FAILURE TO RECEIVE PAYMENT. The Principal Paying Agent shall as soon as is reasonably practicable notify the Note Trustee, the Agent Bank, the other Paying Agents and the Eighth Issuer by facsimile: (a) if, by 5.00 p.m. (New York City time) on an Interest Payment Date, the Principal Paying Agent has not received the dollar deposit required by CLAUSE 6.2 and/or there are not sufficient funds in dollars available to the Principal Paying Agent to discharge the amount of the monies payable thereon in accordance with the Conditions and/or the provisions of the Eighth Issuer Trust Deed on such Interest Payment Date, and the Principal Paying Agent will in addition notify the Eighth Issuer by telephone as soon as reasonably practicable after any Interest Payment Date it has not received the dollar deposit required by CLAUSE 6.2 and/or as otherwise described in accordance with this CLAUSE 6.7(A); (b) if by 5.00 p.m. (London time) and/or 5.00 p.m. (Brussels time) as appropriate on an Interest Payment Date the Principal Paying Agent has not received the sterling deposit and/or the euro deposit required by CLAUSE 6.2 and/or there are not sufficient funds in sterling or euro, as the case may be, available to the Principal Paying Agent to discharge the amount of the monies payable thereon in accordance with the Conditions and/or the provisions of the Eighth Issuer Trust Deed on such Interest Payment Date, and the Principal Paying Agent will in addition notify the Eighth Issuer by telephone if by 11.00 a.m. (London time) on an Interest Payment Date it has not received the sterling deposit or euro deposit required by CLAUSE 6.2 and/or as otherwise described in accordance with this CLAUSE 6.7(B).
Appears in 2 contracts
Samples: Eighth Issuer Paying Agent and Agent Bank Agreement (Permanent Financing (No. 8) PLC), Eighth Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)
FAILURE TO RECEIVE PAYMENT. The Principal Paying Agent shall as soon as is reasonably practicable notify the Note Trustee, the Agent Bank, the other Paying Agents and the Eighth Seventh Issuer by facsimile:
(a) if, by 5.00 p.m. (New York City time) on an Interest Payment Date, the Principal Paying Agent has not received the dollar deposit required by CLAUSE 6.2 and/or there are not sufficient funds in dollars available to the Principal Paying Agent to discharge the amount of the monies payable thereon in accordance with the Conditions and/or the provisions of the Eighth Seventh Issuer Trust Deed on such Interest Payment Date, and the Principal Paying Agent will in addition notify the Eighth Seventh Issuer by telephone as soon as reasonably practicable after any Interest Payment Date it has not received the dollar deposit required by CLAUSE 6.2 and/or as otherwise described in accordance with this CLAUSE 6.7(A);
(b) if by 5.00 p.m. (London time) and/or 5.00 p.m. (Brussels time) as appropriate on an Interest Payment Date the Principal Paying Agent has not received the sterling deposit and/or the euro deposit required by CLAUSE 6.2 and/or there are not sufficient funds in sterling or euro, as the case may be, available to the Principal Paying Agent to discharge the amount of the monies payable thereon in accordance with the Conditions and/or the provisions of the Eighth Seventh Issuer Trust Deed on such Interest Payment Date, and the Principal Paying Agent will in addition notify the Eighth Seventh Issuer by telephone if by 11.00 a.m. (London time) on an Interest Payment Date it has not received the sterling deposit or euro deposit required by CLAUSE 6.2 and/or as otherwise described in accordance with this CLAUSE 6.7(B).
Appears in 2 contracts
Samples: Seventh Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD), Seventh Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)
FAILURE TO RECEIVE PAYMENT. The Principal Paying Agent shall as soon as is reasonably practicable notify the Note Trustee, the Agent Bank, the other Paying Agents and the Eighth Sixth Issuer by facsimile:
(a) if, by 5.00 p.m. (New York City time) on an Interest Payment Date, the Principal Paying Agent has not received the dollar deposit required by CLAUSE 6.2 and/or there are not sufficient funds in dollars available to the Principal Paying Agent to discharge the amount of the monies payable thereon in accordance with the Conditions and/or the provisions of the Eighth Sixth Issuer Trust Deed on such Interest Payment Date, and the Principal Paying Agent will in addition notify the Eighth Sixth Issuer by telephone as soon as reasonably practicable after any Interest Payment Date it has not received the dollar deposit required by CLAUSE 6.2 and/or as otherwise described in accordance with this CLAUSE 6.7(A);
(b) if by 5.00 p.m. (London time) and/or 5.00 p.m. (Brussels time) as appropriate on an Interest Payment Date the Principal Paying Agent has not received the sterling deposit and/or the euro deposit required by CLAUSE 6.2 and/or there are not sufficient funds in sterling or euro, as the case may be, available to the Principal Paying Agent to discharge the amount of the monies payable thereon in accordance with the Conditions and/or the provisions of the Eighth Sixth Issuer Trust Deed on such Interest Payment Date, and the Principal Paying Agent will in addition notify the Eighth Sixth Issuer by telephone if by 11.00 a.m. (London time) on an Interest Payment Date it has not received the sterling deposit or euro deposit required by CLAUSE 6.2 and/or as otherwise described in accordance with this CLAUSE 6.7(B).
