Paying Agent definition

Paying Agent means any Person authorized by the Company to pay the principal of or any premium or interest on any Securities on behalf of the Company.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Paying Agent means any Person authorized by the Company to pay the principal of (and premium, if any) or interest on any Securities on behalf of the Company.

Paying Agent means the Indenture Trustee or any other Person that meets the eligibility standards for the Indenture Trustee set forth in Section 6.11 of the Indenture and is authorized by the Issuer to make the payments of principal of or interest on the Notes on behalf of the Issuer.

Examples of Paying Agent in a sentence

• In the absence of bad faith on the part of the Companion Paying Agent, the Companion Paying Agent may conclusively rely, as to the truth and correctness of the statements or conclusions expressed therein, upon any resolutions, certificates, statements, opinions, reports, documents, orders or other instrument furnished to the Companion Paying Agent by any Person and which on their face do not contradict the requirements of this Agreement.

• The Companion Paying Agent shall not be liable except for the performance of such duties and obligations, no implied covenants or obligations shall be read into this Agreement against the Companion Paying Agent.

• The Companion Paying Agent undertakes to perform such duties and only such duties as are specifically set forth in this Agreement.

• The Companion Paying Agent shall have no liability to any Person for the provision of any such name and address.

• The Companion Paying Agent shall promptly provide the name and address of the Serviced Companion Noteholder to any party hereto or any successor Serviced Companion Noteholder upon written request and any such Person may, without further investigation, conclusively rely upon such information.

More Definitions of Paying Agent

Paying Agent has the meaning provided in Section 2.03.

Paying Agent means any Person (including the Company acting as Paying Agent) authorized by the Company to pay the principal of (and premium, if any) or interest on any Notes on behalf of the Company.

Paying Agent shall have the meaning specified in Section 4.02.

Paying Agent means any Person authorized by the Issuer to pay the principal of (and premium, if any) or interest on any Note on behalf of the Issuer.

Paying Agent has the meaning set forth in Section 3.04(e).

Paying Agent means any paying agent or co-paying agent appointed pursuant to Section 5.9 and shall initially be the Bank.

Paying Agent has the meaning specified in Section 6.2.