Payments to the Fiscal Agent. 6.1 Issuer or Guarantor to pay Fiscal Agent
Payments to the Fiscal Agent. In order to provide for the payment of principal of (and premium, if any) and interest on the Debt Securities of each Series as the same shall become due and payable, Jamaica hereby agrees to deliver to the Fiscal Agent, by 10:00 a.m. (New York time) on the Business Day immediately preceding each Scheduled Payment Date or the Maturity Date (each as defined in the Debt Securities of any Series) of such Debt Securities (each, a “Payment Date”), which shall be a Business Day in New York, an amount in immediately available funds which (together with any amounts then held by the Fiscal Agent and available for that purpose) shall be sufficient to pay the entire amount of principal or interest due for payment on such Payment Date with respect to the Debt Securities. Jamaica shall confirm (by facsimile or electronic mail with portable document format) on the second Business Day prior to the day payment is due to be made to the Fiscal Agent, which shall be a Business Day in New York, that it has issued irrevocable paying instructions for the transfer of the relevant sum due to the account of the Fiscal Agent. The Fiscal Agent shall make amounts received by it available to the Registrar (as defined in Section 6) and the Paying Agent, as applicable, and the Registrar and the Paying Agent shall hold such funds in trust and apply them to the payment of such principal (and premium, if any) and interest on such Payment Date. Neither the Registrar nor the Paying Agent or the Fiscal Agent shall be required to use its own funds in making any payment on any Debt Securities. All sums payable to the Fiscal Agent hereunder shall be paid to such account and with such bank as the Fiscal Agent may from time to time notify Jamaica not less than five Business Days, which shall be Business Days in New York, before any such sum is due and payable, or at such other location as is mutually acceptable to Jamaica and the Fiscal Agent. Payments to holders of Debt Securities of each Series shall be made by the Fiscal Agent in accordance with the Debt Securities of such Series.
Payments to the Fiscal Agent. 10.1 In order to provide for the payment of any Interest Amount, Yield Amount, Redemption Amount or, as the case may be, Settlement Amount in respect of the Instruments of each Series as the same shall become due and payable the Issuer shall pay to the Fiscal Agent on or before the date on which such payment becomes due an amount equal to the amount of the Settlement Amount, Redemption Amount or, as the case may be, Interest Amount or Yield Amount then becoming due in respect of such Instruments.
10.2 Each amount payable by the Issuer under Clause 10.1 shall be paid unconditionally by credit transfer in the currency in which the Instruments of the relevant Series are denominated or, if different, payable and in immediately available, freely transferable funds not later than 11.00 a.m. (local time) on the relevant day to such account with such bank as the Fiscal Agent may by notice to the Issuer have specified for the purpose. The Issuer shall, before 11.00 a.m. (local time) on the second local banking day before the due date of each payment by it under Clause 10.1, confirm to the Fiscal Agent by fax or email that it has given irrevocable instructions for the transfer of the relevant funds to the Fiscal Agent and the name and the account of the bank through which such payment is being made.
10.3 The Fiscal Agent shall be entitled to deal with each amount paid to it hereunder in the same manner as other amounts paid to it as a banker by its customers provided that:
10.3.1 it shall not against the Issuer exercise any lien, right of set-off or similar claim in respect thereof;
10.3.2 it shall not be liable to any person for interest thereon;
10.3.3 any money held by it need not be segregated except as required by law; and
10.3.4 any money held by it is not subject to the UK FCA Client Money Rules.
10.4 The Fiscal Agent shall apply each amount paid to it hereunder in accordance with Clause 11.3 and shall not be obliged to repay any such amount unless or until the claims against the Issuer in respect of the relevant Registered Instruments are prescribed in accordance with Condition 15 (Prescription), in which event it shall repay to the Issuer such portion of such amount as relates to such Registered Instruments by paying the same by credit transfer to such account with such bank as the Issuer may by notice to the Fiscal Agent have specified for the purpose.
Payments to the Fiscal Agent.
7.1 Relevant Issuer or Guarantor to pay 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 relevant Issuer (or, if applicable, the Guarantor) shall pay to the Fiscal Agent, on or before the date 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.
