Payment by Paying Agents. Unless they receive a notification from the Principal Paying Agent under sub-Clause 5.2 (or they are notified by the Principal Paying Agent that it has not received payment) the Paying Agents will, subject to and in accordance with the Conditions, pay or cause to be paid on behalf of the Issuer on and after each due date therefor the amounts due in respect of the Notes and Coupons and will be entitled to claim any amounts so paid from the Principal Paying Agent. If any payment provided for in sub-Clause 5.1 is made late but otherwise in accordance with this Agreement the Paying Agents will nevertheless make such payments in respect of the Notes and Coupons. However, unless and until the full amount of any such payment has been made to the Principal Paying Agent none of the Paying Agents will be bound to make such payments.
Payment by Paying Agents. Unless they receive a notification from the Fiscal Agent under sub-Clause 4.2 the Paying Agents will, subject to and in accordance with the Conditions, pay or cause to be paid on behalf of the Issuer on and after each due date therefor the amounts due in respect of the Bonds and Coupons and will be entitled to claim any amounts so paid from the Fiscal Agent. If any payment provided for in sub-Clause 4.1 is made late but otherwise in accordance with this Agreement the Paying Agents will nevertheless make such payments in respect of the Bonds and Coupons. However, unless and until the full amount of any such payment has been made to the Fiscal Agent none of the Paying Agents will be bound to make such payments.
Payment by Paying Agents. Each Paying Agent will, subject to and in accordance with the Notes, pay or cause to be paid on behalf of the Company on and after each due date therefor the amounts due in respect of the Notes and, in the case of each Paying Agent other than the Fiscal Agent, will be entitled to claim any amounts so paid from the Fiscal Agent. If any payment provided for in subclause 11.1 is made late but otherwise in accordance with this Agreement, the Paying Agents may nevertheless make payments in respect of the Notes. However, unless and until the full amount of any such payment has been made to the Fiscal Agent, the Paying Agents will not be bound to make such payments.
Payment by Paying Agents. Each Paying Agent will, subject to and in accordance with the Notes, pay or cause to be paid on behalf of the Company on and after each due date therefor the amounts due in respect of the Notes and, in the case of each Paying Agent other than the Fiscal Agent, will be entitled to claim any amounts so paid from the Fiscal Agent. If any payment provided for in subclause 11.1 is made late but otherwise in accordance with this Agreement, the Paying Agents may nevertheless make payments in respect of the Notes. However, unless and until the full amount of any such payment has been made to the Fiscal Agent in cleared funds, the Paying Agents will not be bound to make such payments. Pursuant to subclause 11.9 of this Agreement, each Paying Agent shall be entitled to make payments net of any Taxes required by any Applicable Law (as defined below) to be withheld or deducted. If such a withholding or deduction is so undertaken, the Agent will not pay an additional amount in respect of that withholding or deduction.
Payment by Paying Agents. Unless it has received notice pursuant to Clause 4.3 (Notification of Failure to Preadvise Payment), each Paying Agent shall pay or cause to be paid all amounts due in respect of the Securities and Coupons on behalf of the Issuer in the manner provided in the Conditions. If any payment provided for in Clause 4.1 (Payment to the Principal Paying Agent) is made late but otherwise in accordance with the provisions of this Agreement, the relevant Paying Agent shall nevertheless make payments in respect of the Securities and Coupons as aforesaid following receipt by it of such payment.
Payment by Paying Agents. Unless they receive a notification from the Principal Paying Agent under Clause 5.2 (that it has not received payment and has not subsequently been notified that confirmation of such payment has been received) the Paying Agents will, subject to and in accordance with the Conditions, pay or cause to be paid on behalf of the Issuer on and after each due date therefor the amounts due in respect of the Bonds and Coupons and will be entitled to claim any amounts so paid from the Principal Paying Agent. If any payment provided for in Clause 5.1 is made late but otherwise in accordance with this Agreement the Paying Agents will nevertheless make such payments in respect of the Bonds and Coupons. However, unless and until the full amount of any such payment has been received by the Principal Paying Agent in cleared funds, none of the Paying Agents will be obliged to make payments of principal or interest in respect of the Bonds until such time as the Principal Paying Agent has received the full amount of the respective payment under Clause 5.1.
