Common use of Application by Principal Paying Agent Clause in Contracts

Application by Principal Paying Agent. The Principal Paying Agent shall apply (or direct or cause application of) each amount paid to it hereunder in accordance with Clause 7 in respect of the Global Ninth Issuer Notes and Definitive Ninth Issuer Notes (if any) and shall not be obliged to repay any such amount other than as provided herein or unless the claim for the relevant payment becomes void under the Conditions in which event it shall repay to the Ninth Issuer such portion of such amount as relates to such payment, together with the fees applicable thereto (pro rata as to the amount and time) to the extent already paid pursuant to Clause 10, by paying the same by credit transfer in euro, sterling or dollars, as the case may be, to such account with such bank as the Ninth Issuer has by notice to the Principal Paying Agent specified for the purpose.

Appears in 2 contracts

Samples: Agreement (HOLMES FINANCING (No. 9) PLC), Agreement (HOLMES FINANCING (No. 9) PLC)

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Application by Principal Paying Agent. The Principal Paying Agent shall apply (or direct or cause application of) each amount paid to it hereunder in accordance with Clause CLAUSE 7 in respect of the Global Ninth Eighth Issuer Notes and Definitive Ninth Eighth Issuer Notes (if any) and shall not be obliged to repay any such amount other than as provided herein or unless the claim for the relevant payment becomes void under the Conditions in which event it shall repay to the Ninth Eighth Issuer such portion of such amount as relates to such payment, together with the fees applicable thereto (pro rata as to the amount and time) to the extent already paid pursuant to Clause CLAUSE 10, by paying the same by credit transfer in sterling, dollars or euro, sterling or dollars, as the case may be, to such account with such bank as the Ninth Eighth Issuer has by notice to the Principal Paying Agent specified for the purpose.

Appears in 2 contracts

Samples: Permanent Financing (No. 8) PLC, Permanent Mortgages Trustee LTD

Application by Principal Paying Agent. The Principal Paying Agent shall apply (or direct or cause application of) each amount paid to it hereunder in accordance with Clause CLAUSE 7 in respect of the Global Ninth Seventh Issuer Notes and Definitive Ninth Seventh Issuer Notes (if any) and shall not be obliged to repay any such amount other than as provided herein or unless the claim for the relevant payment becomes void under the Conditions in which event it shall repay to the Ninth Seventh Issuer such portion of such amount as relates to such payment, together with the fees applicable thereto (pro rata as to the amount and time) to the extent already paid pursuant to Clause CLAUSE 10, by paying the same by credit transfer in sterling, dollars or euro, sterling or dollars, as the case may be, to such account with such bank as the Ninth Seventh Issuer has by notice to the Principal Paying Agent specified for the purpose.

Appears in 2 contracts

Samples: Permanent Mortgages Trustee LTD, Permanent Mortgages Trustee LTD

Application by Principal Paying Agent. The Principal Paying Agent shall apply (or direct or cause application of) each amount paid to it hereunder in accordance with Clause CLAUSE 7 in respect of the Global Ninth Sixth Issuer Notes and Definitive Ninth Sixth Issuer Notes (if any) and shall not be obliged to repay any such amount other than as provided herein or unless the claim for the relevant payment becomes void under the Conditions in which event it shall repay to the Ninth Sixth Issuer such portion of such amount as relates to such payment, together with the fees applicable thereto (pro rata as to the amount and time) to the extent already paid pursuant to Clause CLAUSE 10, by paying the same by credit transfer in sterling, dollars or euro, sterling or dollars, as the case may be, to such account with such bank as the Ninth Sixth Issuer has by notice to the Principal Paying Agent specified for the purpose.

Appears in 2 contracts

Samples: Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD), Permanent Financing (No. 6) PLC

Application by Principal Paying Agent. The Principal Paying Agent shall apply (or direct or cause application of) each amount paid to it hereunder in accordance with Clause CLAUSE 7 in respect of the Global Ninth Second Issuer Notes and Definitive Ninth Second Issuer Notes (if any) and shall not be obliged to repay any such amount other than as provided herein or unless the claim for the relevant payment becomes void under the Conditions in which event it shall repay to the Ninth Second Issuer such portion of such amount as relates to such payment, together with the fees applicable thereto (pro rata as to the amount and time) to the extent already paid pursuant to Clause CLAUSE 10, by paying the same by credit transfer in sterling, dollars or euro, sterling or dollars, as the case may be, to such account with such bank as the Ninth Second Issuer has by notice to the Principal Paying Agent specified for the purpose.

