Common use of Redemption and Purchase Clause in Contracts

Redemption and Purchase. (a) Final redemption: Unless previously redeemed, or purchased and cancelled, the Notes will be redeemed at their principal amount on 25 September 2026. The Notes may not be redeemed at the option of the Issuer other than in accordance with this Condition 7. (b) Redemption for taxation reasons: The Notes may be redeemed at the option of the Issuer in whole, but not in part, at any time, on giving not less than 30 nor more than 60 days’ notice to the Noteholders and to the Trustee (which notice shall be irrevocable), at their principal amount, together with interest accrued to the date fixed for redemption, if (i) the Issuer satisfies the Trustee immediately prior to the giving of such notice that it (or, if the Guarantee were called, the Guarantor) has or will become obliged to pay additional amounts as provided or referred to in Condition 9 (Taxation) as a result of any change in, or amendment to, the laws or regulations of the Grand Duchy of Luxembourg (in the case of a payment by the Issuer) or the Republic of Italy or any political subdivision or any authority thereof or therein having power to tax, or any change in the application or official interpretation of such laws or regulations, which change or amendment becomes effective on or after the Issue Date, and (ii) such obligation cannot be avoided by the Issuer (or the Guarantor, as the case may be) taking reasonable measures available to it, provided that no such notice of redemption shall be given earlier than 90 days prior to the earliest date on which the Issuer (or the Guarantor, as the case may be) would be obliged to pay such additional amounts were a payment in respect of the Notes (or the Guarantee) then due. Prior to the publication of any notice of redemption pursuant to this Condition 7(b), the Issuer shall deliver to the Trustee (A) a certificate signed by two duly Authorised Signatories of the Issuer (or the Guarantor, as the case may be) stating that the obligation referred to in (i) above cannot be avoided by the Issuer (or the Guarantor, as the case may be) taking reasonable measures available to it and (B) an opinion of independent legal advisers of recognised international standing to the effect that the Issuer and/or the Guarantor, as the case may be, has or will be obliged to pay such additional amounts as a result of such change and the Trustee shall be entitled to accept and rely on such certificate and legal opinion (without liability to any Person) as sufficient evidence of the satisfaction of the condition precedent set out in (ii) above, in which event it shall be conclusive and binding on the Noteholders and the Couponholders. (c) Redemption at the option of the Issuer: The Issuer may, at any time on or after 25 September 2023, on giving not more than 60 nor less than 30 days’ irrevocable notice to the Noteholders and to the Trustee, redeem the Notes in whole or in part at the following redemption prices (expressed as a percentage of the principal amount of the Notes on the date fixed for redemption), plus accrued and unpaid interest outstanding (as defined in the Trust Deed) to the relevant redemption date: 2023 [●]%1 2024 [●]%2 2025 and thereafter [●]%3 (d) Redemption at the option of the Noteholders upon a Change of Control: Promptly and in any event within ten Business Days after the occurrence of a Change of Control (as defined below), the Issuer will give written notice thereof (a “Change of Control Notice”) to the holders of all outstanding Notes in accordance with Condition 17 (Notices) and to the Trustee, which Change of Control Notice shall (i) refer specifically to this Condition 7(d) (Redemption at the option of the Noteholders upon a Change of Control), (ii) describe in reasonable detail the event or circumstances resulting in the Change of Control, (iii) specify the date for redemption of the Notes, which shall be a Business Day not less than 30 days and not more than 90 days after the date of such Change of Control Notice (“Change of Control Redemption Date”), (iv) offer to redeem, on the Change of Control Redemption Date, all Notes at 101 per cent. of their principal amount (the “Change of Control Redemption Amount”) together with interest accrued thereon to the Change of Control Redemption Date and (v) specify the date by which holders must provide written notice to the Issuer of such holder’s redemption, which shall be not less than fifteen days prior to the Change of Control Redemption Date (the “Change of Control Response Date”). For so long as the Notes are listed on the regulated market of the Luxembourg Stock Exchange and the rules of such exchange so require, the Issuer shall also notify the Luxembourg Stock Exchange promptly of any Change of Control. The Issuer shall redeem on the Change of Control Redemption Date all of the Notes held by Noteholders that require redemption at the Change of Control Redemption Amount. If any holder does not require early redemption on or before the Change of Control Response Date, such holder shall be deemed to have waived its rights under this Condition 7(d) (Redemption at the option of the Noteholders upon a Change of Control) to require early redemption of all Notes held by such holder in respect of such Change of Control but not in respect of any subsequent Change of Control. To exercise the right to require early redemption of any Notes, the holder of the Notes must deliver at the specified office of any Paying Agent, on any Business Day before the Change of Control Response Date, a duly signed and completed notice of exercise in the form (for the time being current and which may, if such Notes are held in a clearing system, be in any form acceptable to such clearing system and may be delivered in any manner acceptable to such clearing system) obtainable from the specified office of any Paying Agent (a “Put Notice”) and in which the holder must specify a bank account to which payment is to be made under this Condition 7(d) (Redemption at the option of the Noteholders upon a Change of Control) accompanied by 1 Principal amount of the Notes on the date fixed for redemption plus 50% of the rate of interest

