Common use of Payment to the Fiscal Agent Clause in Contracts

Payment to the Fiscal Agent. ‌ (a) The Issuer shall, by no later than 3.00 p.m. (London time) on the Business Day on which any payment of principal or interest in respect of any of the Notes becomes due under the Conditions (or by such earlier time as may be determined by the Fiscal Agent in its absolute discretion in accordance with clause 4.1(b) below), transfer to an account specified by the Fiscal Agent such amount of U.S. dollars as shall be sufficient for the purposes of the payment of principal or interest in same day funds.‌ (b) If the Fiscal Agent determines in its absolute discretion that payment in accordance with this clause 4.1 is required to be made earlier than the Business Day on which payment in respect of the Notes becomes due, it will provide the Issuer with no less than 21 days' prior notice in writing of such requirements.‌ 4.2 The Issuer shall ensure that, no later than 1.00 p.m. (London time) on the Second Business Day immediately preceding each day on which any payment is to be made to the Fiscal Agent under clause 4.1, the bank effecting payment to the Fiscal Agent confirms by SWIFT or similar message or email to the Fiscal Agent the irrevocable payment instructions relating to such payment. 4.3 For the purposes of this clause 4, Business Day means a day on which commercial banks and foreign exchange markets settle payments and are open for general business in Istanbul, London and New York City. 4.4 For the avoidance of doubt, the Paying Agents shall not have any obligation nor be bound to make any payment of principal or interest in respect of the Notes to the Noteholders until the Fiscal Agent has been put in cleared funds by the Issuer and has been able to identify or confirm receipt of those funds.‌

Payment to the Fiscal Agent. ‌ (a) The Issuer shall, by no later than 3.00 p.m. (London time) on the Business Day on which any payment of principal or interest in respect of any of the Notes becomes due under the Conditions (or by such earlier time as may be determined by the Fiscal Agent in its absolute discretion in accordance with clause 4.1(b) below), transfer to an account specified by the Fiscal Agent such amount of U.S. dollars as shall be sufficient for the purposes of the payment of principal or interest in same day funds.‌ (b) If the Fiscal Agent determines in its absolute discretion that payment in accordance with this clause 4.1 is required to be made earlier than the Business Day on which payment in respect of the Notes becomes due, it will provide the Issuer with no less than 21 days' prior notice in writing of such requirements.‌requirements. 4.2 The Issuer shall ensure that, no later than 1.00 p.m. (London time) on the Second Business Day immediately preceding each day on which any payment is to be made to Interest Payment Date or the Fiscal Agent under clause 4.1Maturity Date, as the case may be, the bank effecting payment to the Fiscal Agent confirms by SWIFT or similar message or email to the Fiscal Agent the irrevocable payment instructions relating to such payment. 4.3 For the purposes of this clause 4, Business Day means a day on which commercial banks and foreign exchange markets settle payments and are open for general business in Istanbul, London and New York City.City.‌ 4.4 For the avoidance of doubt, the Paying Agents shall not have any obligation nor be bound to make any payment of principal or interest in respect of the Notes to the Noteholders until the Fiscal Agent has been put in cleared funds by the Issuer and has been able to identify or confirm receipt of those funds.‌funds.

Payment to the Fiscal Agent. ‌ (a) The Issuer shall, by no later than 3.00 p.m. (London time) on the Business Day on which any payment of principal or interest in respect of any of the Notes becomes due under the Conditions (or by such earlier time as may be determined by the Fiscal Agent in its absolute discretion in accordance with clause 4.1(b) below), transfer to an account specified by the Fiscal Agent such amount of U.S. dollars as shall be sufficient for the purposes of the payment of principal or interest in same day funds.‌funds. (b) If the Fiscal Agent determines in its absolute discretion that payment in accordance with this clause 4.1 is required to be made earlier than the Business Day on which payment in respect of the Notes becomes due, it will provide the Issuer with no less than 21 days' prior notice in writing of such requirements.‌requirements. 4.2 The Issuer shall ensure that, no later than 1.00 p.m. (London time) on the Second Business Day immediately preceding each day on which any payment is to be made to the Fiscal Agent under clause 4.1, the bank effecting payment to the Fiscal Agent confirms by SWIFT ▇▇▇▇▇ or similar message or email to the Fiscal Agent the irrevocable payment instructions relating to such payment. 4.3 For the purposes of this clause 4, Business Day means a day on which commercial banks and foreign exchange markets settle payments and are open for general business in Istanbul, London and New York City. 4.4 For the avoidance of doubt, the Paying Agents shall not have any obligation nor be bound to make any payment of principal or interest in respect of the Notes to the Noteholders until the Fiscal Agent has been put in cleared funds by the Issuer and has been able to identify or confirm receipt of those funds.‌funds.

Payment to the Fiscal Agent. ‌ (a) The Issuer shall, by no later than 3.00 p.m. (London time) on the Business Day on which any payment of principal or interest in respect of any of the Notes becomes due under the Conditions (or by such earlier time as may be determined by the Fiscal Agent in its absolute discretion in accordance with clause 4.1(b) below), transfer to an account specified by the Fiscal Agent such amount of U.S. dollars as shall be sufficient for the purposes of the payment of principal or interest in same day funds.‌funds. (b) If the Fiscal Agent determines in its absolute discretion that payment in accordance with this clause 4.1 is required to be made earlier than the Business Day on which payment in respect of the Notes becomes due, it will provide the Issuer with no less than 21 days' prior notice in writing of such requirements.‌requirements. 4.2 The Issuer shall ensure that, no later than 1.00 p.m. (London time) on the Second Business Day immediately preceding each day on which any payment is to be made to Interest Payment Date or the Fiscal Agent under clause 4.1Maturity Date, as the case may be, the bank effecting payment to the Fiscal Agent confirms by SWIFT or similar message or email to the Fiscal Agent the irrevocable payment instructions relating to such payment. 4.3 For the purposes of this clause 4, Business Day means a day on which commercial banks and foreign exchange markets settle payments and are open for general business in Istanbul, London and New York City. 4.4 For the avoidance of doubt, the Paying Agents shall not have any obligation nor be bound to make any payment of principal or interest in respect of the Notes to the Noteholders until the Fiscal Agent has been put in cleared funds by the Issuer and has been able to identify or confirm receipt of those funds.‌funds.