Common use of Establishment of Paying Agent Account Clause in Contracts

Establishment of Paying Agent Account. The Paying Agent shall establish a deposit account (the "PAYING AGENT ACCOUNT") at Wilmington Trust Company in the name of the Escrow Agent. It is expressly understood by the parties hereto that the Paying Agent is acting as the paying agent of the Escrow Agent hereunder and that no amounts on deposit in the Paying Agent Account constitute part of the Trust Property.

Establishment of Paying Agent Account. The Paying Agent shall establish a deposit account (the "PAYING AGENT ACCOUNT"“Paying Agent Account”) at Wilmington Trust Company in the name of the Escrow Agent. It is expressly understood by the parties hereto that the Paying Agent is acting as the paying agent of the Escrow Agent hereunder and that no amounts on deposit in the Paying Agent Account constitute part of the Trust Property.

Establishment of Paying Agent Account. The Paying Agent shall establish a deposit account (the "PAYING AGENT ACCOUNTPaying Agent Account") at Wilmington Trust Company in the name of the Escrow Agent. It is expressly understood by the parties hereto that the Paying Agent is acting as the paying agent of the Escrow Agent hereunder and that no amounts on deposit in the Paying Agent Account constitute part of the Trust Property.

Establishment of Paying Agent Account. The Paying Agent shall establish a deposit account (the "PAYING AGENT ACCOUNT"“Paying Agent Account”) at Wilmington Trust Company Trust, National Association, in the name of the Escrow Agent. It is expressly understood by the parties hereto that the Paying Agent is acting as the paying agent of the Escrow Agent hereunder and that no amounts on deposit in the Paying Agent Account constitute part of the Trust Property.