Common use of Reimbursement by Fiscal Agent Clause in Contracts

Reimbursement by Fiscal Agent. If a Paying Agent other than the Fiscal Agent makes any payment in accordance with Clause 8.1 (Payments by Paying Agents): 8.3.1 it shall notify the Fiscal Agent of the amount so paid by it and the serial number and principal amount of each Certificate in relation to which payment of principal or Distribution (including any Arrears of Distribution and Additional Distribution Amount) was made; and 8.3.2 subject to and to the extent of compliance by the Issuer with Clause 7.1 (Issuer to pay Fiscal Agent) (whether or not at the due time), the Fiscal Agent shall pay to such Paying Agent out of the funds received by it under Clause 7.1 (Issuer to pay Fiscal Agent), by credit transfer in U.S.$ and in immediately available, freely transferable, cleared funds to such account with such bank in New York City as such Paying Agent has by notice to the Fiscal Agent specified for the purpose, an amount equal to the amount so paid by such Paying Agent.