Common use of Paying Agency Agreement Clause in Contracts

Paying Agency Agreement. On the Signing Date the Issuer and the Security Trustee will enter into the Paying Agency Agreement with the Paying Agent and the Reference Agent pursuant to which the Paying Agent undertakes, inter alia, to perform certain payment services on behalf of the Issuer towards the Noteholders. Listing and admission to Application has been made to the Luxembourg Stock Exchange for the trading: Notes to be admitted to the Official List and trading on the main securities market. It is anticipated that listing will take place on or about the Closing Date. There can be no assurance that any such listing will be maintained. Credit ratings: It is a condition precedent to issuance that the Class A Notes, on issue, be assigned an AAAsf credit rating by Fitch and an Aaa (sf) credit rating by Xxxxx'x, that the Class B Notes, on issue, be assigned an AAsf credit rating by Fitch and an Aa2 (sf) credit rating by Xxxxx'x, that the Class C Notes, on issue, be assigned an A+sf credit rating by Fitch and an A2 (sf) credit rating by Xxxxx'x and that the Class D Notes, on issue, be assigned a BBB-sf credit rating by Fitch and a Baa3 (sf) credit rating by Xxxxx'x. Each of the Credit Rating Agencies is established in the European Union and is registered under Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on Credit Rating Agencies. The Class E Notes, the Class S Notes and the Class X Notes will not be assigned a credit rating. Settlement: Euroclear and Clearstream, Luxembourg.

Paying Agency Agreement. On the Signing Date the Issuer and the Security Trustee will enter into the Paying Agency Agreement with the Paying Agent and the Reference Agent pursuant to which the Paying Agent undertakes, inter alia, to perform certain payment services on behalf of the Issuer towards the Noteholders. Listing and admission to Application has been made to the Luxembourg Stock Exchange for the trading: Notes to be admitted to the Official List and trading on the main securities market. It is anticipated that listing will take place on or about the Closing Date. There can be no assurance that any such listing will be maintained. Credit ratings: It is a condition precedent to issuance that the Class A Notes, on issue, be assigned an AAAsf credit rating by Fitch and an Aaa (sf) credit rating by Xxxxx'xMoody's, that the Class B Notes, on issue, be assigned an AAsf credit rating by Fitch and an Aa2 (sf) credit rating by Xxxxx'xMoody's, that the Class C Notes, on issue, be assigned an A+sf credit rating by Fitch and an A2 (sf) credit rating by Xxxxx'x Moody's and that the Class D Notes, on issue, be assigned a BBB-sf credit rating by Fitch and a Baa3 (sf) credit rating by Xxxxx'xMoody's. Each of the Credit Rating Agencies is established in the European Union and is registered under Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on Credit Rating Agencies. The Class E Notes, the Class S Notes and the Class X Notes will not be assigned a credit rating. Settlement: Euroclear and Clearstream, Luxembourg.