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 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 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 sterling, dollars or euro, 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 and Agent Bank Agreement, Paying Agent and Agent Bank Agreement (Permanent Funding (No. 2) 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 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 sterling, dollars or euro, as the case may beSpecified 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.

Appears in 1 contract

Samples: Master Issuer Paying Agent and Agent Bank Agreement (Permanent Funding (No. 2) LTD)

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 Third 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 Third 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 sterling, dollars or euro, 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: Third 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 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 Second 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 Second 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, 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: Principal Paying Agent Agreement (Permanent Mortgages Trustee LTD)

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