Payment Agents Clause Samples
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Payment Agents. Whenever the Issuer shall appoint a paying agent other than the Trustee with respect to the Securities of any series, it will cause such paying agent to execute and deliver to the Trustee an instrument in which such agent shall agree with the Trustee, subject to the provisions of this Section 3.05,
(a) that it will comply with the provisions of the Trust Indenture Act applicable to it as a paying agent,
(b) that it will hold all sums received by it as such agent for the payment of the principal of or interest, if any, on the Securities of such series (whether such sums have been paid to it by the Issuer or by any other obligor on the Securities of such series) in trust for the benefit of the Holders of the Securities of such series or of the Trustee,
(c) that it will give the Trustee notice of any failure by the Issuer (or by any other obligor on the Securities of such series) to make any payment of the principal of or interest on the Securities of such series when the same shall be due and payable, and
(d) that it will pay any such sums so held in trust by it to the Trustee upon the Trustee’s written request at any time during the continuance of the failure referred to in clause (c) above. The Issuer will, on the Business Day prior to each due date of the principal of or interest, if any, on the Securities of such series, deposit with the paying agent a sum sufficient to pay such principal or interest so becoming due, and (unless such paying agent is the Trustee) the Issuer will promptly notify the Trustee in writing of any failure to take such action. If the Issuer shall act as paying agent with respect to the Securities of any series, it will, on or before each due date of the principal of or interest, if any, on the Securities of such series, set aside, segregate and hold in trust for the benefit of the Holders of the Securities of such series a sum sufficient to pay such principal or interest so becoming due. The Issuer will promptly notify the Trustee in writing of any failure to take such action. Anything in this Section 3.05 to the contrary notwithstanding, the Issuer may at any time, for the purpose of obtaining a satisfaction and discharge with respect to one or more or all series of Securities hereunder, or for any other reason, pay or cause to be paid to the Trustee all sums held in trust for any such series by the Issuer or any paying agent hereunder, as required by this Section 3.05, such sums to be held by the Trustee upon the trusts herein ...
Payment Agents. Where We agree with You for payment of the fees (or any portion thereof) to be made by a third party including but not limited to finance providers (the “Payment Agent”), You will provide Us with sufficient, clear details of the Payment Agent, so as to facilitate appropriate invoicing. This will include the amount(s) to be paid (the “Financed Charges”), the Payment Agent’s legal name and company number, the billing address, and relevant contact(s). Subject to receipt of all required information in a timely fashion, We will invoice the Payment Agent for the Financed Charges, and the Payment Agent will pay Us on Your behalf. Any amounts due under the Agreement which are not part of the Financed Charges will be billed directly to You. In the event of non-payment by the Payment Agent, We shall invoice You for the full amount. For the avoidance of doubt, Our acceptance of payment from the Payment Agent does not grant the Payment Agent any rights under the Agreement.
Payment Agents. AGENT’S NAME CODE Corporate taxpayer’s ID (CNPJ) NOTIFICATION