Common use of Payment in respect of Registered PR Debt Instruments held Clause in Contracts

Payment in respect of Registered PR Debt Instruments held. through the CMU Service In the case of Registered PR Debt Instruments held through the CMU Service, payment will be made to the person for whose account interests in the relevant Registered PR Debt Instrument are credited as being held through the CMU Service in accordance with the CMU Rules at the relevant time as notified to the CMU Lodging Agent by the CMU Service in a relevant CMU Instrument Position Report or any relevant notification by the CMU Service, which notification, in either case, shall be conclusive evidence of the records of the CMU Service as to the identity of any accountholder and the nominal amount of any PR Debt Instrument credited to its account (save in the case of manifest error) and payment made in accordance thereof shall discharge the obligations of the Issuer in respect of that payment.

Appears in 4 contracts

Samples: Agency Agreement, Agency Agreement, Agency Agreement

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