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

Redemption following a Substantial Purchase Event. If a Substantial Purchase Event (as defined below) has occurred, then the Issuer may, subject to having given not less than 30 nor more than 60 days' notice to the Noteholders in accordance with Condition 14 (Notices), redeem or purchase (or procure the purchase of), at its option, the Notes 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 of 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. A "Substantial Purchase Event" shall be deemed to have occurred if at least 80 per cent. of the aggregate principal amount of the Notes originally issued (which for these purposes shall include any further Notes issued subsequently) is purchased by the Issuer or any of its Subsidiaries (and in each case is cancelled in accordance with Condition 5(i)).

Redemption following a Substantial Purchase Event. If a Substantial Purchase Event (as defined below) has occurred, then the Issuer may, subject to having given not less than 30 15 nor more than 60 30 days' ’ notice to the Noteholders in accordance with Condition 14 (Notices), redeem or purchase (or procure the purchase of), at its option, the Notes 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 of 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 ConditionCondition 5(f). A "In these Conditions, a “Substantial Purchase Event" ” shall be deemed to have occurred if at least 80 per cent. cent of the aggregate principal amount of the Notes 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 its Subsidiaries the Issuer (and in each case is cancelled in accordance with Condition 5(i)).