Common use of Appointment of Paying Agent and Registrar; Resignation or Removal of Paying Agent Clause in Contracts

Appointment of Paying Agent and Registrar; Resignation or Removal of Paying Agent. The Trustee is hereby appointed as "Registrar" and "Paying Agent" under this Indenture. Any Registrar and Paying Agent may at any time resign and be discharged of the duties and obligations created by this instrument and any supplemental indenture by giving at least 60 days' written notice to the Issuer, the Company and the Trustee. Any Registrar and Paying Agent may be removed at any time by an instrument, filed with such Registrar, Paying Agent and the Trustee and signed by the Issuer and the Company. Any successor Registrar and Paying Agent shall be appointed by the Issuer at the direction of the Company and shall be a bank or trust Company duly organized under the laws of any state of the United States or a national banking association, in each case having a capital stock and surplus aggregating at least $100,000,000, willing and able to accept the office on reasonable and customary terms and authorized by law to perform all the duties imposed upon it by this Indenture. In the event of the resignation or removal of any Paying Agent, such Paying Agent shall pay over, assign and deliver any moneys or securities held by it as Paying Agent to its successors, or if there is no successor, to the Trustee. (End of Article VIII)

Appears in 4 contracts

Samples: Financing and Covenant Agreement, Trust Indenture, Trust Indenture

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Appointment of Paying Agent and Registrar; Resignation or Removal of Paying Agent. The Trustee is hereby appointed as "Registrar" and "Paying Agent" under this Indenture. Any Registrar and Paying Agent may at any time resign and be discharged of the duties and obligations created by this instrument and any supplemental indenture by giving at least 60 days' written notice to the Issuer, the Company WLCDC and the Trustee. Any Registrar and Paying Agent may be removed at any time by an instrument, filed with such Registrar, Paying Agent and the Trustee and signed by the Issuer and the CompanyWLCDC. Any successor Registrar and Paying Agent shall be appointed by the Issuer at the direction of the Company WLCDC and shall be a bank or trust Company company duly organized under the laws of any state of the United States or a national banking association, in each case having a capital stock and surplus aggregating at least $100,000,000, willing and able to accept the office on reasonable and customary terms and authorized by law to perform all the duties imposed upon it by this Indenture. In the event of the resignation or removal of any Paying Agent, such Paying Agent shall pay over, assign and deliver any moneys or securities held by it as Paying Agent to its successors, or if there is if no successor, to the Trustee. (End of Article VIII)

Appears in 2 contracts

Samples: Financing Agreement, Trust Indenture

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Appointment of Paying Agent and Registrar; Resignation or Removal of Paying Agent. The Trustee Bank of New York Mellon Trust Company, N.A. is hereby appointed as "Registrar" and "Paying Agent" under this Indenture. Any Registrar and Paying Agent may at any time resign and be discharged of the duties and obligations created by this instrument and any supplemental indenture by giving at least 60 30 days' written notice to the Issuer, the Company and the Trustee. Any Registrar and Paying Agent may be removed at any time time, upon 30 days' written notice to the Trustee, by an instrument, filed with such Registrar, Paying Agent and the Trustee and signed by the Issuer and the CompanyBondholders. Any successor Registrar and Paying Agent shall be appointed by the Issuer at the direction of the Company Bondholders and shall be a bank or trust Company company duly organized under the laws of any state of the United States or a national banking association, in each case having a capital stock and surplus aggregating at least $100,000,000, willing and able to accept the office on reasonable and customary terms and authorized by law to perform all the duties imposed upon it by this Indenture. In the event of the resignation or removal of any Paying Agent, such Paying Agent shall pay over, assign and deliver any moneys or securities held by it as Paying Agent to its successors, or if there is no successor, to the Trustee. (End of Article VIII)

Appears in 1 contract

Samples: Financing and Covenant Agreement

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