Common use of PAYING AGENCY Clause in Contracts

PAYING AGENCY. 4.1 The Issuer shall remit the funds necessary for the payment of interest on and principal of the Notes to the Fiscal Agent, in Euros in same-day funds, to such account at the Fiscal Agent in London as the Fiscal Agent may from time to time specify (the "REDEMPTION ACCOUNT") on the Business Day such payment is due, provided always that, if any due date shall not be a Business Day, the Issuer shall make such transfer to the account of the Fiscal Agent on the next succeeding Business Day (for the purposes of this Clause 4, Business Day shall mean (x) a day on which commercial banks and foreign exchange markets settle payments and are open for general business in each of London and The City of New York and (y) a day which is a TARGET business day). The Issuer hereby authorizes and directs the Fiscal Agent, from the amounts so paid to it, to make payment of the principal of, and interest on, the Notes on the due date for payment set forth in the Conditions and this Agreement. If applicable, the Fiscal Agent will, from funds so received from the Issuer, credit to the account of the Paying Agent the amounts of all such payments made by it in accordance with the provisions of this Agreement. The Issuer shall confirm to the Fiscal Agent not later than 10:00 a.m. (London time) on the second Business Day before the relevant date for such payment that it has issued irrevocable payment instructions for such payment to be made.

PAYING AGENCY. 4.1 The Issuer shall remit the funds necessary for the payment of interest on and principal of the Notes to the Fiscal Agent, in Euros Yen in same-day funds, to such account at the Fiscal Agent in London as the Fiscal Agent may from time to time specify (the "REDEMPTION ACCOUNT") on the Business Day such payment is due, provided always that, if any due date shall not be a Business Day, the Issuer shall make such transfer to the account of the Fiscal Agent on the next succeeding Business Day (for the purposes of this Clause 4, Business Day shall mean (x) a day on which commercial banks and foreign exchange markets settle payments and are open for general business in each of London London, Tokyo and The City of New York and (y) a day which is a TARGET business day)York. The Issuer hereby authorizes and directs the Fiscal Agent, from the amounts so paid to it, to make payment of the principal of, and interest on, the Notes on the due date for payment set forth in the Conditions and this Agreement. If applicable, the Fiscal Agent will, from funds so received from the Issuer, credit to the account of the Paying Agent the amounts of all such payments made by it in accordance with the provisions of this Agreement. The Issuer shall confirm to the Fiscal Agent not later than 10:00 a.m. (London time) on the second Business Day before the relevant date for such payment that it has issued irrevocable payment instructions for such payment to be made.

PAYING AGENCY. 4.1 The Issuer shall remit the funds necessary for the payment of interest on and principal of the Notes to the Fiscal Agent, in Euros NOK in same-day funds, to such account at the Fiscal Agent in London as the Fiscal Agent may from time to time specify (the "REDEMPTION ACCOUNT"“Redemption Account”) by 11:00 am (London time) on the Business Day date on which such payment is due, provided always that, if any due date shall not (or by such earlier time as may be a Business Day, the Issuer shall make such transfer to the account of determined by the Fiscal Agent on in its absolute discretion). If the next succeeding Fiscal Agent determines that payment in accordance with this provision is required to be made earlier than as stated herein, the Fiscal Agent shall provide the Issuer with not less than 21 Business Day (for the purposes Day’s notice in writing of this Clause 4, such requirement. Business Day shall mean (x) a day on which commercial banks and foreign exchange markets settle payments and are open for general business in each of London London, Oslo and The City of New York and (y) a day which is a TARGET business day)City. The Issuer hereby authorizes and directs the Fiscal Agent, from the amounts so paid to it, to make payment of the principal of, and interest on, the Notes on the due date for payment set forth in the Conditions and this Agreement. If applicable, the The Fiscal Agent will, from funds so received from the Issuer, credit shall be entitled to the account make payments net of the Paying Agent the amounts of all such payments made any taxes or other sums required to be withheld or deducted by it in accordance with the provisions of this Agreementany applicable law. The Issuer shall confirm to the Fiscal Agent not later than 10:00 a.m. (London time) on the second Business Day before the relevant date for such payment that it has issued irrevocable payment instructions for such payment to be made.