Common use of Paying Agent Services Clause in Contracts

Paying Agent Services. The bank will handle all transactions entailed in the provision of paying agent services to Belgian and foreign companies, such as the payment of coupons and redeemable securities, the acceptance of securities for the purpose of attendance at general meetings of shareholders, distribution of bonus shares or of any balances on liquidation, exchanges and the like. In order to fulfil these tasks, the bank has to be provided with the necessary information by the companies concerned. The terms and conditions governing this service will be laid down in a separate agreement.

Paying Agent Services. 50 The bank will handle all transactions entailed in the provision of paying agent services to Belgian and foreign companies, such as the payment of coupons and redeemable securities, the acceptance of securities for the purpose of attendance at general meetings of shareholders, distribution of bonus shares or of any balances on liquidation, exchanges and the like. In order to fulfil these tasks, the bank has to be provided with the necessary information by the companies concerned. The terms and conditions governing this service will be laid down in a separate agreement.