Common use of Repayment of Funds Held by Paying Agent Clause in Contracts

Repayment of Funds Held by Paying Agent. In connection with the satisfaction and discharge of the Indenture, all funds then held by any Paying Agent under the provisions of the Indenture shall, upon demand of the Trust, be repaid to the Trust or paid to the Indenture Trustee and thereupon such Paying Agent shall be released from all further liability with respect to such funds.

Appears in 4 contracts

Samples: Administrative Services Agreement (Allstate Life Insurance Co), Administrative Services Agreement (Allstate Life Insurance Co), Administrative Services Agreement (Allstate Life Global Funding)

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