Redemption for illegality. The Issuer shall have the right to redeem all, but not some only, of the Notes, if, in the opinion of the Issuer: (i) it is or will become unlawful for it to perform or comply with any one or more of its obligations under such Notes; or (ii) if Hedging Arrangements are specified as “Applicable” in the applicable Final Terms, any Hedging Arrangements have or will become illegal in whole or in part (an “Illegality Event”). Upon the occurrence of an Illegality Event, the Issuer may, at its option, at any time, subject to having given not more than 45 nor less than 30 Business Days’ prior notice to the Noteholders (which notice shall be irrevocable), in accordance with Condition 14, redeem all, but not some only, of the Notes at their Early Redemption Amount (together with any interest accrued to the date set for redemption) provided that the due date for redemption of which notice hereunder may be given shall be no earlier than the latest practicable date on which the Issuer could lawfully make payment of principal and interest irrespective of the Illegality Event.
Redemption for illegality. The Issuer shall have the right to redeem all, but not some only, of the Notes, if, in the opinion of the Issuer, it is or will become unlawful for it to perform or comply with any one or more of its obligations under such Notes (an Illegality Event). Upon the occurrence of an Illegality Event, the Issuer may, at its option, at any time, subject to having given not more than 45 nor less than 30 Business Days’ prior notice to the Noteholders (which notice shall be irrevocable), in accordance with Condition 14, redeem all, but not some only, of the Notes at their Redemption Amount (together with any interest accrued to the date set for redemption) provided that the due date for redemption of which notice hereunder may be given shall be no earlier than the latest practicable date on which the Issuer could lawfully make payment of principal and interest irrespective of the Illegality Event.
