Common use of REIMBURSEMENT OF THE PAYING AGENTS Clause in Contracts

REIMBURSEMENT OF THE PAYING AGENTS. 8.1 If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with this Agreement: (a) it shall notify the Principal Paying Agent of the amount so paid by it and the serial number and outstanding amount of each Note in relation to which such payment was made; and (b) the Principal Paying Agent shall pay to such Paying Agent out of the funds received by it under clause 4 by wire transfer in Pounds Sterling and in same day, freely transferable, cleared funds to such account with such bank 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. 8.2 If the Principal Paying Agent makes any payment in accordance with this Agreement, it shall be entitled to appropriate for its own account out of the funds received by it under clause 4 an amount equal to the amount so paid by it.

Appears in 3 contracts

Samples: Paying Agency Agreement, Paying Agency Agreement, Paying Agency Agreement

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REIMBURSEMENT OF THE PAYING AGENTS. 8.1 If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with this Agreement: (a) it shall notify the Principal Paying Agent of the amount so paid by it and the serial number and outstanding amount of each Note in relation to which such payment was made; andand‌ (b) the Principal Paying Agent shall pay to such Paying Agent out of the funds received by it under clause Clause 4 by wire transfer in Pounds Sterling euros and in same day, freely transferable, cleared funds to such account with such bank 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. 8.2 If the Principal Paying Agent makes any payment in accordance with this Agreement, it shall be entitled to appropriate for its own account out of the funds received by it under clause Clause 4 an amount equal to the amount so paid by it.it.‌

Appears in 1 contract

Samples: Paying Agency Agreement

REIMBURSEMENT OF THE PAYING AGENTS. 8.1 If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with this Agreement: (a) it shall notify the Principal Paying Agent of the amount so paid by it and the serial number and outstanding amount of each Note in relation to which such payment was made; and (b) the Principal Paying Agent shall pay to such Paying Agent out of the funds received by it under clause 4 by wire transfer in Pounds Sterling euros and in same day, freely transferable, cleared funds to such account with such bank 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. 8.2 If the Principal Paying Agent makes any payment in accordance with this Agreement, it shall be entitled to appropriate for its own account out of the funds received by it under clause 4 an amount equal to the amount so paid by it.

Appears in 1 contract

Samples: Paying Agency Agreement

REIMBURSEMENT OF THE PAYING AGENTS. 8.1 If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with this Agreement: (a) it shall notify the Principal Paying Agent of the amount so paid by it and the serial number and outstanding amount of each Note in relation to which such payment was made; and (b) the Principal Paying Agent shall pay to such Paying Agent out of the funds received by it under clause 4 by wire transfer in Pounds Sterling pounds sterling and in same dayimmediately available, freely transferable, cleared funds to such account with such bank 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. 8.2 If the Principal Paying Agent makes any payment in accordance with this Agreement, it shall be entitled to appropriate for its own account out of the funds received by it under clause 4 an amount equal to the amount so paid by it.

Appears in 1 contract

Samples: Paying Agency Agreement

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REIMBURSEMENT OF THE PAYING AGENTS. 8.1 If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with this Agreement: (a) it shall notify the Principal Paying Agent of the amount so paid by it and the serial number and outstanding amount of each Note in relation to which such payment was made; and (b) the Principal Paying Agent shall pay to such Paying Agent out of the funds received by it under clause 4 by wire transfer in Pounds Sterling euro and in same dayimmediately available, freely transferable, cleared funds to such account with such bank 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. 8.2 If the Principal Paying Agent makes any payment in accordance with this Agreement, it shall be entitled to appropriate for its own account out of the funds received by it under clause 4 an amount equal to the amount so paid by it.

Appears in 1 contract

Samples: Paying Agency Agreement

REIMBURSEMENT OF THE PAYING AGENTS. 8.1 If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with this Agreement: (a) it shall notify the Principal Paying Agent of the amount so paid by it and the serial number and outstanding amount of each Note in relation to which such payment was made; and (b) the Principal Paying Agent shall pay to such Paying Agent out of the funds received by it under clause Clause 4 by wire transfer in Pounds Sterling euros and in same day, freely transferable, cleared funds to such account with such bank 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. 8.2 If the Principal Paying Agent makes any payment in accordance with this Agreement, it shall be entitled to appropriate for its own account out of the funds received by it under clause Clause 4 an amount equal to the amount so paid by it.

Appears in 1 contract

Samples: Paying Agency Agreement

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