Common use of Redemption following a Substantial Purchase Event Clause in Contracts

Redemption following a Substantial Purchase Event. If a Substantial Purchase Event is specified in the Final Terms as being applicable and a Substantial Purchase Event has occurred and is continuing, then the Issuer may, subject to having given not less than 15 nor more than 30 days’ irrevocable notice to the Noteholders in accordance with Condition 15 (which notice shall specify the date fixed for redemption), redeem the Notes comprising the relevant Series in whole, but not in part, in accordance with these Conditions at any time, in each case at their principal amount, together with any accrued and unpaid interest up to (but excluding) the date fixed for redemption. All Notes in respect of which any such notice is given shall be redeemed on the date specified in such notice in accordance with this Condition. For the purposes of this Condition, a “Substantial Purchase Event” shall be deemed to have occurred if at least 80 per cent. of the aggregate principal amount of the Notes of the relevant Series originally issued (which for these purposes shall include any further Notes of the same Series issued subsequently) is purchased by the Issuer or any Subsidiary of the Issuer (and in each case is cancelled in accordance with Condition 7(k).

Redemption following a Substantial Purchase Event. If a Substantial Purchase Event (as defined below) is specified in the relevant Final Terms as being applicable and a Substantial Purchase Event has occurred and is continuingoccurred, then the Issuer may, subject to having given not less than 15 30 nor more than 30 60 days’ irrevocable notice (or such other period of notice as may be specified in the relevant Final Terms) to the Noteholders in accordance with Condition 15 14, redeem or purchase (which notice shall specify or procure the date fixed for redemptionpurchase of), redeem at its option, the Notes comprising the relevant Series in whole, but not in part, in accordance with these Conditions at any time, in each case at their principal amount, together with any accrued and unpaid interest up to (but excluding) the date fixed for redemptionof redemption or purchase. All Notes in respect of which any such notice is given shall be redeemed on the date specified in such notice in accordance with this Condition. For the purposes of this Condition, a A “Substantial Purchase Event” shall be deemed to have occurred if at least 80 per cent. cent or such higher percentage as may be specified in the relevant Final Terms of the aggregate principal amount of the Notes of the relevant Series originally issued (which for these purposes shall include any further Notes of the same Series issued subsequently) is purchased by the Issuer Issuer, the Guarantor or any Subsidiary of the Issuer Guarantor (and in each case is cancelled in accordance with Condition 7(k6(i).);