Examples of Certificate Agent in a sentence
If the Notes are not issued for purchase by the Pooled Program, the principal of and interest on the Notes shall be payable to the registered owner thereof upon surrender of the Note at the principal office of The Bank of New York Mellon Trust Company, N.A., as certificate agent (the “Certificate Agent”) as provided in the Trust Agreement (the “Trust Agreement”) to be entered into by and between the County and the Certificate Agent.
On the transfer or exchange date Euroclear or Clearstream, Luxembourg, as the case may be, will debit the account of its participant and will instruct the Principal Certificate Agent to instruct Clearstream, Luxembourg and/or Euroclear, as the case may be, to credit the relevant account of the Clearstream, Luxembourg and/or Euroclear participant.
The Certificate Agent shall require the payment by the Registered Owner requesting such exchange of any tax or other governmental charge required to be paid with respect to such exchange.
The assignment, transfer and pledge of the Notes to the Certificate Agent pursuant to this Agreement shall constitute a first and exclusive lien on the principal and interest payments and all other rights under the Notes in accordance with this Agreement.
The Certificate Agent shall only be required to perform the duties expressly set forth herein.
The Certificate Agent may purchase or sell to itself or any affiliate, as principal or agent, investments authorized by this Agreement.
The Certificate Agent covenants that it will faithfully observe and perform all of the conditions, covenants and requirements of this Agreement which are expressly applicable to the Certificate Agent, provided, however that in no event shall the Certificate Agent be required to expend any of its own funds or incur any personal liability.
All Certificates surrendered pursuant to the provisions of this Section shall be canceled by the Certificate Agent and shall not be redelivered.
The Certificate Agent will make payment by check or wire transfer from amounts on deposit in the Costs of Delivery Fund for costs of delivery as may be requested by the Office of Education upon receipt by the Certificate Agent of a requisition signed by an authorized officer of the Office of Education.
Neither the Issuer nor any Certificate Agent shall under any circumstances be liable for any acts or defaults of any Clearing System in the performance of its duties in relation to the Securities.