Appears in 2 contracts

Samples: Euromot Negotiation Announcement, Admission to Quotation and Start of Conclusion Phase of Conditional Contracts

Redemption and Purchase. (a) Final redemption: Unless previously redeemed, or purchased and cancelled, the Notes will be redeemed at their principal amount on 25 September 2026. The Notes may not be redeemed at the option of the Issuer other than in accordance with this Condition 7.Redemption (b) Redemption for taxation reasons: Taxation Reasons and Redemption for Illegality (i) The Notes may be redeemed at the option of the Issuer or the Guarantor in whole, but not in part, at any timetime in the case of a Note other than a Floating Rate Note or only on an Interest Payment Date in the case of a Floating Rate Note, on giving not less than 30 nor or more than 60 days' notice to the Noteholders and to the Trustee in accordance with Condition 13 (which notice shall be irrevocable), at their at, in respect of each principal amount, together with interest accrued amount of the Notes equal to the date fixed for redemptionCalculation Amount, the Early Redemption Amount together with, if (i) so specified in the Issuer satisfies the Trustee immediately prior to the giving of such notice that it (orapplicable Final Terms, accrued interest, if the Guarantee were called, Issuer or the Guarantor) , as the case may be, has or will become obliged obligated to pay additional amounts as provided or referred interest on such Notes pursuant to in Condition 9 (Taxation) 7 as a result of any change in, or amendment to, the laws (or any regulations or rulings promulgated thereunder) of the Grand Duchy of Luxembourg (in the case of a payment by the Issuer) or the Republic of Italy United States or any political subdivision or any taxing authority thereof or therein having power to taxtherein, or any change in the application or official interpretation of such laws laws, regulations or regulationsrulings, which change or amendment becomes effective on or after the Issue Datedate on which any person (including any person acting as underwriter, broker or dealer) agrees to purchase the first Tranche of any of such Notes pursuant to the original issuance of such first Tranche, and (ii) such obligation cannot be avoided by the Issuer (or the Guarantor, as the case may be) , taking reasonable measures available to it, provided that ; PROVIDED THAT no such notice of redemption shall be given earlier than 90 days prior to the earliest date on which the Issuer (or the Guarantor, as the case may be) , would be obliged obligated to pay such additional amounts interest were a payment in respect of the Notes (or the Guarantee) then due. Prior to the publication of any notice of redemption pursuant to this Condition 7(b5(b)(i), the Issuer shall deliver to the Trustee (A) a certificate signed by two duly Authorised Signatories of the Issuer (or the Guarantor, as the case may be) stating that , shall deliver to the obligation referred to Fiscal Agent or the Australian Registrar in the case of Australian Domestic Notes (i) above cannot be avoided a certificate signed by an officer of the Issuer (or the Guarantor, as the case may be) taking reasonable measures available , stating that the Issuer or the Guarantor, as the case may be, is entitled to it effect such redemption and setting forth a statement of facts showing that the conditions precedent to the right of the Issuer or the Guarantor, as the case may be, so to redeem have occurred and (Bii) an opinion of independent a legal advisers opinion, from lawyers of recognised international standing in the United States, to the effect that the Issuer and/or or the Guarantor, as the case may be, has or will be obliged become obligated to pay such additional amounts interest as a result of such change and the Trustee shall be entitled to accept and rely on such certificate and legal opinion (without liability to any Person) as sufficient evidence of the satisfaction of the condition precedent set out in or amendment. (ii) aboveIf the Issuer or the Guarantor shall determine that any payment made outside the United States by the Issuer or the Guarantor, as