Common use of Appointment of Paying Agent and Security Registrar Clause in Contracts

Appointment of Paying Agent and Security Registrar. The Company is hereby appointed to act as Paying Agent and Security Registrar subject to and in accordance with the terms and conditions set forth herein and in the Original Indenture and shall have all of the rights, benefits and immunities of a Paying Agent and Security Registrar as set forth herein and therein.