Common use of DUTIES OF THE PAYING AGENTS Clause in Contracts

DUTIES OF THE PAYING AGENTS. 7.1 The Paying Agents shall, upon receipt of any necessary information from the Registrar, act as paying agents of the Trustee in respect of the Certificates and shall pay or cause to be paid, on behalf of the Trustee or, as the case may be, the Delegate, on and after each date on which any payment becomes due and payable, any Dissolution Amount or Periodic Distribution Amount then payable under the Conditions and this Agreement. If any payment provided for pursuant to Clause 5 is made late but otherwise pursuant to the terms of this Agreement, the Paying Agents shall nevertheless act as paying agents following acknowledgement by them of the receipt of the relevant payment.

DUTIES OF THE PAYING AGENTS. 7.1 The Paying Agents shall, upon receipt of any the necessary information from the Registrar, act as paying agents of the Trustee in respect of the Certificates and shall pay or cause to be paid, on behalf of the Trustee or, as the case may be, the Delegate, on and after each date on which any payment becomes due and payable, any the Dissolution Amount, Optional Redemption Amount or Periodic Distribution Amount then payable under the Conditions and this Agreement. If any payment provided for pursuant to Clause 5 is made late but otherwise pursuant to the terms of this Agreement, the Paying Agents shall nevertheless act as paying agents following acknowledgement by them of the receipt of the relevant paymentagents.