Common use of Partial Payment Clause in Contracts

Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Eighth Issuer Note or a Definitive Eighth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE 6. 1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Eighth Issuer Note, the Registrar shall, in respect of such Global Eighth Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Eighth Issuer Notes, the Registrar shall annotate the Register with such details. (i) If the Eighth Issuer intends to redeem all (but not some only) of any class of the Eighth Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION 5(D) or (E), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION 5 and stating the date on which such Eighth Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period. (ii) The Principal Paying Agent shall in accordance with the Conditions on behalf of and at the expense of the Eighth Issuer publish the notices required in connection with such redemption. (c) In the case of a partial redemption of any class of the Eighth Issuer Notes in accordance with CONDITION 5(B), the principal amount of the Eighth Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION 5(B).

Appears in 2 contracts

Sources: Eighth Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD), Eighth Issuer Paying Agent and Agent Bank Agreement (Permanent Financing (No. 8) PLC)

Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Eighth Master Issuer Note or a Definitive Eighth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE 6. 1Clause 6.1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Eighth Master Issuer Note, the Registrar shall, in respect of such Global Eighth Master Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Eighth Issuer Notes, the Registrar shall annotate the Register with such details. (ib) If the Eighth Master Issuer intends to redeem all (but not some only) of any class Series and Class (or Sub-Class) of the Eighth Master Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION 5(D) Condition 5.4, 5.5 or 5.6 (Eas set forth in the Base Prospectus), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Master Issuer Security Trustee, the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION Condition 5 and stating the date on which such Eighth Series and Class (or Sub-Class) of Master Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period. (iic) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Eighth Master Issuer publish the notices required in connection with such redemption. (cd) In the case of a partial redemption of any class Series and Class (or Sub-Class) of the Eighth Master Issuer Notes in accordance with CONDITION 5(B)Condition 5.2, the principal amount of the Eighth Issuer such Series and Class (or Sub-Class) of Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION 5(B)Condition 5.2.

Appears in 2 contracts

Sources: Master Issuer Paying Agent and Agent Bank Agreement, Master Issuer Paying Agent and Agent Bank Agreement

Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Eighth Ninth Issuer Note or a Definitive Eighth Ninth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE Clause 6. 1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Eighth Ninth Issuer Note, the Registrar shall, in respect of such Global Eighth Ninth Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Eighth Ninth Issuer Notes, the Registrar shall annotate the Register with such details. (i) If the Eighth Ninth Issuer intends to redeem all (but not some only) of any class of the Eighth Ninth Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION Condition 5(D) or (E), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Ninth Issuer Security Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION Condition 5 and stating the date on which such Eighth Ninth Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period. (ii) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Eighth Ninth Issuer publish the notices required in connection with such redemption. (c) In the case of a partial redemption of any class of the Eighth Ninth Issuer Notes in accordance with CONDITION Condition 5(B), the principal amount of the Eighth Ninth Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION Condition 5(B).

Appears in 2 contracts

Sources: Ninth Issuer Paying Agent and Agent Bank Agreement (HOLMES FINANCING (No. 9) PLC), Ninth Issuer Paying Agent and Agent Bank Agreement (HOLMES FINANCING (No. 9) PLC)

Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Eighth Sixth Issuer Note or a Definitive Eighth Sixth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE 6. 1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Eighth Sixth Issuer Note, the Registrar shall, in respect of such Global Eighth Sixth Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Eighth Sixth Issuer Notes, the Registrar shall annotate the Register with such details. (i) If the Eighth Sixth Issuer intends to redeem all (but not some only) of any class of the Eighth Sixth Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION 5(D) or (E), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION 5 and stating the date on which such Eighth Sixth Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period. (ii) The Principal Paying Agent shall in accordance with the Conditions on behalf of and at the expense of the Eighth Sixth Issuer publish the notices required in connection with such redemption. (c) In the case of a partial redemption of any class of the Eighth Sixth Issuer Notes in accordance with CONDITION 5(B), the principal amount of the Eighth Sixth Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION 5(B).