the case may be, or any of its Paying Agents in respect of any Bearer Note, Receipt or Coupon, if any (an Affected Note) would, under any present or future laws or regulations of the United States, be subject to any certification, documentation, information or other reporting requirement of any kind, the effect of which requirement is the disclosure to the Issuer or the Guarantor, any Paying Agent or any governmental authority of the nationality, residence or identity (as distinguished from, for example, status as a Non-U.S. Holder (as defined below)) of a beneficial owner of such Affected Note that is a Non-U.S. Holder (other than such a requirement (A) that would not be applicable to a payment made by the Issuer or the Guarantor, as the case may be, or any one of its Paying Agents (1) directly to the beneficial owner or (2) to a custodian, nominee or other agent of the beneficial owner, or (B) that can be satisfied by such custodian, nominee or other agent certifying to the effect that the beneficial owner is a Non-U.S. Holder; PROVIDED THAT, in which event it shall be conclusive and binding on any case referred to in clause (A)(2) or (B), payment by the Noteholders and the Couponholders. (c) Redemption at the option of the Issuer: The Issuer maycustodian, at any time on nominee or after 25 September 2023, on giving not more than 60 nor less than 30 days’ irrevocable notice agent to the Noteholders and beneficial owner is not otherwise subject to any such requirement), then the Trustee, Issuer shall elect either (x) to redeem the such Affected Notes in whole or whole, but not in part at the following redemption prices (expressed as a percentage part, at, in respect of the each principal amount of the Notes on equal to the date fixed for redemption)Calculation Amount, plus accrued and unpaid interest outstanding (as defined the Early Redemption Amount together with, if so specified in the Trust Deedapplicable Final Terms, accrued interest or (y) to if the relevant redemption date: 2023 [●]%1 2024 [●]%2 2025 and thereafter [●]%3 (d) Redemption at the option conditions of the Noteholders upon a Change of Control: Promptly next succeeding paragraph are satisfied, to pay the additional interest specified in such paragraph. The Issuer or the Guarantor, as the case may be, shall make such determination as soon as practicable and in any event within ten Business Days after the occurrence of a Change of Control (as defined below), the Issuer will give written publish prompt notice thereof (a “Change the Determination Notice), stating the effective date of Control such certification, documentation, information or other reporting requirement, whether the Issuer elects to redeem the Affected Notes or to pay the additional interest specified in the next succeeding paragraph and (if applicable) the last date by which the redemption of the Affected Notes must take place (the Redemption Date), as provided in the next succeeding sentence. If any Affected Notes are to be redeemed pursuant to this paragraph, the redemption shall take place on such date, not later than one year after the publication of the Determination Notice”) , as the Issuer or the Guarantor shall specify by notice given to the Fiscal Agent at least 60 days before the Redemption Date PROVIDED THAT if the Notes are Floating Rate Notes such date must be an Interest Payment Date. Notice of such redemption shall be given to the holders of all outstanding the Affected Notes in accordance with Condition 17 (Notices) and not more than 60 days or less than 30 days prior to the TrusteeRedemption Date. Notwithstanding the foregoing, which Change of Control Notice the Issuer shall (i) refer specifically to this Condition 7(d) (Redemption at not so redeem the option of Affected Notes if the Noteholders upon a Change of Control)Issuer or the Guarantor, (ii) describe in reasonable detail as the event or circumstances resulting in the Change of Controlcase may be, (iii) specify the date for redemption of the Notesshall subsequently determine, which shall be a Business Day not less than 30 days and not more than 90 days after prior to the date of such Change of Control