Voluntary total redemption Sample Clauses

Voluntary total redemption. (a) The Issuer may redeem all, but not only some, of the outstanding Bonds in full; (i) in relation to Tranche 1 Bonds, on any banking day from the First Issue Date to, but not including, the First Call Date at a price equivalent to the sum of: (A) the present value on the relevant record date of 103.85 per cent. of the Outstanding Nominal Amount as if such payment originally should have taken place on the First Call Date; and (B) the present value on the relevant record date of the remaining coupon payments , less any accrued but unpaid interest, through and including the First Call Date, both calculated by using a discount rate of 50 basis points over the comparable US government bond rate (i.e. comparable to the remaining duration of the Bonds until the mentioned date falling on the First Call Date) and where "relevant record date" shall mean a date agreed upon between the Agent, the CSD and the Issuer in connection with such repayment; (ii) in relation to Tranche 2 Bonds, on any banking day from the First Issue Date to, but not including, the First Call Date at a price equivalent to the sum of: (A) the present value on the relevant record date of 103.40 per cent. of the Outstanding Nominal Amount as if such payment originally should have taken place on the First Call Date; and (B) the present value on the relevant record date of the remaining coupon payments, less any accrued but unpaid interest, through and including the First Call Date, both calculated by using a discount rate of 75 basis points over the comparable Danish government bond rate (i.e. comparable to the remaining duration of the Bonds until the mentioned date falling on the First Call Date) and where “relevant record date” shall mean a date agreed upon between the Agent, the CSD and the Issuer in connection with such repayment; (iii) in relation to Tranche 1 Bonds: (A) any time from and including the First Call Date to, but not including, the date falling 42 months after the First Issue Date at an amount per Bond equal to 103.85 per cent. of the Outstanding Nominal Amount, together with accrued but unpaid interest; (B) any time from and including the date falling 42 months after the First Call Date to, but not including, the date falling 48 months after the First Issue Date at an amount per Bond equal to 103.08 per cent. of the Outstanding Nominal Amount, together with accrued but unpaid interest; (C) any time from and including the date falling 48 months after the First Call Date to, bu...

Voluntary total redemption. (call option) (a) The Issuer may redeem early all, but not some only, of the Bonds in full on any Business Day before the Final Maturity Date. The Bonds shall be redeemed at the relevant Call Option Amount together with accrued but unpaid interest. (b) Redemption in accordance with Clause 9.3(a) shall be made by the Issuer giving not less than fifteen (15) Business Days’ notice prior to the relevant Redemption Date to the Bondholders and the Agent. Any such notice is irrevocable but may, at the Issuer’s discretion, contain one or more conditions precedent. Upon expiry of such notice and the fulfillment of the conditions precedent (if any), the Issuer is bound to redeem the Bonds in full at the applicable amounts.

Voluntary total redemption. (call option) (a) The Issuer may redeem all, but not some only, of the outstanding Bonds in full: (i) any time prior to the First Call Date, at an amount per Bond equal to the Applicable Premium; and (ii) any time from and including the First Call Date (for avoidance of doubt other than on the Final Maturity Date) at an amount per Bond equal to 101.00 per cent. of the Nominal Amount, together with accrued but unpaid Interest. (b) Redemption in accordance with Clause 9.3(a) shall be made by the Issuer giving not less than fifteen (15) Business Days’ notice to the Bondholders and the Agent. Any such notice is irrevocable but may, at the Issuer’s discretion, contain one or more conditions precedent. Upon expiry of such notice and the fulfillment of the conditions precedent (if any), the Issuer is bound to redeem the Bonds in full at the applicable amounts.

Voluntary total redemption. (call option) (a) The Issuer may redeem all, but not only some, of the outstanding Bonds in full: (i) any time from and including the First Issue Date to, but excluding, the First Call Date at an amount per Bond equal to 103.625 per cent. of the Nominal Amount plus the remaining interest payments, calculated in accordance with Clause 9.3(c), up to and including the First Call Date together with accrued but unpaid Interest; (ii) any time from and including the First Call Date to, but excluding, the first Business Day falling twenty-four (24) months after the First Issue Date at an amount per Bond equal to 103.625 per cent. of the Nominal Amount, together with accrued but unpaid Interest; (iii) any time from and including the first Business Day falling twenty-four