Common use of Application by Principal Paying Agent and Class Z VFN Registrar Clause in Contracts

Application by Principal Paying Agent and Class Z VFN Registrar. The Principal Paying Agent and the Class Z VFN Registrar (as applicable) shall apply (or direct or cause application of) each amount paid to it hereunder in accordance with Clause 6 (Payments to Noteholders) (and shall, until such time, hold such amounts as agent for the Issuer) and shall not be obliged to repay any such amount unless the claim for the relevant payment becomes void under Condition 9 (Prescription), in which event it shall refund at the written request of the Issuer such portion of such amount as relates to such payment by paying the same by credit transfer in the Agreed Currency to such account with such bank as the Issuer has by notice to the Principal Paying Agent or the Class Z VFN Registrar (as applicable) specified for the purpose.

Application by Principal Paying Agent and Class Z VFN Registrar. The Principal Paying Agent and the Class Z VFN Registrar (as applicable) shall apply (or direct or cause application of) each amount paid to it hereunder in accordance with Clause 6 (Payments to Noteholders) (and shall, until such time, hold such amounts as agent for the Issuer) and shall not be obliged to repay any such amount unless the claim for the relevant payment becomes void under Condition 9 (Prescription), in which event it shall refund at the written request of the Issuer such portion of such amount as relates to such payment by paying the same by credit transfer in the Agreed Currency to such account with such bank as the Issuer has by notice to the Principal Paying Agent or the Class Z VFN Registrar (as applicable) specified for the purpose.