Payments by the Paying Agent. At or before the close of business on the Delivery Date and upon receipt by the Paying Agent of the Purchase Price of the Tendered Bonds that are delivered to it, the Paying Agent shall pay the Purchase Price of the Bonds to the registered owners thereof as provided in the applicable form of Bonds. The Paying Agent shall apply in order, first, moneys paid to it by the Remarketing Agent or by new purchasers of the Bonds tendered as proceeds of the remarketing of such Bonds by the Remarketing Agent, second, but only with respect to Bonds supported by the Credit Facility, moneys drawn on the Credit Facility for the purpose of purchasing Tendered Bonds (including amounts drawn on the Credit Facility to pay accrued interest on the Tendered Bonds), and third, moneys paid to it by the Company. If sufficient funds are not available for the purchase of all Bonds tendered on any Delivery Date, no purchase shall be consummated.
Payments by the Paying Agent. The Fiscal Agent or Paying Agent acting through its respective Specified Office shall make payments of interest or, as the case may be, principal in respect of Covered Bonds in accordance with the Conditions applicable thereto (and, in the case of a Temporary Global Covered Bond, a Permanent Global Covered Bond, or a Global Registered Covered Bond, the terms thereof) provided, however, that:
Payments by the Paying Agent. No Obligation) if the Paying Agent makes a payment in respect of Covered Bonds at a time at which the Fiscal Agent has not received the full amount of the relevant payment due to it under Clause 7.1 (Issuer to pay Fiscal Agent), and the Fiscal Agent is not able out of the funds received by it under Clause 7.1 (Issuer to pay Fiscal Agent) to reimburse the Paying Agent therefor (whether by payment under Clause 8.3 (Reimbursement by the Fiscal Agent) or appropriation under Clause 8.4 (Appropriation by Fiscal Agent)), the Issuer shall from time to time on demand pay to the Fiscal Agent for the account of the Paying Agent:
Payments by the Paying Agent. 5.1 Subject to the receipt by it in full of the relevant funds pursuant to and in accordance with sub- clause 4.1, the Paying Agent shall forward the relevant funds to the Clearing System or to its order for credit to the accounts of the relevant account holders of the Clearing System.
Payments by the Paying Agent. On the date set for purchase of tendered Tax Exempt Bonds, and upon receipt by the Paying Agent of 100% of the aggregate Purchase Price of the tendered Tax Exempt Bonds, and at or before 3:00 p.m., New York City time, the Paying Agent shall pay the purchase price of such Bonds to the Registered Owners thereof. Such payments shall be made in immediately available funds (or by wire transfer) unless the Tax Exempt Bonds bear interest at Semiannual or Term Rates, in which event such payments shall be made in next day funds. The Paying Agent shall apply in order (A) moneys paid to it by the Remarketing Agent as proceeds of the remarketing of such Tax Exempt Bonds by the Remarketing Agent, and (B) other moneys made available by the Company. If sufficient funds are not available for the purchase of all tendered Tax Exempt Bonds, no purchases shall be consummated, all as further set forth in Section 4.5 hereof.
Payments by the Paying Agent. At or before 4:30 p.m., New York City time, on the Purchase Date for tendered Bonds and upon receipt by the Paying Agent of 100% of the aggregate Purchase Price of the tendered Bonds, the Paying Agent shall pay the Purchase Price of such Bonds to the Registered Owners thereof. Such payments shall be made in immediately available funds (or by wire transfer). The Paying Agent shall make payment of the Purchase Price by applying in order of priority (A) first, moneys paid to it by the Remarketing Agent as proceeds of the remarketing of such Bonds by the Remarketing Agent, (B) second, proceeds of a drawing on the Letter of Credit, and (C) third, other moneys made available by the Company.
Payments by the Paying Agent. Unless specifically allocated to a Bank Investor pursuant to the terms of this Agreement, all amounts received by the Paying Agent on behalf of the Bank Investors shall be paid by the Paying Agent to the Bank Investors (at their respective accounts specified to the Paying Agent) in accordance with their respective related pro rata interests in the Net Investment on the Business Day received by the Paying Agent, unless such amounts are received after 12:00 noon on such Business Day, in which case the Paying Agent shall use its reasonable efforts to pay such amounts to the Bank Investors on such Business Day, but, in any event, shall pay such amounts to the Bank Investors in accordance with their respective related pro rata interests in the Net Investment not later than the following Business Day.
