Redress Payment definition
Redress Payment means the amount to be paid by the Seller or the Legal Title- Holder (as applicable) to the Issuer in respect of a Redress Exercise within 12 months of the earliest of: (i) the voluntary election by such entity and/or its affiliates to make such payment; and (ii) the notification by the FCA or any other such regulatory authority requiring such entity and/or its affiliates to make such payment;
Redress Payment means a payment made under Part 4 of this Act,