Common use of Xxxxxx and time of payment Clause in Contracts

Xxxxxx and time of payment. Each amount payable by the relevant Issuer or, as the case may be, the relevant Guarantor under Clause 7.1 (Issuer or Guarantor to pay Fiscal Agent) shall be paid unconditionally by credit transfer in the currency in which the Notes of the relevant Series are denominated or, if different, payable and in immediately available, freely transferable, cleared funds on the relevant day to such account maintained outside the United States and its possessions with such bank as the Fiscal Agent may from time to time by notice to the Issuers and the Guarantors have specified for the purpose. The relevant Issuer or (as the case may be) the relevant Guarantor shall, on or before the second Local Banking Day before the due date of each payment by it under Clause 7.1 (Issuer or Guarantor to pay Fiscal Agent), procure that the bank effecting payment for it confirms by facsimile, tested telex or authenticated SWIFT message to the Fiscal Agent the payment instructions relating to such payment.

Appears in 2 contracts

Samples: Issue and Paying Agency Agreement, Issue and Paying Agency Agreement

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Xxxxxx and time of payment. Each amount payable by the relevant Issuer or, as the case may be, the relevant Guarantor Guarantor, under Clause 7.1 (Relevant Issuer or Guarantor to pay Fiscal Agent) shall be paid unconditionally by credit transfer in 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 to such account maintained outside the United States and its possessions with such bank as the Fiscal Agent may from time to time by notice to the Issuers and relevant Issuer and, if applicable, the Guarantors Guarantor have specified for the purpose. The relevant Issuer or (as the case may be) the relevant Guarantor Guarantor, shall, before 10.00 a.m. (Local Time) on or before the second Local Banking Day before the due date of each payment by it under Clause 7.1 (Relevant Issuer or Guarantor to pay Fiscal Agent), procure that the bank effecting payment for it confirms by facsimiletested telex, tested telex or authenticated SWIFT message or such other method as may be agreed to the Fiscal Agent the payment instructions relating to such payment.

Appears in 2 contracts

Samples: Issue and Paying Agency Agreement, Issue and Paying Agency Agreement

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Xxxxxx and time of payment. Each amount payable by the relevant Issuer or, as the case may be, the relevant Guarantor Guarantor, under Clause 7.1 6.1 (Relevant Issuer or Guarantor to pay Fiscal Principal Paying Agent) shall be paid unconditionally by credit transfer in 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 to such account maintained outside the United States and its possessions with such bank as the Fiscal Principal Paying Agent may from time to time by notice to the Issuers and relevant Issuer and, if applicable, the Guarantors Guarantor have specified for the purpose. The relevant Issuer or (as the case may be) the relevant Guarantor shall, before 10.00 a. m. (Local Time) on or before the second Local Banking Day before the due date of each payment by it under Clause 7.1 6.1 (Relevant Issuer or Guarantor to pay Fiscal Principal Paying Agent), procure that the bank effecting payment for it confirms by facsimile, tested telex or authenticated SWIFT message to the Fiscal Principal Paying Agent the payment instructions relating to such payment.

Appears in 1 contract

Samples: Issue and Paying Agency Agreement

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