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 Bank Office.

Appears in 2 contracts

Samples: Paying Agent/Registrar Agreement, Paying Agent/Registrar Agreement

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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 installments of each Security at its Stated Maturity, Redemption Date, or Acceleration Date, to and interest on the Holder upon surrender Note in accordance with the provisions of the Security to the Bank at the Bank OfficeOrder.

Appears in 1 contract

Samples: Paying Agent/Registrar Agreement

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Duties of Paying Agent. As Paying Agent, the Bank shallBank, provided adequate sufficient collected funds have been provided to it for such purpose by or on behalf of the Issuer, shall pay on behalf of the Issuer the principal of of, redemption premium, if any, and interest on each Security at its Stated Maturity, Redemption Date, or Acceleration Date, to Bond in accordance with the Holder upon surrender provisions of the Security to the Bank at the Bank OfficeBond Resolution.

Appears in 1 contract

Samples: Paying Agent/Bond Registrar Agreement

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