Appears in 2 contracts

Sources: Sixth Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD), Paying Agent Agreement (Permanent Financing (No. 6) PLC)

Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Eighth Seventh Issuer Note or a Definitive Eighth Seventh Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE 6. 1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Eighth Seventh Issuer Note, the Registrar shall, in respect of such Global Eighth Seventh Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Eighth Seventh Issuer Notes, the Registrar shall annotate the Register with such details. (i) If the Eighth Seventh Issuer intends to redeem all (but not some only) of any class of the Eighth Seventh Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION 5(D) or (E), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION 5 and stating the date on which such Eighth Seventh Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period. (ii) The Principal Paying Agent shall in accordance with the Conditions on behalf of and at the expense of the Eighth Seventh Issuer publish the notices required in connection with such redemption. (c) In the case of a partial redemption of any class of the Eighth Seventh Issuer Notes in accordance with CONDITION 5(B), the principal amount of the Eighth Seventh Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION 5(B).

Appears in 2 contracts

Sources: Seventh Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD), Seventh Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)

Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Eighth Issuer Note or a Definitive Eighth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE Clause 6. 1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Eighth Issuer Note, the Registrar shall, in respect of such Global Eighth Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Eighth Issuer Notes, the Registrar shall annotate the Register with such details. (i) If the Eighth Master Issuer intends to redeem all (but not some only) of any class Series and Class of the Eighth Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION 5(D) Condition 5.4, 5.5 or (E)5.6, it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION Condition 5 and stating the date on which such Eighth Issuer Series and Class of Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period. (ii) The Principal Paying Agent shall in accordance with the Conditions on behalf of and at the expense of the Eighth Master Issuer publish the notices required in connection with such redemption. (c) In the case of a partial redemption of any class Series and Class of the Eighth Issuer Notes in accordance with CONDITION Condition 5(B), the principal amount of the Eighth Issuer such Series and Class of Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION 5(B)Condition 5.2.

Appears in 1 contract

Sources: Master Issuer Paying Agent and Agent Bank Agreement (Permanent Funding (No. 2) LTD)

Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Eighth Sixth Issuer Note or a Definitive Eighth Sixth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE 6. 1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Eighth Sixth Issuer Note, the Registrar shall, in respect of such Global Eighth Sixth Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Eighth Sixth Issuer Notes, the Registrar shall annotate the Register with such details. (i) If the Eighth Sixth Issuer intends to redeem all (but not some only) of any class of the Eighth Sixth Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION 5(D) or (E), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Sixth Issuer Security Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION 5 and stating the date on which such Eighth Sixth Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period. (ii) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Eighth Sixth Issuer publish the notices required in connection with such redemption. (c) In the case of a partial redemption of any class of the Eighth Sixth Issuer Notes in accordance with CONDITION 5(B), the principal amount of the Eighth Sixth Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION 5(B).

Appears in 1 contract

Sources: Sixth Issuer Paying Agent and Agent Bank Agreement (Holmes Financing No 6 PLC)

Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Eighth Second Issuer Note or a Definitive Eighth Second Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE 6. 1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Eighth Second Issuer Note, the Registrar shall, in respect of such Global Eighth Second Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Eighth Second Issuer Notes, the Registrar shall annotate the Register with such details. (i) If the Eighth Second Issuer intends to redeem all (but not some only) of any class of the Eighth Second Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION 5(D) or (E), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION 5 and stating the date on which such Eighth Second Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period. (ii) The Principal Paying Agent shall in accordance with the Conditions on behalf of and at the expense of the Eighth Second Issuer publish the notices required in connection with such redemption. (c) In the case of a partial redemption of any class of the Eighth Second Issuer Notes in accordance with CONDITION 5(B), the principal amount of the Eighth Second Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION 5(B).