Appears in 1 contract
Samples: Paying Agent Agreement (Permanent Financing (No. 6) PLC)
FAILURE TO RECEIVE PAYMENT. The Principal Paying Agent shall as soon as is reasonably practicable notify the Note Trustee, the Agent Bank, the other Paying Agents and the Eighth Third Issuer by facsimile:
(a) if, by 5.00 p.m. (New York City time) on an each Interest Payment Date, the Principal Paying Agent has not received the dollar deposit required by CLAUSE Clause 6.2 and/or there are not sufficient funds sufficientfunds in dollars available to the Principal Paying Agent to discharge the amount of the monies payable thereon in accordance with the Conditions and/or the provisions of the Eighth Third Issuer Trust Deed on such Interest Payment Date, and the Principal Paying Agent will in addition notify the Eighth Third Issuer by telephone as soon as reasonably practicable after any each Interest Payment Date if it has not received the dollar deposit required by CLAUSE Clause 6.2 and/or as otherwise described in accordance with this CLAUSE 6.7(AClause 6.7(a);
(b) if by 5.00 p.m. (London time) and/or 5.00 p.m. (Brussels time) as appropriate on an each Interest Payment Date the Principal Paying Agent has not received the sterling deposit and/or the euro deposit required by CLAUSE Clause 6.2 and/or there are not sufficient funds in sterling or euro, as the case may be, available to the Principal Paying Agent to discharge the amount of the monies payable thereon in accordance with the Conditions and/or the provisions of the Eighth Third Issuer Trust Deed on such Interest Payment Date, and the Principal Paying Agent will in addition notify the Eighth Third Issuer by telephone if by 11.00 a.m. (London time) on an each Interest Payment Date it has not received the sterling deposit or euro deposit required by CLAUSE Clause 6.2 and/or as otherwise described in accordance with this CLAUSE 6.7(BClause 6.7(b).
Appears in 1 contract
Samples: Third Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)
FAILURE TO RECEIVE PAYMENT. The Principal Paying Agent shall as soon as is reasonably practicable notify the Note Trustee, the Agent Bank, the other Paying Agents and the Eighth Issuer by facsimile:
(a) if, by 5.00 p.m. (New York City time) on an Interest Payment Date, the Principal Paying Agent has not received the dollar deposit required by CLAUSE Clause 6.2 and/or there are not sufficient funds in dollars available to the Principal Paying Agent to discharge the amount of the monies payable thereon in accordance with the Conditions and/or the provisions of the Eighth Issuer Trust Deed on such Interest Payment Date, and the Principal Paying Agent will in addition notify the Eighth Issuer by telephone as soon as reasonably practicable after any Interest Payment Date it has not received the dollar deposit required by CLAUSE Clause 6.2 and/or as otherwise described in accordance with this CLAUSE 6.7(AClause 6.7(a);
(b) if by 5.00 p.m. (London time) and/or 5.00 p.m. (Brussels time) ), as appropriate appropriate, on an Interest Payment Date Date, the Principal Paying Agent has not received the sterling deposit and/or the euro deposit required by CLAUSE Clause 6.2 and/or there are not sufficient funds in sterling or euro, as the case may be, available to the Principal Paying Agent to discharge the amount of the monies payable thereon in accordance with the Conditions and/or the provisions of the Eighth Issuer Trust Deed on such Interest Payment Date, and the Principal Paying Agent will in addition notify the Eighth Issuer by telephone if by 11.00 a.m. (London time) on an Interest Payment Date it has not received the sterling deposit or euro deposit required by CLAUSE Clause 6.2 and/or as otherwise described in accordance with this CLAUSE 6.7(BClause 6.7(b).
