Common use of Exclusion of liens and interest Clause in Contracts

Exclusion of liens and interest. The Principal Paying Agent shall be entitled to deal with each amount paid to it under this Clause 6 in the same manner as other amounts paid to it as a banker and not as trustee by its customers and such moneys will not be subject to the UK FCA Client Money Rules provided that: (a) it shall not exercise against the Issuer any lien, right of set off, right of combination of accounts or similar claim in respect of monies received by it in connection with its activities hereunder; and (b) it shall not be liable to any person for interest thereon. No monies held by the Principal Paying Agent need be segregated except as required by Law.

Exclusion of liens and interest. The Principal Paying Agent shall be entitled to deal with each amount paid to it under this Clause 6 in the same manner as other amounts paid to it as a banker and not as trustee by its customers and such moneys will not be subject to the UK FCA Client Money Rules by its customers, provided that: (a) it shall not exercise against the Issuer any lien, right of set off, right of combination of accounts set-off or similar claim in respect of monies received by it in connection with its activities hereunder; andthereof; (b) it shall not be liable to any person for interest thereon. No monies held ; and (c) funds received by the Principal Paying Agent need Agents for the payments of sums due in respect of any Notes shall be segregated except as only to the extent required by Lawlaw.