Notice (“Change of Control Redemption Date”), (iv) offer to redeem, on the Change of Control Redemption Date, all that subsequent payments on the Affected Notes at 101 per centwould not be subject to any such certification, documentation, information or other reporting requirement, in which case the Issuer or the Guarantor, as the case may be, shall publish prompt notice of such subsequent determination, and any earlier redemption notice given pursuant to this paragraph shall be revoked and of no further effect. of their principal amount (the “Change of Control Redemption Amount”) together with interest accrued thereon Prior to the Change publication of Control Redemption Date any Determination Notice pursuant to this paragraph, the Issuer or the Guarantor, as the case may be, shall deliver to the Fiscal Agent (I) a certificate signed by an officer of the Issuer or the Guarantor, as the case may be, stating that the Issuer or the Guarantor, as the case may be, is entitled to make such determination and setting forth a statement of facts showing that the conditions precedent to the obligation of the Issuer to redeem the Affected Notes or to pay the additional interest specified in the next succeeding paragraph have occurred and (vII) specify a legal opinion, from lawyers of recognised standing in the date by which holders must provide written notice United States, to the Issuer of effect that such holder’s redemption, which shall be not less than fifteen days prior to the Change of Control Redemption Date (the “Change of Control Response Date”)conditions have occurred. For If and so long as the Notes are listed on certification, documentation, information or other reporting requirement referred to in the regulated market preceding paragraph would be fully satisfied by payment of the Luxembourg Stock Exchange and the rules of such exchange so requirea backup withholding tax or similar charge, the Issuer shall also notify may elect to pay as additional interest such amounts as may be necessary so that every net payment made outside the Luxembourg Stock Exchange promptly of any Change of Control. The Issuer shall redeem on United States following the Change of Control Redemption Date all of the Notes held by Noteholders that require redemption at the Change of Control Redemption Amount. If any holder does not require early redemption on or before the Change of Control Response Date, such holder shall be deemed to have waived its rights under this Condition 7(d) (Redemption at the option of the Noteholders upon a Change of Control) to require early redemption of all Notes held by such holder in respect effective date of such Change requirement by the Issuer or the Guarantor, as the case may be, or any of Control but not its Paying Agents in respect of any subsequent Change Affected Note of Control. To exercise which the right beneficial owner is a Non-U.S. Holder (but without any requirement that the nationality, residence or identity of such beneficial owner be disclosed to require early redemption of any Notesthe Issuer or the Guarantor, as the holder of the Notes must deliver at the specified office of any Paying Agentcase may be, on any Business Day before the Change of Control Response Date, a duly signed and completed notice of exercise in the form (for the time being current and which may, if such Notes are held in a clearing system, be in any form acceptable to such clearing system and may be delivered in any manner acceptable to such clearing system) obtainable from the specified office of any Paying Agent or any governmental authority), after deduction or withholding for or on account of such backup withholding tax or similar charge (other than a “Put Notice”backup withholding tax or similar charge that (A) and would not be applicable in which the holder must specify a bank account circumstances referred to which payment is to be made under this Condition 7(d) (Redemption at in the option parenthetical clause of the Noteholders upon a Change of Control) accompanied by 1 Principal amount first sentence of the Notes on the date fixed for redemption plus 50% of the rate of interestpreceding paragraph or

