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 5.1, 5.2 or 5.3 above is improperly withheld or refused, the amount due and repayable in respect of such Zero Coupon Note shall be an amount (the Amortised Face Amount) calculated in accordance with the following formula: = RP × (1 + AY)y where: RP means the Reference Price;

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 Condition 5.1, 5.2 or 5.3 above is improperly withheld or refused, the amount due and repayable in respect of such Zero Coupon Note shall be an amount (the Amortised Face Amount) its Early Redemption Amount calculated in accordance with the following formula: Early Redemption Amount = RP × x (1 + AY)y where: RP means the Reference Price;