Common use of Voluntary early redemption - Call Option Clause in Contracts

Voluntary early redemption - Call Option. (a) The Issuer may redeem all or some of the Outstanding Bonds (the “Call Option”) on any Business Day from and including: (i) the Issue Date to, but not including, the First Call Date at a price equal to the Make Whole Amount; (ii) the First Call Date to, but not including, the Interest Payment Date falling 30 months after the Issue Date at a price equal to [100.00 per cent. plus 50.00 per cent. of the Margin] per cent. of the Nominal Amount of the redeemed Bonds; (iii) the Interest Payment Date falling 30 months after the Issue Date to, but not in- cluding, the Interest Payment Date falling 36 months after the Issue Date at a price equal to [100.00 per cent. plus 35.00 per cent. of the Margin] per cent. of the Nominal Amount of the redeemed Bonds; (iv) the Interest Payment Date falling 36 months after the Issue Date to, but not in- cluding, the Interest Payment Date falling 42 months after the Issue Date at a price equal to [100.00 per cent. plus 20.00 per cent. of the Margin] per cent. of the Nominal Amount of the redeemed Bonds; and (v) the Interest Payment Date falling 42 months after the Issue Date to, but not in- cluding, the Maturity Date at a price equal to [100.00 per cent. plus 5.00 per cent. of the Margin] per cent. of the Nominal Amount of the redeemed Bonds, and each of the respective call prices set out in the preceding paragraphs, shall be referred to as a “Call Price”. (b) Any redemption of Bonds pursuant to paragraph (a) above shall be determined based upon the redemption prices applicable on the Call Option Repayment Date. (c) The Call Option may be exercised by the Issuer by written notice to the Bond Trustee at least 10 Business Days prior to the applicable Call Option Repayment Date. Any such notice (i) shall be irrevocable, (ii) shall specify the applicable Call Option Repay- ment Date and the aggregate Nominal Amount of the Bonds to be redeemed and (iii) may, at the Issuer's discretion, be subject to the satisfaction of one or more conditions precedent which shall be satisfied or waived at least three Business Days prior to such Call Option Repayment Date (and, if any such conditions precedent have not been sat- isfied or waived within such time, such Call Option shall automatically be cancelled). (d) Any Call Option exercised in part will be used for pro rata payment to the Bondholders in accordance with the applicable regulations of the CSD.

Voluntary early redemption - Call Option. (a) The Issuer may redeem all or some part of the Outstanding Bonds (the “Call Option”) on any Business Day from and including: (i) the Issue Date to, but not including, the First Call Date at a price equal to the Make Whole Amount; (ii) the First Call Date to, but not including, the Interest Payment Date falling 30 months after the Issue Date in November 2025 at a price equal to [100.00 per cent. plus 50.00 per cent. of the Margin] 104.938 per cent. of the Nominal Amount of for each redeemed Bond (the redeemed Bonds“First Call Price”); (iii) the Interest Payment Date falling 30 months after the Issue Date in November 2025 to, but not in- cludingincluding, the Interest Payment Date falling 36 months after the Issue Date in May 2026 at a price equal to [100.00 per cent. plus 35.00 per cent. of the Margin] 103.292 per cent. of the Nominal Amount of the for each redeemed Bonds;Bond; and (iv) the Interest Payment Date falling 36 months after the Issue Date in May 2026 to, but not in- cluding, the Interest Payment Date falling 42 months after the Issue Date at a price equal to [100.00 per cent. plus 20.00 per cent. of the Margin] per cent. of the Nominal Amount of the redeemed Bonds; and (v) the Interest Payment Date falling 42 months after the Issue Date to, but not in- cludingincluding, the Maturity Date at a price equal to [100.00 per cent. plus 5.00 per cent. of the Margin] 100.500 per cent. of the Nominal Amount of the for each redeemed Bonds, and each of the respective call prices set out in the preceding paragraphs, shall be referred to as a “Call Price”Bond. (b) Any redemption of Bonds pursuant to paragraph (a) above shall be determined based upon the redemption prices applicable on the Call Option Repayment Date. (c) The Call Option may be exercised by the Issuer by written notice to the Bond Trustee at least 10 ten (10) Business Days prior to the applicable proposed Call Option Repayment Date. Any such Such notice (i) shall be irrevocable, (ii) sent by the Issuer is irrevocable and shall specify the applicable Call Option Repay- ment Date and the aggregate Nominal Amount of the Bonds to be redeemed and (iii) Repayment Date, but may, at the Issuer's ’s discretion, be subject to the satisfaction of one or more certain conditions precedent which shall precedent, to be satisfied or waived at least no later than three (3) Business Days prior to such the Call Option Repayment Date (and, if any Date. If such conditions precedent have not been sat- isfied or waived lifted by that date, the call notice shall be null and void. Unless the Make Whole Amount is set out in the written notice where the Issuer exercises the Call Option, the Issuer shall calculate the Make Whole Amount and provide such calculation by written notice to the Bond Trustee as soon as possible and at the latest within such time, such Call Option shall automatically be cancelled)three (3) Business Days from the date of the notice. (d) Any Call Option exercised in part will be used for pro rata payment to the Bondholders in accordance with the applicable regulations of the CSD.