Common use of Application by Principal Paying Agent Clause in Contracts

Application by Principal Paying Agent. The Principal Paying Agent shall (and is hereby authorised by the Issuer to) apply each amount paid to an Account in accordance with Clause 8 and shall not be obliged to repay to the Issuer any such amount unless the claim for the relevant payment becomes void under the prescription provision in the Condition 5, in which event it, subject to Clause 8 of the Principal Trust Deed, shall refund to the Issuer or pursuant to its order such portion of such amount as relates to such payment by paying the same by credit transfer in the Specified Currency to such account as the Issuer by notice to the Principal Paying Agent specifies for the purpose.

Application by Principal Paying Agent. The Principal Paying Agent shall (and is hereby authorised by the Issuer to) apply each amount paid to an Account it hereunder in accordance with Clause 8 7 (Payments to Noteholders) and shall not be obliged to repay to the Issuer any such amount unless the claim for the relevant payment becomes void under Condition 15 (Prescription) or otherwise ceases in accordance with the prescription provision in the Condition 5Conditions, in which event it, subject to Clause 8 it shall refund at the written request of the Principal Trust Deed, shall refund to the relevant Issuer or pursuant to its order such portion of such amount as relates to such payment by paying the same by credit transfer in the Specified Currency to such account with such bank as the relevant Issuer has by notice to the Principal Paying Agent specifies specified for the purpose.

Application by Principal Paying Agent. The Principal Paying Agent shall apply (and is hereby authorised by the Issuer toor direct or cause application of) apply each amount paid to an Account it hereunder in accordance with Clause 8 7 (Payments to Noteholders ) (and shall, until such time, hold such amounts as agent for the Issuer) and shall not be obliged to repay to the Issuer any such amount unless the claim for the relevant payment becomes void under the prescription provision in the Condition 510 (Prescription), in which event it, subject to Clause 8 it shall refund at the written request of the Principal Trust Deed, shall refund to the Issuer or pursuant to its order such portion of such amount as relates to such payment by paying the same by credit transfer in the Specified Currency Sterling to such account with such bank as the Issuer has by notice to the Principal Paying Agent specifies specified for the purpose.

Application by Principal Paying Agent. The Principal Paying Agent shall apply (and is hereby authorised by or direct or cause the Issuer toapplication of) apply each amount paid to an Account it under this Clause 7 (Payments to the Principal Paying Agent) in accordance with Clause 8 (Payments to Noteholders) and shall not be obliged to repay to the Issuer any such amount other than as provided herein or unless the claim for the relevant payment becomes void under the prescription provision in the Condition 5, 11 (Prescription) in which event it, subject to Clause 8 of the Principal Trust Deed, it shall refund repay to the Issuer or pursuant to its order such portion of such amount as relates to such payment by paying the same by credit transfer in the Specified Currency to into such account with such bank as the Issuer has by notice to the Principal Paying Agent specifies specified for the purpose.

Application by Principal Paying Agent. The Principal Paying Agent shall apply (and is hereby authorised by or direct or cause the Issuer toapplication of) apply each amount paid to an Account it under this Clause 7 (Payments to the Principal Paying Agents) in accordance with Clause 8 (Payments to Noteholders) and shall not be obliged to repay to the Issuer any such amount other than as provided herein or unless the claim for the relevant payment becomes void under the prescription provision in the Condition 5, Note Conditions in which event it, subject to Clause 8 of the Principal Trust Deed, it shall refund repay to the Issuer or pursuant to its order such portion of such amount as relates to such payment by paying the same by credit transfer in the Specified Currency to into such account with such bank as the Issuer has by notice to the Principal Paying Agent specifies specified for the purpose.

