Principal Financial Centre definition
Examples of Principal Financial Centre in a sentence
Payments of principal shall be made only against presentation and (provided that payment is made in full) surrender of Bearer Notes at the Specified Office of any Paying Agent outside the United States by cheque drawn in the currency in which the payment is due on, or by transfer to an account denominated in that currency (or, if that currency is euro, any other account to which euro may be credited or transferred) and maintained by the payee with, a bank in the Principal Financial Centre of that currency.
Payments of principal shall be made only against presentation and (provided that payment is made in full) surrender of Notes at the Specified Office of any Paying Agent outside the United States by check drawn in the currency in which the payment is due on, or by transfer to an account denominated in that currency (or, if that currency is Euro, any other account to which Euro may be credited or transferred) and maintained by the payee with a bank in the Principal Financial Centre of that currency.
If the applicable due date for payment is not a day, other than a Saturday or Sunday, on which commercial banks and foreign exchange markets are open for business in New York City or in the Principal Financial Centre of the relevant currency, delivery of the U.S. dollars will occur on the next succeeding day which is such a business day in New York City and in such Principal Financial Centre.
Payments of principal shall be made only against presentation and (provided that payment is made in full) surrender of Notes at the Specified Office of any Paying Agent by cheque drawn in the currency in which the payment is due on, or by transfer to an account denominated in that currency (or, if that currency is Euros, any other account to which Euros may be credited or transferred) and maintained by the payee with, a bank in the Principal Financial Centre of that currency.
The relevant Issuer, or, in default, the Guarantor (if applicable), shall not later than 10.00 a.m. in the Principal Financial Centre for the currency in which the Notes are denominated (which, for the purposes of Notes denominated in euro, shall be the jurisdiction in which the account specified by the Fiscal Agent is located), on each date on which any payment in respect of the Notes issued by it becomes due, transfer to the Fiscal Agent such amount as may be required for the purposes of such payment.