The Principal Paying Agent. (a) will, by telefax or in writing to the Issuer or, as the case may be, the Guarantors not less than five Business Days prior to each due date, supply the Issuer or, as the case may be, the Guarantors with any necessary information including reference numbers and the name of a contact person for the receipt of funds; (b) shall credit the funds for the Servicing of the Notes to a non-interest bearing account with the Principal Paying Agent and forward the funds received to SIS for distribution to the Noteholders (except any funds received by an Agent for its own behalf); and (c) is entitled to charge default interest to the Issuer or, as the case may be, the Guarantors at the higher of the interest rate for daily money in CHF or the annual interest of the Notes for any payment not received on the due date. The receipt by the Principal Paying Agent of the due and punctual payment of the funds in CHF as above provided shall release the Issuer of its payment obligations under the Notes to the extent of such payments. Any funds held by the Agents in respect of interest or principal which become prescribed under Condition 12 (Prescription) shall be put at the Issuer's or, as the case may be, the Guarantors’ disposal by the Principal Paying Agent. The Principal Paying Agent shall maintain a record of such prescribed payments and advise the Issuer or, as the case may be, the Guarantors promptly of their amount and effective date.
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