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 Master 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 Master 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 the Specified Currency, 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.

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 Master 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 Master Eighth 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 Specified Currencycase 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.