Redemption at the Option of Bondholders upon a Relevant Event Sample Clauses

Redemption at the Option of Bondholders upon a Relevant Event. Following the occurrence of a Relevant Event, the holder of each Bond will have the right to require the Issuer to redeem that Bond on the Put Date at its principal amount, together with accrued and unpaid interest to such date. To exercise such right, the holder of the relevant Bond must deliver such Bond to the specified office of any Paying, Transfer and Conversion Agent, together with a duly completed and signed notice of exercise in the form for the time being current obtainable from the specified office of any Paying, Transfer and Conversion Agent (a “Put Exercise Notice”), at any time during the Relevant Event Period. If such delivery is made after the end of normal business hours or on a day which is not a business day in the place of the specified office of the relevant Paying, Transfer and Conversion Agent, such delivery shall be deemed for all purposes of these Conditions to have been made on the next following such business day. The “Put Date” shall be the fourteenth calendar day after the expiry of the Relevant Event Period. Payment in respect of any such Bond shall be made by transfer to a euro account with a bank in a city in which banks have access to the TARGET System as specified by the relevant Bondholder in the relevant Put Exercise Notice. A Put Exercise Notice, once delivered, shall be irrevocable and the Issuer shall, subject as provided above, redeem all Bonds the subject of Put Exercise Notices delivered as aforesaid on the Put Date.
Sample 1
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Redemption at the Option of Bondholders upon a Relevant Event. Each Paying, Transfer and Exchange Agent will keep a stock of notices in the form substantially as set out in Schedule 5 to this Agreement (each a Relevant Event Put Exercise Notice) and will make them available on demand to Bondholders. Upon receipt of a completed and signed Relevant Event Put Exercise Notice in the exercise of the option under Condition 9(d), each Paying, Transfer and Exchange Agent with which the Relevant Event Put Exercise Notice and any other required documentation are deposited shall cause to be issued to the depositing Bondholder a non-transferable receipt evidencing their surrender under the Conditions and shall hold the Certificate on behalf of the depositing Bondholder until the due date for redemption of the relevant Bonds in accordance with the Conditions, when, subject as provided below, it shall present the Certificate to itself for payment of the amount due together with any interest due on the date of redemption in accordance with the Conditions and shall pay those moneys in accordance with the directions of the Bondholder contained in the relevant Relevant Event Put Exercise Notice. If, prior to the due date for its redemption, an Event of Default has occurred and is continuing or the Bonds become immediately due and repayable or if upon due presentation payment of the redemption moneys is improperly withheld or refused, the relevant Paying, Transfer and Exchange Agent shall post the Certificate by uninsured post to, and at the risk of, the relevant Bondholder (unless the Bondholder has otherwise requested and paid the costs of insurance to the relevant Paying, Transfer and Exchange Agent at the time of depositing the Certificate) at the address given by the Bondholder in the relevant Relevant Event Put Exercise Notice. At the end of any Relevant Event Period, the relevant Paying, Transfer and Exchange Agent shall promptly notify the Calculation Agent of the principal amount of Bonds in respect of which the option has been exercised and shall promptly notify those details to the Issuer.
Sample 1

Related to Redemption at the Option of Bondholders upon a Relevant Event

  • Rights Upon Event of Default (a) As long as an Event of Default under this Agreement remains unremedied, Holders of not less than 50% of the outstanding Class Principal Balance of the Original Notes (in each case the outstanding Class Principal Balance of the Original Notes will be determined without regard to any exchanges of Class M Notes for MAC Notes) to which such Event of Default relates may, by written notice to Freddie Mac, declare such Notes due and payable and accelerate the maturity of such Notes. In the event that Class M Notes have been exchanged for MAC Notes, Holders of such MAC Notes will be entitled to exercise all the voting or direction rights that are allocated to such exchanged Class M Notes as described herein. Upon such acceleration, the Class Principal Balance of such Notes and the interest accrued thereon shall be due and payable.

  • Remedies Upon Event of Default If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions:

  • Early Redemption Amounts For the purposes of paragraphs (b), (c) and (d) above, Notes will be redeemed at an amount (the “Early Redemption Amount”) calculated as follows:

  • Termination Upon Notice Following thirty (30) days’ written notice, the State Entity may terminate the Contract in whole or in part without the payment of any penalty or incurring any further obligation to the Contractor. Following termination upon notice, the Contractor shall be entitled to compensation, upon submission of invoices and proper proof of claim, for goods and services provided under the Contract to the State Entity up to and including the date of termination.

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