Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Seventh Issuer Note or a Definitive Seventh Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE 6. 1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Seventh Issuer Note, the Registrar shall, in respect of such Global Seventh Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Seventh Issuer Notes, the Registrar shall annotate the Register with such details. (i) If the Seventh Issuer intends to redeem all (but not some only) of any class of the Seventh Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION 5(D) or (E), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION 5 and stating the date on which such Seventh Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period. (ii) The Principal Paying Agent shall in accordance with the Conditions on behalf of and at the expense of the Seventh Issuer publish the notices required in connection with such redemption. (c) In the case of a partial redemption of any class of the Seventh Issuer Notes in accordance with CONDITION 5(B), the principal amount of the Seventh Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION 5(B).
Appears in 2 contracts
Samples: Seventh Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD), Seventh Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)
Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Seventh Eighth Issuer Note or a Definitive Seventh Eighth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE 6.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Seventh Eighth Issuer Note, the Registrar shall, in respect of such Global Seventh Eighth Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Seventh Eighth Issuer Notes, the Registrar shall annotate the Register with such details.
(i) If the Seventh Eighth Issuer intends to redeem all (but not some only) of any class of the Seventh Eighth Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION 5(D) or (E), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION 5 and stating the date on which such Seventh Eighth Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period.
(ii) The Principal Paying Agent shall in accordance with the Conditions on behalf of and at the expense of the Seventh Eighth Issuer publish the notices required in connection with such redemption.
(c) In the case of a partial redemption of any class of the Seventh Eighth Issuer Notes in accordance with CONDITION 5(B), the principal amount of the Seventh Eighth Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION 5(B).
Appears in 2 contracts
Samples: Eighth Issuer Paying Agent and Agent Bank Agreement (Permanent Financing (No. 8) PLC), Eighth Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)
Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Seventh Master Issuer Note or a Definitive Seventh Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE 6.
1Clause 6.1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Seventh Master Issuer Note, the Registrar shall, in respect of such Global Seventh Master Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Seventh Issuer Notes, the Registrar shall annotate the Register with such details.
(ib) If the Seventh Master Issuer intends to redeem all (but not some only) of any class Series and Class (or Sub-Class) of the Seventh Master Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION 5(D) Condition 5.4, 5.5 or 5.6 (Eas set forth in the Base Prospectus), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Master Issuer Security Trustee, the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION Condition 5 and stating the date on which such Seventh Series and Class (or Sub-Class) of Master Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period.
(iic) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Seventh Master Issuer publish the notices required in connection with such redemption.
(cd) In the case of a partial redemption of any class Series and Class (or Sub-Class) of the Seventh Master Issuer Notes in accordance with CONDITION 5(B)Condition 5.2, the principal amount of the Seventh Issuer such Series and Class (or Sub-Class) of Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION 5(B)Condition 5.2.
Appears in 2 contracts
Samples: Master Issuer Paying Agent and Agent Bank Agreement, Master Issuer Paying Agent and Agent Bank Agreement
Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Seventh Sixth Issuer Note or a Definitive Seventh Sixth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE 6.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Seventh Sixth Issuer Note, the Registrar shall, in respect of such Global Seventh Sixth Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Seventh Sixth Issuer Notes, the Registrar shall annotate the Register with such details.
(i) If the Seventh Sixth Issuer intends to redeem all (but not some only) of any class of the Seventh Sixth Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION 5(D) or (E), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION 5 and stating the date on which such Seventh Sixth Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period.
(ii) The Principal Paying Agent shall in accordance with the Conditions on behalf of and at the expense of the Seventh Sixth Issuer publish the notices required in connection with such redemption.
(c) In the case of a partial redemption of any class of the Seventh Sixth Issuer Notes in accordance with CONDITION 5(B), the principal amount of the Seventh Sixth Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION 5(B).
