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 Master Issuer Note or a Definitive 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 Master Issuer Note, the Registrar shall, in respect of such Global Master Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Notes, the Registrar shall annotate the Register with such details. (b) If the Master Issuer intends to redeem all (but not some only) of any Series and Class (or Sub-Class) of Master Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of Condition 5.4, 5.5 or 5.6 (as 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 5 and stating the date on which such 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. (c) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Master Issuer publish the notices required in connection with such redemption. (d) In the case of a partial redemption of any Series and Class (or Sub-Class) of Master Issuer Notes in accordance with Condition 5.2, the principal amount of 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 5.2.
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 Master Ninth Issuer Note or a Definitive Ninth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under Clause 6.16.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Master Ninth Issuer Note, the Registrar shall, in respect of such Global Master Ninth Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Ninth Issuer Notes, the Registrar shall annotate the Register with such details.
(bi) If the Master Ninth Issuer intends to redeem all (but not some only) of any Series and Class (or Sub-Class) class of Master the Ninth Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of Condition 5.4, 5.5 5(D) or 5.6 (as set forth in the Base ProspectusE), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Master Ninth Issuer Security Trustee, the Note Trustee and the Noteholders in accordance with the relevant paragraphs of Condition 5 and stating the date on which such Series and Class (or Sub-Class) of Master 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.
(cii) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Master Ninth Issuer publish the notices required in connection with such redemption.
(dc) In the case of a partial redemption of any Series and Class (or Sub-Class) class of Master the Ninth Issuer Notes in accordance with Condition 5.25(B), the principal amount of such Series and Class (or Sub-Class) of the Ninth Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with Condition 5.25(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 Master 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 6.1CLAUSE 6.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Master Eighth Issuer Note, the Registrar shall, in respect of such Global Master 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.
(bi) If the Master Eighth Issuer intends to redeem all (but not some only) of any Series and Class (or Sub-Class) class of Master the Eighth Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of Condition 5.4, 5.5 CONDITION 5(D) or 5.6 (as set forth in the Base ProspectusE), 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 Series and Class (or Sub-Class) of Master 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.
(cii) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Master Eighth Issuer publish the notices required in connection with such redemption.
(dc) In the case of a partial redemption of any Series and Class (or Sub-Class) class of Master the Eighth Issuer Notes in accordance with Condition 5.2CONDITION 5(B), the principal amount of such Series and Class (or Sub-Class) 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 5.2CONDITION 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 Master Seventh Issuer Note or a Definitive Seventh Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under Clause 6.1CLAUSE 6.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Master Seventh Issuer Note, the Registrar shall, in respect of such Global Master Seventh Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Seventh Issuer Notes, the Registrar shall annotate the Register with such details.
(bi) If the Master Seventh Issuer intends to redeem all (but not some only) of any Series and Class (or Sub-Class) class of Master the Seventh Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of Condition 5.4, 5.5 CONDITION 5(D) or 5.6 (as set forth in the Base ProspectusE), 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 Series and Class (or Sub-Class) of Master 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.
(cii) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Master Seventh Issuer publish the notices required in connection with such redemption.
(dc) In the case of a partial redemption of any Series and Class (or Sub-Class) class of Master the Seventh Issuer Notes in accordance with Condition 5.2CONDITION 5(B), the principal amount of such Series and Class (or Sub-Class) of the Seventh Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with Condition 5.2CONDITION 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 Master Sixth Issuer Note or a Definitive Sixth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under Clause 6.1CLAUSE 6.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Master Sixth Issuer Note, the Registrar shall, in respect of such Global Master Sixth Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Sixth Issuer Notes, the Registrar shall annotate the Register with such details.
(bi) If the Master Sixth Issuer intends to redeem all (but not some only) of any Series and Class (or Sub-Class) class of Master the Sixth Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of Condition 5.4, 5.5 CONDITION 5(D) or 5.6 (as set forth in the Base ProspectusE), 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 Series and Class (or Sub-Class) of Master 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.
(cii) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Master Sixth Issuer publish the notices required in connection with such redemption.
(dc) In the case of a partial redemption of any Series and Class (or Sub-Class) class of Master the Sixth Issuer Notes in accordance with Condition 5.2CONDITION 5(B), the principal amount of such Series and Class (or Sub-Class) of the Sixth Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with Condition 5.2CONDITION 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 Master Sixth Issuer Note or a Definitive Sixth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under Clause 6.1CLAUSE 6.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Master Sixth Issuer Note, the Registrar shall, in respect of such Global Master Sixth Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Sixth Issuer Notes, the Registrar shall annotate the Register with such details.
