Reimbursement by Principal Paying Agent Sample Clauses
The 'Reimbursement by Principal Paying Agent' clause defines the obligation of the principal paying agent to repay funds to other parties, typically when those parties have advanced payments or covered expenses on behalf of the issuer or the paying agent network. In practice, this clause may apply when a sub-paying agent or another intermediary has disbursed funds to bondholders or creditors and needs to be reimbursed by the principal paying agent for those outlays. Its core function is to ensure smooth financial operations and proper allocation of funds within the payment structure, preventing disputes and ensuring that all parties are made whole for payments made in the course of fulfilling their duties.
Reimbursement by Principal Paying Agent. If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with Clause 7.1 (Payments by Paying Agents):
Reimbursement by Principal Paying Agent. If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with CLAUSE 7.1 or CLAUSE 7.2:
(a) it shall notify the Principal Paying Agent of the amount so paid by it, the certificate or serial number of the Eighth Issuer Notes against presentation or surrender of which payment of principal or interest was made; and
(b) subject to, and to the extent of, compliance by the Eighth Issuer with CLAUSE 6.1 (whether or not at the due time), the Principal Paying Agent shall pay to such Paying Agent out of the funds received by the Principal Paying Agent under CLAUSE 6.1, by credit transfer in sterling, dollars or euro, as the case may be, and in same day, freely transferable, cleared funds to such account with such bank in London as such Paying Agent has by notice to the Principal Paying Agent specified for the purpose, an amount equal to the amount so paid by such Paying Agent.
Reimbursement by Principal Paying Agent. If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with Clause 7.1 or Clause 7.2:
(a) it shall notify the Principal Paying Agent of the amount so paid by it, the certificate or serial number of the Master Issuer Notes against presentation or surrender of which payment of principal or interest was made; and
(b) subject to, and to the extent of, compliance by the Master Issuer with Clause 6.1 (whether or not at the due time), the Principal Paying Agent shall pay to such Paying Agent out of the funds received by the Principal Paying Agent under Clause 6.1, by credit transfer in the Specified Currency, and in same day, freely transferable, cleared funds to such account with such bank in London as such Paying Agent has by notice to the Principal Paying Agent specified for the purpose, an amount equal to the amount so paid by such Paying Agent.
Reimbursement by Principal Paying Agent. If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with Clause 6.1 (Payments in respect of the Class A Notes):
(a) it shall notify the Principal Paying Agent of the amount so paid by it; and
(b) subject to and to the extent of compliance by the Issuer with Clause 5.1 (Issuer to pay Principal Paying Agent and Class Z VFN Registrar) (whether or not at the due time), the Principal Paying Agent shall pay to such Paying Agent (if any) out of the funds received by it under Clause 5.1 (Issuer to pay Principal Paying Agent and Class Z VFN Registrar), by credit transfer in the Agreed Currency and in freely transferable, cleared funds to such account with such bank as such Paying Agent has by notice to the Principal Paying Agent specified for the purpose, an amount equal to the amount so paid by such Paying Agent.
Reimbursement by Principal Paying Agent. If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with Clause 7.1 (Payments by Paying Agents):
(a) it shall notify the Principal Paying Agent of the amount so paid by it, the certificate or serial number (if any) of the Global Note or Definitive Note against presentation or surrender of which payment of principal was made or of the Global Note or Definitive Note against presentation or surrender of which payment of interest was made; and
(b) subject to and to the extent of compliance by the Issuer with Clause 6.1 (Issuer to Pay Principal Paying Agent) (whether or not at the due time), the Principal Paying Agent shall pay to such Paying Agent out of the funds received by it under Clause 6.1 (Issuer to Pay Principal Paying Agent), by credit transfer in the applicable currency of such payment freely transferable same day, cleared funds to such account with such bank as such Paying Agent has by notice to the Principal Paying Agent specified for the purpose, an amount equal to the amount so paid by such Paying Agent.
Reimbursement by Principal Paying Agent. If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with Clause 8.1:
8.3.1 it shall notify the Principal Paying Agent of the amount so paid by it and the Series number, serial number and principal amount of each Note in relation to which payment of principal or interest was made; and
8.3.2 subject to and to the extent of compliance by Gazprom with Clause 7.1 (whether or not at the due time) the Principal Paying Agent shall pay to such Paying Agent out of the funds received by it under Clause 7.1, by credit transfer in the Specified Currency and in Same-Day Funds to such account with such bank in the principal financial centre of the Specified Currency or, in the case of euro, such bank in a city in which banks have access to the TARGET System as such Paying Agent has by notice to the Principal Paying Agent specified for the purpose, an amount equal to the amount so paid by such Paying Agent.
Reimbursement by Principal Paying Agent. If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with Clause
7.1 (Payments in respect of the Notes):
(a) it shall notify the Principal Paying Agent of the amount so paid by it, and the serial number and principal amount of each Note Certificate; or
(b) subject to and to the extent of compliance by the Issuer with Clause 6.1 (Issuer to pay Principal Paying Agent) (whether or not at the due time), the Principal Paying Agent shall pay to such Paying Agent (if any) out of the funds received by it under Clause 6.1 (Issuer to pay Principal Paying Agent), by credit transfer in Sterling and in freely transferable, cleared funds to such account with such bank as such Paying Agent has by notice to the Principal Paying Agent specified for the purpose, an amount equal to the amount so paid by such Paying Agent.
Reimbursement by Principal Paying Agent. If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with Clause 7.1 (Payments by Paying Agents):
7.4.1 it shall notify the Principal Paying Agent of the amount so paid by it, the certificate or serial number (if any) of the Temporary Global Bond, Permanent Global Bond, Definitive Bond or Coupon against presentation or surrender of which payment of principal was made, or of the Temporary Global Bond, Permanent Global Bond or Definitive Bond against presentation or surrender of which payment of interest was made, and the number of Coupons by maturity against presentation or surrender of which payment of interest was made; and
7.4.2 subject to and to the extent of compliance by the Issuer with Clause 6.1 (Issuer to pay Principal Paying Agent) (whether or not at the due time), the Principal Paying Agent shall pay to such Paying Agent out of the funds received by it under Clause 6.1 (Issuer to pay Principal Paying Agent), by credit transfer in Sterling and in immediately available, freely transferable, cleared funds to such account with such bank in London as such Paying Agent has by notice to the Principal Paying Agent specified for the purpose, an amount equal to the amount so paid by such Paying Agent.
Reimbursement by Principal Paying Agent. If the Luxembourg Paying --------------------------------------- Agent makes any payment in accordance with Section 3:
(a) it shall notify the Principal Paying Agent of the amount so paid by it and the certificate or serial number of the Definitive Senior Note or Global Receipt against presentation or surrender of which payment of principal or interest was made; and
(b) the Principal Paying Agent shall pay to the Luxembourg Paying Agent out of the funds received by the Principal Paying Agent under Section 2, an amount equal to the amount so paid by the Luxembourg Paying Agent.
Reimbursement by Principal Paying Agent. If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with Clause 7.1:
7.3.1 it shall notify the Principal Paying Agent of the amount so paid by it and the serial number and principal amount of each Note in relation to which payment of principal or interest or additional amounts, if any, was made; and
7.3.2 subject to and to the extent that the relevant payments have been made to the Lender Account in accordance with Clause 6.1, (whether or not at the due time), the Principal Paying Agent shall pay to such Paying Agent out of the funds received by it under Clause 6.1, by credit transfer in U.S. Dollars and in Same-Day Funds to such Lender Account with such bank in Istanbul as such Paying Agent has by notice to the Principal Paying Agent specified for the purpose, an amount equal to the amount so paid by such Paying Agent.