Talk:Early redemption

Hedge Termination

1. Early Redemption Event under Notes: Promptly after becoming aware of an Event of Default or Termination Event under the Hedge Issuer must give an Early Redemption Notice to the Noteholders and the Affected Notes will become due and payable at their Early Redemption Amount on the Early Redemption Date.
2. Early Termination Date under Notes: If Issuer becomes aware it can designate an Early Termination Date for all outstanding Transactions under the Hedging Agreement and the Notes are not already subject to an Early Redemption Notice, Issuer must promptly notify the Noteholders and Trustee. If directed by an Extraordinary Resolution and satisfactorily Indemnified the Trustee must instruct Issuer to designate an Early Termination Date for all outstanding Transactions under the Hedging Agreement and the Issuer must do so.
3. No obligation to monitor and no liability for acting: Neither Issuer nor any Series Counterparties are obliged to monitor for any such Early Redemption Events. Series Counterparties may rely on any such notice without further investigation and without incurring any liability to any Secured Party.