Common use of Payment to the Fiscal Agent Clause in Contracts

Payment to the Fiscal Agent. The Issuer, by no later than 8.00 PM CET on the date preceding each date on which any payment in respect of the Securities becomes due, shall transfer to the Fiscal Agent such amount as may be required for the purposes of such payment. In this Clause, the date on which a payment in respect of the Securities becomes due means the first date on which the holder of a Security or Coupon could claim the relevant payment by transfer to an account under the Conditions, but disregarding the necessity for it to be a Business Day in any particular place of presentation.

Payment to the Fiscal Agent. The IssuerIssuer shall, by no later than 8.00 PM CET on the date preceding each date on which any payment in respect of the Securities Notes becomes due, shall transfer to the Fiscal Agent such amount as may be required for the purposes of such paymentpayment by 10:00 a.m. (local time in the city of the Fiscal Agent’s specified office). In this Clause, the date on which a payment in respect of the Securities Notes becomes due means the first date on which the holder of a Security Note or Coupon could claim the relevant payment by transfer to an account under the Conditions, but disregarding the necessity for it to be a Business Day in any particular place of presentation.