Common use of Drawing on Partial Redemption or Exercise of Option Clause in Contracts

Drawing on Partial Redemption or Exercise of Option. If some only of the Notes are to be redeemed which are held in definitive form, or are subject to the exercise of an Issuer’s option, on such date the Principal Paying Agent shall make the drawing that is required in accordance with the Conditions and the Issuer, Guarantor and the Trustee shall be entitled to send representatives to attend such drawing in every other case the selection of the Notes to be redeemed shall be in accordance with the rules of the relevant clearing system.

Appears in 1 contract

Sources: Agency Agreement

Drawing on Partial Redemption or Exercise of Option. If some only of the Notes are to be redeemed which are held in definitive form, or are subject to the exercise of an Issuer’s option, on such date the Principal Paying Agent shall make the drawing that is required in accordance with the Conditions and the Issuer, the Guarantor and the Trustee shall be entitled to send representatives to attend such drawing in every other case the selection of the Notes to be redeemed shall be in accordance with the rules of the relevant clearing system.

Appears in 1 contract

Sources: Agency Agreement