Common use of Payment to the Principal Agent Clause in Contracts

Payment to the Principal Agent. In order to provide for the payment of the principal, premium and/or interest in respect of the Bonds as the same shall become due, the Company shall, by 10.00 a.m. (Hong Kong time), unconditionally pay or procure to be paid, to the Principal Agent: (i) on maturity or early redemption of any Bonds in an account specified by the Principal Agent for value at least two business days prior to the redemption date thereof (or, in the case of the Bonds becoming due and payable pursuant to Condition 10, forthwith upon being required by the Trustee so to make such payment), an amount (in US dollars, calculated in accordance with the Conditions) sufficient (together with any funds then held by the Principal Agent which are available for such purpose) to pay the amount due on redemption of all Bonds so to be redeemed (or the amount due pursuant to Condition 10); and (ii) for value at least two business days before each due date for the payment of interest or other sums payable in respect of the Bonds in accordance with the Conditions other than sums referred to in sub-Clause 4.1(i) above, an amount (in US dollars, calculated in accordance with the Conditions) sufficient (together with any funds then held by the Principal Agent which are available for such purpose) to pay the interest or other sums payable then becoming due on the outstanding Bonds. All amounts deposited with the Trustee or any Paying Agent for the payment of Bonds to the Bondholders but which have not been so paid due to the subsequent conversion of such Bonds or otherwise shall be immediately returned to the Company upon the Company’s written request, provided that no interest shall accrue on such amounts and be payable to the Company by the Trustee or any Paying Agent.

Payment to the Principal Agent. In order to provide for the payment of the principal, premium and/or interest in respect of the Bonds as the same shall become due, the Company Issuer shall, by 10.00 a.m. (Hong Kong New York City time), unconditionally pay or procure to be paid, to the Principal Agent: (ia) on maturity or early redemption of any Bonds in an account specified by the Principal Agent for value at least two business days one Business Day prior to the redemption date thereof (or, in the case of the Bonds becoming due and payable pursuant to Condition 1012, forthwith upon being required by the Trustee so to make such payment), an amount (in US dollars, calculated in accordance with the Conditions) sufficient (together with any funds then held by the Principal Agent which are available for such purpose) to pay the amount due on redemption of all Bonds so to be redeemed (or the amount due pursuant to Condition 1012); and (iib) for value at least two business days one Business Day before each due date for the payment of interest or other sums payable in respect of the Bonds in accordance with the Conditions Conditions, other than sums referred to in sub-Clause 4.1(iparagraph (a) above, an amount (in US dollars, calculated in accordance with the Conditions) sufficient (together with any funds then held by the Principal Agent which are available for such purpose) to pay the interest (if any) or other sums payable then becoming due on the outstanding Bonds. All amounts deposited with the Trustee or any Paying Agent for the payment of Bonds to the Bondholders but which have not been so paid due to the subsequent conversion of such Bonds (in the case of the Tranche B Bonds) or otherwise shall be immediately returned to the Company Issuer upon the CompanyIssuer’s written request, provided that no interest shall accrue on such amounts and be payable to the Company Issuer by the Trustee or any Paying Agent.

Payment to the Principal Agent. In order to provide for the payment of the principal, premium premium, interest and/or default interest (if any) in respect of the Bonds as the same shall become due, the Company Issuer shall, by 10.00 a.m. 12:00 noon (Hong Kong New York time), unconditionally pay or procure to be paid, to the Principal Agent: (ia) on maturity or early redemption of any Bonds in an account specified by the Principal Agent for value at least two business days one (1) Business Day prior to the redemption date thereof (or, in the case of the Bonds becoming due and payable pursuant to Condition 1012, forthwith upon being required by the Trustee so to make such payment), an amount (in US dollars, calculated in accordance with the Conditions) sufficient (together with any funds then held by the Principal Agent which are available for such purpose) to pay the amount due on redemption of all Bonds so to be redeemed (or the amount due pursuant to Condition 1012); and (iib) for value at least two business days one (1) Business Day before each due date for the payment of interest or any other sums payable in respect of the Bonds in accordance with the Conditions Conditions, other than sums referred to in sub-Clause 4.1(i4.1(a) above, an amount (in US dollars, calculated in accordance with the Conditions) sufficient (together with any funds then held by the Principal Agent which are available for such purpose) to pay the interest or any other sums payable then becoming due on the outstanding Bonds. All Except as set forth in Section 24.18 of the Trust Deed when upon the occurrence of any default the Trustee may require any Paying Agent to pay all money hold by it to the Trustee, all amounts deposited with the Trustee or any Paying Agent for the payment of Bonds to the Bondholders but which have not been so paid due to the subsequent conversion of such Bonds or otherwise shall be immediately returned to the Company Issuer upon the CompanyIssuer’s written request, provided that no interest shall accrue on such amounts and be payable to the Company Issuer by the Trustee or any Paying Agent.

Payment to the Principal Agent. In order to provide for the payment of the principal, interest, premium (if any and including any Early Redemption Amount and Final Redemption Amount) and/or any default interest in respect of the Bonds as the same shall become due, the Company shall, by 10.00 a.m. (Hong Kong time), Issuer shall unconditionally pay or procure to be paid, to the Principal Agent: (i) 4.1.1 on maturity or early redemption of any Bonds in an account specified by the Principal Agent Bonds, for value by 12:00 noon (London time) at least two business days one Business Day prior to the redemption date thereof (or, in the case of the Bonds becoming due and payable pursuant to Condition 10, forthwith upon being required by the Trustee so to make such payment)) to an account specified by the Principal Agent, an amount (in US dollars, calculated in accordance with the Conditions) sufficient (together with any funds then held by the Principal Agent which are available for such purpose) to pay the amount amounts due on redemption of all Bonds so to be redeemed (or the amount due pursuant to Condition 10); and (ii) 4.1.2 for value by 12 noon (London time) at least two business days one Business Day before each the due date (to an account specified by the Principal Agent) for the payment of interest or other sums payable in respect of the Bonds in accordance with the Conditions (including any interest on the Bonds), other than sums referred to in sub-Clause 4.1(i) 4.1.1 above, an amount (in US dollars, calculated in accordance with the Conditions) sufficient (together with any funds then held by the Principal Agent which are available for such purpose) to pay the interest or other sums payable then becoming due on the outstanding Bonds. All amounts deposited with the Trustee or any Paying Agent for the payment of Bonds to the Bondholders but which have not been so paid due to the subsequent conversion exchange of such Bonds or otherwise shall be immediately returned to the Company Issuer upon the CompanyIssuer’s written request, provided that no interest shall accrue on such amounts and be payable to the Company Issuer by the Trustee or any Paying Agent.