Common use of Registrar Notification Clause in Contracts

Registrar Notification. The Registrar will notify the Paying Agents, not later than five days after each Record Date, of the names of all Noteholders appearing in the Register on the Record Date and the addresses of such Noteholders to which cheques should be posted and whether any Noteholder has elected to receive payments by transfer to a bank account and, if so, the relevant details of such bank account and the Registrar and the Paying Agents shall make or shall procure that payments of interest and principal in respect of the Current Issuer Notes will be made in accordance with Condition 6 (Payments) either by cheque posted to the address of the Noteholder appearing in the Register on the Record Date or, if the Noteholder has so elected in accordance with the Current Issuer Conditions, by transfer to the relevant dollar, euro or sterling account, as the case may be; provided that no payment in respect of any Current Issuer Notes will be made on the final date for redemption or payment, or such earlier date as the relevant Current Issuer Notes may become repayable or payable, in whole unless the Registrar or the Transfer Agent confirms to the Paying Agents that the relevant Note Certificate has been surrendered to it.