Common use of Duties of Paying Agent Clause in Contracts

Duties of Paying Agent. As Paying Agent, the Bank shall, provided adequate collected funds have been provided to it for such purpose by or on behalf of the Issuer, pay on behalf of the Issuer the principal of each Security at its Stated Maturity, Redemption Date, or Acceleration Date, to the Holder upon surrender of the Security to the Bank at the following office: Wachovia Bank, National Association Customer Information Center 0000 Xxxx X. X. Xxxxxx Blvd. Charlotte, North Carolina 28288 As Paying Agent, the Bank shall, provided adequate collected funds have been provided to it for such purpose by or on behalf of the Issuer, pay on behalf of the Issuer the interest on each Security when due, by computing the amount of interest to be paid each Holder and making payment thereof to the Holders of the Securities (or their Predecessor Securities) on the Record Date. All payments of principal and/or interest on the Securities to the registered owners shall be accomplished (1) by the issuance of checks, payable to the registered owners, drawn on the fiduciary account provided in Section 5.05 hereof, sent by United States mail, first class, postage prepaid, to the address appearing on the Security Register or (2) by such other method, acceptable to the Bank, requested in writing by the Holder at the Holder’s risk and expense.

Duties of Paying Agent. As Paying Agent, the Bank 31 shall pay, provided adequate collected funds have been provided to it for such 32 purpose by or on behalf of the Issuer, on behalf of the Issuer the principal of each 33 Security at its Stated Maturity, Redemption Date or Acceleration Date, to the Holder 34 upon surrender of the Security to the Bank at the following address: 1 As Paying Agent, the Bank shall, provided adequate collected funds have been 2 provided to it for such purpose by or on behalf of the Issuer, pay on behalf of the Issuer the principal of each Security at its Stated Maturity, Redemption Date, or Acceleration Date, to the Holder upon surrender of the Security to the Bank at the following office: Wachovia Bank, National Association Customer Information Center 0000 Xxxx X. X. Xxxxxx Blvd. Charlotte, North Carolina 28288 As Paying Agent, the Bank shall, provided adequate collected funds have been provided to it for such purpose by or on behalf of the Issuer, pay on behalf of the 3 Issuer the interest on each Security when due, by computing the amount of interest 4 to be paid each Holder and making payment thereof to the Holders of the Securities 5 (or their Predecessor Securities) on the Record DateDate (as defined in the Authorizing 6 Document). All payments of principal and/or interest on the Securities to the 7 registered owners shall be accomplished (1) by the issuance of checks, payable to 8 the registered owners, drawn on the fiduciary paying agent account provided in Section 5.05 9 hereof, sent by United States mail, first class, class postage prepaid, to the address 10 appearing on the Security Register or (2) by such other method, acceptable to the 11 Bank, requested in writing by the Holder at the Holder’s risk and expense.