Common use of Payment to the Fiscal Agent Clause in Contracts

Payment to the Fiscal Agent. The Issuer shall, no later than 10.00 a.m. (London time), on each date on which any payment in respect of the Notes becomes due, transfer to the Fiscal Agent such amount as may be required for the purposes of such payment. If the Fiscal Agent determines in its absolute discretion that payment in accordance with this Clause 4.1 is required to be made earlier, it will provide the Issuer with no less than 21 days prior notice in writing of such requirement. In this Clause 4.1, the date on which a payment in respect of the Notes becomes due means the first date on which the holder of a Note or Coupon could claim the relevant payment by transfer to an account under the Conditions, but disregarding the necessity for it to be a business day in the particular place of presentation.