Payment to the Principal Paying Agent. 4.1 The Issuer shall, not later than 10.00 a.m. (Milan time) on each date on which any payment of principal, premium and/or interest in respect of any of the Securities becomes due, transfer to an account specified by the Principal Paying Agent such amount of euro as shall be sufficient for the purposes of the payment of principal, premium and/or interest in immediately available funds.
Payment to the Principal Paying Agent. 4.1 The Issuer or, failing the Issuer, the Guarantor shall, by no later than 10.00 a.m. (London time) on the day on which any payment of principal, premium or interest in respect of any of the Notes becomes due under the Conditions, transfer to an account specified by the Principal Paying Agent such amount of Pounds Sterling as shall be sufficient for the purposes of the payment of principal, premium and/or interest in immediately available funds.
Payment to the Principal Paying Agent. 4.1 The Issuer shall, not later than 10.00 a.m. on each date on which any payment of principal and/or interest in respect of any of the Notes becomes due under the Conditions, transfer to an account specified sufficiently in advance by the Principal Paying Agent such amount of euros as shall be sufficient for the purposes of the payment of principal and/or interest in immediately available funds.
Payment to the Principal Paying Agent. Subject to Clause 5.12, the lssuer shall (i) by 3:00 p.m. (local time in the city of the Principal Paying Agent’s Specified Office) two Business Days prior to any date on which any payment in respect of the Notes is scheduled to become due, procure that the bank through which payment to the Principal Paying Agent required by this Clause 5.1 is to be made shall irrevocably confirm payment details to the Principal Paying Agent by authenticated SWIFT message and (ii) one Business Day prior to any date on which any payment in respect of the Notes becomes due, transfer to the Principal Paying Agent such amount as may be required for the purposes of such payment. In this Clause, the date on which a payment in respect of the Notes becomes due means the first date on which the holder of a Note could claim the relevant payment by transfer to an account under the Conditions.
Payment to the Principal Paying Agent. By no later than 8.00 PM CET on the date preceding each date on which any payment in respect of the Notes becomes due, transfer to the Principal Paying Agent such amount as may be required for the purposes of such payment. In this Clause, the date on which a payment in respect of the Notes becomes due means the first date on which the holder of a Note or Coupon could claim the relevant payment by transfer to an account under the Conditions, but disregarding the necessity for it to be a Business Day in any particular place of presentation. The Fiscal Agent shall give written notice to the Issuer, not less than 10 Business Days prior to each date on which any payment in respect of any Notes becomes due of the amount due in respect of such Notes on such date and the account into which such amount should be paid.
Payment to the Principal Paying Agent. 6.1 In order to provide for the payment of the Dissolution Amount and the Periodic Distribution Amounts in respect of each Series of Trust Certificates as the same become due and payable, the relevant Trustee shall pay or cause to be paid to the Principal Paying Agent, on the relevant Dissolution Date or each Periodic Distribution Date of the relevant Series, as the case may be, an amount equal to the relevant Dissolution Amount or the relevant Periodic Distribution Amount falling due and payable (pursuant to the Conditions) on such date. The Principal Paying Agent shall notify the relevant Trustee and the IsDB in the event that in respect of the relevant Dissolution Date and any Periodic Distribution Date in respect of any Series, as the case may be, the full amount of the relevant Dissolution Amount and/or relevant Periodic Distribution Amount (as the case may be) falling due on such Dissolution Date or on such Periodic Distribution Date is not received by it in cleared funds by 4.00 p.m. (London time) on such day (which notice shall specify the amount of any shortfall between the amount so falling due and the amount actually received).
Payment to the Principal Paying Agent. The Issuer (or, in default, the Guarantor) shall by 10.00 a.m. (London time) on the Business Day (in the place of the Principal Paying Agent) prior to each date on which any payment in respect of the Bonds becomes due, transfer to the Principal Paying Agent, or to its order in accordance with Clause 4.6, such amount as may be required for the purposes of such payment. The Issuer or, as the case may be, the Guarantor shall procure that the bank through which the payment to the Principal Paying Agent is to be made shall irrevocably confirm to the Principal Paying Agent by 11.00 a.m. (London time) on the second Business Day (in the place of the Principal Paying Agent) before the due date for any such payment that such payment will be made, In this Clause 4.1, the date on which a payment in respect of the Bonds becomes due means the date on which the relevant payment becomes due under the Conditions.
Payment to the Principal Paying Agent. The Bank shall act as Principal Paying Agent with respect to the Notes until such time as the Company varies such appointment. On the Record Date with respect to any payment due in respect of the Notes, the Principal Paying Agent shall obtain from the Registrar the principal amount of Notes represented by the Restricted Global Note and the principal amount of Notes represented by the Unrestricted Global Note and shall, on the Record Date, notify the Company as to the amount of such payment to be made to the Principal Paying Agent. In order to provide for the payments due in respect of the Notes outstanding on the Record Date, the Company shall unconditionally pay, or cause to be paid, to the Principal Paying Agent, for value on the second Business Day prior to the date such amounts in respect of the Notes are due, an amount in Japanese Yen sufficient (together with any funds then held by or on behalf of the Principal Paying Agent which are available for such purpose) to pay the amount due in respect of the Restricted Global Note and the Unrestricted Global Note in accordance with this Agreement and as provided in the preceding paragraph. Funds received by the Principal Paying Agent shall not be invested. The Company may make payment of any cash amounts due on conversion of Notes through the Principal Paying Agent. In such event, the Principal Paying Agent shall effect such payment promptly following receipt from the Company. In the event the Notes are issued as definitive certificates and not in the form of Global Notes, payments may be effected through the Luxembourg Paying and Conversion Agent. The Company hereby authorizes and directs the Principal Paying Agent, from the amounts paid to it, to transfer any or all such amounts to the Luxembourg Paying and Conversion Agent and authorizes and directs the Luxembourg Paying and Conversion Agent, from the amounts so transferred to it, to make payment on the Notes, as specified in Clause 4.03 below, on the relevant payment date as set forth in the Terms and Conditions, and the Luxembourg Paying and Conversion Agent shall ensure that such payments are credited to the respective recipients in a timely manner.
Payment to the Principal Paying Agent. Unless the Issuer has notified the Principal Paying Agent that, in accordance with Section 9.3 of the Indenture it will act as its own paying agent, in order to provide for the payment due in respect of the Notes, the Issuer, failing whom the Guarantors, shall unconditionally pay or procure to be paid to the Principal Paying Agent or, in the case of the DTC Restricted Global Note where the Holder has not elected to receive Euros in accordance with Section 2.15 of the Indenture, to the U.S. Paying Agent, for immediate value within the time period set forth in Section 2.15 of the Indenture, an amount sufficient (together with any funds then held by the Principal Paying Agent which are available for such purpose) to pay the amount due in respect of the Notes. In the case of a DTC Restricted Global Note where the Holder has not elected to receive Euros, the U.S. Paying Agent will convert any payments in U.S. dollars prior to payment in accordance with the provisions of Section 2.15 of the Indenture.
Payment to the Principal Paying Agent. 4.1 The Issuer or, failing the Issuer, the Guarantors shall, not later than 10.00 a.m. (Milan time) on each date on which any payment of principal and/or interest in respect of any of the Notes becomes due, transfer to an account specified by the Principal Paying Agent such amount of euro as shall be sufficient for the purposes of the payment of principal and/or interest in immediately available, freely transferable, cleared funds. Any payment in euro shall be settled through the TARGET2 System.
