Common use of Late payment on Zero Coupon Notes Clause in Contracts

Late payment on Zero Coupon Notes. If the amount payable in respect of any Zero Coupon Note upon redemption of such Zero Coupon Note pursuant to Conditions 6.1 (Redemption at maturity), 6.2 (Redemption for tax reasons), 6.3 (Redemption at the option of the Issuer (Issuer Call)) and 6.6 (Redemption at the option of the Noteholders (Investor Put)) or upon its becoming due and repayable as provided in Condition 9 (Events of Default) is improperly withheld or refused, the amount due and repayable in respect of such Zero Coupon Note shall be the amount calculated as provided in Condition 6.8(b) (Early Redemption Amounts) as though the references therein to the date fixed for the redemption or the date upon which such Zero Coupon Note becomes due and payable were replaced by references to the date which is the earlier of:

Late payment on Zero Coupon Notes. If the amount payable in respect of any Zero Coupon Note upon redemption of such Zero Coupon Note pursuant to Conditions 6.1 Condition 8.1 (Redemption at maturity), 6.2 8.2 (Redemption for tax reasons), 6.3 8.3 (Redemption at the option of the Issuer (Issuer Call)) and 6.6 or 8.4 (Redemption at the option of the Noteholders (Investor Put)) above or upon its becoming due and repayable as provided in Condition 9 11 (Events of Default) is improperly withheld or refused, the amount due and repayable in respect of such Zero Coupon Note shall be the amount calculated as provided in Condition 6.8(b8.5(c) (Early Redemption Amounts) above as though the references therein to the date fixed for the redemption or the date upon which such Zero Coupon Note becomes due and payable were replaced by references to the date which is the earlier of:

Late payment on Zero Coupon Notes. If the amount payable in respect of any Zero Coupon Note upon redemption of such Zero Coupon Note pursuant to Conditions 6.1 Condition 7.1 (Redemption at maturity), 6.2 7.2 (Redemption for tax reasons), 6.3 7.3 (Early Redemption at the option of the Issuer due to Capital Disqualification Event) or 7.4 (Issuer Call)Early Redemption due to MREL Disqualification Event) and 6.6 (Redemption at the option of the Noteholders (Investor Put)) above or upon its becoming due and repayable as provided in Condition 9 10 (Events of Default) is improperly withheld or refused, the amount due and repayable in respect of such Zero Coupon Note shall be the amount calculated as provided in Condition 6.8(b7.8(c) (Early Redemption Amounts) as though the references therein to the date fixed for the redemption or the date upon which such Zero Coupon Note becomes due and payable were replaced by references to the date which is the earlier of:

Late payment on Zero Coupon Notes. If the amount payable in respect of any Zero Coupon Note upon redemption of such Zero Coupon Note pursuant to Conditions 6.1 Condition 7.1 (Redemption at maturity), 6.2 7.2 (Redemption for tax reasons), 6.3 7.3 (Redemption at the option of the relevant Issuer (Issuer Call)) and 6.6 or 7.4 (Redemption at the option of the Noteholders relevant Issuer (Investor PutIssuer Par Call)) or upon its becoming due and repayable as provided in Condition 9 10 (Events of DefaultDefault and Enforcement) is improperly withheld or refused, the amount due and repayable in respect of such Zero Coupon Note shall be the amount calculated as provided in Condition 6.8(b) (Early Redemption Amounts7.8(b) as though the references therein to the date fixed for the redemption or the date upon which such Zero Coupon Note becomes due and payable were replaced by references to the date which is the earlier of:

Late payment on Zero Coupon Notes. If the amount payable in respect of any Zero Coupon Note upon redemption of such Zero Coupon Note pursuant to Conditions 6.1 Condition 7.1 (Redemption at maturity), 6.2 7.2 (Redemption for tax reasons), 6.3 7.3 (Redemption at the option of the Issuer (Issuer Call)) and 6.6 or 7.4 (Redemption at the option of the Noteholders Issuer (Investor PutIssuer Par Call)) or upon its becoming due and repayable as provided in Condition 9 10 (Events of DefaultDefault and Enforcement) is improperly withheld or refused, the amount due and repayable in respect of such Zero Coupon Note shall be the amount calculated as provided in Condition 6.8(b) (Early Redemption Amounts7.8(b) as though the references therein to the date fixed for the redemption or the date upon which such Zero Coupon Note becomes due and payable were replaced by references to the date which is the earlier of:

Late payment on Zero Coupon Notes. If the amount payable in respect of any Zero Coupon Note upon redemption of such Zero Coupon Note pursuant to Conditions 6.1 Condition 7.1 (Redemption at maturity), 6.2 7.2 (Redemption for tax reasons), 6.3 7.3 (Redemption at the option of the Issuer (Issuer Call)) and 6.6 or 7.4 (Redemption at the option of the Noteholders Issuer (Investor PutIssuer Par Call)) or upon its becoming due and repayable as provided in Condition 9 10 (Events of DefaultDefault and Enforcement) is improperly withheld or refused, the amount due and repayable in respect of such Zero Coupon Note shall be the amount calculated as provided in Condition 6.8(b) (Early Redemption Amounts7.7(b) as though the references therein to the date fixed for the redemption or the date upon which such Zero Coupon Note becomes due and payable were replaced by references to the date which is the earlier of: