Common use of Xxxxxx and Place of Payment Clause in Contracts

Xxxxxx and Place of Payment. (a) Except to the extent otherwise provided herein, all payments to be made by the Issuer to the Debenture Holders in terms of the Debenture Documents shall be made directly to the Debenture Holders in their respective bank accounts, as notified by the Debenture Holders/Debenture Trustee to the Issuer at the time of becoming a Debenture Holder or such other place or such other account as notified by the Debenture Trustee/Debenture Holder to the Issuer in writing from time to time but in any case no later than the Record Date with respect to each Debenture Payment Date. Such payments shall be made by real time gross settlement (RTGS) or national electronic funds transfer (NEFT) to the account of the Debenture Holders. Payments shall not be made by cash or cheques.