Common use of Noteholders’ subscription Clause in Contracts

Noteholders’ subscription. (a) If the conditions set out in this Agreement have been met, and subject to Clause 9.1 (Redemption of Notes), each Noteholder shall subscribe for the relevant Notes in a Notes Subscription by the Notes Subscription Date through its Facility Office. (b) The amount of each Noteholder’s subscription for Notes in each Notes Subscription will be equal to the proportion borne by its Available Commitment to the Available Facility immediately prior to subscribing for the relevant Notes. (c) The Agent shall determine the Base Currency Amount of each Notes Subscription which is to be issued and subscribed for in an Optional Currency and notify each Noteholder of the amount, currency and the Base Currency Amount of each Notes Subscription and the amount of its subscription for Notes in that Notes Subscription and, if different, the amount of that subscription to be made available in cash by the Specified Time.