Common use of Payments to the Fiscal Agent Clause in Contracts

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. 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 telex or electronic mail with portable document formatauthenticated SWIFT MT 100 Message) 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. ‌ 7.1 Issuers or Guarantor to pay Fiscal Agent‌ In order to provide for the payment of principal of (and premium, if any) and interest on in respect of the Debt Securities of each Series Notes as the same shall become becomes due and payable, Jamaica hereby agrees to deliver the Relevant Issuer (or, in default, the Guarantor (where the Relevant Issuer is CBQ Finance Limited)) shall pay 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 date on which such Debt Securities (each, a “Payment Date”), which shall be a Business Day in New Yorkpayment becomes due, an amount equal to the amount of principal and/or (as the case may be) interest falling due in immediately available funds which (together with any amounts then held respect of the Notes on such date. 7.2 Manner and time of payment‌ Each amount payable by the Relevant Issuer or, as the case may be, the Guarantor (where the Relevant Issuer is CBQ Finance Limited) under Clause 7.1 (Issuers or Guarantor to pay Fiscal Agent and available for that purposeAgent) shall be sufficient to pay paid unconditionally by credit transfer in the entire amount of principal or interest due for payment on such Payment Date with respect to currency in which 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 Notes 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 premiumSeries are denominated or, if anydifferent, payable and in immediately available, freely transferable, cleared funds not later than 10.00 a.m. (Local Time) and interest where the relevant currency is EUR, GBP or USD 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 relevant day 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 by notice to Jamaica the Relevant Issuer and the Fiscal AgentGuarantor (where the Relevant Issuer is CBQ Finance Limited) have specified for the purpose. Payments to holders In the case of Debt Securities of each Series currencies other than EUR, GBP or USD the Relevant Issuer shall be made by consult with the Fiscal Agent regarding the timing of each amount payable by the Relevant Issuer or, as the case may be, the Guarantor (where the Relevant Issuer is CBQ Finance Limited) which shall in accordance all cases not be earlier than 10:00 a.m. (Local Time) two Payment Business Day before the relevant day to such account with such bank as the Debt Securities Fiscal Agent may from time to time by notice to the Relevant Issuer and the Guarantor (where the Relevant Issuer is CBQ Finance Limited) have specified for the purpose. The Relevant Issuer or (as the case may be) the Guarantor (where the Relevant Issuer is CBQ Finance Limited) 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 7.1 (Issuers or Guarantor to pay Fiscal Agent), procure that the bank effecting payment for it confirms by authenticated SWIFT message to the Fiscal Agent the payment instructions relating to such Seriespayment.