Under the Euro Medium Term Note Programme ... - Finance - EDF
Under the Euro Medium Term Note Programme ... - Finance - EDF
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 />
<strong>the</strong> rules and procedures of <strong>Euro</strong>clear France and, in <strong>the</strong> case of<br />
Materialised Bearer <strong>Note</strong>s, by surrendering to <strong>the</strong> Fiscal Agent <strong>the</strong><br />
Temporary Global Certificate and <strong>the</strong> Definitive Materialised Bearer <strong>Note</strong>s in<br />
question toge<strong>the</strong>r with all unmatured Receipts and Coupons and all<br />
unexchanged Talons and, in each case, if so transferred or surrendered,<br />
shall, toge<strong>the</strong>r with all <strong>Note</strong>s redeemed by <strong>the</strong> Issuer, be cancelled forthwith<br />
(toge<strong>the</strong>r with, in <strong>the</strong> case of Dematerialised <strong>Note</strong>s, all rights relating to<br />
payment of interest and o<strong>the</strong>r amounts relating to such Dematerialised <strong>Note</strong>s<br />
and, in <strong>the</strong> case of Materialised <strong>Note</strong>s, all unmatured Receipts and Coupons<br />
and unexchanged Talons attached <strong>the</strong>reto or surrendered <strong>the</strong>rewith). Any<br />
<strong>Note</strong>s so cancelled or, where applicable, transferred or surrendered for<br />
cancellation may not be re-issued or resold and <strong>the</strong> obligations of <strong>the</strong> Issuer<br />
in respect of any such <strong>Note</strong>s shall be discharged.<br />
(j)<br />
Illegality: If, by reason of any change in French law or published regulations<br />
becoming effective after <strong>the</strong> Issue Date, it will become unlawful for <strong>the</strong> Issuer<br />
to perform or comply with one or more of its obligations under <strong>the</strong> <strong>Note</strong>s, <strong>the</strong><br />
Issuer will, subject to having given not more than 45 nor less than 30 days'<br />
notice to <strong>the</strong> <strong>Note</strong>holders (which notice shall be irrevocable), in accordance<br />
with Condition 15 (Notices), redeem all, but not some only, of <strong>the</strong> <strong>Note</strong>s at<br />
<strong>the</strong>ir Early Redemption Amount toge<strong>the</strong>r with any interest accrued to <strong>the</strong><br />
date set for redemption.<br />
7. Payments and Talons<br />
(a)<br />
(b)<br />
Dematerialised <strong>Note</strong>s: Payments of principal and interest in respect of<br />
Dematerialised <strong>Note</strong>s shall (in <strong>the</strong> case of Dematerialised <strong>Note</strong>s in bearer<br />
dematerialised form or administered registered form) be made by transfer to<br />
<strong>the</strong> account denominated in <strong>the</strong> relevant currency of <strong>the</strong> relevant Account<br />
Holders for <strong>the</strong> benefit of <strong>the</strong> <strong>Note</strong>holders and, (in <strong>the</strong> case of Dematerialised<br />
<strong>Note</strong>s in fully registered form), to an account denominated in <strong>the</strong> relevant<br />
currency with a Bank (as defined below) designated by <strong>the</strong> <strong>Note</strong>holders. All<br />
payments validly made to such Account Holders will be an effective<br />
discharge of <strong>the</strong> Issuer in respect of such payments.<br />
Materialised Bearer <strong>Note</strong>s: Payments of principal and interest in respect of<br />
Materialised Bearer <strong>Note</strong>s shall, subject as mentioned below, be made<br />
against presentation and surrender during usual business hours of <strong>the</strong><br />
relevant Receipts (in <strong>the</strong> case of payments of Instalment Amounts o<strong>the</strong>r than<br />
on <strong>the</strong> due date for redemption and provided that <strong>the</strong> Receipt is presented<br />
for payment toge<strong>the</strong>r with its relative <strong>Note</strong>), Materialised Bearer <strong>Note</strong>s (in <strong>the</strong><br />
case of all o<strong>the</strong>r payments of principal and, in <strong>the</strong> case of interest, as<br />
specified in Condition 7(f)(vi) (Unmatured Coupons and Receipts and<br />
unexchanged Talons)) or Coupons (in <strong>the</strong> case of interest, save as specified<br />
in Condition 7(f)(vi)), as <strong>the</strong> case may be, at <strong>the</strong> specified office of any<br />
Paying Agent outside <strong>the</strong> United States by a cheque payable in <strong>the</strong> relevant<br />
currency drawn on, or, at <strong>the</strong> option of <strong>the</strong> <strong>Note</strong>holder, by transfer to an<br />
account denominated in such currency with, a bank in <strong>the</strong> principal financial<br />
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