Common use of CONDITIONS OF APPOINTMENT Clause in Contracts

CONDITIONS OF APPOINTMENT. 20.1 Save as provided in Clause 7 and in sub-clause 20.3 of this clause, the Principal Paying Agent shall be entitled to deal with money paid to it by the Issuer for the purposes of this Agreement in the same manner as other money paid to a banker by its customers and such moneys shall not be held in accordance with the client money rules of the Financial Conduct Authority and shall not be liable to account to the Issuer for any interest or other amounts in respect of the money. No money held by any Paying Agent need be segregated except as required by law.

CONDITIONS OF APPOINTMENT. 20.1 19.1 Save as provided in Clause clause 7 and in sub-clause 20.3 subclause 19.3 of this clause, the Principal Paying Agent shall be entitled to deal with money paid to it by the Issuer or the Guarantors for the purposes of this Agreement in the same manner as other money paid to a banker by its customers and such moneys shall not be held in accordance with the client money rules of the Financial Conduct Authority and shall not be liable to account to the Issuer or the Guarantors for any interest or other amounts in respect of the money. No money held by any Paying Agent need be segregated except as required by law.

CONDITIONS OF APPOINTMENT. 20.1 22.1 Save as provided in Clause 7 and in sub-clause 20.3 of this clause22.3, the Principal Paying Agent shall be entitled to deal with money paid to it by the Issuer relevant Trustee or the IsDB for the purposes of this Agreement in the same manner as other money paid to a banker by its customers and such moneys shall not be held in accordance with the client money rules of the Financial Conduct Authority and shall not be liable to account to the Issuer relevant Trustee or the IsDB for any interest profit or other amounts in respect of the such money. No money held by any Paying Agent need be segregated except as required by law.

CONDITIONS OF APPOINTMENT. 20.1 22.1 Save as provided in Clause 7 2.4 and in sub-clause 20.3 of this clauseClause 22, the Principal Paying Agent shall be entitled to deal with money paid to it by the Issuer Trustee, DIB, or otherwise for the purposes of this Agreement in the same manner as other money paid to a banker by its customers and such moneys shall not be held in accordance with the client money rules of the Financial Conduct Authority and shall not be liable to account to the Issuer Trustee, DIB or any other person for any interest profit or other amounts in respect of the such money. No money held by any Paying Agent need be segregated except as required by law.

CONDITIONS OF APPOINTMENT. 20.1 19.1 Save as provided in Clause 7 and in sub-clause 20.3 19.3 of this clauseClause, the Principal Paying Agent shall be entitled to deal with money paid to it by the Issuer for the purposes of this Agreement in the same manner as other money paid to a banker bank by its customers and such moneys shall not be held in accordance with the client money rules of the Financial Conduct Authority as trustee and shall not (i) be liable to account to the Issuer for any interest or other amounts in respect of the moneymoney or (ii) be required to hold such money subject to the FCA Client Money Rules. No money held by any the Principal Paying Agent need be segregated except as required by law.

CONDITIONS OF APPOINTMENT. 20.1 19.1 Save as provided in Clause 7 and in sub-clause 20.3 of this clause19.3, the Principal Paying Agent shall be entitled to deal with money paid to it by the Issuer or the Guarantor for the purposes of this Agreement in the same manner as other money paid to a banker bank by its customers and such moneys shall not be held in accordance with the client money rules of the Financial Conduct Authority and shall not be liable to account to the Issuer or the Guarantor for any interest or other amounts in respect of the money. No money held by any Paying Agent need be segregated except as required by law.

CONDITIONS OF APPOINTMENT. 20.1 Save as provided in Clause 7 and in sub-clause 20.3 of this clause, the Principal Paying Agent shall be entitled to deal with money paid to it by the Issuer for the purposes of this Agreement in the same manner as other money paid to a banker by its customers and such moneys shall not be held in accordance with the client money rules of the Financial Conduct Authority and shall not be liable to account to the Issuer for any interest or other amounts in respect of the money. No money held by any Paying Agent need be segregated except as required by law.

CONDITIONS OF APPOINTMENT. 20.1 19.1 Save as provided in Clause 7 and in sub-clause 20.3 of this clauseClause 19.3, the Principal Paying Agent shall be entitled to deal with money paid to it by the Issuer for the purposes of this Agreement in the same manner as other money paid to a banker bank by its customers and such moneys shall not be held in accordance with the client money rules of the Financial Conduct Authority and shall not be liable to account to the Issuer for any interest or other amounts in respect of the money. No money held by any Paying Agent need be segregated except as required by law. Amounts paid to the Principal Paying Agent pursuant to this Agreement shall not be held subject to the Financial Conduct Authority’s Client Money Rules.

CONDITIONS OF APPOINTMENT. 20.1 21.1 Save as provided in Clause clause 7 and in sub-clause 20.3 subclause 21.3 of this clause, the Principal Paying Agent shall be entitled to deal with money paid to it by the Issuer Issuers or the Guarantors for the purposes of this Agreement in the same manner as other money paid to a banker by its customers and such moneys shall not be held in accordance with the client money rules of the Financial Conduct Authority and shall not be liable to account to the Issuer Issuers or the Guarantors for any interest or other amounts in respect of the money. No money held by any Paying Agent need be segregated except as required by law.