Common use of Clearing Systems Clause in Contracts

Clearing Systems. In delivering any Global Certificate in accordance with Clause 3.2.1, the Principal Paying Agent shall give instructions to the relevant clearing system to hold the Securities represented by it to the order of the Principal Paying Agent pending transfer to the securities account(s) referred to in Clause 3.2.1. Upon payment for any such Securities being made to the Principal Paying Agent, it shall transfer such payment to the account of the Issuer notified to it by the Issuer. For so long as any such Security continues to be held to the order of the Principal Paying Agent, the Principal Paying Agent shall hold such Security to the order of the Issuer.

Clearing Systems. In delivering any Global Certificate in accordance with Clause 3.2.1, the Principal Paying Agent shall give instructions to the relevant clearing system to hold the Securities Notes represented by it to the order of the Principal Paying Agent pending transfer to the securities account(s) referred to in Clause 3.2.1. Upon payment for any such Securities Notes being made to the Principal Paying Agent, it shall transfer such payment to the account of the Issuer notified to it by the Issuer. For so long as any such Security Note continues to be held to the order of the Principal Paying Agent, the Principal Paying Agent shall hold such Security Note to the order of the Issuer.

Clearing Systems. In delivering any Global Certificate in accordance with Clause 3.2.13.2, the Principal Paying Agent shall give instructions to the relevant clearing system to hold the Securities Notes represented by it to the order of the Principal Paying Agent pending transfer to the securities account(s) referred to in Clause 3.2.13.2. Upon payment for any such Securities Notes being made to the Principal Paying Agent, it shall transfer such payment to the account of the Issuer notified to it by the Issuer. For so long as any such Security Note continues to be held to the order of the Principal Paying Agent, the Principal Paying Agent shall hold such Security Note to the order of the Issuer.