Issuer to Pay the. Fiscal Agent In order to provide for the payment of principal and interest in respect of the Bonds as the same becomes due and payable, the Issuer shall pay to the Fiscal Agent on each date on which such payment in respect of the Bonds becomes due an amount equal to the amount of principal and/or (as the case may be) interest falling due in respect of such Bonds on the due date PROVIDED THAT in the event that the credit rating currently assigned to the long-term senior unsecured indebtedness or deposits of the Issuer by Xxxxx’x Investors Service Ltd or S&P's Global Ratings Europe Limited (or in each case any of their affiliates) is lower than Bal or BB+ (or their equivalent), respectively, the Issuer shall make such payment not later than 10.00 a.m. (Local Time) on the Business Day before the due date for payment. In this clause 4.1, the date on which a payment in respect of the Bonds becomes due means the first date on which the holder of a Bond or Coupon could claim the relevant payment by transfer to an account under the Conditions, but disregarding the necessity for it to be a business day in any particular place of presentation.
Issuer to Pay the. Principal Paying Agent In order to provide for the payment of principal and interest in respect of the Notes as the same becomes due and payable, the Issuer shall pay to the Principal Paying Agent, on or before the date which is one Local Banking Day before the day on which such payment becomes due, an amount equal to the amount of principal and/or (as the case may be) interest falling due in respect of the Notes on such date in immediately available funds. In this Clause, the date on which a payment in respect of the Notes becomes due means the first date on which the holder of a Note or Coupon could claim the relevant payment by transfer to an account under the Conditions.
Issuer to Pay the. Fiscal Agent In order to provide for the payment of principal and interest in respect of the Notes as the same becomes due and payable, the Issuer shall pay to the Fiscal Agent, on or before the date which is one Local Banking Day before the day on which such payment becomes due, an amount equal to the amount of principal and/or (as the case may be) interest falling due in respect of the Notes on such date in immediately available funds.