(bi) If the Master Sixth Issuer intends to redeem all (but not some only) of any Series and Class (or Sub-Class) class of Master the Sixth Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of Condition 5.4, 5.5 CONDITION 5(D) or 5.6 (as set forth in the Base ProspectusE), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Master Sixth 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 Series and Class (or Sub-Class) of Master 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.
(cii) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Master Sixth Issuer publish the notices required in connection with such redemption.
(dc) In the case of a partial redemption of any Series and Class (or Sub-Class) class of Master the Sixth Issuer Notes in accordance with Condition 5.2CONDITION 5(B), the principal amount of such Series and Class (or Sub-Class) of the Sixth Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with Condition 5.2CONDITION 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 Master Fourth Issuer Note or a Definitive Fourth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under Clause 6.1CLAUSE 6.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Master Fourth Issuer Note, the Registrar shall, in respect of such Global Master Fourth Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Fourth Issuer Notes, the Registrar shall annotate the Register with such details.
(bi) If the Master Fourth Issuer intends to redeem all (but not some only) of any Series and Class (or Sub-Class) class of Master the Fourth Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of Condition 5.4, 5.5 5(D) or 5.6 (as set forth in the Base ProspectusE), 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 5 and stating the date on which such Series and Class (or Sub-Class) of Master 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.
(ci) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Master Fourth Issuer publish the notices required in connection with such redemption.
(dc) In the case of a partial redemption of any Series and Class (or Sub-Class) class of Master the Fourth Issuer Notes in accordance with Condition 5.25(B), the principal amount of such Series and Class (or Sub-Class) of the Fourth Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with Condition 5.25(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 Master Fifth Issuer Note or a Definitive Fifth Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under Clause 6.1CLAUSE 6.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Master Fifth Issuer Note, the Registrar shall, in respect of such Global Master Fifth Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Fifth Issuer Notes, the Registrar shall annotate the Register with such details.
(bi) If the Master Fifth Issuer intends to redeem all (but not some only) of any Series and Class (or Sub-Class) class of Master the Fifth Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of Condition 5.4, 5.5 5(D) or 5.6 (as set forth in the Base ProspectusE), 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 5 and stating the date on Noteholders in accordance which such Series and Class (or Sub-Class) of Master 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.
(cii) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Master Fifth Issuer publish the notices required in connection with such redemption.
(dc) In the case of a partial redemption of any Series and Class (or Sub-Class) class of Master the Fifth Issuer Notes in accordance with Condition 5.25(B), the principal amount of such Series and Class (or Sub-Class) of the Fifth Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with Condition 5.25(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 Master Issuer Note or a Definitive 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 Master Issuer Note, the Registrar shall, in respect of such Global Master Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Notes, the Registrar shall annotate the Register with such details.
(bi) If the Master Issuer intends to redeem all (but not some only) of any Series and Class (or Sub-Class) of Master Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of Condition 5.4, 5.5 or 5.6 (as set forth in the Base Prospectus), it shall give not more than 60 nor less than 30 days' β 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 5 and stating the date on which such 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.
(cii) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Master Issuer publish the notices required in connection with such redemption.
(dc) In the case of a partial redemption of any Series and Class (or Sub-Class) of Master Issuer Notes in accordance with Condition 5.2, the principal amount of 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 5.2.
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 Master Seventh Issuer Note or a Definitive Seventh Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under Clause 6.16.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Master Seventh Issuer Note, the Registrar shall, in respect of such Global Master Seventh Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Seventh Issuer Notes, the Registrar shall annotate the Register with such details.
(bi) If the Master Seventh Issuer intends to redeem all (but not some only) of any Series and Class (or Sub-Class) class of Master the Seventh Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of Condition 5.4, 5.5 5(D) or 5.6 (as set forth in the Base ProspectusE), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Master Seventh Issuer Security Trustee, the Note Trustee and the Noteholders in accordance with the relevant paragraphs of Condition 5 and stating the date on which such Series and Class (or Sub-Class) of Master 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.
(ci) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Master Seventh Issuer publish the notices required in connection with such redemption.
