Early Redemption. The Notes can be redeemed prior to their stated maturity for taxa- tion reasons (at the option of the Issuer) at the specified redemp- tion amount(s). Early Redemption for Taxation Reasons If as a result of any change in, or amendment to, the laws or regulations of the Federal Republic of Germany or any political subdivision or taxing authority thereof or therein affecting taxation or the obligation to pay duties of any kind, or any change in, or amendment to, an official interpretation or application of such laws or regulations, which amendment or change is effective on or after the date on which the last tranche of this series of Notes was issued, the Issuer is required to pay additional amounts on the next succeeding interest payment date, and this obligation cannot be avoided by the use of reasonable measures available to the Issuer, the Notes may be redeemed anytime, in whole but not in part, at the option of the Issuer. The Notes provide for events of default entitling Holders to de- mand immediate redemption of the Notes at the specified early redemption amount together with interest accrued up to the rele- vant redemption date.
Early Redemption. The Notes can be redeemed prior to their stated maturity for taxa- tion reasons (at the option of the Issuer) at the specified redemp- tion amount(s). Early Redemption for Taxation Reasons If as a result of any change in, or amendment to, the laws or regulations of the Federal Republic of Germany or any political subdivision or taxing authority thereof or therein affecting taxation or the obligation to pay duties of any kind, or any change in, or amendment to, an official interpretation or application of such laws or regulations, which amendment or change is effective on or after the date on which the last tranche of this series of Notes was issued, the Issuer is required to pay additional amounts on the next succeeding interest payment date, and this obligation cannot be avoided by the use of reasonable measures available to the Issuer, the Notes may be redeemed anytime, in whole but not in part, at the option of the Issuer. Early Redemption upon an Event of Default The Notes provide for events of default entitling Holders to de- mand immediate redemption of the Notes at the specified early redemption amount together with interest accrued up to the rele- vant redemption date. Status of the Notes The Notes constitute unsecured and unsubordinated obligations of the Issuer ranking pari passu among themselves and pari pas- su with all other unsecured and unsubordinated obligations of the Issuer, unless such obligations are given priority under mandato- ry provisions of statutory law. Resolutions of Holders In accordance with the German Act on Debt Securities of 2009 (Schuldverschreibungsgesetz; "SchVG") the Notes contain provi- sions pursuant to which Holders may agree by resolution to amend the terms and conditions ("Terms and Conditions") (with the consent of the Issuer) and to decide upon certain other mat- ters regarding the Notes. Resolutions of Holders properly adopted by vote taken without a meeting in accordance with the Terms and Conditions, are binding upon all Holders. Resolutions provid- ing for material amendments to the Terms and Conditions and which do cover any of the items provided for by Section 5 para- graph (3) Nos. 1-8 of the SchVG require a majority of not less than 75% of the votes cast. Resolutions regarding other amend- ments are passed by a simple majority of the votes cast. Governing Law The Notes will be governed by German law. Jurisdiction Element Section C – The Notes The courts in Frankfurt am Main, Federal Republic of Germany, ...
Early Redemption. The Notes can be redeemed prior to their stated maturity for taxa- tion reasons (at the option of the Issuer) at the specified redemp- tion amount(s). If as a result of any change in, or amendment to, the laws or regulations of the Federal Republic of Germany or any political subdivision or taxing authority thereof or therein affecting taxation or the obligation to pay duties of any kind, or any change in, or amendment to, an official interpretation or application of such laws or regulations, which amendment or change is effective on or after the date on which the last tranche of this series of Notes was issued, the Issuer is required to pay additional amounts on the next succeeding interest payment date, and this obligation cannot be avoided by the use of reasonable measures available to the Issuer, the Notes may be redeemed anytime, in whole but not in part, at the option of the Issuer. The Notes provide for events of default entitling Holders to de- mand immediate redemption of the Notes at the specified early redemption amount together with interest accrued up to the rele- vant redemption date.
Early Redemption. The Notes can be redeemed prior to their stated maturity for regulatory reasons (at the option of the Issuer) and for taxation reasons (at the option of the Issuer) at the specified redemption amount(s). Upon the occurrence of a regulatory event the Issuer may redeem the Notes upon giving notice within the specified notice period at the specified early redemption amount. Early Redemption for Taxation Reasons Element Section C – The Notes If as a result of any change in, or amendment to, the laws or regulations of the Federal Republic of Germany or any political subdivision or taxing authority thereof or therein affecting taxation or the obligation to pay duties of any kind, or any change in, or amendment to, an official interpretation or application of such laws or regulations, which amendment or change is effective on or after the date on which the last tranche of this series of Notes was issued, the Issuer is required to pay additional amounts, and this obligation cannot be avoided by the use of reasonable measures available to the Issuer, the Notes may be redeemed anytime, in whole but not in part, at the option of the Issuer.
Early Redemption. The Notes can be redeemed prior to their stated maturity for taxa- tion reasons (at the option of the Issuer) at the specified redemp- tion amount(s). Early Redemption for Taxation Reasons If as a result of any change in, or amendment to, the laws or regulations of the Federal Republic of Germany or any political subdivision or taxing authority thereof or therein affecting taxation or the obligation to pay duties of any kind, or any change in, or amendment to, an official interpretation or application of such laws or regulations, which amendment or change is effective on or after the date on which the last tranche of this series of Notes was issued, the Issuer is required to pay additional amounts on the next succeeding interest payment date, and this obligation cannot be avoided by the use of reasonable measures available to the Issuer, the Notes may be redeemed anytime, in whole but Element Section C – The Notes not in part, at the option of the Issuer. The Notes provide for events of default entitling Holders to de- mand immediate redemption of the Notes at the specified early redemption amount together with interest accrued up to the rele- vant redemption date.
Early Redemption. In the event the Notes are called for early redemption by the Issuer, the Conversion Right may be exercised, provided that the exercise of the Conversion Right is possible in accordance with the provisions of these Terms and Conditions, until the end of the fifth Business Day prior to the date fixed for early redemption; thereafter, the Con- version Right expires. If Notes are declared due for early redemption by Noteholders pursuant to § 11, the Conversion Right with respect to the Notes may no longer be exercised by such Noteholders.