Common use of Reimbursement by Issuer Clause in Contracts

Reimbursement by Issuer. If the Agent pays any amounts to the holders of Securities or to any other Paying Agent at a time when it has not received payment in full in respect of the relevant Securities (the excess of the amounts so paid over the amounts so received being the "Shortfall"), the Issuer will, in addition to paying amounts due, pay to the Agent on demand interest (at the rate per annum specified by the Paying Agent as reflecting its cost of funds for the time being in relation to the unpaid amount) on the Shortfall (or the unreimbursed portion thereof) until the receipt in full by the Agent of the Shortfall. For the avoidance of doubt, the Agent is not obliged to make any payment on the Securities, unless and until it has received the full amount of the payment according to the terms of this Agreement.

Reimbursement by Issuer. If the Agent pays any amounts to the holders of Securities Note or to any other Paying Agent at a time when it has not received payment in full in respect of the relevant Securities Note (the excess of the amounts so paid over the amounts so received being the "Shortfall"), the Issuer will, in addition to paying amounts due, pay to the Agent on demand interest (at the rate per annum specified by the Paying Agent as reflecting its cost of funds for the time being in relation to the unpaid amount) on the Shortfall (or the unreimbursed portion thereof) until the receipt in full by the Agent of the Shortfall. For the avoidance of doubt, the Agent is not obliged to make any payment on the SecuritiesNote, unless and until it has received the full amount of the payment according to the terms of this Agreement.

Reimbursement by Issuer. If the Agent pays any amounts to the holders of Securities Notes or to any other Paying Agent at a time when it has not received payment in full in respect of the relevant Securities Notes (the excess of the amounts so paid over the amounts so received being the "Shortfall"), the Issuer will, in addition to paying amounts due, pay to the Agent on demand interest (at the rate per annum specified by the Paying Agent as reflecting its cost of funds for the time being in relation to the unpaid amount) on the Shortfall (or the unreimbursed portion thereof) until the receipt in full by the Agent of the Shortfall. For the avoidance of doubt, the Agent is not obliged to make any payment on the SecuritiesNotes, unless and until it has received the full amount of the payment according to the terms of this Agreement.

Reimbursement by Issuer. If the Agent pays any amounts to the holders of Securities or to any other Paying Agent at a time when it has not received payment in full in respect of the relevant Securities (the excess of the amounts so paid over the amounts so received being the "“Shortfall"”), the Issuer will, in addition to paying amounts due, pay to the Agent on demand interest (at the rate per annum specified by the Paying Agent as reflecting its cost of funds for the time being in relation to the unpaid amount) on the Shortfall (or the unreimbursed portion thereof) until the receipt in full by the Agent of the Shortfall. For the avoidance of doubt, the Agent is not obliged to make any payment on the Securities, unless and until it has received the full amount of the payment according to the terms of this Agreement.