Redemption at the Option of the Noteholders. The Principal Paying Agent will keep notices (each, a “Put Option Notice”) in the form set out in Schedule 1 (Form of Put Option Notice) and will make them available on demand to Noteholders. The Principal Paying Agent shall hold a Note which is deposited pursuant to Condition 8(c) (Redemption at the option of the Noteholders) on behalf of the depositing Noteholder (but shall not, save as provided below, release it) until the due date for its redemption pursuant to that Condition. On that date, subject as provided below, it shall pay such moneys in accordance with the Noteholder’s directions given in the Put Option Notice. If such Note becomes immediately due and payable before that date, or if upon due presentation payment of such redemption moneys is improperly withheld or refused, such Note shall, without prejudice to the exercise of the Put Option, be returned to the Noteholder.
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