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

Voluntary early redemption - Call Option. (a) The Issuer may redeem all or part of the Outstanding Bonds (the “Call Option”) on any Business Day from and including: i. the Interest Payment Date in May 2020 to (but excluding) the Interest Payment Date in May 2021 at a price equal to 100 per cent. of the par value of the Bonds to be redeemed; and ii. the Interest Payment Date in May 2021 to (but excluding) the Maturity Date at a price equal to 105 per cent. of the par value of the Bonds to be redeemed. (b) Any redemption of Bonds pursuant to Clause 10.3 (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 proposed Call Option Repayment Date. Such notice sent by the Issuer is irrevocable and shall specify the Call Option Repayment Date. (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 Securities Depository. (e) On the Call Option Repayment Date, the Issuer shall pay to each of the Bondholders holding Bonds to be redeemed, the value of each such Bond as per (a) above and any unpaid interest accrued thereon up to (but excluding) the Call Option Repayment Date.

Voluntary early redemption - Call Option. (a) The Issuer may redeem all or part of the Outstanding Bonds (the “Call Option”) on any Business Day from (and including:): i. (i) the Interest Payment Date in May 2020 to (but excluding) the Interest Payment Date in May 2021 at a price equal to 100 per cent. of the par value of the Bonds to be redeemed; and (ii. ) the Interest Payment Date in May 2021 to (but excluding) the Maturity Date at a price equal to 105 per cent. of the par value of the Bonds to be redeemed. (b) Any redemption of Bonds pursuant to Clause 10.3 (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 proposed Call Option Repayment Date. Such notice sent by the Issuer is irrevocable and shall specify the Call Option Repayment Date. (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 Securities Depository. (e) On the Call Option Repayment Date, the Issuer shall pay to each of the Bondholders holding Bonds to be redeemed, the value of each such Bond as per (a) above and any unpaid interest accrued thereon up to (but excluding) the Call Option Repayment Date.