Common use of Application by Principal Paying Agent Clause in Contracts

Application by Principal Paying Agent. The Principal Paying Agent shall apply each amount paid to it hereunder in accordance with Clause 7 (Payments to Noteholders) and shall not be obliged to repay any such amount unless the claim for the relevant payment becomes void under Condition 14 (Prescription) or otherwise ceases in accordance with the Conditions, in which event it shall refund at the written request of the Relevant Issuer, or (as the case may be) the Guarantor such portion of such amount as relates to such payment by paying the same by credit transfer to such account with such bank as the Relevant Issuer or (as the case may be) the Guarantor has by notice to the Principal Paying Agent specified for the purpose.

Application by Principal Paying Agent. The Principal Paying Agent shall apply each amount paid to it hereunder in accordance with Clause 7 (Payments to Noteholders) and shall not be obliged to repay any such amount unless the claim for the relevant payment becomes void under Condition 14 (Prescription) or otherwise ceases in accordance with the Conditions, in which event it shall refund at the written request of the Relevant Issuer, or (as the case may be) the Guarantor Guarantor, such portion of such amount as relates to such payment by paying the same by credit transfer to such account with such bank as the Relevant Issuer or (as the case may be) the Guarantor has by notice to the Principal Paying Agent specified for the purpose.

Application by Principal Paying Agent. The Principal Paying Agent shall apply each amount paid to it hereunder in accordance with Clause 7 (Payments to Noteholders) and shall not be obliged to repay any such amount unless the claim for the relevant payment becomes void under Condition 14 11 (Prescription) or otherwise ceases in accordance with the Conditions, in which event it shall refund at the written request of the Relevant Issuer, or (as the case may be) the Guarantor Guarantor, such portion of such amount as relates to such payment by paying the same by credit transfer to such account with such bank as the Relevant Issuer or (as the case may be) the Guarantor has by notice to the Principal Paying Agent specified for the purpose.

Application by Principal Paying Agent. The Principal Paying Agent shall apply each amount paid to it hereunder in accordance with Clause 7 (Payments to Noteholders) and shall not be obliged to repay any such amount unless the claim for the relevant payment becomes void under Condition 14 (Prescription) or otherwise ceases in accordance with the Conditions, in which event it shall refund at the written request of the Relevant Issuerrelevant Issuer or, or (as the case may be) , the Guarantor Guarantor, such portion of such amount as relates to such payment by paying the same by credit transfer to such account with such bank as the Relevant relevant Issuer or (or, as the case may be) , the Guarantor has by notice to the Principal Paying Agent specified for the purpose.

Application by Principal Paying Agent. The Principal Paying Agent shall apply each amount paid to it hereunder in accordance with Clause 7 (Payments to Noteholders) and shall not be obliged to repay any such amount unless the claim for the relevant payment becomes void under Condition 14 (Prescription) or otherwise ceases in accordance with the Conditions, in which event it shall refund at the written request of the Relevant Issuerrelevant Issuer or, or (as the case may be) , the Guarantor Guarantor, such portion of such amount as relates to such payment by paying the same by credit transfer to such account with such bank as the Relevant relevant Issuer or (or, as the case may be) , the Guarantor has by written notice to the Principal Paying Agent specified for the purpose.

Application by Principal Paying Agent. The Principal Paying Agent shall apply each amount paid to it hereunder in accordance with Clause 7 (Payments to Noteholders) and shall not be obliged to repay any such amount unless the claim for the relevant payment becomes void under Condition 14 13 (Prescription) or otherwise ceases in accordance with the Conditions, in which event it shall refund at the written request of the Relevant Issuer, Issuer or (as the case may be) the Guarantor Guarantors such portion of such amount as relates to such payment by paying the same by credit transfer to such account with such bank as the Relevant Issuer or (as the case may be) the Guarantor has Guarantors have by notice to the Principal Paying Agent specified for the purpose.