Examples of Note Redemption Event in a sentence
If a Note Redemption Event occurs on or prior to the Maturity Date (regardless of whether or not it is continuing) and the Swap Counterparty delivers a Redemption Event Notice to the Issuer, all the Notes outstanding (and not some only) shall be redeemed by payment in respect of each Note of the Early Cash Redemption Amount in accordance with the following provisions, and accordingly, Condition 7(b) (Mandatory Redemption) shall not apply.
For the avoidance of doubt, in the case of any Note Redemption Event, any failure or delay to deliver a Note Event Notice by or on behalf of the Buyer shall not constitute a waiver of Buyer’s right to deliver such a notice in respect of the relevant Note Redemption Event, any other Note Redemption Event.
Noteholders should be aware that they bear the risk of a Note Redemption Event occurring or having occurred at any time from and including 2 October 2019 (notwithstanding that such date precedes the Issue Date), up to and including the Maturity Date.
For the avoidance of doubt, the right of the Swap Counterparty to deliver a Redemption Event Notice and for the Issuer to redeem the Notes on the Early Redemption Date shall apply notwithstanding that on any day after the Note Redemption Event or the Exercise Date the market value of the Charged Assets or Pari Passu Debt increases and/or the Early Termination Costs decrease.
In connection with a Note Redemption Event where the Physical Redemption Conditions are not met at any time on or before the Physical Redemption Cut Off Date, all the Notes outstanding (and not some only) shall be redeemed by payment in respect of each Note of the Early Cash Redemption Amount in accordance with the following provisions.
In connection with a Note Redemption Event where the Physical Redemption Conditions are met and remain satisfied up to, and including, the Physical Redemption Cut Off Date, all the Notes outstanding (and not some only) shall be redeemed by delivery of the Physical Settlement Amounts on the Early Redemption Date in accordance with the following provisions, and accordingly Condition 7(f)(6) shall not apply.
If a Note Redemption Event occurs (regardless of whether or not it is continuing) and the Swap Counterparty or the Determination Agent delivers a Note Event Notice to the Issuer, amongst others, then in each case the following provisions shall apply.
If a Note Redemption Event occurs (regardless of whether or not it is continuing) and the Swap Counterparty delivers a Note Event Notice to the Issuer (other than where the Notesare redeemed pursuant to Condition 7(e) (Early redemption following an Administrator/Benchmark Event), whereupon the Note Event Notice shall be deemed to be automatically delivered on the Business Day following the Benchmark Adjustment Long Stop Date), then in each case the following provisions shall apply.
If a Note Redemption Event occurs (regardless of whether or not it is continuing) and the Swap Counterparty delivers a Note Event Notice to the Issuer, all the Notes outstanding (and not some only) shall be redeemed by payment of the Note Redemption Amount in respect of each Note in accordance with the following provisions and, accordingly, Condition 7(b) (Mandatory Redemption) shall not apply, save in respect of an Illegality Event which shall be an Additional Mandatory Redemption Event.
If a Note Redemption Event occurs on or prior to the Maturity Date (regardless of whether or not it is continuing) and the Swap Counterparty delivers a Redemption Event Notice to the Issuer, all the Notes outstanding (and not some only) shall be redeemed by payment in respect of each Note of the Early Cash Redemption Amount in accordance with the following provisions, and accordingly Condition 7(b) (Mandatory Redemption) shall not apply save to the extent provided in this Paragraph.