Common use of Exercise of Call Option Clause in Contracts

Exercise of Call Option. In connection with an exercise of the option contained in Condition 5(c) (Optional Early Redemption (Call)) in relation to some only of the Covered Bonds, the Covered Bonds represented by this Global Registered Covered Bond may be redeemed in part in the principal amount specified by the Issuer in accordance with the Conditions and the Covered Bonds to be redeemed will not be selected as provided in the Conditions.

Appears in 3 contracts

Sources: Fiscal Agency Agreement, Fiscal Agency Agreement, Fiscal Agency Agreement

Exercise of Call Option. In connection with an exercise of the option contained in Condition 5(c9(c) (Optional Early Redemption (Call)at the option of the Issuer) in relation to some only of the Covered Bonds, the Covered Bonds represented by this Global Registered Covered Bond may be redeemed in part in the principal amount specified by the Issuer in accordance with the Conditions and the Covered Bonds to be redeemed will not be selected as provided in the Conditions.

Appears in 1 contract

Sources: Issue and Paying Agency Agreement