Voluntary Redemption. (a) The Issuer or Issuer 2 (as applicable) may, by giving not less than three Business Days’ (or such shorter period as the Majority Bridge Noteholders may agree) prior notice to the Trustee, redeem or repurchase the Notes on the last day of an Interest Period in whole or in part. (b) Subject to paragraph (a) above, and subject to paragraph (c) below, a redemption or repurchase made pursuant to this Clause 4.7 must be an amount that reduces the amount of the relevant Notes by a minimum amount of $1,000,000 or such lesser amount as the Trustee may agree. (c) Any repurchase or redemption made under this Clause 4.7 must be applied across the Notes of all Bridge Noteholders pro rata. (d) The amount to be redeemed will also be applied in accordance with Clause 4.9 (Miscellaneous provisions).
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Sources: Loan Note Facility (Babylon Holdings LTD), Loan Agreement (Babylon Holdings LTD)
Voluntary Redemption. (a) The Issuer or Issuer 2 (as applicable) may, by giving not less than three Business Days’ (or such shorter period as the Majority Bridge Noteholders may agree) prior notice to the Trustee, redeem or repurchase the Notes on the last day of an Interest Period in whole or in part.
(b) Subject to paragraph (a) above, and subject to paragraph (c) below, a redemption or repurchase made pursuant to this Clause 4.7 must be an amount that reduces the amount of the relevant Notes by a minimum amount of $1,000,000 or such lesser amount as the Trustee may agree.
(c) Any repurchase or redemption made under this Clause 4.7 must be applied across the Notes of all Bridge Noteholders pro rata.
(d) The amount to be redeemed will also be applied in accordance with Clause 4.9 (Miscellaneous provisions).
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