the Maturity Date may be paid by the Issuer on any Interest Payment Date occurring thereafter up to (and including) the relevant Statutory Extended Final Maturity Date. The Issuer shall confirm to the Rating AgenciesS&P, any relevant Swap Provider and the Agent as soon as reasonably practicable and in any event at least 4 Business Days in London prior to the Maturity Date if the Final Redemption Amount in respect of a Series of Notes will not be paid in full on that Maturity Date. Any failure by the Issuer to notify such parties shall not affect the validity or effectiveness of the extension nor give rise to any rights in any such party. If, where Statutory Extended Final Maturity is specified as being applicable in the applicable Final Terms, a Statutory Maturity Extension Approval is received, the Issuer shall give not less than 30 days’ notice of such extension approval to the Noteholders and the Couponholders (or, if the Statutory Maturity Extension Approval is received 30 days or fewer prior to the Maturity Date, the Issuer shall give notice of such extension approval to the Noteholders and the Couponholders as soon as reasonably practicable * Only applicable to Notes denominated in Swiss francs and offered to the public in Switzerland and/or listed on the SIX Swiss Exchange Ltd. before the Maturity Date) in accordance with Condition 11 (provided, however, that any failure by the Issuer to give such notice shall not in any event affect the validity or effectiveness of the extension nor of maturity or give any Noteholder or Couponholder any right to receive any payment of interest, principal or otherwise with respect to the relevant Notes other than as provided for in these Conditions). Where the applicable Final Terms for a relevant Series of Notes provides that Statutory Extended Final Maturity is applicable and the Issuer has received a Statutory Maturity Extension Approval, a failure by the Issuer to pay the Final Redemption Amount in full on the Maturity Date shall not constitute a default in payment.

Redemption at maturity. Unless previously redeemed or purchased and cancelled as specified below, each Note will be redeemed by the Issuer at its Final Redemption Amount specified in the applicable Final Terms in the relevant Specified Currency on the Maturity Date specified in the applicable Final Terms, subject as provided in the next paragraph. If a Statutory Extended Final Maturity Date is specified as applicable in the Final Terms for a Series of Notes and the Issuer has both (i) received a Statutory Maturity Extension Approval and (ii) failed to pay the Final Redemption Amount in full on the Maturity Date specified in the applicable Final Terms and (ii) received a Statutory Maturity Extension ApprovalTerms, then (subject as provided below) the Issuer’s obligation to pay any part of the Final Redemption Amount not paid by the Issuer on the Maturity Date will be automatically deferred until the Statutory Extended Final Maturity Date specified in the applicable Final TermsDate, provided that any amount representing the Final Redemption Amount (or any part of it) due and remaining unpaid on the Maturity Date may be paid by the Issuer on any Interest Payment Date occurring thereafter up to (and including) the relevant Statutory Extended Final Maturity Date. The Issuer shall confirm to the Rating AgenciesS&P, any relevant Swap Provider and the Agent as soon as reasonably practicable and in any event at least 4 Business Days in London prior to the Maturity Date if the Final Redemption Amount in respect of a Series of Notes will not be paid in full on that Maturity Date. * Only applicable to Notes denominated in Swiss francs and offered to the public in Switzerland and/or listed on the SIX Swiss Exchange Ltd. Any failure by the Issuer to notify such parties shall not affect the validity or effectiveness of the extension nor give rise to any rights in any such party. If, where Statutory Extended Final Maturity is specified as being applicable in the applicable Final Terms, a Statutory Maturity Extension Approval is received, the Issuer shall give not less than 30 days’ notice of such extension approval to the Noteholders and the Couponholders (or, if the Statutory Maturity Extension Approval is received 30 days or fewer prior to the Maturity Date, the Issuer shall give notice of such extension approval to the Noteholders and the Couponholders as soon as reasonably practicable before the Maturity Date) in accordance with Condition 11 (provided, however, that any failure by the Issuer to give such notice shall not in any event affect the validity or effectiveness of the extension nor of maturity or give any Noteholder or Couponholder any right to receive any payment of interest, principal or otherwise with respect to the relevant Notes other than as provided for in these Conditions). Where the applicable Final Terms for a relevant Series of Notes provides that Statutory Extended Final Maturity is applicable and the Issuer has received a Statutory Maturity Extension Approval, a failure by the Issuer to pay the Final Redemption Amount in full on the Maturity Date shall not constitute a default in payment.