Appears in 1 contract

Samples: Agreement (Permanent Mortgages Trustee LTD)

Application by Principal Paying Agent. The Principal Paying Agent shall apply (or direct or cause application of) each amount paid to it hereunder in accordance with Clause 7 in respect of the Global Ninth Seventh Issuer Notes and Definitive Ninth Seventh Issuer Notes (if any) and shall not be obliged to repay any such amount other than as provided herein or unless the claim for the relevant payment becomes void under the Conditions in which event it shall repay to the Ninth Seventh Issuer such portion of such amount as relates to such payment, together with the fees applicable thereto (pro rata as to the amount and time) to the extent already paid pursuant to Clause 10, by paying the same by credit transfer in euro, sterling or dollars, as the case may be, to such account with such bank as the Ninth Seventh Issuer has by notice to the Principal Paying Agent specified for the purpose.

Appears in 1 contract

Samples: Agreement (Holmes Financing No 7 PLC)

Application by Principal Paying Agent. The Principal Paying Agent shall apply (or direct or cause application of) each amount paid to it hereunder in accordance with Clause CLAUSE 7 in respect of the Global Ninth Sixth Issuer Notes and Definitive Ninth Sixth Issuer Notes (if any) and shall not be obliged to repay any such amount other than as provided herein or unless the claim for the relevant payment becomes void under the Conditions in which event it shall repay to the Ninth Sixth Issuer such portion of such amount as relates to such payment, together with the fees applicable thereto (pro rata as to the amount and time) to the extent already paid pursuant to Clause CLAUSE 10, by paying the same by credit transfer in euro, sterling or dollars, as the case may be, to such account with such bank as the Ninth Sixth Issuer has by notice to the Principal Paying Agent specified for the purpose.

Appears in 1 contract

Samples: Agreement (Holmes Financing No 6 PLC)

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Application by Principal Paying Agent. The Principal Paying Agent shall apply (or direct or cause application of) each amount paid to it hereunder in accordance with Clause CLAUSE 7 in respect of the Global Ninth Fourth Issuer Notes and Definitive Ninth Fourth Issuer Notes (if any) and shall not be obliged to repay any such amount other than as provided herein or unless the claim for the relevant payment becomes void under the Conditions in which event it shall repay to the Ninth Fourth Issuer such portion of such amount as relates to such payment, together with the fees applicable thereto (pro rata as to the amount and time) to the extent already paid pursuant to Clause CLAUSE 10, by paying the same by credit transfer in sterling, dollars or euro, sterling or dollars, as the case may be, to such account with such bank as the Ninth Fourth Issuer has by notice to the Principal Paying Agent specified for the purpose.

Appears in 1 contract

Samples: Fourth Issuer Paying (Permanent Mortgages Trustee LTD)

Application by Principal Paying Agent. The Principal Paying Agent shall apply (or direct or cause application of) each amount paid to it hereunder in accordance with Clause 7 in respect of the Global Ninth Third Issuer Notes and Definitive Ninth Third Issuer Notes (if any) and shall not be obliged to repay any such amount other than as provided herein or unless the claim for the relevant payment becomes void under the Conditions in which event it shall repay to the Ninth Third Issuer such portion of such amount as relates to such payment, together with the fees applicable thereto (pro rata as to the amount and time) to the extent already paid pursuant to Clause 10, by paying the same by credit transfer in sterling, dollars or euro, sterling or dollars, as the case may be, to such account with such bank as the Ninth Third Issuer has by notice to the Principal Paying Agent specified for the purpose.

Appears in 1 contract

Samples: Permanent Mortgages Trustee LTD

Application by Principal Paying Agent. The Principal Paying Agent shall apply (or direct or cause application of) each amount paid to it hereunder in accordance with Clause CLAUSE 7 in respect of the Global Ninth Fifth Issuer Notes and Definitive Ninth Fifth Issuer Notes (if any) and shall not be obliged to repay any such amount other than as provided herein or unless the claim for the relevant payment becomes void under the Conditions in which event it shall repay to the Ninth Fifth Issuer such portion of such amount as relates to such payment, together with the fees applicable thereto (pro rata as to the amount and time) to the extent already paid pursuant to Clause CLAUSE 10, by paying the same by credit transfer in sterling, dollars or euro, sterling or dollars, as the case may be, to such account with such bank as the Ninth Fifth Issuer has by notice to the Principal Paying Agent specified for the purpose.

Appears in 1 contract

Samples: Permanent Financing (No. 5) PLC

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