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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 />

provided that <strong>the</strong> due date for redemption of which notice hereunder<br />

may be given shall be no earlier than <strong>the</strong> latest practicable date on<br />

which <strong>the</strong> Issuer could make payment of principal and interest without<br />

withholding for French taxes.<br />

(ii)<br />

If <strong>the</strong> Issuer would on <strong>the</strong> next payment of principal or interest in<br />

respect of <strong>the</strong> <strong>Note</strong>s be prevented by French law from making<br />

payment to <strong>the</strong> <strong>Note</strong>holders or, if applicable, Couponholders of <strong>the</strong> full<br />

amounts <strong>the</strong>n due and payable, notwithstanding <strong>the</strong> undertaking to<br />

pay additional amounts contained in Condition 8(b) below, <strong>the</strong>n <strong>the</strong><br />

Issuer shall forthwith give notice of such fact to <strong>the</strong> Fiscal Agent and<br />

<strong>the</strong> Issuer shall upon giving not less than seven days' prior notice to<br />

<strong>the</strong> <strong>Note</strong>holders in accordance with Condition 15, redeem all, but not<br />

some only, of <strong>the</strong> <strong>Note</strong>s <strong>the</strong>n outstanding at <strong>the</strong>ir Redemption Amount<br />

toge<strong>the</strong>r with any interest accrued to <strong>the</strong> date set for redemption on<br />

(A) <strong>the</strong> latest practicable Interest Payment Date on which <strong>the</strong> Issuer<br />

could make payment of <strong>the</strong> full amount <strong>the</strong>n due and payable in<br />

respect of <strong>the</strong> <strong>Note</strong>s, provided that if such notice would expire after<br />

such Interest Payment Date <strong>the</strong> date for redemption pursuant to such<br />

notice of <strong>Note</strong>holders shall be <strong>the</strong> later of (i) <strong>the</strong> latest practicable date<br />

on which <strong>the</strong> Issuer could make payment of <strong>the</strong> full amount <strong>the</strong>n due<br />

and payable in respect of <strong>the</strong> <strong>Note</strong>s and (ii) 14 days after giving notice<br />

to <strong>the</strong> Fiscal Agent as aforesaid or (B) if so specified in <strong>the</strong> relevant<br />

Final <strong>Term</strong>s, at any time, provided that <strong>the</strong> due date for redemption of<br />

which notice hereunder shall be given shall be <strong>the</strong> latest practicable<br />

date at which <strong>the</strong> Issuer could make payment of <strong>the</strong> full amount<br />

payable in respect of <strong>the</strong> <strong>Note</strong>s, or, if applicable, Receipts or Coupons<br />

or, if that date is passed, as soon as practicable <strong>the</strong>reafter.<br />

(g)<br />

(h)<br />

Partly Paid <strong>Note</strong>s: Partly Paid <strong>Note</strong>s will be redeemed, whe<strong>the</strong>r at maturity,<br />

early redemption or o<strong>the</strong>rwise, in accordance with <strong>the</strong> provisions of this<br />

Condition and <strong>the</strong> provisions specified in <strong>the</strong> relevant Final <strong>Term</strong>s.<br />

Purchases: The Issuer shall have <strong>the</strong> right at all times to purchase <strong>Note</strong>s<br />

(provided that, in <strong>the</strong> case of Materialised <strong>Note</strong>s, all unmatured Receipts and<br />

Coupons and unexchanged Talons relating <strong>the</strong>reto are attached <strong>the</strong>reto or<br />

surrendered <strong>the</strong>rewith) in <strong>the</strong> open market or o<strong>the</strong>rwise at any price, subject<br />

to <strong>the</strong> applicable laws and/or regulations.<br />

Unless o<strong>the</strong>rwise specified in <strong>the</strong> Final <strong>Term</strong>s, <strong>Note</strong>s purchased by <strong>the</strong> Issuer<br />

may be held and resold in such amount as may be permitted by and in<br />

accordance with Article L.213-1 A of <strong>the</strong> French Code monétaire et financier<br />

for <strong>the</strong> purpose of enhancing <strong>the</strong> liquidity of <strong>the</strong> <strong>Note</strong>s.<br />

(i)<br />

Cancellation: All <strong>Note</strong>s purchased by or on behalf of <strong>the</strong> Issuer, to <strong>the</strong><br />

extent that <strong>the</strong> Issuer is not permitted to hold and resell such <strong>Note</strong>s in<br />

accordance with Article L.213-1 A of <strong>the</strong> French Code monétaire et financier,<br />

and all <strong>Note</strong>s cancelled at <strong>the</strong> option <strong>the</strong> Issuer, shall be cancelled, in <strong>the</strong><br />

case of Dematerialised <strong>Note</strong>s, by transfer to an account in accordance with<br />

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