Common use of Reimbursement by Principal Paying Agent Clause in Contracts

Reimbursement by Principal Paying Agent. If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with Clause 7.1 or Clause 7.2: (a) it shall notify the Principal Paying Agent of the amount so paid by it, the certificate or serial number of the Ninth Issuer Notes against presentation or surrender of which payment of principal or interest was made; and (b) subject to, and to the extent of, compliance by the Ninth Issuer with Clause 6.1 (whether or not at the due time), the Principal Paying Agent shall pay to such Paying Agent out of the funds received by the Principal Paying Agent under Clause 6.1, by credit transfer in euro, sterling or dollars, as the case may be, and in same day, freely transferable, cleared funds to such account with such bank in London as such Paying Agent has by notice to the Principal Paying Agent specified for the purpose, an amount equal to the amount so paid by such Paying Agent.

Appears in 2 contracts

Samples: Ninth Issuer Paying Agent and Agent Bank Agreement (HOLMES FINANCING (No. 9) PLC), Ninth Issuer Paying Agent and Agent Bank Agreement (HOLMES FINANCING (No. 9) PLC)

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Reimbursement by Principal Paying Agent. If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with Clause CLAUSE 7.1 or Clause CLAUSE 7.2: (a) it shall notify the Principal Paying Agent of the amount so paid by it, the certificate or serial number of the Ninth Sixth Issuer Notes against presentation or surrender of which payment of principal or interest was made; and (b) subject to, and to the extent of, compliance by the Ninth Sixth Issuer with Clause CLAUSE 6.1 (whether or not at the due time), the Principal Paying Agent shall pay to such Paying Agent out of the funds received by the Principal Paying Agent under Clause CLAUSE 6.1, by credit transfer in sterling, dollars or euro, sterling or dollars, as the case may be, and in same day, freely transferable, cleared funds to such account with such bank in London as such Paying Agent has by notice to the Principal Paying Agent specified for the purpose, an amount equal to the amount so paid by such Paying Agent.

Appears in 2 contracts

Samples: Paying Agent Agreement (Permanent Financing (No. 6) PLC), Sixth Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)

Reimbursement by Principal Paying Agent. If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with Clause CLAUSE 7.1 or Clause CLAUSE 7.2: (a) it shall notify the Principal Paying Agent of the amount so paid by it, the certificate or serial number of the Ninth Eighth Issuer Notes against presentation or surrender of which payment of principal or interest was made; and (b) subject to, and to the extent of, compliance by the Ninth Eighth Issuer with Clause CLAUSE 6.1 (whether or not at the due time), the Principal Paying Agent shall pay to such Paying Agent out of the funds received by the Principal Paying Agent under Clause CLAUSE 6.1, by credit transfer in sterling, dollars or euro, sterling or dollars, as the case may be, and in same day, freely transferable, cleared funds to such account with such bank in London as such Paying Agent has by notice to the Principal Paying Agent specified for the purpose, an amount equal to the amount so paid by such Paying Agent.

Appears in 2 contracts

Samples: Eighth Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD), Eighth Issuer Paying Agent and Agent Bank Agreement (Permanent Financing (No. 8) PLC)

Reimbursement by Principal Paying Agent. If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with Clause CLAUSE 7.1 or Clause CLAUSE 7.2: (a) it shall notify the Principal Paying Agent of the amount so paid by it, the certificate or serial number of the Ninth Fifth Issuer Notes against presentation or surrender of which payment of principal or interest was made; and (b) subject to, and to the extent of, compliance by the Ninth Fifth Issuer with Clause CLAUSE 6.1 (whether or not at the due time), the Principal Paying Agent shall pay to such Paying Agent out of the funds received by the Principal Paying Agent under Clause CLAUSE 6.1, by credit transfer in sterling, dollars or euro, sterling or dollars, as the case may be, and in same day, freely transferable, cleared funds to such account with such bank in London as such Paying Agent has by notice to the Principal Paying Agent specified for the purpose, an amount equal to the amount so paid by such Paying Agent.

