Common use of No Obligation to Pay Clause in Contracts

No Obligation to Pay. No payments in respect of any Definitive Notes will be made on the final date for redemption or, as the case may be, payment, or such earlier date as the relevant Definitive Notes may become repayable or, as the case may be, payable, in whole unless the Registrar or any Transfer Agent confirms to the Principal Paying Agent that such Definitive Note has been surrendered to it.

Appears in 5 contracts

Samples: Master Issuerpaying Agent and Agent Bank Agreement, Master Issuer Paying Agent and Agent Bank Agreement (Holmes Funding LTD), Master Issuer Paying Agent and Agent Bank Agreement (Permanent Funding (No. 2) LTD)

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No Obligation to Pay. No payments in respect of any Definitive Notes will be made on the final date for redemption or, as the case may be, payment, or such earlier date as the relevant Definitive Notes may become repayable or, as the case may be, payable, in whole whole, unless the Registrar or any Transfer Agent confirms to the Principal Paying Agent that such Definitive Note has been surrendered to it.

Appears in 1 contract

Samples: Paying Agent and Agent Bank Agreement

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