Examples of Principal Paying Agent in a sentence
For the avoidance of doubt, Section 1395 of the Italian Civil Code (Codi- ce Civile, "CC") shall not apply in respect of any acts of the Principal Paying Agent.
Should any event occur which results in the Principal Paying Agent or Calculation Agent being unable to continue in its function as Principal Paying Agent or Calculation Agent, the Issuer is obliged to appoint another bank of international standing as Principal Paying Agent or another person or institution with the relevant expertise as Calculation Agent.
The Issuer’s determination made pursuant to the above will be final, conclusive and binding on both the Issuer and on the Security Holder.The Waiver Notice is irrevocable.Neither the Principal Paying Agent nor the Issuer shall apply any charge for the re- nouncement to the exercise of the Securities.
The Security Holders shall not be entitled to further interest or other payments in respect of such delay.(3) Manner of payment, discharge: All payments shall be made to the Principal Paying Agent.
Any such transfer of the functions of the Principal Paying Agent orCalculation Agent shall be notified by the Issuer without undue delay pursuant to § 6 of the General Conditions.