Common use of Exercise of Redemption Rights Clause in Contracts

Exercise of Redemption Rights. subject to paragraph (t) below, in the event that any notice of prepayment of any Loan Transfer is given under [Clause [9] (Prepayment) of the Global Intercompany Loan Agreement, the Issuer shall exercise its right to redeem the related Series and Class of Notes on the same Payment Date under Condition 5[(D)] (Optional Redemption in Full) or, as applicable, Condition 5[(E)] (Optional Redemption for Tax and other Reasons);

Appears in 1 contract

Sources: Issuer Trust Deed (Granite Finance Trustees LTD)

Exercise of Redemption Rights. subject to paragraph (t) below, in the event that any notice of prepayment of any Loan Transfer Tranche is given under [Clause [9] 9 (Prepayment) of the Global Intercompany Loan Agreement, the Issuer shall exercise its right to redeem the related Series and Class of Issuer Notes on the same Payment Date under Condition 5[(D)] 5(D) (Optional Redemption in Full) or, as applicable), Condition 5[(E)] (Optional Redemption for Tax and other Reasons);5

Appears in 1 contract

Sources: Issuer Trust Deed (Granite Finance Funding 2 LTD)

Exercise of Redemption Rights. subject to paragraph (t) below, in the event that any notice of prepayment of any Loan Transfer Tranche is given under [Clause [9] 9 (Prepayment) of the Global Intercompany Loan Agreement, the Issuer shall exercise its right to redeem the related Series and Class of Issuer Notes on the same applicable Note Payment Date under Condition 5[(D)] 5(D) (Optional Redemption in Full) or, as applicable), Condition 5[(E)] (Optional Redemption for Tax and other Reasons);5

Appears in 1 contract

Sources: Second Amended Issuer Trust Deed (Granite Finance Trustees LTD)