Appears in 2 contracts

Samples: Domesticmot, Domesticmot

Redemption and Purchase. (a) Final redemption: Unless previously redeemed, or purchased and cancelled, the Notes will be redeemed at their principal amount on 25 September 202630 April 2024. The Notes may not be redeemed at the option of the Issuer other than in accordance with this Condition 7. (b) Redemption for taxation reasons: The Notes may be redeemed at the option of the Issuer in whole, but not in part, at any time, on giving not less than 30 nor more than 60 days’ notice to the Noteholders and to the Trustee (which notice shall be irrevocable), at their principal amount, together with interest accrued to the date fixed for redemption, if (i) the Issuer satisfies the Trustee immediately prior to the giving of such notice that it (or, if the Guarantee were called, the Guarantor) has or will become obliged to pay additional amounts as provided or referred to in Condition 9 (Taxation) as a result of any change in, or amendment to, the laws or regulations of the Grand Duchy of Luxembourg (in the case of a payment by the Issuer) or the Republic of Italy or any political subdivision or any authority thereof or therein having power to tax, or any change in the application or official interpretation of such laws or regulations, which change or amendment becomes effective on or after the Issue Date, and (ii) such obligation cannot be avoided by the Issuer (or the Guarantor, as the case may be) taking reasonable measures available to it, provided that no such notice of redemption shall be given earlier than 90 days prior to the earliest date on which the Issuer (or the Guarantor, as the case may be) would be obliged to pay such additional amounts were a payment in respect of the Notes (or the Guarantee) then due. Prior to the publication of any notice of redemption pursuant to this Condition 7(b), the Issuer shall deliver to the Trustee (A) a certificate signed by two duly Authorised Signatories of the Issuer (or the Guarantor, as the case may be) stating that the obligation referred to in (i) above cannot be avoided by the Issuer (or the Guarantor, as the case may be) taking reasonable measures available to it and (B) an opinion of independent legal advisers of recognised international standing to the effect that the Issuer and/or the Guarantor, as the case may be, has or will be obliged to pay such additional amounts as a result of such change and the Trustee shall be entitled to accept and rely on such certificate and legal opinion (without liability to any Person) as sufficient evidence of the satisfaction of the condition precedent set out in (ii) above, in which event it shall be conclusive and binding on the Noteholders and the Couponholders. (c) Redemption at the option of the Issuer: The Issuer may, at any time on or after 25 September 202330 April 2021, on giving not more than 60 nor less than 30 days’ irrevocable notice to the Noteholders and to the Trustee, redeem the Notes in whole or in part at the following redemption prices (expressed as a percentage of the principal amount of the Notes on the date fixed for redemption), plus accrued and unpaid interest outstanding (as defined in the Trust Deed) to the relevant redemption date: 2021 101.125% 2022 100.563% 2023 [●]%1 2024 [●]%2 2025 and thereafter [●]100.000%3 (d) No other redemption: The Issuer shall not be entitled to redeem the Notes otherwise than as provided in Condition 7(b) (Redemption at the option of the Noteholders upon a Change of Control: Promptly and in any event within ten Business Days after the occurrence of a Change of Control (as defined below), the Issuer will give written notice thereof (a “Change of Control Notice”) to the holders of all outstanding Notes in accordance with Condition 17 (Noticesfor taxation reasons) and to the Trustee, which Change of Control Notice shall (i) refer specifically to this Condition 7(d7(c) (Redemption at the option of the Noteholders upon a Change Issuer). (e) Notice of Control), (ii) describe redemption: All Notes in reasonable detail the event or circumstances resulting in the Change respect of Control, (iii) specify the date for which any notice of redemption of the Notes, which shall be a Business Day not less than 30 days and not more than 90 days after the date of such Change of Control Notice (“Change of Control Redemption Date”), (iv) offer to redeem, on the Change of Control Redemption Date, all Notes at 101 per cent. of their principal amount (the “Change of Control Redemption Amount”) together with interest accrued thereon to the Change of Control Redemption Date and (v) specify the date by which holders must provide written notice to the Issuer of such holder’s redemption, which shall be not less than fifteen days prior to the Change of Control Redemption Date (the “Change of Control Response Date”). For so long as the Notes are listed on the regulated market of the Luxembourg Stock Exchange and the rules of such exchange so require, the Issuer shall also notify the Luxembourg Stock Exchange promptly of any Change of Control. The Issuer shall redeem on the Change of Control Redemption Date all of the Notes held by Noteholders that require redemption at the Change of Control Redemption Amount. If any holder does not require early redemption on or before the Change of Control Response Date, such holder shall be deemed to have waived its rights is given under this Condition 7(d) (Redemption at the option of the Noteholders upon a Change of Control) to require early redemption of all Notes held by such holder in respect of such Change of Control but not in respect of any subsequent Change of Control. To exercise the right to require early redemption of any Notes, the holder of the Notes must deliver at the specified office of any Paying Agent, on any Business Day before the Change of Control Response Date, a duly signed and completed notice of exercise in the form (for the time being current and which may, if such Notes are held in a clearing system, shall be in any form acceptable to such clearing system and may be delivered in any manner acceptable to such clearing system) obtainable from the specified office of any Paying Agent (a “Put Notice”) and in which the holder must specify a bank account to which payment is to be made under this Condition 7(d) (Redemption at the option of the Noteholders upon a Change of Control) accompanied by 1 Principal amount of the Notes redeemed on the date fixed for redemption plus 50% of the rate of interestspecified in such notice in accordance with this Condition 7.

