NOTIFICATION OF NON-PAYMENT definition
NOTIFICATION OF NON-PAYMENT procure that any Paying Agent notify the Note Trustee forthwith in the event that (i) such Paying Agent does not, on or before any Payment Date or due date, as the case may be, for any payment in respect of any of the Current Issuer Notes, receive unconditionally pursuant to the Current Issuer Paying Agent and Agent Bank Agreement the full amount in the requisite currency of the monies payable on such Payment Date or due date, as the case may be, on all such Current Issuer Notes, or (ii) there are insufficient funds in Sterling, Euro or US dollars, as the case may be, available to the relevant Paying Agent to discharge the amount of the monies payable on such Payment Date or due date, as the case may be;
NOTIFICATION OF NON-PAYMENT procure the Principal Paying Agent (or any other relevant Paying Agent) to notify the Note Trustee forthwith in the event that (i) the Principal Paying Agent (or other relevant Paying Agent) does not, on or before the due date for any payment in respect of any of the Master Issuer Notes, receive unconditionally pursuant to the Master Issuer Paying Agent and Agent Bank Agreement, payment of the full amount in the requisite currency of the monies payable on such due date on all such Master Issuer Notes, or (ii) there are insufficient funds in the Specified Currency available to the Principal Paying Agent to discharge the amount of the monies payable on such due date;
NOTIFICATION OF NON-PAYMENT procure that any Paying Agent notify the Note Trustee forthwith in the event that (i) such Paying Agent does not, on or before any Payment Date or due date, as the case may be, for any payment in respect of any of the Issuer Notes, receive unconditionally pursuant to the Issuer Paying Agent and Agent Bank Agreement the full amount in the requisite currency of the monies payable on such Payment Date or due date, as the case may be, on all such Issuer Notes, or (ii) there are insufficient funds in the applicable currency available to the relevant Paying Agent to discharge the amount of the monies payable on such Payment Date or due date, as the case may be;
More Definitions of NOTIFICATION OF NON-PAYMENT
NOTIFICATION OF NON-PAYMENT. The Principal Paying Agent will forthwith notify by fax each of the other Paying Agents and the Issuer if it has not by the time specified for its receipt received the confirmation referred to in sub-Clause 4.1.
NOTIFICATION OF NON-PAYMENT procure the Principal Paying Agent (or any other relevant Paying Agent) to notify the Note Trustee forthwith in the event that (i) the Principal Paying Agent (or other relevant Paying Agent) does not, on or before the due date for any payment in respect of any of the Notes, receive unconditionally pursuant to the Paying Agent and Agent Bank Agreement, as applicable, payment of the full amount in the requisite currency of the monies payable on such due date on all such Notes, or (ii) there are insufficient funds in euro, U.S. dollars, or sterling, as the case may be, available to the Principal Paying Agent to discharge the amount of the monies payable on such due date;
NOTIFICATION OF NON-PAYMENT procure the Principal Paying Agent (or any other relevant Paying Agent) to notify the Note Trustee forthwith in the event that (i) the Principal Paying Agent (or other relevant Paying Agent) does not, on or before the due date for any payment in respect of any of the Second Issuer Notes, receive unconditionally pursuant to the Second Issuer Paying Agent and Agent Bank Agreement, as applicable, payment of the full amount in the requisite currency of the monies payable on such due date on all such Second Issuer Notes, or (ii) there are insufficient funds in euro, US dollars, or sterling, as the case may be, available to the ------------------------------------------------------------------------------- 16 ------------------------------------------------------------------------------- Principal Paying Agent to discharge the amount of the monies payable on such due date;