Redemption at maturity. Unless previously redeemed or purchased and cancelled as specified below, each Note Covered Bond will be redeemed by the Issuer at its the Final Redemption Amount specified in, or determined in the manner specified in, the applicable Final Terms in the relevant Specified Currency on the Maturity Date. (a) Extension of Maturity Date specified in the applicable Final Terms, subject as provided in the next paragraph. If Statutory an Extended Final Maturity Date is specified as applicable in the Final Terms for a Series of Notes Covered Bonds and the Issuer has both (i) has received approval from the Icelandic FSA to extend the maturity of the Covered Bonds (a Maturity Extension Approval) and (ii) has failed to pay the Final Redemption Amount in full on the Maturity Date specified in the applicable Final Terms and (ii) received a Statutory Maturity Extension ApprovalTerms, then (subject as provided below) the Issuer’s obligation to pay any part maturity of the Final Redemption Amount outstanding Covered Bonds not paid by so redeemed and the date on which such Covered Bonds will, notwithstanding any insolvency, bankruptcy or resolution in respect of the Issuer on at the Maturity Date relevant time, be due and repayable for the purposes of these Terms and Conditions, will be automatically deferred until extended up to and including (but no later than) the Statutory Extended Final Maturity Date specified in the applicable Final TermsDate, provided that any amount representing the Final Redemption Amount (or any part of it) due and remaining unpaid on the Maturity Date may be paid by the Issuer on any Interest Payment Date occurring thereafter to the extent that funds are available in the Cover Pool up to (and including) the relevant Statutory Extended Final Maturity Date. The Issuer shall confirm promptly give notice to the Rating Agencies, any relevant Swap Provider Fiscal Agent and the Agent as soon as reasonably practicable and in any event at least 4 Business Days in London prior to the Maturity Date if the Final Redemption Amount in respect of a Series of Notes will not be paid in full on that Maturity Date. Any failure by the Issuer to notify such parties shall not affect the validity or effectiveness of the extension nor give rise to any rights in any such party. If, where Statutory Extended Final Maturity is specified as being applicable in the applicable Final Terms, a Statutory Maturity Extension Approval is received, the Issuer shall give not less than 30 days’ notice of such extension to the Noteholders and the Couponholders Covered Bondholders (or, if the Statutory Maturity Extension Approval is received 30 days or fewer prior to the Maturity Date, the Issuer shall give notice of such extension to the Noteholders and the Couponholders as soon as reasonably practicable before the Maturity Date) in accordance with Condition 11 14 (Notices)) of such Maturity Extension Approval (provided, however, that any failure by the Issuer to give such notice shall not in any event affect the validity or effectiveness of the extension nor of maturity or give any Noteholder or Couponholder Covered Bondholder any right to receive any payment of interest, principal or otherwise with respect to the relevant Notes Covered Bonds other than as provided for in these Conditions). The Issuer shall confirm to the Rating Agencies (if applicable), any relevant Swap Provider and the Fiscal Agent as soon as reasonably practicable and in any event at least 4 business days in London prior to the Maturity Date of any inability of the Issuer to pay in full the Final Redemption Amount in respect of a Series of Covered Bonds on that Maturity Date. Where the applicable Final Terms for a relevant Series of Notes Covered Bonds provides that Statutory such Covered Bonds are subject to an Extended Final Maturity is applicable and the Issuer has received a Statutory Maturity Extension ApprovalDate, a such failure to pay by the Issuer to pay the Final Redemption Amount in full on the Maturity Date shall not constitute a default in payment.