Appears in 1 contract
Samples: Paying Agent and Agent Bank Agreement (Permanent Funding (No. 2) LTD)
FAILURE TO RECEIVE PAYMENT. The Principal Paying Agent shall as soon as is reasonably practicable notify the Note Trustee, the Agent Bank, the other Paying Agents and the Eighth Issuer by facsimilefacsimile transmission or electronic transmission:
(a) if, by 5.00 p.m. (New York City London time) on an Interest Payment Date, the Principal Paying Agent has not received the dollar deposit required by CLAUSE Clause 6.2 and/or there are not sufficient funds in dollars available to the Principal Paying Agent to discharge the amount of the monies payable thereon in accordance with the Conditions and/or the provisions of the Eighth Issuer Note Trust Deed on such Interest Payment Date, and the Principal Paying Agent will in addition notify the Eighth Issuer by telephone as soon as reasonably practicable after any if, by 02.00 p.m. (London Time) on an Interest Payment Date it has not received the dollar deposit required by CLAUSE Clause 6.2 and/or as otherwise described in accordance with this CLAUSE 6.7(AClause 6.7(a);; and
(b) if if, by 5.00 p.m. (London time) and/or 5.00 p.m. (Brussels time) ), as appropriate appropriate, on an Interest Payment Date Date, the Principal Paying Agent has not received the sterling deposit and/or the euro deposit required by CLAUSE Clause 6.2 and/or there are not sufficient funds in sterling or euro, as the case may be, available to the Principal Paying Agent to discharge the amount of the monies payable thereon in accordance with the Conditions and/or the provisions of the Eighth Issuer Note Trust Deed on such Interest Payment Date, and the Principal Paying Agent will in addition notify the Eighth Issuer by telephone if by 11.00 a.m. (London time) on an Interest Payment Date it has not received the sterling deposit or euro deposit required by CLAUSE Clause 6.2 and/or as otherwise described in accordance with this CLAUSE 6.7(BClause 6.7(b).
Appears in 1 contract
FAILURE TO RECEIVE PAYMENT. The Principal Paying Agent shall as soon as is reasonably practicable notify the Note Trustee, the Agent Bank, the other Paying Agents and the Eighth Sixth Issuer by facsimile:
(a) if, by 5.00 p.m. (New York City time) on an Interest Payment Date, the Principal Paying Agent has not received the dollar deposit required by CLAUSE 6.2 and/or there are not sufficient funds in dollars available to the Principal Paying Agent to discharge the amount of the monies payable thereon in accordance with the Conditions and/or the provisions of the Eighth Sixth Issuer Trust Deed on such Interest Payment Date, and the Principal Paying Agent will in addition notify the Eighth Sixth Issuer by telephone as soon as reasonably practicable after any Interest Payment Date it has not received the dollar deposit required by CLAUSE 6.2 and/or as otherwise described in accordance with this CLAUSE 6.7(A);
(b) if by 5.00 p.m. (London time) and/or 5.00 p.m. (Brussels time) as appropriate on an Interest Payment Date the Principal Paying Agent has not received the sterling deposit and/or the euro deposit required by CLAUSE 6.2 and/or there are not sufficient funds in sterling or euro, as the case may be, available to the Principal Paying Agent to discharge the amount of the monies payable thereon in accordance with the Conditions and/or the provisions of the Eighth Sixth Issuer Trust Deed on such Interest Payment Date, and the Principal Paying Agent will in addition notify the Eighth Sixth Issuer by telephone if by 11.00 a.m. (London time) on an Interest Payment Date it has not received the sterling deposit or euro deposit required by CLAUSE Clause 6.2 and/or as otherwise described in accordance with this CLAUSE 6.7(B).
Appears in 1 contract
Samples: Sixth Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)
FAILURE TO RECEIVE PAYMENT. The Principal Paying Agent shall as soon as is reasonably practicable notify the Note Trustee, the Agent Bank, the other Paying Agents and the Eighth Fourth Issuer by facsimile:
(a) if, by 5.00 p.m. (New York City time) on an Interest Payment Date, the Principal Paying Agent has not received the dollar deposit required by CLAUSE 6.2 and/or there are not sufficient funds in dollars available to the Principal Paying Agent to discharge the amount of the monies payable thereon in accordance with the Conditions and/or the provisions of the Eighth Fourth Issuer Trust Deed on such Interest Payment Date, and the Principal Paying Agent will in addition notify the Eighth Fourth Issuer by telephone as soon as reasonably practicable after any Interest Payment Date it has not received the dollar deposit required by CLAUSE 6.2 and/or as otherwise described in accordance with this CLAUSE 6.7(A);
(b) if by 5.00 p.m. (London time) and/or 5.00 p.m. (Brussels time) as appropriate on an Interest Payment Date the Principal Paying Agent has not received the sterling deposit and/or the euro deposit required by CLAUSE 6.2 and/or there are not sufficient funds in sterling or euro, as the case may be, available to the Principal Paying Agent to discharge the amount of the monies payable thereon in accordance with the Conditions and/or the provisions of the Eighth Fourth Issuer Trust Deed on such Interest Payment Date, and the Principal Paying Agent will in addition notify the Eighth Fourth Issuer by telephone if by 11.00 a.m. (London time) on an Interest Payment Date it has not received the sterling deposit or euro deposit required by CLAUSE 6.2 and/or as otherwise described in accordance with this CLAUSE 6.7(B).
