Initial Paying Agent definition

Initial Paying Agent means Citibank, N.A., London Branch and any successor thereto or replacement thereof.
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Initial Paying Agent has the meaning set forth in Section 2.4(d).
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Initial Paying Agent shall have the meaning set forth in Section 2.11(d). “Immunities Act” shall have the meaning set forth in Section 10.7(c).
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Examples of Initial Paying Agent in a sentence

  • Unless otherwise specified in the related Supplement for any Series and with respect to such Series, the Paying Agent shall initially be Chase Manhattan Bank (Ireland) plc and any co-paying agent chosen by Chase Manhattan Bank (Ireland) plc Each Paying Agent other than the Initial Paying Agent shall have a combined capital and surplus of at least $100,000,000.

  • The predefined deterministic interaction mecha- nism aims to reduce time-consuming manual recon- ciliations and thus enable significantly shorter issue times.The advantages can be categorized as follows: – Streamlined processes: By using the functionality, services provided by traditional intermediaries (such as the Initial Paying Agent [IPA]) can be digitized, which eliminates friction-laden cross-company process chains.

  • The Issuer initially appoints The Bank of New York, London as Paying Agent ("Initial Paying Agent"), transfer agent and Registrar and, so long as the Notes are listed on the Luxembourg Stock Exchange, the Issuer will appoint The Bank of New York (Luxembourg) S.A., or such other person with an office in Luxembourg and reasonably acceptable to the Trustee, Paying Agent in Luxembourg, where payments may also be made.

  • The Issuer initially appoints The Bank of New York, London as Paying Agent ("Initial Paying Agent"), transfer agent and Registrar and, so long as the Notes are listed on the Luxembourg Stock Exchange, the Issuer will appoint The Bank of New York (Luxembourg) S.A., or such other person with an officer in Luxembourg and reasonably acceptable to the Trustee.

  • The Issuer shall require each Paying Agent and the Initial Paying Agent to agree in writing that each Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, Additional Amounts, if any, premium, if any, or interest on, the Notes, and shall promptly notify the Trustee of any Default by the Issuer in making any such payment.

  • Each Paying Agent other than the Initial Paying Agent shall have a combined capital and surplus of at least $100,000,000.


More Definitions of Initial Paying Agent

Initial Paying Agent means the person initially designated as Paying Agent pursuant to the Sale and Servicing Agreement.
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