Condition to payment by Agents Clause Samples
Condition to payment by Agents. The Principal Paying Agent will promptly notify each of the other Agents, the Trustee and the Issuer if it has not by the time specified for its receipt received the amount referred to in sub-Clause 5.1.
Condition to payment by Agents. The Fiscal Agent shall notify by facsimile and/or email forthwith the Paying Agent if it has not by the due date for any payment referred to in Clause 4.1 (Payment to the Fiscal Agent) in respect of the Notes received the full amount so payable on such date by the time specified for its receipt. Unless and until such amount has been received by the Fiscal Agent, it shall not be bound to make any payments in respect of the Notes. The Fiscal Agent shall have no obligation to act if it believes it will incur costs for which it will not be reimbursed.
Condition to payment by Agents. The Principal Paying Agent will forthwith notify by facsimile each of the other Agents, the Trustee, the Issuer and the Guarantor if it has not by the due date for any payment due in respect of the Bonds received the full amount so payable on such date.
Condition to payment by Agents. The Fiscal Agent shall notify the Paying Agents as soon as reasonable practicable if it has not by the due date for any payment referred to in Clause 6.1 (Payments to Fiscal Agent) in respect of the Notes received the full amount so payable on such date by the time specified for its receipt. Unless and until such amount has been received by the Fiscal Agent, neither the Fiscal Agent nor any Paying Agent shall be bound to make any payments in respect of the Notes, provided that to the extent that partial payment has been made under the terms of this Agreement, the Fiscal Agent and the other Paying Agents shall be bound to act as paying agents in respect of such partial payment. Further, the Fiscal Agent shall not be obliged to take any action under this Agreement which it expects will result in any expense or liability accruing to it, the payment of which within a reasonable time is not, in its reasonable opinion, assured to it.
Condition to payment by Agents. The Fiscal Agent shall notify the Paying Agents as soon as reasonable practicable if it has not by the due date for any payment referred to in Clause 6.1 (Payments to the Fiscal Agent) in respect of the Notes received the full amount so payable on such date by the time specified for its receipt. Unless and until such amount has been received by the Fiscal Agent, neither the Fiscal Agent nor any Paying Agent shall be bound to make any payments in respect of the Notes. Further, the Fiscal Agent shall not be obliged to take any action under this Agreement which it expects will result in any expense or liability accruing to it, the payment of which within a reasonable time is not, in its reasonable opinion, assured to it.
Condition to payment by Agents. The Principal Paying, Transfer and Conversion Agent will forthwith notify each of the other Agents, the Trustee and the Issuer if it has not, by the time specified for its receipt, received the confirmation referred to in sub-Clause 5.1 or by the due date for any payment due in respect of the Bonds received the full amount so payable on such date.