Common use of Credit Event Notice Clause in Contracts

Credit Event Notice. If at any time the Calculation Agent determines that a Credit Event has occurred during the Reference Period, whether or not such event is continuing, the Issuer may give a Credit Event Notice during the Notice Delivery Period to the Noteholders in accordance with Condition 13 of the English Law Notes or Condition 14 of the French Law Notes, as the case may be, of its intention to redeem the Credit Linked Notes (other than principal protected Credit Linked Notes), and if such notice is so given, the Issuer shall, unless otherwise specified in the applicable Final Terms and in accordance with the provisions of the Technical Annex, redeem all but not some only of the Credit Linked Notes then outstanding on the Credit Event Redemption Date, subject to the provisions of Condition 19.15, as determined by the Calculation Agent in its sole discretion. Such redemption shall occur by Physical Settlement and/or, if so specified in the applicable Final Terms, Cash Settlement or

Credit Event Notice. If at any time the Calculation Agent determines that a Credit Event has occurred during the Reference Period, whether or not such event is continuing, the Issuer may give a Credit Event Notice during the Notice Delivery Period to the Noteholders in accordance with Condition 13 of the English Law Notes or Condition 14 of the French Law Notes, as the case may be, of its intention to redeem the Credit Linked Notes (other than principal protected Credit Linked Notes), and if such notice is so given, the Issuer shall, unless otherwise specified in the applicable Final Terms and in accordance with the provisions of the Technical Annex, redeem all but not some only of the Credit Linked Notes then outstanding on the Credit Event Redemption Date, subject to the provisions of Condition 19.15, as determined by the Calculation Agent in its sole discretion. Such redemption shall occur by Physical Settlement and/or, if so specified in the applicable Final Terms, Cash Settlement or,