Examples of Paying Agents in a sentence
Each of the Paying Agents shall give to the Principal Paying Agent details of all payments made by it and shall deliver all cancelled Securities and Coupons to the Principal Paying Agent (or as the Principal Paying Agent may specify).
This Agreement shall inure to the benefit of the Issuer, the Initial Purchaser, the Trustee, the Bond Registrar, the Paying Agents, the Indemnified Parties and the Holders of the Bonds, and shall be binding upon the Issuer and the Institution and their respective successors and assigns.
If any payment provided for by Clause 4 is made late but otherwise under the terms of this Agreement the Paying Agents shall nevertheless act as paying agents.
The initial Paying Agent shall be as set forth in Section 7.2. Any additional or successor Paying Agents shall be appointed by Issuer Order with written notice thereof to the Collateral Trustee; provided that, with respect to any additional or successor Paying Agent, so long as the Debt of any Class are rated by S&P either (i) such Paying Agent has a long-term issuer credit rating of “A+” or higher by S&P or a short-term debt rating of “A-1” by S&P or (ii) the S&P Rating Condition is satisfied.
The Paying Agents shall also provide by email to a Holder copies of all documents required to be so available by the Conditions following the Holder’s prior written request and provision of proof of holding and identity (in a form satisfactory to the relevant Paying Agent).