Paying Agent definition
Examples of Paying Agent in a sentence
While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee.
You agree to be the Paying Agent of record and, in your separate capacity as Paying Agent, agree to distribute said funds directly to the Company’s Public Shareholders in accordance with the terms of the Trust Agreement and the Amended and Restated Memorandum and Articles of Association.
Any reference in this Agreement to the Paying Agent shall include any co-paying agent unless the context requires otherwise.
No service charge shall be imposed by the Company, the Trustee, the Note Registrar, any co-Note Registrar or the Paying Agent upon the issuance of any substitute Note, but the Company may require a Holder to pay a sum sufficient to cover any documentary, stamp or similar issue or transfer tax required in connection therewith as a result of the name of the Holder of the new substitute Note being different from the name of the Holder of the old Note that became mutilated or was destroyed, lost or stolen.
The Company may change any Paying Agent or Registrar without notice to any Holder.