Common use of Payment Initiation Clause in Contracts

Payment Initiation. Payment instructions (for value on the due date or, if that is not a business day (as defined below), for value on the first following day which is a business day) will be initiated on the due date for payment (or, if it is not a business day, the immediately following business day) or, in the case of a payment of principal, if later, on the business day on which the relevant Certificate is surrendered at the specified office of an Agent.

Payment Initiation. Payment instructions (for value on the due date ordate, or if that is not a business day (as defined below)Payment Business Day, for value on the first following day which is a business dayPayment Business Day) will be initiated on the due date for payment (or, if it is not a business day, the immediately following business day) or, in the case of a payment payments of principal, if laterprincipal where the relevant Certificate has not been surrendered at the specified office of any Transfer Agent or of the Registrar, on a Payment Business Day on which the Fiscal Agent is open for business day and on which the relevant Certificate is surrendered at the specified office of an Agentsurrendered.

Payment Initiation. Payment instructions (for value on the due date ordate, or if that is not a business day (as defined below)Business Day, for value on the first following day which is a business dayBusiness Day) will be initiated on the due date for payment (or, if it is not a business day, the immediately following business day) or, in the case of a payment payments of principal, if laterprincipal where the relevant Certificate has not been surrendered at the specified office of any Transfer Agent or of the Registrar, on a day on which the Principal Paying Agent is open for business day and on which the relevant Certificate is surrendered at the specified office of an Agentsurrendered.

Payment Initiation. Payment instructions (for value on the due date or, if that is not a business day (as defined below)Payment Business Day, for value on the first following day which is a business dayPayment Business Day) will be initiated on the due date for payment (or, if it is not a business day, the immediately following business day) or, in the case of a payment payments of principal, if laterprincipal where the relevant Bond Certificate has not been surrendered at the Specified Office of any Paying Agent or of the Registrar, on a Payment Business Day on which the Principal Paying Agent is open for business day and on which the relevant Bond Certificate is surrendered at the specified office of an Agentsurrendered.

Payment Initiation. Payment instructions (for value on the due date or, if that is not a business day (as defined belowbelow in Condition 7(f) (Business Day)), for value on the first following day which is a business day) will be initiated on the due date for payment (or, if it that date is not a business day, on the immediately first following day which is a business day) or, in the case of a payment of principal, if later, on the business day on which the relevant Certificate is surrendered at the specified office of an Agent.