Appears in 2 contracts
Samples: Paying Agent Agreement (Permanent Financing (No. 6) PLC), Sixth Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)
Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Seventh Ninth Issuer Note or a Definitive Seventh Ninth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE Clause 6.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Seventh Ninth Issuer Note, the Registrar shall, in respect of such Global Seventh Ninth Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Seventh Ninth Issuer Notes, the Registrar shall annotate the Register with such details.
(i) If the Seventh Ninth Issuer intends to redeem all (but not some only) of any class of the Seventh Ninth Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION Condition 5(D) or (E), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Ninth Issuer Security Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION Condition 5 and stating the date on which such Seventh Ninth Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period.
(ii) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Seventh Ninth Issuer publish the notices required in connection with such redemption.
(c) In the case of a partial redemption of any class of the Seventh Ninth Issuer Notes in accordance with CONDITION Condition 5(B), the principal amount of the Seventh Ninth Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION Condition 5(B).
Appears in 2 contracts
Samples: Ninth Issuer Paying Agent and Agent Bank Agreement (HOLMES FINANCING (No. 9) PLC), Ninth Issuer Paying Agent and Agent Bank Agreement (HOLMES FINANCING (No. 9) PLC)
Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Seventh Master Issuer Note or a Definitive Seventh Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE Clause 6.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Seventh Master Issuer Note, the Registrar shall, in respect of such Global Seventh Master Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Seventh Issuer Notes, the Registrar shall annotate the Register with such details.
(i) If the Seventh Master Issuer intends to redeem all (but not some only) of any class Series and Class (or Sub-Class) of the Seventh Master Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION 5(D) Condition 5.4, 5.5 or 5.6 (Eas set forth in the Base Prospectus), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Master Issuer Security Trustee, the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION Condition 5 and stating the date on which such Seventh Series and Class (or Sub-Class) of Master Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period.
(ii) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Seventh Master Issuer publish the notices required in connection with such redemption.
(c) In the case of a partial redemption of any class Series and Class (or Sub-Class) of the Seventh Master Issuer Notes in accordance with CONDITION 5(B)Condition 5.2, the principal amount of the Seventh Issuer such Series and Class (or Sub-Class) of Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION 5(B)Condition 5.2.
Appears in 1 contract
Samples: Master Issuer Paying Agent and Agent Bank Agreement (Holmes Master Issuer)
Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Seventh Issuer Note or a Definitive Seventh Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE 6.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Seventh Issuer Note, the Registrar shall, in respect of such Global Seventh Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Seventh Issuer Notes, the Registrar shall annotate the Register with such details.
(i) If the Seventh Issuer intends to redeem all (but not some only) of any class of the Seventh Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION Condition 5(D) or (E), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Seventh Issuer Security Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION Condition 5 and stating the date on which such Seventh Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period.
(iii) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Seventh Issuer publish the notices required in connection with such redemption.
(c) In the case of a partial redemption of any class of the Seventh Issuer Notes in accordance with CONDITION Condition 5(B), the principal amount of the Seventh Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION Condition 5(B).
Appears in 1 contract
Samples: Seventh Issuer Paying Agent and Agent Bank Agreement (Holmes Financing No 7 PLC)
Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Seventh Eighth Issuer Note or a Definitive Seventh Eighth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE 6.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Seventh Eighth Issuer Note, the Registrar shall, in respect of such Global Seventh Eighth Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Seventh Eighth Issuer Notes, the Registrar shall annotate the Register with such details.
(i) If the Seventh Eighth Issuer intends to redeem all (but not some only) of any class of the Seventh Eighth Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION Condition 5(D) or (E), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Eighth Issuer Security Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION Condition 5 and stating the date on which such Seventh Eighth Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period.
(ii) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Seventh Eighth Issuer publish the notices required in connection with such redemption.
(c) In the case of a partial redemption of any class of the Seventh Eighth Issuer Notes in accordance with CONDITION Condition 5(B), the principal amount of the Seventh Eighth Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION Condition 5(B).
