Common use of Payment to the Fiscal Agent Clause in Contracts

Payment to the Fiscal Agent. The Issuer, failing which, the Guarantors shall make the necessary arrangements to give instructions prior to each date on which any payment in respect of the Notes becomes due, in order to transfer by TARGET2 System prior to noon (Luxembourg time) on each date on which any payment in respect of the Notes becomes due to the Fiscal Agent such amount as may be required for the purposes of such payment. In this Clause, the date on which a payment in respect of the Notes becomes due means the first date on which the holder of a Note, Receipt or Coupon could claim the relevant payment by transfer to an account under the Conditions. Further, the Issuer, failing which, the Guarantors, agree(s) to consult with the Fiscal Agent in relation to the settlement/payment/pre-advice procedures in respect of any Notes for which the relevant currency is other than Euro as reasonably necessary in advance of the issue of any such Notes.