Payments to the Fiscal Agent. Issuer or Guarantors to pay Fiscal Agent) shall be paid unconditionally by credit transfer in the currency in which the Notes of the relevant Series are denominated or, if different, payable and in immediately available, freely transferable, cleared funds not later than the relevant time set out in Schedule 8 (Timetable for Payments to Fiscal Agent), or as may be agreed between the Fiscal Agent and the Issuer from time to time, with such bank as the Fiscal Agent may from time to time by notice to the Issuer has specified for the purpose. The Issuer or (as the case may be) the Guarantors shall, before 10:00 a.m. (Local Time) on the second Local Banking Day before the due date of each payment by it under Clause 8.1 (
Payments to the Fiscal Agent. Issuer or Guarantors to pay Fiscal Agent), procure that the bank effecting payment for it or the Issuer confirms by telematic system to the Fiscal Agent the payment instructions relating to such payment.
Payments to the Fiscal Agent. Issuer or Guarantors to pay Fiscal Agent), it shall forthwith notify the Issuer and the Guarantors and the Paying Agents thereof. If the Fiscal Agent subsequently receives notification of such payment instructions or payment of the amount due, it shall forthwith notify the Issuer and the Guarantors and the Paying Agents thereof.
Payments to the Fiscal Agent. Issuer or Guarantors to pay Fiscal Agent) an amount equal to the amount so paid by it.
Payments to the Fiscal Agent. 9.1 In order to provide for the payment of interest and principal or, as the case may be, redemption amount in respect of the Notes of each Series as the same shall become due and payable the Issuer shall pay to the Fiscal Agent on or before the date on which such payment becomes due an amount equal to the amount of principal, redemption amount or, as the case may be, interest due in respect of such Notes.
9.2 Each amount payable by the Issuer under Clause 9.1 shall be paid unconditionally by credit transfer in the currency in which the Notes of the relevant Series are denominated or, if different, payable and in immediately available, freely transferable funds not later than 11.00 a.m. (local time) on the relevant day to such account with such bank as the Fiscal Agent may by notice to the Issuer have specified for the purpose. The Issuer shall, before 11.00 a.m. (local time) on the second local banking day before the due date of each payment by it under Clause 9.1, confirm to the Fiscal Agent by fax or email or as otherwise agreed that it has given irrevocable instructions for the transfer of the relevant funds to the Fiscal Agent and the name and the account of the bank through which such payment is being made.
9.3 The Fiscal Agent shall be entitled to deal with each amount paid to it hereunder in the same manner as other amounts paid to it as a banker by its customers provided that:
(a) it shall not against the Issuer exercise any lien, right of set-off or similar claim in respect thereof;
(b) it shall not be liable to any person for interest thereon;
(c) any money held by it need not be segregated except as required by law; and
(d) any money held by it is not subject to the UK FCA Client Money Rules.
9.4 The Fiscal Agent shall apply each amount paid to it hereunder in accordance with Clauses 10.4 and 10.5 and shall not be obliged to repay any such amount unless or until the obligation to make the relevant payment becomes void or ceases in accordance with Condition 10, in which event it shall repay to the Issuer such portion of such amount as relates to such payment by paying the same by credit transfer to such account with such bank as the Issuer may by notice to the Fiscal Agent have specified for the purpose.
9.5 If the Fiscal Agent has not by 10.00 a.m. (Local Time) on the due date of any payment received confirmation from the ICSDs (in accordance with the provisions of Schedule 11 (Duties under the Issuer-ICSDs Agreement)) that the records of the I...
Payments to the Fiscal Agent.
6.1 Issuer or Guarantor to pay Fiscal Agent In order to provide for the payment of principal and interest in respect of the Securities as the same becomes due and payable, the Issuer (failing which, the Guarantor) shall pay to the Fiscal Agent, on or before the date 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 Securities on such date.
6.2 Xxxxxx and time of payment Each amount payable under Clause 6.1 (Payments to the Fiscal Agent - Issuer or Guarantor to pay Fiscal Agent) shall be paid unconditionally by credit transfer in euro and in same day, freely transferable, cleared funds not later than 10.00 a.m. (London time) on the relevant day to such account with such bank as the Fiscal Agent may from time to time by notice to the Issuer and the Guarantor specify for such purpose. The Issuer or (as the case may be) the Guarantor shall, before 10.00 a.m. (Local Time) on the second Local Banking Day before the due date of each payment by it under Clause 6.1 (Payments to the Fiscal Agent - Issuer or Guarantor to pay Fiscal Agent), confirm to the Paying Agent the amount of such payment, in respect of what such payment will be made and the name of the bank to which such payment is being made.