Payment by Paying Agents. Unless they receive a notification from the Fiscal Agent under Clause 4.2 (Notification of Non-Payment) the Paying Agents will, subject to and in accordance with the Conditions, pay or cause to be paid on behalf of the Republic on and after each due date therefor the amounts due in respect of the Notes and will be entitled to claim any amounts so paid from the Fiscal Agent. If any payment provided for in Clause 4.1 (Payment to the Fiscal Agent) is made late but otherwise in accordance with this Agreement, the Paying Agents will nevertheless make such payments in respect of the Notes. However, unless and until the full amount of any such payment has been made to the Fiscal Agent, none of the Paying Agents will be bound to make such payments.
Payment by Paying Agents. Subject to payment being duly made as provided in Clause 5 above, the Paying Agents will act as paying bankers for, and agents of, the Issuer for the Notes and the Coupons and shall pay or cause to be paid on behalf of the Issuer on and after each due date for payment the amounts due to be paid on surrender of the Notes and/or Coupons in accordance with the Conditions and the terms of this Agreement. Without prejudice to the obligations of the Issuer to make or cause to be made payments in accordance with the provisions of Clause 5 hereof, if payment of the appropriate amount mentioned in Clause 5 shall be made by or on behalf of the Issuer later than the time (but otherwise in accordance with the provisions) mentioned therein, then subject as aforesaid the Paying Agents will act as paying bankers for, and agents of, the Issuer for the Notes and the Coupons and shall make or cause to be made payments as herein mentioned. If payment of any amount is made later than the due date for payment of such amount under the Conditions, the Principal Paying Agent shall as soon as possible after receipt thereof give notice to the other Paying Agents (if any), the Trustee and the Noteholders that such payment has been made. All payments made by the Paying Agents hereunder shall be made without charging any commission or fee to the Noteholders or the Couponholders.
Payment by Paying Agents. Out of the sums paid to the Principal Paying Agent in respect of interest and principal on the Notes, the Principal Paying Agent will make payments to Euroclear and Clearstream Luxembourg in Japanese Yen. Notwithstanding the forgoing, payments pursuant to Condition 5(6) or Condition 7 of the Terms and Conditions or payments made by the Company to the Noteholders according to section 2(e) of the Registration Rights Agreement, if any, will be payable through Euroclear and Clearstream Luxembourg to the registered account maintained by the payee. A Noteholder’s “registered account” means the yen account (in the case of a non-resident of Japan, the non-resident yen account) maintained by or on behalf of it with a bank in Japan, details of which appear on the Register at the close of business on the relevant Record Date and a Noteholder’s “registered address” means its address appearing on the Register at that time. Where payment is to be made by transfer to a registered account, payment instructions will be made for value on the due date. The Principal Paying Agent, and the Luxembourg Paying and Conversion Agent (collectively, the “Paying Agents”) shall obtain from the Registrar, and the Registrar shall supply, such details as are required for the Paying Agents to make payment as stated above. The Company shall provide for prompt notice to the Principal Paying Agent in case the Company has to undertake payments to the Noteholders according to section 2(e) of the Registration Rights Agreement. The Principal Paying Agent agrees to forward on to the Company any and all payments made by converting Noteholders in accordance with Condition 5 of the Terms and Conditions within five business days after the interest Payment Date.
Payment by Paying Agents. Upon receipt of a notification from the Principal Paying Agent under Clause 5.4, the Paying Agents will cease making payments in accordance with this Clause 5 as soon as is reasonably practicable and will be entitled to claim any amounts paid in accordance with this Agreement and the Conditions from the Principal Paying Agent. If any payment provided for in Clause 5.2 is made late but otherwise in accordance with this Agreement, the Paying Agents will nevertheless make such payments in respect of the Bonds. If payment of any amount is received by the Principal Paying Agent later than the due date for payment of such amount to the Bondholders, the Principal Paying Agent shall as soon as practicable after receipt thereof give notice to the Trustee, the other Paying Agents and, if requested by the Trustee, the Bondholders in accordance with Condition 17 that such payment has been made. However, unless and until the full amount of any such payment due has been made to the Principal Paying Agent, none of the Paying Agents will be bound to make such payments under this Clause 5.5. All payments to be made by the Paying Agents hereunder shall be made without charging any commission or fee to the Bondholders. Nothing herein should be construed as to require any Agent to advance its own funds or incur such risks in the performance of its duties hereunder.