Appears in 1 contract
Samples: Eighth Issuer Paying Agent and Agent Bank Agreement (Holmes Financing No 8 PLC)
Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Seventh Second Issuer Note or a Definitive Seventh Second Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE 6.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Seventh Second Issuer Note, the Registrar shall, in respect of such Global Seventh Second Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Seventh Second Issuer Notes, the Registrar shall annotate the Register with such details.
(i) If the Seventh Second Issuer intends to redeem all (but not some only) of any class of the Seventh Second Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION 5(D) or (E), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION 5 and stating the date on which such Seventh Second Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period.
(ii) The Principal Paying Agent shall in accordance with the Conditions on behalf of and at the expense of the Seventh Second Issuer publish the notices required in connection with such redemption.
(c) In the case of a partial redemption of any class of the Seventh Second Issuer Notes in accordance with CONDITION 5(B), the principal amount of the Seventh Second Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION 5(B).
Appears in 1 contract
Samples: Principal Paying Agent Agreement (Permanent Mortgages Trustee LTD)
Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Seventh Fifth Issuer Note or a Definitive Seventh Fifth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE 6.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Seventh Fifth Issuer Note, the Registrar shall, in respect of such Global Seventh Fifth Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Seventh Fifth Issuer Notes, the Registrar shall annotate the Register with such details.
(i) If the Seventh Fifth Issuer intends to redeem all (but not some only) of any class of the Seventh Fifth Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION Condition 5(D) or (E), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION Condition 5 and stating the date on Noteholders in accordance which such Seventh Fifth Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period.
(ii) The Principal Paying Agent shall in accordance with the Conditions on behalf of and at the expense of the Seventh Fifth Issuer publish the notices required in connection with such redemption.
(c) In the case of a partial redemption of any class of the Seventh Fifth Issuer Notes in accordance with CONDITION Condition 5(B), the principal amount of the Seventh Fifth Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION Condition 5(B).
Appears in 1 contract
Samples: Fifth Issuer Paying Agent and Agent Bank Agreement (Permanent Financing (No. 5) PLC)
Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Seventh Third Issuer Note or a Definitive Seventh Third Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE Clause 6.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Seventh Third Issuer Note, the Registrar shall, in respect of such Global Seventh Third Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Seventh Third Issuer Notes, the Registrar shall annotate the Register with such details.
(i) If the Seventh Third Issuer intends to redeem all (but not some only) of any class of the Seventh Third Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION Condition 5(D) or (E), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION Condition 5 and stating the date on which such Seventh Third Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period.
(ii) The Principal Paying Agent shall in accordance with the Conditions on behalf of and at the expense of the Seventh Third Issuer publish the notices required in connection with such redemption.
(c) In the case of a partial redemption of any class of the Seventh Third Issuer Notes in accordance with CONDITION Condition 5(B), the principal amount of the Seventh Third Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION Condition 5(B).
Appears in 1 contract
Samples: Third Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)
Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Seventh Issuer Note or a Definitive Seventh Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE Clause 6.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Seventh Issuer Note, the Registrar shall, in respect of such Global Seventh Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Seventh Issuer Notes, the Registrar shall annotate the Register with such details.
(i) If the Seventh Issuer intends to redeem all (but not some only) of any class Series and Class of the Seventh Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION Condition 5(D). (E) or (EF), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION Condition 5 and stating the date on which such Seventh Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period.
(ii) The Principal Paying Agent shall in accordance with the Conditions on behalf of and at the expense of the Seventh Issuer publish the notices required in connection with such redemption.
(c) In the case of a partial redemption of any class Series and Class of the Seventh Issuer Notes in accordance with CONDITION Condition 5(B), the principal amount of the Seventh Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION Condition 5(B).
Appears in 1 contract
Samples: Paying Agent and Agent Bank Agreement (Permanent Funding (No. 2) LTD)
Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Seventh Master Issuer Note or a Definitive Seventh Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE 6.