Application by Principal Paying Agent. The Principal Paying Agent shall (and is hereby authorised by the Issuer to) apply each amount paid to an Account in accordance with Clause 8 7 and shall not be obliged to repay to the Issuer any such amount unless the claim for the relevant payment becomes void under the prescription provision in the Condition 511, in which event it, subject to Clause 8 of the Principal Trust Deed, it shall refund to the Issuer or pursuant to its order such portion of such amount as relates to such payment by paying the same by credit transfer in the Specified Currency to such account as the Issuer by notice to the Principal Paying Agent specifies for the purpose.

Application by Principal Paying Agent. The Principal Paying Agent shall (and is hereby authorised by the Issuer to) apply each amount paid to an Account it hereunder in accordance with Clause 8 7 (Payments to Noteholders) and shall not be obliged to repay to the Issuer any such amount unless the claim for the relevant payment becomes void under Condition 15 (Prescription) or otherwise ceases in accordance with the prescription provision in the Condition 5Conditions, in which event it, subject to Clause 8 it shall return at the written request of the Principal Trust Deed, shall refund to the Issuer or pursuant to its order such portion of such amount held by it and not disbursed as relates to such payment by paying the same by credit transfer in the Specified Currency to such account with such bank as the Issuer has by notice to the Principal Paying Agent specifies specified for the purpose.

Application by Principal Paying Agent. The Principal Paying Agent shall (and is hereby authorised by the Issuer to) apply each amount paid to an Account it hereunder in accordance with Clause 8 6 (Payments to Noteholders) and shall not be obliged to repay to the Issuer any such amount unless the claim for the relevant payment becomes void under Condition 13 (Prescription) or otherwise ceases in accordance with the prescription provision in the Condition 5Conditions, in which event it, subject to Clause 8 it shall refund at the written request of the Principal Trust Deed, shall refund to the Issuer or pursuant to its order such portion of such amount as relates to such payment by paying the same by credit transfer in the Specified Currency to such account with such bank as the Issuer has by notice to the Principal Paying Agent specifies specified for the purpose.

Application by Principal Paying Agent. The Principal Paying Agent shall apply (and is hereby authorised by the Issuer toor direct or cause application of) apply each amount paid to an Account it hereunder in accordance with Clause 8 7 (Payments to Noteholders) (and shall, until such time, hold such amounts as agent for the Issuer) and shall not be obliged to repay to the Issuer any such amount unless the claim for the relevant payment becomes void under the prescription provision in the Condition 510 (Prescription), in which event it, subject to Clause 8 it shall refund at the written request of the Principal Trust Deed, shall refund to the Issuer or pursuant to its order such portion of such amount as relates to such payment by paying the same by credit transfer in the Specified Currency Sterling to such account with such bank as the Issuer has by notice to the Principal Paying Agent specifies specified for the purpose.

Application by Principal Paying Agent. The Principal Paying Agent shall (and is hereby authorised by the Issuer to) apply each amount paid to an the Account in accordance with Clause 8 7 (Payments to Noteholders) and the Conditions and shall not be obliged to repay to the Issuer any such amount unless the claim for the relevant payment becomes void under the prescription provision in the Condition 511 (Prescription), in which event it, subject to Clause 8 of the Principal Trust Deed, it shall refund to the Issuer or pursuant to its order such portion of such amount as relates to such payment by paying the same by credit transfer in the Specified Currency U.S. dollars to such account with such bank as the Issuer has by notice to the Principal Paying Agent specifies specified for the purpose.

Application by Principal Paying Agent. The Principal Paying Agent shall (and is hereby authorised by the Issuer to) apply each amount paid to an Account it hereunder in accordance with Clause 8 7 (Payments to Noteholders) and shall not be obliged to repay to the Issuer any such amount unless the claim for the relevant payment becomes void under Condition 14 (Prescription) or otherwise ceases in accordance with the prescription provision in the Condition 5Conditions, in which event it, subject to Clause 8 it shall refund at the written request of the Principal Trust Deed, shall refund to the relevant Issuer or pursuant to its order such portion of such amount as relates to such payment by paying the same by credit transfer in the Specified Currency to such account with such bank as the relevant Issuer has by notice to the Principal Paying Agent specifies specified for the purpose.