Appears in 1 contract

Sources: Principal Paying Agent Agreement (Permanent Mortgages Trustee LTD)

Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Eighth Issuer Note or a Definitive Eighth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE 6. 1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Eighth Issuer Note, the Registrar shall, in respect of such Global Eighth Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Eighth Issuer Notes, the Registrar shall annotate the Register with such details. (i) If the Eighth Issuer intends to redeem all (but not some only) of any class of the Eighth Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION Condition 5(D) or (E), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Eighth Issuer Security Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION Condition 5 and stating the date on which such Eighth Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period. (ii) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Eighth Issuer publish the notices required in connection with such redemption. (c) In the case of a partial redemption of any class of the Eighth Issuer Notes in accordance with CONDITION Condition 5(B), the principal amount of the Eighth Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION Condition 5(B).

Appears in 1 contract

Sources: Eighth Issuer Paying Agent and Agent Bank Agreement (Holmes Financing No 8 PLC)

Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Eighth Issuer Note or a Definitive Eighth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE Clause 6. 1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Eighth Issuer Note, the Registrar shall, in respect of such Global Eighth Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Eighth Issuer Notes, the Registrar shall annotate the Register with such details. (i) If the Eighth Issuer intends to redeem all (but not some only) of any class Series and Class of the Eighth Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION Condition 5(D). (E) or (EF), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION Condition 5 and stating the date on which such Eighth Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period. (ii) The Principal Paying Agent shall in accordance with the Conditions on behalf of and at the expense of the Eighth Issuer publish the notices required in connection with such redemption. (c) In the case of a partial redemption of any class Series and Class of the Eighth Issuer Notes in accordance with CONDITION Condition 5(B), the principal amount of the Eighth Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION Condition 5(B).

Appears in 1 contract

Sources: Paying Agent and Agent Bank Agreement (Permanent Funding (No. 2) LTD)

Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Eighth Fifth Issuer Note or a Definitive Eighth Fifth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE 6. 1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Eighth Fifth Issuer Note, the Registrar shall, in respect of such Global Eighth Fifth Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Eighth Fifth Issuer Notes, the Registrar shall annotate the Register with such details. (i) If the Eighth Fifth Issuer intends to redeem all (but not some only) of any class of the Eighth Fifth Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION Condition 5(D) or (E), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION Condition 5 and stating the date on Noteholders in accordance which such Eighth Fifth Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period. (ii) The Principal Paying Agent shall in accordance with the Conditions on behalf of and at the expense of the Eighth Fifth Issuer publish the notices required in connection with such redemption. (c) In the case of a partial redemption of any class of the Eighth Fifth Issuer Notes in accordance with CONDITION Condition 5(B), the principal amount of the Eighth Fifth Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION Condition 5(B).

Appears in 1 contract

Sources: Fifth Issuer Paying Agent and Agent Bank Agreement (Permanent Financing (No. 5) PLC)

Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Eighth Master Issuer Note or a Definitive Eighth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE 6. 1Clause 6.1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Eighth Master Issuer Note, the Registrar shall, in respect of such Global Eighth Master Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Eighth Issuer Notes, the Registrar shall annotate the Register with such details. (i) If the Eighth Master Issuer intends to redeem all (but not some only) of any class Series and Class (or Sub-Class) of the Eighth Master Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION 5(D) Condition 5.4, 5.5 or 5.6 (Eas set forth in the Base Prospectus), it shall give not more than 60 nor less than 30 days' ’ written notice of such intention to the Master Issuer Security Trustee, the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION Condition 5 and stating the date on which such Eighth Series and Class (or Sub-Class) of Master Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period. (ii) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Eighth Master Issuer publish the notices required in connection with such redemption. (c) In the case of a partial redemption of any class Series and Class (or Sub-Class) of the Eighth Master Issuer Notes in accordance with CONDITION 5(B)Condition 5.2, the principal amount of the Eighth Issuer such Series and Class (or Sub-Class) of Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION 5(B)Condition 5.2.

