Rules by Trustee, Paying Agent or Registrar Clause Samples
The "Rules by Trustee, Paying Agent or Registrar" clause authorizes these parties to establish reasonable rules and procedures for carrying out their duties under the agreement. In practice, this may include setting guidelines for processing payments, handling transfers of securities, or managing record-keeping requirements. The core function of this clause is to ensure smooth and consistent administration of the agreement by empowering these agents to address operational details and resolve practical issues as they arise.
Rules by Trustee, Paying Agent or Registrar. The Trustee may make reasonable rules for action by or at a meeting of Holders. The Paying Agent or Registrar may make reasonable rules for its functions.
Rules by Trustee, Paying Agent or Registrar. Payment Date Other Than a Business Day
Rules by Trustee, Paying Agent or Registrar. 59 SECTION 10.06. PAYMENT DATE OTHER THAN A BUSINESS DAY................................................ 59 SECTION 10.07. GOVERNING LAW......................................................................... 59 SECTION 10.08. NO ADVERSE INTERPRETATION OF OTHER AGREEMENTS......................................... 59 SECTION 10.09. NO RECOURSE AGAINST OTHERS............................................................ 59 SECTION 10.10. SUCCESSORS............................................................................ 60