Repayment and Redemption. 3.1 Unless previously repaid or redeemed or purchased by the Company and cancelled, the Loan Notes shall be redeemable in the following tranches and on the following dates: [907,286] First Redemption Date [907,286] (or, if less, the principal of Loan Notes then in issue) Final Redemption Date in each case at par together with accrued interest in respect of the Loan Notes being redeemed on the relevant Redemption Date, up to but excluding such Redemption Date (subject to any deduction or withholding required by law in respect of any tax). 3.2 Any redemption or repayment of Loan Notes and/or accrued interest on such redeemed Loan Notes will be made pro rata to the holdings of all Noteholders. 3.3 Every Noteholder, any of whose Loan Notes are due to be redeemed under any of the provisions of the Deed or these Conditions, shall not later than the due date for such redemption deliver up the certificate(s) representing such Loan Notes to the Company or as the Company shall direct and, if any Loan Note certificate so delivered up represents part of the principal not then due to be redeemed, the Company may endorse such Loan Note certificate with a memorandum of the date and amount paid to the holder of such Loan Note and return the same or may cancel such Loan Note and without charge issue to such Noteholder a new Loan Note certificate for the balance of the principal due to him and not so redeemed. Unless and until a Loan Note certificate (or an indemnity in respect of a lost certificate in a form reasonably satisfactory to the Company) is so delivered, the Company shall not be under any obligation to repay the principal payable on it. 3.4 Any monies left unclaimed following redemption by the Company in terms of Condition 3.3 shall be placed by the Company on an interest bearing account for the benefit of the relevant Noteholder(s).
Appears in 5 contracts
Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement
