Common use of Payment to Fiscal Agent Clause in Contracts

Payment to Fiscal Agent. In order to provide for the payment of principal and interest in respect of the Notes as the same becomes due and payable, the Issuer, failing whom the Guarantor, shall pay to the Fiscal Agent, by 10.00 a.m. (Local Time) on the day on which such payment becomes due, an amount equal to the amount of principal and/or (as the case may be) interest falling due in respect of the Notes on such date.

Payment to Fiscal Agent. ‌ In order to provide for the payment of principal and interest in respect of the Notes as the same becomes due and payable, the Issuer, failing whom the Guarantor, shall pay to the Fiscal Agent, by 10.00 a.m. (Local Time) on the day on which such payment becomes due, an amount equal to the amount of principal and/or (as the case may be) interest falling due in respect of the Notes on such date.