Common use of Notification of Non-payment Clause in Contracts

Notification of Non-payment. The Global Agent shall forthwith notify the Issuer by facsimile, e-mail or other rapid means of communication if it has not received the full amount for any payment due in respect of the Notes on the Remittance Date. The Global Agent shall have no liability, responsibility, duty or obligation to any Holder or Beneficial Owner of Notes to take any action against the Issuer in the event the Issuer fails to make available funds sufficient to pay amounts due and payable and owing to any Holder or Beneficial Owner on any Payment Date.

Appears in 29 contracts

Samples: Global Agency Agreement, Global Agency Agreement, Global Agency Agreement

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