Appears in 1 contract

Sources: Master Issuer Paying Agent and Agent Bank Agreement (Holmes Funding LTD)

Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Eighth Master Issuer Note or a Definitive Eighth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE Clause 6. 1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Eighth Master Issuer Note, the Registrar shall, in respect of such Global Eighth Master Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Eighth Issuer Notes, the Registrar shall annotate the Register with such details. (i) If the Eighth Master Issuer intends to redeem all (but not some only) of any class Series and Class (or Sub-Class) of the Eighth Master Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION 5(D) Condition 5.4, 5.5 or 5.6 (Eas set forth in the Base Prospectus), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Master Issuer Security Trustee, the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION Condition 5 and stating the date on which such Eighth Series and Class (or Sub-Class) of Master Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period. (ii) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Eighth Master Issuer publish the notices required in connection with such redemption. (c) In the case of a partial redemption of any class Series and Class (or Sub-Class) of the Eighth Master Issuer Notes in accordance with CONDITION 5(B)Condition 5.2, the principal amount of the Eighth Issuer such Series and Class (or Sub-Class) of Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION 5(B)Condition 5.2.

Appears in 1 contract

Sources: Master Issuer Paying Agent and Agent Bank Agreement (Holmes Master Issuer)

Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Eighth Seventh Issuer Note or a Definitive Eighth Seventh Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE 6. 1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Eighth Seventh Issuer Note, the Registrar shall, in respect of such Global Eighth Seventh Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Eighth Seventh Issuer Notes, the Registrar shall annotate the Register with such details. (i) If the Eighth Seventh Issuer intends to redeem all (but not some only) of any class of the Eighth Seventh Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION Condition 5(D) or (E), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Seventh Issuer Security Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION Condition 5 and stating the date on which such Eighth Seventh Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period. (iii) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Eighth Seventh Issuer publish the notices required in connection with such redemption. (c) In the case of a partial redemption of any class of the Eighth Seventh Issuer Notes in accordance with CONDITION Condition 5(B), the principal amount of the Eighth Seventh Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION Condition 5(B).

Appears in 1 contract

Sources: Seventh Issuer Paying Agent and Agent Bank Agreement (Holmes Financing No 7 PLC)

Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Eighth Fourth Issuer Note or a Definitive Eighth Fourth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE 6. 1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Eighth Fourth Issuer Note, the Registrar shall, in respect of such Global Eighth Fourth Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Eighth Fourth Issuer Notes, the Registrar shall annotate the Register with such details. (i) If the Eighth Fourth Issuer intends to redeem all (but not some only) of any class of the Eighth Fourth Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION Condition 5(D) or (E), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION Condition 5 and stating the date on which such Eighth Fourth Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period. (iii) The Principal Paying Agent shall in accordance with the Conditions on behalf of and at the expense of the Eighth Fourth Issuer publish the notices required in connection with such redemption. (c) In the case of a partial redemption of any class of the Eighth Fourth Issuer Notes in accordance with CONDITION Condition 5(B), the principal amount of the Eighth Fourth Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION Condition 5(B).

Appears in 1 contract

Sources: Fourth Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)

Partial Payment. (a) The Principal Paying Agent shall not be obliged (but shall be entitled) to make payments of interest or principal in respect of a Global Eighth Third Issuer Note or a Definitive Eighth Third Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under CLAUSE Clause 6. 1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Eighth Third Issuer Note, the Registrar shall, in respect of such Global Eighth Third Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Eighth Third Issuer Notes, the Registrar shall annotate the Register with such details. (i) If the Eighth Third Issuer intends to redeem all (but not some only) of any class of the Eighth Third Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of CONDITION Condition 5(D) or (E), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Note Trustee and the Noteholders in accordance with the relevant paragraphs of CONDITION Condition 5 and stating the date on which such Eighth Third Issuer Notes are to be redeemed and shall give sufficient notice to the Principal Paying Agent to enable it to notify the Noteholders within such prescribed period. (ii) The Principal Paying Agent shall in accordance with the Conditions on behalf of and at the expense of the Eighth Third Issuer publish the notices required in connection with such redemption. (c) In the case of a partial redemption of any class of the Eighth Third Issuer Notes in accordance with CONDITION Condition 5(B), the principal amount of the Eighth Third Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with CONDITION Condition 5(B).

Appears in 1 contract

Sources: Third Issuer Paying Agent and Agent Bank Agreement (Permanent Mortgages Trustee LTD)