Common use of Notification if Funds Not Received on Payment Date Clause in Contracts

Notification if Funds Not Received on Payment Date. Each Paying Agent shall forthwith notify the Current Issuer, the Current Issuer Cash Manager, the Note Trustee and the other Agents if it has not, by the due date of payment to it specified in Clause 7.2 (Manner and Time of Payment), received unconditionally the full amount required for any payment.

Appears in 10 contracts

Samples: Issuer Paying Agent and Agent Bank Agreement (Granite Mortgages 04-3 PLC), Issuer Paying Agent and Agent Bank Agreement (Granite Mortgages 04-2 PLC), Issuer Paying Agent and Agent Bank Agreement (Granite Mortgages 03-1 PLC)

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Notification if Funds Not Received on Payment Date. Each Paying Agent shall forthwith notify the Current Master Issuer, the Current Issuer Cash Manager, the Issuer Security Trustee and the Note Trustee and the other Agents if it has not, by the due date of payment to it specified in Clause 7.2 (Manner and Time of Payment), received unconditionally the full amount required for any payment.

Appears in 1 contract

Samples: Issuer Paying Agent and Agent Bank Agreement (Granite Finance Trustees LTD)

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Notification if Funds Not Received on Payment Date. Each Paying Agent shall forthwith notify the Current Issuer, the Current Issuer Cash Manager, the Note Trustee and the other Agents if it has not, by the due date of payment to it specified in Clause 7.2 (Manner and Time of PaymentMANNER AND TIME OF PAYMENT), received unconditionally the full amount required for any payment.

Appears in 1 contract

Samples: Issuer Paying Agent and Agent Bank Agreement (Granite Mortgages 02-2 PLC)

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