Appears in 1 contract
Samples: Fourth Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)
FAILURE TO RECEIVE PAYMENT. The Principal Paying Agent shall as soon as is reasonably practicable notify the Note Trustee, the Agent Bank, the other Paying Agents and the Eighth Fifth Issuer by facsimile:
(a) if, by 5.00 p.m. (New York City time) on an Interest Payment Date, the Principal Paying Agent has not received the dollar deposit required by CLAUSE 6.2 and/or there are not sufficient funds in dollars available to the Principal Paying Agent to discharge the amount of the monies payable thereon in accordance with the Conditions and/or the provisions of the Eighth Fifth Issuer Trust Deed on such Interest Payment Date, and the Principal Paying Agent will in addition notify the Eighth Fifth Issuer by telephone as soon as reasonably practicable after any Interest Payment Date it has not received the dollar deposit required by CLAUSE 6.2 and/or as otherwise described in accordance with this CLAUSE 6.7(A6.7(a);
(b) if by 5.00 p.m. (London time) and/or 5.00 p.m. (Brussels time) as appropriate on an Interest Payment Date the Principal Paying Agent has not received the sterling deposit and/or the euro deposit required by CLAUSE 6.2 and/or there are not sufficient funds in sterling or euro, as the case may be, available to the Principal Paying Agent to discharge the amount of the monies payable thereon in accordance with the Conditions and/or the provisions of the Eighth Fifth Issuer Trust Deed on such Interest Payment Date, and the Principal Paying Agent will in addition notify the Eighth Fifth Issuer by telephone if by 11.00 a.m. (London time) on an Interest Payment Date it has not received the sterling deposit or euro deposit required by CLAUSE 6.2 and/or as otherwise described in accordance with this CLAUSE 6.7(B6.7(b).
Appears in 1 contract
Samples: Fifth Issuer Paying Agent and Agent Bank Agreement (Permanent Financing (No. 5) PLC)
FAILURE TO RECEIVE PAYMENT. The Principal Paying Agent shall as soon as is reasonably practicable notify the Note Trustee, the Agent Bank, the other Paying Agents and the Eighth Second Issuer by facsimile:
(a) if, by 5.00 p.m. (New York City time) on an each Interest Payment Date, the Principal Paying Agent has not received the dollar deposit required by CLAUSE 6.2 and/or there are not sufficient funds in dollars available to the Principal Paying Agent to discharge the amount of the monies payable thereon in accordance with the Conditions and/or the provisions of the Eighth Second Issuer Trust Deed on such Interest Payment Date, and the Principal Paying Agent will in addition notify the Eighth Second Issuer by telephone as soon as reasonably practicable after any each Interest Payment Date if it has not received the dollar deposit required by CLAUSE 6.2 and/or as otherwise described in accordance with this CLAUSE 6.7(A6.7(a);
(b) if by 5.00 p.m. (London time) and/or 5.00 p.m. (Brussels time) as appropriate on an each Interest Payment Date the Principal Paying Agent has not received the sterling deposit and/or the euro deposit required by CLAUSE 6.2 and/or there are not sufficient funds in sterling or euro, as the case may be, available to the Principal Paying Agent to discharge the amount of the monies payable thereon in accordance with the Conditions and/or the provisions of the Eighth Second Issuer Trust Deed on such Interest Payment Date, and the Principal Paying Agent will in addition notify the Eighth Second Issuer by telephone if by 11.00 a.m. (London time) on an each Interest Payment Date it has not received the sterling deposit or euro deposit required by CLAUSE 6.2 and/or as otherwise described in accordance with this CLAUSE 6.7(B6.7(b).
Appears in 1 contract
Samples: Principal Paying Agent Agreement (Permanent Mortgages Trustee LTD)