PAYMENT AND PAYING AGENT. 6.1 Pursuant to the execution of the Securities Lodgement Form and the delivery of the same to MyClear in accordance with the Central Securities Depository and Paying Agency Rules, the Issuer has appointed or will appoint BNM as Paying Agent. In acting under the Central Securities Depository and Paying Agency Rules and in connection with the Sukuk Ijarah, the Paying Agent will, subject to Clause 14.5, act solely as the agent of the Issuer and not on behalf of the Sukukholders. The Sukukholders are bound by, and are deemed to have notice of, all the provisions in the Central Securities Depository and Paying Agency Rules applicable to them or insofar as they affect the rights, interests or obligations of the Sukukholders.
PAYMENT AND PAYING AGENT. 6.1 Pursuant to the execution of the Securities Lodgement Form and the delivery of the same to MyClear in accordance with the Central Securities Depository and Paying Agency Rules, the Issuer has appointed or will appoint BNM as Paying Agent. In acting under the Central Securities Depository and Paying Agency Rules and in connection with the Sukuk Murabahah, the Paying Agent will, subject to Clause 13.6 of the Trust Deed, act solely as the agent of the Issuer and not on behalf of the Sukukholders. The Sukukholders are bound by, and are deemed to have notice of, all the provisions in the Central Securities Depository and Paying Agency Rules applicable to them or insofar as they affect the rights, interests or obligations of the Sukukholders.
PAYMENT AND PAYING AGENT. We will maintain an office or agent in the Borough of Manhattan, The City of New York, where we will pay the principal on the notes and a holder may present the notes for conversion, registration of transfer or exchange for other denominations, which shall initially be an office or agency of the trustee. Payments on the notes represented by the global note referred to below will be made to The Depository Trust Company, New York, New York, which is referred to herein as DTC, or its nominee, as the case may be, as the registered owner thereof, in immediately available funds. We expect that DTC or its nominee, upon receipt of any payment on the notes represented by a global note, will credit participants' accounts with payments in amounts proportionate to their respective beneficial interests in the global note as shown in the records of DTC or its nominee. We also expect that payments by participants to owners of beneficial interests in the global note held through such participants will be governed by standing instructions and customary practice as is now the case with securities held for the accounts of customers registered in the names of nominees for such customers. The participants will be responsible for those payments. Transfers between participants in DTC will be effected in accordance with DTC's rules and will be settled in immediately available funds.
PAYMENT AND PAYING AGENT. 4.1 Pursuant to the execution of the Securities Lodgement FOlm, the Issuer has appointed or will appoint BNM as the Paying Agent. In acting under the Central Securities Depository and Paying Agency Rules and in connection with the Subordinated Notes, the Paying Agent will, subject to Clause I O.5(a)(i), act solely as the agent of the Issuer and not on behalf of the Subordinated Noteholders. The Subordinated Noteholders are bound by, and are deemed to have notice of, all the provisions in the Central Securities Depository and Paying Agency Rules applicable to them or insofar as they affect the rights, interests or obligations ofthe Subordinated Noteholders.
PAYMENT AND PAYING AGENT. We will pay interest to the person listed in the trustee’s records as the owner of the Notes at the close of business on the record date for the applicable interest payment date, even if that person no longer owns the Note on the interest payment date. Because we pay all the interest for an interest period to the holders on the record date, holders buying and selling the Notes must work out between themselves the appropriate purchase price. The most common manner is to adjust the sales price of the Notes to prorate interest fairly between buyer and seller based on their respective ownership periods within the particular interest period.
PAYMENT AND PAYING AGENT. The provisions of this subsection will apply to the debt securities unless otherwise indicated in the prospectus supplement. Payment of interest on a debt security on any interest payment date will be made to the person in whose name the debt security is registered at the close of business on the regular record date. Payment on debt securities of a particular series will be payable at the office of a paying agent or paying agents designated by us. However, at our option, we may pay interest by mailing a check to the record holder. We may also name any other paying agents in the prospectus supplement. We may designate additional paying agents, change paying agents or change the office of any paying agent. However, we will be required to maintain a paying agent in each place of payment for the debt securities of a particular series. Subject to any applicable abandoned property law, all moneys paid by us to a paying agent for payment on any debt security that remain unclaimed at the end of two years after such payment was due will be repaid to us. Thereafter, the holder may look only to us for such payment.
