Common use of Xxxxxx and time of payment Clause in Contracts

Xxxxxx and time of payment. Each amount payable under Clause 6.1 (Issuer to pay the Fiscal Agent) shall be paid unconditionally by credit transfer in EUR and in immediately available, freely transferable, cleared funds not later than 10.00 a.m. (Local Time) on the relevant day (or by such earlier time as may be determined by the Fiscal Agent) to such account as the Fiscal Agent may from time to time by notice to the Issuer specify for such purpose. The Issuer shall, before 3.00pm (Local Time) on the second Local Banking Day before the due date of each payment by it under Clause 6.1 (Issuer to pay the Fiscal Agent), procure that the bank effecting payment for it confirms by authenticated SWIFT message to the Fiscal Agent the payment instructions relating to such payment. If the Fiscal Agent reasonably determines that payment in accordance with this Clause 6.2 is required to be made earlier, it will provide the Issuer with no less than 21 days prior notice in writing of such requirement.

Appears in 2 contracts

Samples: Agency Agreement, Agency Agreement

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Xxxxxx and time of payment. Each amount payable under Clause 6.1 (Issuer to pay the Fiscal Agent) shall be paid unconditionally by credit transfer in EUR euros and in immediately availablesame day, freely transferable, cleared funds not later than 10.00 a.m. 12.00 p.m. (Local TimeLondon time) on the relevant day (or by such earlier time as may be determined by agreed between the Fiscal AgentAgent and the Issuer) to such account with such bank as the Fiscal Agent may from time to time by notice to the Issuer specify for such purpose. The Issuer shall, before 3.00pm 10.00 a.m. (Local Time) on the second Local Banking Day before the due date of each payment by it under Clause 6.1 (Issuer to pay the Fiscal Agent), procure that the bank effecting payment for it confirms by tested telex or authenticated SWIFT message to the Fiscal Agent the payment instructions relating to such payment. If the Fiscal Agent reasonably determines (acting reasonably) that payment in accordance with this Clause 6.2 is required to be made earlier, it will provide the Issuer with no less than 21 days prior notice in writing of such requirementrequirement with a detailed explanation of the reasons for this change.

Appears in 2 contracts

Samples: Fiscal Agency Agreement, Fiscal Agency Agreement

Xxxxxx and time of payment. Each amount payable under Clause 6.1 (Issuer to pay the Fiscal Agent) shall be paid unconditionally by credit transfer in EUR euros and in immediately available, freely transferable, cleared funds not later than 10.00 a.m. 12.00 p.m. (Local Timetime) on the relevant day (or by such earlier time as may be determined by the Fiscal AgentAgent in its absolute discretion) to such account with such bank as the Fiscal Agent may from time to time by notice to the Issuer specify for such purpose. The Issuer shall, before 3.00pm 3.00 p.m. (Local Time) on the second date which is one Local Banking Day before the due date of each payment by it under Clause 6.1 (Issuer to pay the Fiscal Agent), procure that the bank effecting payment for it confirms by tested telex or authenticated SWIFT message to the Fiscal Agent the payment instructions relating to such payment. If the Fiscal Agent reasonably determines in its absolute discretion that payment in accordance with this Clause 6.2 is required to be made earlier, it will provide the Issuer with no less than 21 days prior notice in writing of such requirement.

Appears in 1 contract

Samples: Fiscal Agency Agreement

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Xxxxxx and time of payment. Each amount payable by the Issuer under Clause 6.1 7.1 (Issuer to pay the Fiscal Agent) shall be paid unconditionally by credit transfer in EUR the currency in which the Notes of the relevant Series are denominated or, if different, payable and in immediately available, freely transferable, cleared funds not later than 10.00 a.m. (Local Time) on the relevant day (or by such earlier time as may be determined by the Fiscal Agent) to such account with such bank as the Fiscal Agent may from time to time by notice to the Issuer specify has specified for such the purpose. The Issuer shall, before 3.00pm (Local Time) on the second Local Banking Day before the due date of each payment by it under Clause 6.1 (Issuer to pay the Fiscal Agent), procure that the bank effecting payment for it confirms by authenticated SWIFT message to the Fiscal Agent the payment instructions relating to such payment. If the Fiscal Agent reasonably determines in its absolute discretion that payment in accordance with this Clause 6.2 clause 7.2 is required to be made earlier, it will provide the Issuer with no less than 21 days prior notice in writing of such requirement. The Issuer shall, before 10.00 a.m. (Local Time) on the second Local Banking Day before the due date of each payment by it under Clause 7.1 (Issuer to pay Fiscal Agent), procure that the bank effecting payment for it confirms by tested telex or authenticated SWIFT message to the Fiscal Agent the payment instructions relating to such payment.

Appears in 1 contract

Samples: Issue and Paying Agency Agreement

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