Common use of Notification to Party A Clause in Contracts

Notification to Party A. For the purpose of making any determination or calculation hereunder, the Calculation Agent may rely on any information, report, notice or certificate delivered to it by the Master Issuer Cash Manager or Party B and the Calculation Agent will not be liable for any error, incompleteness or omission regarding such information. No later than one (1) Business Day prior to a Quarterly Interest Payment Date, Party B, or the Master Issuer Cash Manager acting on its behalf, will notify Party A of the amount of any principal payments to be made on the Relevant Notes on such Quarterly Interest Payment Date. Party B, or the Master Issuer Cash Manager acting on its behalf, will notify Party A of the occurrence of a Note Event of Default in relation to the Relevant Notes, the delivery of a Note Acceleration Notice in relation to the Relevant Notes or the commencement of enforcement under the Master Issuer Deed of Charge as soon as practicable following such occurrence.

Appears in 1 contract

Sources: Isda Master Agreement (Permanent Funding (No. 2) LTD)

Notification to Party A. For the purpose of making any determination or calculation hereunder, the Calculation Agent may rely on any information, report, notice or certificate delivered to it by the Master Issuer Cash Manager or Party B and the Calculation Agent will not be liable for any error, incompleteness or omission regarding such information. No later than one (1) Business Day prior to a Quarterly Interest Payment Date, Party B, or the Master Issuer Cash Manager acting on its behalf, will notify Party A of the amount of (a) any principal payments to be made on the Relevant Notes on such Quarterly Interest Payment DateDate and (b) any interest payments otherwise due to be made on such Quarterly Interest Payment Date that will be deferred in accordance with the terms and conditions of the Relevant Notes. Party B, or the Master Issuer Cash Manager acting on its behalf, will notify Party A of the occurrence of a Note Event of Default in relation to the Relevant Notes, the delivery of a Note Acceleration Notice in relation to the Relevant Notes or the commencement of enforcement under the Master Issuer Deed of Charge as soon as practicable following such occurrence.

Appears in 1 contract

Sources: Isda Master Agreement (Permanent Funding (No. 2) LTD)