Common use of NOTIFICATION OF NON-PAYMENT BY THE ISSUER Clause in Contracts

NOTIFICATION OF NON-PAYMENT BY THE ISSUER. The Principal Paying Agent shall notify by facsimile each of the other Paying Agents (if any) and the Trustee forthwith: (a) if it has not by the relevant date specified in sub-clause 4.1 received unconditionally the full amount in euro required for the payment; and (b) if it receives unconditionally the full amount of any sum due in respect of the Securities or Coupons after such date. The Principal Paying Agent shall, at the expense of the Issuer, forthwith upon receipt of any amount as described in sub-clause 5(b), cause notice of that receipt to be published in accordance with Condition 12 (Notices).

Appears in 2 contracts

Samples: Paying Agency Agreement, Paying Agency Agreement

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NOTIFICATION OF NON-PAYMENT BY THE ISSUER. The Principal Paying Agent shall notify by facsimile each of the other Paying Agents (Agents, if any) and the Trustee , forthwith: (a) if it has not by the relevant date specified in sub-clause subclause 4.1 received unconditionally the full amount in euro euros required for the payment; and (b) if it receives unconditionally the full amount of any sum due in respect of the Securities Notes or Coupons after such date. The Principal Paying Agent shall, at the expense of the Issuer, forthwith upon receipt of any amount as described in sub-clause 5(bsubparagraph (b), cause notice of that receipt to be published in accordance with under Condition 12 (Notices)11.

Appears in 1 contract

Samples: Agency Agreement

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NOTIFICATION OF NON-PAYMENT BY THE ISSUER. The Principal Paying Agent shall notify by facsimile each of the other Paying Agents (if any) and the Trustee forthwith: (a) if it has not by the relevant date specified in sub-clause subclause 4.1 (Payment to the Principal Paying Agent) received unconditionally the full amount in euro required for the payment; and (b) if it receives unconditionally the full amount of any sum due in respect of the Securities Notes or Coupons after such date. The Principal Paying Agent shall, at the expense of the Issuer, forthwith upon receipt of any amount as described in sub-clause subparagraph 5(b), cause notice of that receipt to be published in accordance with under Condition 12 (Notices)12.

Appears in 1 contract

Samples: Paying Agency Agreement

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