Examples of Additional Mandatory Redemption Event in a sentence
In certain circumstances, described in the Conditions of the Notes, the Notes will be redeemed early pursuant to a Mandatory Redemption Event or an Additional Mandatory Redemption Event or Optional Redemption and Noteholders shall be entitled to receive only such amount as is available following the sale, redemption or other means of realisation of the Charged Assets, subject to the provisions of the Notes described under ‘Limited recourse’ above.
Notwithstanding Condition 2.2 in the case of an Additional Mandatory Redemption Event the Issuer shall not be required to give notice to the Trustee and the Noteholders that the Notes are due and repayable at the amounts specified in Condition 2.4 as soon as reasonably practicable after becoming aware of such event or circumstance.
Enforcement of the Mortgaged Property The Mortgaged Property may become enforceable if the Notes or any of them have become due and repayable (for example, due to acceleration following the occurrence of a Tax Event, Mandatory Redemption Event, Additional Mandatory Redemption Event or an Event of Default) and have not been repaid.
In certain circumstances, described in the Conditions of the Notes, the Notes will be redeemed early pursuant to a Mandatory Redemption Event, an Additional Mandatory Redemption Event or a redemption event pursuant to Condition 2(c)(A)(1) and Noteholders shall be entitled to receive only such amount as is available following the sale or redemption of the Charged Assets, as the case may be, subject to the provisions of the Notes described under “Limited recourse” above.
Upon receipt of such instructions from Buyer, Seller agrees that it shall forthwith elect that an Additional Mandatory Redemption Event has occurred under the Notes.
The Mortgaged Property may become enforceable if the Notes or any of them have become due and repayable (for example, due to acceleration following the occurrence of a Tax Event, Mandatory Redemption Event, Additional Mandatory Redemption Event or an Event of Default) and have not been repaid.
In certain circumstances, described in the Conditions of the Notes, the Notes will be redeemed early pursuant to a Mandatory Redemption Event, or an Additional Mandatory Redemption Event or Optional Redemption and Noteholders shall be entitled to receive only such amount as is available following the sale, redemption or other means of realisation of the Charged Assets, subject to the provisions of the Notes described under ‘Limited recourse’ above.
If the Notes become due and repayable following the occurrence of an Additional Mandatory Redemption Event in accordance with Condition 7(b)(2) (as amended) or following the occurrence of a Tax Event in accordance with Condition 7(c), then the applicable Early Redemption Amount shall be an amount per Note equal to the Net Proceeds as each Instalment Redemption Date (if applicable) and the Early Redemption Date.
In certain circumstances, described in the Terms and Conditions of the Notes, the Notes will be redeemed early pursuant to a Mandatory Redemption Event, an Additional Mandatory Redemption Event or a redemption event pursuant to Condition 7(c)(A)(1) and Noteholders shall be entitled to receive only such amount as is available following the sale or redemption of the Charged Assets, as the case may be, subject as provided below in “Limited Recourse” above.
For the avoidance of doubt, upon the occurrence of an Additional Mandatory Redemption Event following a Redenomination Event, the liquidation proceeds of the Underlying Assets shall be converted into Euro at the relevant spot exchange rate as determined by the Calculation Agent acting in a commercially reasonable manner.