Trust Paying Agent definition

Trust Paying Agent has the same meaning as “Paying Agent” as defined in the Trust Agreement.

Trust Paying Agent means any paying agent or co-paying agent appointed pursuant to Section 3.9 and authorized by the Owner Trustee to make payments to and distributions from the Certificate Distribution Account.

Trust Paying Agent. The entity appointed to act as paying agent pursuant to the Trust Agreement with respect to amounts on deposit from time to time in the Certificate Distribution Account and distributions thereof to Certificateholders. The initial Trust Paying Agent is Norwest Bank Minnesota, National Association.

Examples of Trust Paying Agent in a sentence

• The Trust Paying Agent shall not be liable for payment of any interest or losses in respect of such moneys.

• Any reference in this Agreement to the Trust Paying Agent shall include any co-paying agent unless the context requires otherwise.

• The Trust Paying Agent shall have the revocable power to withdraw funds from the Certificate Distribution Account for the purpose of making the distributions referred to above.

• The Grantor Trust Paying Agent shall initially be the Grantor Trust Trustee, and any co-paying agent chosen by the Grantor Trust Trustee.

• The Grantor Trust Paying Agent shall return all unclaimed funds to the Grantor Trust Trustee and upon removal of a Grantor Trust Paying Agent such Grantor Trust Paying Agent shall also return all funds in its possession to the Grantor Trust Trustee.

More Definitions of Trust Paying Agent

Trust Paying Agent means the “Paying Agent” appointed and acting in such capacity pursuant to the Trust Agreement.

Trust Paying Agent means the “Paying Agent” appointed and acting in such capacity pursuant to the Issuer Trust Agreement.

Trust Paying Agent means The Chase Manhattan Bank or any successor in interest thereto or any other paying agent or co-paying agent appointed pursuant to Section 3.9 and authorized by the Issuer to make payments to and distributions from the Certificate Distribution Account, including payment of principal of or interest on the Certificates on behalf of the Issuer.

Trust Paying Agent means the “Paying Agent” appointed and acting in such capacity pursuant to the Trust Agreement. “Trust Property” means the Initial Trust Property and the Subsequent Trust Property, collectively.

Trust Paying Agent shall have the meaning specified in Section 3.13 of the Trust Agreement.

Trust Paying Agent means the Indenture Trustee or any successor in interest thereto or any other paying agent or co-paying agent appointed pursuant to Section 3.9 and authorized by the Issuer to make payments to and distributions from the Certificate Distribution Account, including payment of principal of or interest on the Certificates on behalf of the Issuer.

Trust Paying Agent. As defined in the Deposit Trust Agreement.