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Under the Euro Medium Term Note Programme ... - Finance - EDF

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<strong>Term</strong>s and Conditions of <strong>the</strong> <strong>Note</strong>s<br />

each Instalment Date at <strong>the</strong> related Instalment Amount specified in <strong>the</strong><br />

relevant Final <strong>Term</strong>s. The outstanding nominal amount of each such <strong>Note</strong><br />

shall be reduced by <strong>the</strong> Instalment Amount (or, if such Instalment Amount is<br />

calculated by reference to a proportion of <strong>the</strong> nominal amount of such <strong>Note</strong>,<br />

such proportion) for all purposes with effect from <strong>the</strong> related Instalment Date,<br />

unless payment of <strong>the</strong> Instalment Amount is improperly withheld or refused,<br />

in which case, such amount shall remain outstanding until <strong>the</strong> Relevant Date<br />

relating to such Instalment Amount.<br />

(c)<br />

Redemption at <strong>the</strong> Option of <strong>the</strong> Issuer and Partial Redemption: If a Call<br />

Option is specified in <strong>the</strong> relevant Final <strong>Term</strong>s, <strong>the</strong> Issuer may, subject to<br />

compliance by <strong>the</strong> Issuer with all relevant laws, regulations and directives<br />

and on giving not less than 15 nor more than 30 days' irrevocable notice in<br />

accordance with Condition 15 (Notices) to <strong>the</strong> <strong>Note</strong>holders (or such o<strong>the</strong>r<br />

notice period as may be specified in <strong>the</strong> relevant Final <strong>Term</strong>s), redeem all,<br />

or, if so provided, some, of <strong>the</strong> <strong>Note</strong>s on any Optional Redemption Date. Any<br />

such redemption of <strong>Note</strong>s shall be at <strong>the</strong>ir Optional Redemption Amount<br />

toge<strong>the</strong>r with interest accrued to <strong>the</strong> date fixed for redemption. Any such<br />

redemption must relate to <strong>Note</strong>s of a nominal amount at least equal to <strong>the</strong><br />

Minimum Redemption Amount to be redeemed specified in <strong>the</strong> relevant Final<br />

<strong>Term</strong>s and no greater than <strong>the</strong> Maximum Redemption Amount to be<br />

redeemed specified in <strong>the</strong> relevant Final <strong>Term</strong>s.<br />

All <strong>Note</strong>s in respect of which any such notice is given shall be redeemed on<br />

<strong>the</strong> date specified in such notice in accordance with this Condition.<br />

In <strong>the</strong> case of a partial redemption in respect of Materialised <strong>Note</strong>s, <strong>the</strong> notice<br />

to holders of such Materialised <strong>Note</strong>s shall also contain <strong>the</strong> number of <strong>the</strong><br />

Definitive Materialised Bearer <strong>Note</strong>s to be redeemed, which shall have been<br />

drawn in such place and in such manner as may be fair and reasonable in <strong>the</strong><br />

circumstances, taking account of prevailing market practices, subject to<br />

compliance with any applicable laws and Regulated Market requirements.<br />

In <strong>the</strong> case of a partial redemption in respect of Dematerialised <strong>Note</strong>s, <strong>the</strong><br />

redemption may be effected, at <strong>the</strong> option of <strong>the</strong> Issuer, ei<strong>the</strong>r (i) by reducing<br />

<strong>the</strong> nominal amount of all such Dematerialised <strong>Note</strong>s in a Series in proportion<br />

to <strong>the</strong> aggregate nominal amount redeemed or (ii) by redeeming in full some<br />

only of such Dematerialised <strong>Note</strong>s and, in such latter case, <strong>the</strong> choice<br />

between those Dematerialised <strong>Note</strong>s that will be fully redeemed and those<br />

Dematerialised <strong>Note</strong>s of any Series that will not be redeemed shall be made<br />

in accordance with Article R.213-16 of <strong>the</strong> French Code monétaire et<br />

financier and <strong>the</strong> provisions of <strong>the</strong> relevant Final <strong>Term</strong>s, subject to<br />

compliance with any o<strong>the</strong>r applicable laws and Regulated Market<br />

requirements.<br />

So long as <strong>the</strong> <strong>Note</strong>s are admitted to trading on a Regulated Market and <strong>the</strong><br />

rules of, or applicable to, such Regulated Market require, <strong>the</strong> Issuer shall,<br />

each time <strong>the</strong>re has been a partial redemption of <strong>the</strong> <strong>Note</strong>s, cause to be<br />

published in accordance with Articles 221-3 and 221-4 of <strong>the</strong> General<br />

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