Common use of Payments by the Issuer Clause in Contracts

Payments by the Issuer. 13.1.1 On each date on which any amount is due from the Issuer under the Bond Documents, the Issuer shall pay such amount, with debt discharging effect on such date, in immediately available cleared funds to the account specified by the respective Bondholder for that purpose. 13.1.2 Each payment under these Terms and Conditions from the Issuer is to be made in Euro. 13.1.3 The Issuer is released from its payment obligation to the Bondholders upon payment to the Bondholders in their respective payment account.

Payments by the Issuer. 13.1.1 On each date on which any amount is due from the Issuer under the Bond Documents, the Issuer shall pay such amount, that amount with debt discharging effect on such date, that date and in immediately available cleared funds to the account specified by the respective Bondholder for that purpose. 13.1.2 Each payment under these Terms and Conditions from the Issuer is to be made in Euro. 13.1.3 The Issuer is released from its payment obligation to the Bondholders upon payment to the Bondholders in their respective payment account.