Common use of Presentment Clause in Contracts

Presentment. The Global Agent shall pay any amounts due on Definitive Notes at the maturity thereof or upon early redemption solely upon presentment. The Global Agent may, without liability to the Issuer, refuse to pay any Note that would result in an overdraft to the account in which the Global Agent holds funds for the payment of the Notes.

Presentment. The Global Agent shall pay any amounts due on Definitive Notes at the maturity thereof or upon early redemption thereof solely upon presentmentpresentment and surrender of such Notes at the Corporate Trust Office of the Global Agent or such other location as specified by the Global Agent. The Global Agent may, without liability to the Issuer, refuse to pay any Note that would result in an overdraft to the account in which the Global Agent holds funds for the payment of the Notes.

Presentment. The Global Agent shall pay any amounts due on Class B Definitive Notes and Class M Definitive Notes at the maturity thereof or upon early redemption solely upon presentment. The Global Agent may, without liability to the Issuer, refuse to pay any Note that would result in an overdraft to the account in which the Global Agent holds funds for the payment of the Notes.