Common use of Payments and Paying Agents Clause in Contracts

Payments and Paying Agents. IRSA PC will, on or before 10:00 AM (New York City time) at least one (1) Business Day prior to each Payment Date deposit with the Trustee a sum sufficient to pay such principal, premium or interest (including Additional Amounts) so becoming due. IRSA PC shall request that the bank through which any such payment is to be made agrees to supply to the Trustee two (2) Business Days prior to the due date for any such payment an irrevocable confirmation (by tested telex or authenticated SWIFT) of its intention to make such payment.

Appears in 4 contracts

Samples: Indenture (Irsa Propiedades Comerciales S.A.), Indenture (Irsa Propiedades Comerciales S.A.), Indenture (Irsa Investments & Representations Inc)

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