1Clause 6.1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Seventh Master Issuer Note, the Registrar shall, in respect of such Global Seventh Master Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Seventh Issuer Notes, the Registrar shall annotate the Register with such details.
(i) If the Seventh Master Issuer intends to redeem all (but not some only) of any class Series and Class (or Sub-Class) of the Seventh Master Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION 5(D) Condition 5.4, 5.5 or 5.6 (Eas set forth in the Base Prospectus), it shall give not more than 60 nor less than 30 days' β written notice of such intention to the Master Issuer Security Trustee, the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION Condition 5 and stating the date on which such Seventh Series and Class (or Sub-Class) of Master Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period.
(ii) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Seventh Master Issuer publish the notices required in connection with such redemption.
(c) In the case of a partial redemption of any class Series and Class (or Sub-Class) of the Seventh Master Issuer Notes in accordance with CONDITION 5(B)Condition 5.2, the principal amount of the Seventh Issuer such Series and Class (or Sub-Class) of Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION 5(B)Condition 5.2.
Appears in 1 contract
Samples: Master Issuer Paying Agent and Agent Bank Agreement (Holmes Funding LTD)
Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Seventh Sixth Issuer Note or a Definitive Seventh Sixth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE 6.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Seventh Sixth Issuer Note, the Registrar shall, in respect of such Global Seventh Sixth Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Seventh Sixth Issuer Notes, the Registrar shall annotate the Register with such details.
(i) If the Seventh Sixth Issuer intends to redeem all (but not some only) of any class of the Seventh Sixth Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION 5(D) or (E), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Sixth Issuer Security Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION 5 and stating the date on which such Seventh Sixth Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period.
(ii) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Seventh Sixth Issuer publish the notices required in connection with such redemption.
(c) In the case of a partial redemption of any class of the Seventh Sixth Issuer Notes in accordance with CONDITION 5(B), the principal amount of the Seventh Sixth Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION 5(B).
Appears in 1 contract
Samples: Sixth Issuer Paying Agent and Agent Bank Agreement (Holmes Financing No 6 PLC)
Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Seventh Fourth Issuer Note or a Definitive Seventh Fourth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE 6.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Seventh Fourth Issuer Note, the Registrar shall, in respect of such Global Seventh Fourth Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Seventh Fourth Issuer Notes, the Registrar shall annotate the Register with such details.
(i) If the Seventh Fourth Issuer intends to redeem all (but not some only) of any class of the Seventh Fourth Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION Condition 5(D) or (E), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION Condition 5 and stating the date on which such Seventh Fourth Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period.
(iii) The Principal Paying Agent shall in accordance with the Conditions on behalf of and at the expense of the Seventh Fourth Issuer publish the notices required in connection with such redemption.
(c) In the case of a partial redemption of any class of the Seventh Fourth Issuer Notes in accordance with CONDITION Condition 5(B), the principal amount of the Seventh Fourth Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION Condition 5(B).
Appears in 1 contract
Samples: Fourth Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)
Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Seventh Issuer Note or a Definitive Seventh Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE Clause 6.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Seventh Issuer Note, the Registrar shall, in respect of such Global Seventh Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Seventh Issuer Notes, the Registrar shall annotate the Register with such details.
(i) If the Seventh Master Issuer intends to redeem all (but not some only) of any class Series and Class of the Seventh Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION 5(D) Condition 5.4, 5.5 or (E)5.6, it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION Condition 5 and stating the date on which such Seventh Issuer Series and Class of Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period.
(ii) The Principal Paying Agent shall in accordance with the Conditions on behalf of and at the expense of the Seventh Master Issuer publish the notices required in connection with such redemption.
(c) In the case of a partial redemption of any class Series and Class of the Seventh Issuer Notes in accordance with CONDITION Condition 5(B), the principal amount of the Seventh Issuer such Series and Class of Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION 5(B)Condition 5.2.
Appears in 1 contract
Samples: Master Issuer Paying Agent and Agent Bank Agreement (Permanent Funding (No. 2) LTD)