(dc) In the case of a partial redemption of any Series and Class (or Sub-Class) class of Master the Seventh Issuer Notes in accordance with Condition 5.25(B), the principal amount of such Series and Class (or Sub-Class) of the Seventh Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with Condition 5.25(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 Master Issuer Note or a Definitive Note (as the case may be) if it has not received the full amount of any payment due to it under Clause 6.16.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Master Issuer Note, the Registrar shall, in respect of such Global Master Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Notes, the Registrar shall annotate the Register with such details.
(bi) If the Master Issuer intends to redeem all (but not some only) of any Series and Class (or Sub-Class) of Master Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of Condition 5.4, 5.5 or 5.6 (as 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 5 and stating the date on which such 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.
(cii) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Master Issuer publish the notices required in connection with such redemption.
(dc) In the case of a partial redemption of any Series and Class (or Sub-Class) of Master Issuer Notes in accordance with Condition 5.2, the principal amount of 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 5.2.
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 Master Second Issuer Note or a Definitive Second Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under Clause 6.1CLAUSE 6.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Master Second Issuer Note, the Registrar shall, in respect of such Global Master Second Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Second Issuer Notes, the Registrar shall annotate the Register with such details.
(bi) If the Master Second Issuer intends to redeem all (but not some only) of any Series and Class (or Sub-Class) class of Master the Second Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of Condition 5.4, 5.5 CONDITION 5(D) or 5.6 (as set forth in the Base ProspectusE), 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 Series and Class (or Sub-Class) of Master 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.
(cii) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Master Second Issuer publish the notices required in connection with such redemption.
(dc) In the case of a partial redemption of any Series and Class (or Sub-Class) class of Master the Second Issuer Notes in accordance with Condition 5.2CONDITION 5(B), the principal amount of such Series and Class (or Sub-Class) of the Second Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with Condition 5.2CONDITION 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 Master Third Issuer Note or a Definitive Third Issuer Note (as the case may be) if it has not received the full amount of any payment due to it under Clause 6.16.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Master Third Issuer Note, the Registrar shall, in respect of such Global Master Third Issuer Note, endorse thereon a statement indicating the amount and date of such payment and in respect of Definitive Third Issuer Notes, the Registrar shall annotate the Register with such details.
(bi) If the Master Third Issuer intends to redeem all (but not some only) of any Series and Class (or Sub-Class) class of Master the Third Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of Condition 5.4, 5.5 5(D) or 5.6 (as set forth in the Base ProspectusE), 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 5 and stating the date on which such Series and Class (or Sub-Class) of Master 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.
(cii) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Master Third Issuer publish the notices required in connection with such redemption.
(dc) In the case of a partial redemption of any Series and Class (or Sub-Class) class of Master the Third Issuer Notes in accordance with Condition 5.25(B), the principal amount of such Series and Class (or Sub-Class) of the Third Issuer Notes being partially redeemed on an Interest Payment Date shall be redeemed on a pro rata basis in accordance with Condition 5.25(B).
Appears in 1 contract
Sources: Third 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 Master 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 6.16.
1. If at any time and for any reason the Principal Paying Agent makes a partial payment in respect of a Global Master Eighth Issuer Note, the Registrar shall, in respect of such Global Master 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.
(bi) If the Master Eighth Issuer intends to redeem all (but not some only) of any Series and Class (or Sub-Class) class of Master the Eighth Issuer Notes prior to their stated maturity date pursuant to and in accordance with the terms of Condition 5.4, 5.5 5(D) or 5.6 (as set forth in the Base ProspectusE), it shall give not more than 60 nor less than 30 days' written notice of such intention to the Master Eighth Issuer Security Trustee, the Note Trustee and the Noteholders in accordance with the relevant paragraphs of Condition 5 and stating the date on which such Series and Class (or Sub-Class) of Master 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.
(cii) The Principal Paying Agent shall promptly and in accordance with the Conditions on behalf of and at the expense of the Master Eighth Issuer publish the notices required in connection with such redemption.
(dc) In the case of a partial redemption of any Series and Class (or Sub-Class) class of Master the Eighth Issuer Notes in accordance with Condition 5.25(B), the principal amount of such Series and Class (or Sub-Class) 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 5.25(B).
Appears in 1 contract
Sources: Eighth Issuer Paying Agent and Agent Bank Agreement (Holmes Financing No 8 PLC)