Common use of Early Redemption Clause in Contracts

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- tax a- 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. 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 Element Section C – The Notes 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 taxation reasons (at the option of the Issuer) at the specified redemp- tion redemption 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 Element Section C – The Notes The Notes provide for events of default entitling Holders to de- mand demand immediate redemption of the Notes at the specified early redemption amount together with interest accrued up to the rele- vant relevant redemption date.