Appears in 1 contract

Samples: Admission to Quotation and Conclusion of Conditional Contracts

Redemption and Purchase. (a) Final redemption: Unless previously redeemed, or purchased and cancelled, the Notes will be redeemed at their principal amount on 25 September 202619 February 2027 (the "Maturity Date"). The Notes may not be redeemed at the option of the Issuer other than in accordance with this Condition 7. (b) Redemption for taxation reasons: The Notes may be redeemed at the option of the Issuer in whole, but not in part, at any time, on giving not less than 30 nor more than 60 days' notice to the Noteholders and to the Trustee (which notice shall be irrevocable), at their principal amount, together with interest accrued to the date fixed for redemption, if if (i) the Issuer satisfies the Trustee immediately prior to the giving of such notice that it (or, if the Guarantee were called, the Guarantor) has or will become obliged would be required to pay additional amounts as provided or referred to in Condition 9 (Taxation) as a result of any change in, or amendment to, the laws or regulations of the Grand Duchy of Luxembourg (in the case of a payment by the Issuer) or the Republic of Italy or any political subdivision or any authority thereof or therein having power to taxRelevant Jurisdiction, or any change in the application or official interpretation of such laws or regulations, which change or amendment becomes effective on or after the Issue Date, and and (ii) such obligation cannot be avoided by the Issuer (or the Guarantor, as the case may be) taking reasonable measures available to it, provided that no such notice of redemption shall be given earlier than 90 days prior to the earliest date on which the Issuer (or the Guarantor, as the case may be) would be obliged to pay such additional amounts were a payment in respect of the Notes (or the Guarantee) then due. Prior to the publication of any notice of redemption pursuant to this Condition 7(b), the Issuer shall deliver to the Trustee (A) a certificate signed by two duly Authorised Signatories of the Issuer (or the Guarantor, as the case may be) stating that the obligation referred to in (i) above cannot be avoided by the Issuer (or the Guarantor, as the case may be) taking reasonable measures available to it and (B) an opinion of independent legal advisers of recognised international standing to the effect that the Issuer and/or the Guarantor, as the case may be, has or will be obliged to pay such additional amounts as a result of such change and the Trustee shall be entitled to accept and rely on such certificate and legal opinion (without liability to any Person) as sufficient evidence of the satisfaction of the condition precedent set out in (ii) above, in which event it shall be conclusive and binding on the Noteholders and the Couponholders., (c) Redemption at the option of the Issuer: The Issuer may, at any time on or after 25 September 202319 February 2024, on giving giving: (i) not more than 60 nor less than 30 days' irrevocable notice to the Noteholders and in accordance with Condition 15 (Notices); and (ii) notice to the TrusteeFiscal Agent not less than 15 days before giving the notice referred in (i) above, redeem the Notes in whole or in part at the following redemption prices (expressed as a percentage of the principal amount of the Notes on outstanding as at the date fixed for redemption), ) plus any accrued and unpaid interest outstanding (as defined in the Trust Deed) to at the relevant redemption date: 2023 [●]%1 2024 [●]%2 2025 and thereafter [●]%3 (d) Redemption at the option of the Noteholders upon a Change of Control: Promptly and in any event within ten Business Days after the occurrence of a Change of Control (as defined below), the Issuer will give written notice thereof (a “Change of Control Notice”) to the holders of all outstanding Notes in accordance with Condition 17 (Notices) and to the Trustee, which Change of Control Notice shall (i) refer specifically to this Condition 7(d) (Redemption at the option of the Noteholders upon a Change of Control), (ii) describe in reasonable detail the event or circumstances resulting in the Change of Control, (iii) specify the date for redemption of the Notes, which shall be a Business Day not less than 30 days and not more than 90 days after the date of such Change of Control Notice (“Change of Control Redemption Date”), (iv) offer to redeem, on the Change of Control Redemption Date, all Notes at 101 per cent. of their principal amount (the “Change of Control Redemption Amount”) together with interest accrued thereon to the Change of Control Redemption Date and (v) specify the date by which holders must provide written notice to the Issuer of such holder’s redemption, which shall be not less than fifteen days prior to the Change of Control Redemption Date (the “Change of Control Response Date”). For so long as the Notes are listed on the regulated market of the Luxembourg Stock Exchange and the rules of such exchange so require, the Issuer shall also notify the Luxembourg Stock Exchange promptly of any Change of Control. The Issuer shall redeem on the Change of Control Redemption Date all of the Notes held by Noteholders that require redemption at the Change of Control Redemption Amount. If any holder does not require early redemption on or before the Change of Control Response Date, such holder shall be deemed to have waived its rights under this Condition 7(d) (Redemption at the option of the Noteholders upon a Change of Control) to require early redemption of all Notes held by such holder in respect of such Change of Control but not in respect of any subsequent Change of Control. To exercise the right to require early redemption of any Notes, the holder of the Notes must deliver at the specified office of any Paying Agent, on any Business Day before the Change of Control Response Date, a duly signed and completed notice of exercise in the form above notices: 19 February 2024 (for the time being current and which may, if such Notes are held in a clearing system, be in any form acceptable to such clearing system and may be delivered in any manner acceptable to such clearing systemincluded) obtainable from the specified office of any Paying Agent (a “Put Notice”) and in which the holder must specify a bank account to which payment is to be made under this Condition 7(d) (Redemption at the option of the Noteholders upon a Change of Control) accompanied by 1 Principal amount of the Notes on the date fixed for redemption plus 50% of the rate of interest-

Appears in 1 contract

Samples: Admission to Quotation and Conclusion of Conditional Contracts