Appears in 1 contract

Samples: Fifth Issuer Paying Agent and Agent Bank Agreement (Permanent Financing (No. 5) PLC)

Reimbursement by Principal Paying Agent. If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with Clause CLAUSE 7.1 or Clause CLAUSE 7.2: (a) it shall notify the Principal Paying Agent of the amount so paid by it, the certificate or serial number of the Ninth Seventh Issuer Notes against presentation or surrender of which payment of principal or interest was made; and (b) subject to, and to the extent of, compliance by the Ninth Seventh Issuer with Clause CLAUSE 6.1 (whether or not at the due time), the Principal Paying Agent shall pay to such Paying Agent out of the funds received by the Principal Paying Agent under Clause CLAUSE 6.1, by credit transfer in sterling, dollars or euro, sterling or dollars, as the case may be, and in same day, freely transferable, cleared funds to such account with such bank in London as such Paying Agent has by notice to the Principal Paying Agent specified for the purpose, an amount equal to the amount so paid by such Paying Agent.

Appears in 1 contract

Samples: Seventh Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)

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Reimbursement by Principal Paying Agent. If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with Clause 7.1 or Clause 7.2: (a) it shall notify the Principal Paying Agent of the amount so paid by it, the certificate or serial number of the Ninth Seventh Issuer Notes against presentation or surrender of which payment of principal or interest was made; and (b) subject to, and to the extent of, compliance by the Ninth Seventh Issuer with Clause 6.1 (whether or not at the due time), the Principal Paying Agent shall pay to such Paying Agent out of the funds received by the Principal Paying Agent under Clause 6.1, by credit transfer in euro, sterling or dollars, as the case may be, and in same day, freely transferable, cleared funds to such account with such bank in London as such Paying Agent has by notice to the Principal Paying Agent specified for the purpose, an amount equal to the amount so paid by such Paying Agent.

Appears in 1 contract

Samples: Seventh Issuer Paying Agent and Agent Bank Agreement (Holmes Financing No 7 PLC)

Reimbursement by Principal Paying Agent. If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with Clause CLAUSE 7.1 or Clause CLAUSE 7.2: (a) it shall notify the Principal Paying Agent of the amount so paid by it, the certificate or serial number of the Ninth Fourth Issuer Notes against presentation or surrender of which payment of principal or interest was made; and (b) subject to, and to the extent of, compliance by the Ninth Fourth Issuer with Clause CLAUSE 6.1 (whether or not at the due time), the Principal Paying Agent shall pay to such Paying Agent out of the funds received by the Principal Paying Agent under Clause CLAUSE 6.1, by credit transfer in sterling, dollars or euro, sterling or dollars, as the case may be, and in same day, freely transferable, cleared funds to such account with such bank in London as such Paying Agent has by notice to the Principal Paying Agent specified for the purpose, an amount equal to the amount so paid by such Paying Agent.

Appears in 1 contract

Samples: Fourth Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)

Reimbursement by Principal Paying Agent. If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with Clause CLAUSE 7.1 or Clause CLAUSE 7.2: (a) it shall notify the Principal Paying Agent of the amount so paid by it, the certificate or serial number of the Ninth Sixth Issuer Notes against presentation or surrender of which payment of principal or interest was made; and (b) subject to, and to the extent of, compliance by the Ninth Sixth Issuer with Clause CLAUSE 6.1 (whether or not at the due time), the Principal Paying Agent shall pay to such Paying Agent out of the funds received by the Principal Paying Agent under Clause CLAUSE 6.1, by credit transfer in euro, sterling or dollars, as the case may be, and in same day, freely transferable, cleared funds to such account with such bank in London as such Paying Agent has by notice to the Principal Paying Agent specified for the purpose, an amount equal to the amount so paid by such Paying Agent.

Appears in 1 contract

Samples: Sixth Issuer Paying Agent and Agent Bank Agreement (Holmes Financing No 6 PLC)

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