Common use of Covenant to Repay Clause in Contracts

Covenant to Repay. The Issuer hereby covenants with the Note Trustee that it will, in accordance with the terms of the Notes (including the Note Conditions) and this Deed, on the Scheduled Redemption Date thereof as specified in such Note Conditions, or on each such earlier date as the Notes, or any of them or any part thereof, may become repayable thereunder (whether in full or in part), pay or procure to be paid unconditionally to or to the order of the Note Trustee in Dollars in New York for immediate value the principal amount of such Notes repayable subject to and in accordance with the terms of such Notes (including the Note Conditions) and this Deed, on that date and shall, subject to the terms of such Notes (including the Note Conditions), in the meantime and until such payment (after as well as before any judgment or other order of a court of competent jurisdiction) pay or procure to be paid unconditionally to or to the order of the Note Trustee as aforesaid interest on the Principal Amount Outstanding of the Notes at the rates calculated from time to time in accordance with and on the dates provided for in the Note Conditions, provided that:

Appears in 9 contracts

Samples: Gracechurch Receivables Trustee LTD, Barclaycard Funding PLC, Gracechurch Receivables Trustee LTD

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Covenant to Repay. The Issuer hereby covenants with the Note Trustee that it will, in accordance with the terms of the Notes (including the Note Conditions) and this Deed, on the Scheduled Redemption Date thereof as specified in such Note Conditions, or on each such earlier date as the Notes, or any of them or any part thereof, may become repayable thereunder (whether in full or in part), pay or procure to be paid unconditionally to or to the order of the Note Trustee in Dollars in New York for immediate value the principal amount of such Notes repayable subject to and in accordance with the terms of such Notes (including the Note Conditions) and this Deed, on that date and shall, subject to the terms of such Notes (including the Note Conditions), in the meantime and until such payment (after as well as before any judgment or other order of a court of competent jurisdiction) pay or procure to be paid unconditionally to or to the order of the Note Trustee as aforesaid interest on the Principal Amount Outstanding of the Notes at the rates calculated from time to time in accordance with and on the dates provided for in the Note Conditions, provided that:: then the above reference to "Scheduled Redemption Date" in Clause 2.2 shall be deemed to be replaced by a reference to the "Series 05-2 Termination Date" and the covenant contained in this Clause 2.2 shall be construed accordingly;

Appears in 1 contract

Samples: Barclaycard Funding PLC

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