Paying and Conversion Agent definition

Paying and Conversion Agent means the Principal Paying Agent and any other paying and conversion agent appointed in accordance with this Contingent Convertible Capital Securities Indenture or any supplemental indenture and includes any successors thereto appointed from time to time in accordance with this Contingent Convertible Capital Securities Indenture or any supplemental indenture.

Paying and Conversion Agent means the legal entity appointed by the Issuer to act as its paying and conversion agent with respect to the Bonds in the CSD.

Paying and Conversion Agent has the meaning given in Section 2.5 hereof.

Examples of Paying and Conversion Agent in a sentence

• Copies of the Trust Deed and the Agency Agreement are available for inspection during normal business hours by prior arrangement at the registered office for the time being of the Trustee and at the specified office of each of the Principal Paying and Conversion Agent, the other Paying Agents (if any), the Registrar and the Transfer Agents appointed from time to time pursuant to the terms of the Agency Agreement.

• Conversion Rights shall be exercised subject in each case to any applicable fiscal or other laws or regulations applicable in the jurisdiction in which the specified office of the Paying and Conversion Agent to whom the relevant Conversion Notice is delivered is located.

• Principal Paying and Conversion Agent The Bank of New York Mellon, London Branch.

• The Calculation Agent may consult, at the expense of the Issuer, on any matter (including, but not limited to, any legal matter), any legal or other professional adviser and it shall be able to rely upon, and it shall not be liable and shall incur no liability as against the Bond Trustee, the Bondholders or the Paying and Conversion Agent in respect of anything done, or omitted to be done, relating to that matter in good faith, in accordance with that adviser’s opinion.

• Neither the Calculation Agent (acting in such capacity) nor any Independent Adviser appointed in connection with the Bonds (acting in such capacity) will thereby assume any obligations towards or relationship of agency or trust and shall not be liable and shall incur no liability in respect of anything done, or omitted to be done in good faith, in its capacity as Calculation Agent as against the Bond Trustee, the Bondholders or the Paying and Conversion Agent.

More Definitions of Paying and Conversion Agent

Paying and Conversion Agent means the several institutions (including the Principal Paying and Conversion Agent) initially appointed as Paying and Conversion Agents by the Issuer and the Guarantor pursuant to the Agency Agreement and/or any Successor of any Paying and Conversion Agent in each case at their respective specified offices; Potential Event of Default means any condition, event or act which, with the lapse of time and/or the issue, making or giving of any notice, certification, declaration, demand, determination and/or request and/or the taking of any similar action and/or the fulfilment of any similar condition, would constitute an Event of Default;

Paying and Conversion Agent means the Principal Paying Agent and any other paying and conversion agent appointed in accordance with the Base Indenture, as supplemented by the First Supplemental Indenture, and includes any successors thereto appointed from time to time in accordance with the Base Indenture or the First Supplemental Indenture. The Trustee will initially act as the Paying and Conversion Agent in respect of the Notes.

Paying and Conversion Agent means the legal entity appointed by the Issuer to act as its paying and conversion agent with respect to the Bonds in the CSD, being DNB Bank ASA, reg. no. 984 851 006, P.O. Box 1600 Sentrum, 0021 Oslo, Norway.

Paying and Conversion Agent means, when used with respect to the contingent convertible preferred securities of any series, the Principal Paying Agent and any other paying and conversion agent appointed in accordance with the contingent convertible preferred securities indenture or any supplemental indenture with respect to such series and includes any successors thereto appointed from time to time in accordance with the contingent convertible preferred securities indenture or any such supplemental indenture;

Paying and Conversion Agent means UBS in its function as paying and conversion agent for the Bonds;

Paying and Conversion Agent means DNB Bank ASA or any other legal entity appointed by the Issuer to act as its paying and conversion agent with respect to the Bonds in the CSD.

Paying and Conversion Agent shall include any such additional co-Registrar or Paying and Conversion Agent, as applicable; provided, however, that in no event may the Issuer or any of its Affiliates act as Paying and Conversion Agent. The Issuer shall enter into an appropriate agency agreement with any Agent not a party to this Indenture and the agreement shall implement the provisions of this Indenture that relate to such Agent. Without limiting the foregoing, each such agreement appointing a Principal Paying and Conversion Agent must contain provisions substantially to the effect of Section 2.07 hereof. The Issuer shall notify the Trustee of the name and address of any such Agent. If the Issuer fails to maintain a Registrar or Paying and Conversion Agent, or fails to give the foregoing notice, the Trustee shall act as such and shall be entitled to appropriate compensation in accordance with Section 8.07.