Common use of Redemption Upon a Change of Control Clause in Contracts

Redemption Upon a Change of Control. The Securities may be redeemed at the option of the Issuer in whole, but not in part, at any time, on giving not less than 30 nor more than 60 days' notice to the Holders (which notice shall be irrevocable), the Registrar and the Fiscal Agent upon the occurrence of a Change in Control at the Special Event Redemption Price. The Issuer intends that, prior to or concurrent with exercising its redemption right set out in this Condition 5(f), it will make an offer to all unsubordinated creditors, present and future, of the Issuer and all subordinated creditors of the Issuer other than those whose claims (whether only in the event of the Winding-up of the Issuer or otherwise) are in respect of Junior Obligations or Parity Obligations (the "Senior Creditors") to repurchase any current or future indebtedness of the Issuer to Senior Creditors, in the form of, or represented or evidenced by bonds, notes, debentures or other similar securities or instruments (or a guarantee thereof) which does not include protection for the holders thereof in the event of a change of control (however defined) (the "Relevant Securities") at the lower of (i) their market value or (ii) par plus accrued interest.