Common use of FAILURE TO RECEIVE PAYMENT Clause in Contracts

FAILURE TO RECEIVE PAYMENT. The Principal Paying Agent shall as soon as is reasonably practicable notify the Ninth Issuer Security Trustee, the Agent Bank, the other Paying Agents, the Registrar and the Ninth Issuer by facsimile and telephone if by 5.00 p.m. (London time) on the Interest Payment Date it has not received the deposit required by Clause 6.2 and/or there are not sufficient funds in euro, sterling or dollars, 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 Ninth Issuer Trust Deed on such Interest Payment Date.

FAILURE TO RECEIVE PAYMENT. The Principal Paying Agent shall as soon as is reasonably practicable notify the Ninth Eighth Issuer Security Trustee, the Agent Bank, the other Paying Agents, the Registrar and the Ninth Eighth Issuer by facsimile and telephone if by 5.00 p.m. (London time) on the Interest Payment Date it has not received the deposit required by Clause 6.2 and/or there are not sufficient funds in euro, sterling or dollars, 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 Ninth Eighth Issuer Trust Deed on such Interest Payment Date.