Common use of Redemption of Certificates Clause in Contracts

Redemption of Certificates. (A) General (i) in the case of a Cash Settled Certificate, by payment of the Cash Settlement Amount; or (ii) in the case of a Physical Delivery Certificate, subject as provided in Condition 7 below, by delivery of the Entitlement, such redemption to occur in either case, subject as provided below, on the date specified in the applicable Final Terms relating to such Certificate (the "Redemption Date"). If (i) the date for payment of any amount in respect of the Certificates is not a Business Day, the holder thereof shall not be entitled to payment until the next following Business Day and shall not be entitled to any further payment in respect of such delay or (ii) the date for delivery of any Entitlement in respect of the Certificates is not a Settlement Business Day (as defined in Condition 7(B)(5) below), the Holder thereof shall not be entitled to delivery of the Entitlement until the next following Settlement Business Day. The Certificates may also be subject to automatic early redemption upon the occurrence of an Automatic Early Redemption Event, as defined in and in accordance with the provisions of Annex 1 (Additional Terms and Conditions for Index Certificates), Annex 2 (Additional Terms and Conditions for Share Certificates) and Annex 5 (Additional Terms and Conditions for Commodity ) as specified in the applicable Final Terms.

Appears in 6 contracts

Samples: Covered Warrant Agreement, Investment Certificates Negotiation, Investment Certificates

Redemption of Certificates. (A) General (i) in the case of a Cash Settled Certificate, by payment of the Cash Settlement Amount; or (ii) in the case of a Physical Delivery Certificate, subject as provided in Condition 7 below, by delivery of the Entitlement, such redemption to occur in either case, subject as provided below, on the date specified in the applicable Final Terms relating to such Certificate (the "Redemption Date"). If (i) the date for payment of any amount in respect of the Certificates is not a Business Day, the holder thereof shall not be entitled to payment until the next following Business Day and shall not be entitled to any further payment in respect of such delay or (ii) the date for delivery of any Entitlement in respect of the Certificates is not a Settlement Business Day (as defined in Condition 7(B)(5) below), the Holder thereof shall not be entitled to delivery of the Entitlement until the next following Settlement Business Day. The Certificates may also be subject to automatic early redemption upon the occurrence of an Automatic Early Redemption Event, as defined in and in accordance with the provisions of Annex 1 (Additional Terms and Conditions for Index Certificates), Annex 2 (Additional Terms and Conditions for Share Certificates) and Annex 5 (Additional Terms and Conditions for Commodity Certificates), Annex 8 (Additional Terms and Conditions for Fund Certificates) and Annex 11 (Additional Terms and Conditions for Futures Certificates) as specified in the applicable Final Terms.

Appears in 3 contracts

Samples: Investment Certificates Negotiation, Investment Certificates Negotiation, Investment Certificates Negotiation

Redemption of Certificates. (A) General (i) in the case of a Cash Settled Certificate, by payment of the Cash Settlement Amount; or (ii) in the case of a Physical Delivery Certificate, subject as provided in Condition 7 below, by delivery of the Entitlement, such redemption to occur in either case, subject as provided below, on the date as specified in the applicable Final Terms relating to such Certificate (the "Redemption Date"). If (i) the date for payment of any amount in respect of the Certificates is not a Business Day, the holder thereof shall not be entitled to payment until the next following Business Day and shall not be entitled to any further payment in respect of such delay or (ii) the date for delivery of any Entitlement in respect of the Certificates is not a Settlement Business Day (as defined in Condition 7(B)(5) belowBelow), the Holder thereof shall not be entitled to delivery of the Entitlement until the next following Settlement Business Day. The Certificates may also be subject to automatic early redemption upon the occurrence of an Automatic Early Redemption Event, as defined in and in accordance with the provisions of Annex 1 (Additional Terms and Conditions for Index Certificates), Annex 2 (Additional Terms and Conditions for Share Certificates) and Annex 5 (Additional Terms and Conditions for Commodity ) Condition 16 as specified in the applicable Final Terms.

Appears in 1 contract

Samples: Investment Certificates Negotiation Notice