Payments by the Guarantor. If the relevant Issuer shall fail to provide for the amounts payable on any Notes issued by an Issuer other than GE Capital, or coupons appertaining thereto, if any, the Guarantor shall, subject to its right to avail itself of defenses under all relevant laws for the prescription of actions in respect of such Notes and coupons appertaining thereto, forthwith upon receipt of notice of such failure from the Fiscal and Paying Agent (who shall give such notice forthwith upon such failure) deliver or cause to be delivered to the Fiscal and Paying Agent the amount thereof (to the extent that the same has not then been delivered by the relevant Issuer), which amount shall be held and applied in payment of such amounts by the Fiscal Agent and Paying Agent in all respects as if received from the relevant Issuer under this Agreement.
Payments by the Guarantor. In connection with a Determination of Taxability, the Guarantor agrees to pay, in addition to the amounts specified in the Bonds and in the Lease Agreement, the reasonable fees and expenses of the Trustee incurred in connection therewith.
Payments by the Guarantor. The Guarantor may rely on any documents delivered to it in connection with any claim under the UKIB Guarantee which appear on their face to be in order, without responsibility for further investigation.
Payments by the Guarantor. The Guarantor agrees that any payments made by it on the Securities will be paid strictly in accordance with the terms and provisions thereof, regardless of any law, statute, rule, regulation, decree or order, now or hereafter in effect in any jurisdiction, purporting to affect in any manner any of the terms or provisions of the Securities, this Indenture or this Security Guarantee or any of the Guarantor’s rights, obligations or remedies with respect thereto as against the Company, the Trustee of the Holders or purporting to cause or permit to be invoked any alteration in the time, amount, manner, place or terms of payment by the Company or the Guarantor under the Securities.
Payments by the Guarantor. The Guarantor shall pay, upon request by LBS, the amount of the Obligations or of any part of such Obligations as requested by LBS, as well as the interest calculated daily and compounded monthly, from the time of the request up to the complete and total payment. The interest rate shall be the rate established from time to time by LBS as the rate applicable to debit balances in accounts held with LBS. Any amount indicated by LBS as unpaid by the Client shall be construed, in the absence of patently obvious errors, to be the amount that the Client owes LBS. LBS is authorized to make more than one request pursuant to this Guarantee Agreement and no LBS request or no Guarantor payment shall result in the cancellation or the extinguishment of this Guarantee Agreement.
Payments by the Guarantor. All sums payable by the Guarantor under this guarantee shall be paid in sterling to the Noteholders in the manner set out in Condition 11. All such payments shall be made free and clear of, and without any deduction or withholding for, or on account of, tax unless the Guarantor is required to make such withholding or deduction by law and shall also be made in full and free and clear of, and without any deduction for or on account of, any set-off or counterclaim.
Payments by the Guarantor. If the Guarantor makes payments, then the Bank’s rights against the Principal Debtors are transferred to it, if the Bank, on the basis of all its claims against the Principal Debtors, has obtained a complete release. Up to that time, the payments only serve as security. The Bank is authorized first to apply the proceeds of collateral and payments by the Principal Debtors or other obliged parties to the part of their outstanding accounts exceeding the Guarantee amount.
Payments by the Guarantor. If GEC Australia or GEC Canada ------------------------- shall fail to provide for the amounts payable on any Notes issued by GEC Australia or GEC Canada, as the case may be, or coupons appertaining thereto, if any, the Guarantor shall, subject to its right to avail itself of defenses under all relevant laws for the prescription of actions in respect of such Notes and coupons appertaining thereto, forthwith upon receipt of notice of such failure from the Fiscal and Paying Agent (who shall give such notice forthwith upon such failure) deliver or cause to be delivered to the Fiscal and Paying Agent the amount thereof (to the extent that the same has not then been delivered by GEC Australia or GEC Canada, as the case may be), which amount shall be held and applied in payment of such amounts by the Fiscal Agent and Paying Agent in all respects as if received from the relevant Issuer under this Agreement.
Payments by the Guarantor
