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under the Conditions and (ii) a payment made after the due date or where theas a result of the Notes are becoming repayable early will be satisfiedpursuant to Master Condition 8 (Redemption and Purchase) shall be deemed to have been made when the full amount due has been received by the Issuing and Paying Agent or the Trustee and notice to that effect has been given to the Noteholders (if required under Clause 7.1.14), except to the extent that there is a failure in its unless not subsequently paid payment to the relevant Noteholders or Couponholders under the Conditions. This covenant shall only have effect each time Notes are issued and outstanding, when The Trustee shall, upon execution of the relevant Issue Deed, holds the benefit of this covenant on trust for itself and the Noteholders and Couponholders of the relevant Series according to their respective interests.	Covenant to Pay: The Issuer shall, when any payment of principal becomes due unconditionally pay it to the Trustee in the Contractual Currency and shall unconditionally pay interest as set out in the Conditions. Payment to the Issuing and Paying Agent shall satisfy such obligation unless it is not paid to the holders Payment made after the due date or where the Notes are repayable early will be satisfied when received by the Issuing and Paying Agent unless not subsequently paid to the holders. The Trustee holds this covenant on trust for itself and the holders.