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.
Appears in 2 contracts
Sources: Eighth Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD), Eighth Issuer Paying Agent and Agent Bank Agreement (Permanent Financing (No. 8) PLC)
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 Sixth 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 Sixth 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.
Appears in 2 contracts
Sources: Sixth Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD), Paying Agent Agreement (Permanent Financing (No. 6) PLC)
Reimbursement by Principal Paying Agent. If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with CLAUSE Clause 7.1 or CLAUSE 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 Ninth 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 Ninth Issuer with CLAUSE 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 Clause 6.1, by credit transfer in sterlingeuro, dollars sterling or eurodollars, 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.
Appears in 2 contracts
Sources: Ninth Issuer Paying Agent and Agent Bank Agreement (HOLMES FINANCING (No. 9) PLC), Ninth Issuer Paying Agent and Agent Bank Agreement (HOLMES FINANCING (No. 9) PLC)
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 Seventh 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 Seventh 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.
Appears in 1 contract
Sources: Seventh Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)
Reimbursement by Principal Paying Agent. If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with CLAUSE Clause 7.1 or CLAUSE 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 Seventh 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 Seventh Issuer with CLAUSE 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 Clause 6.1, by credit transfer in sterlingeuro, dollars sterling or eurodollars, 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.
Appears in 1 contract
Sources: Seventh Issuer Paying Agent and Agent Bank Agreement (Holmes Financing No 7 PLC)
Reimbursement by Principal Paying Agent. If a Paying Agent other than the Principal Paying Agent makes any payment in accordance with CLAUSE Clause 7.1 or CLAUSE 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 Third 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 Third Issuer with CLAUSE 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 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.
Appears in 1 contract
Sources: Third Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)
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 Second 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 Second 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.
Appears in 1 contract
Sources: Principal Paying Agent Agreement (Permanent Mortgages Trustee LTD)
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 Sixth 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 Sixth 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 sterlingeuro, dollars sterling or eurodollars, 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.
Appears in 1 contract
Sources: Sixth Issuer Paying Agent and Agent Bank Agreement (Holmes Financing No 6 PLC)
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 Fourth 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 Fourth 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.
Appears in 1 contract
Sources: Fourth Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)
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 Fifth 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 Fifth 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.
Appears in 1 contract
Sources: Fifth Issuer Paying Agent and Agent Bank Agreement (Permanent Financing (No. 5) PLC)