Issuer to pay Principal Paying Agent Sample Clauses

Issuer to pay Principal Paying Agent. ‌ In order to provide for the payment of principal and interest in respect of the Notes on any day the same become due and payable, the Issuer (or the Cash Manager on its behalf) shall on such date, pay to the Principal Paying Agent an amount equal to the aggregate amount of principal and/or interest (as the case may be) falling due for payment in respect of each Note on such date.
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Issuer to pay Principal Paying Agent. In order to provide for the payment of interest and principal in respect of each Class of Series of the Notes as the same becomes due and payable, the Issuer shall pay to the Principal Paying Agent or otherwise cause it to receive on or before the date on which such payment becomes due, an amount which is equal to the amount of principal or interest then falling due in respect of the relevant Notes on such date.
Sample 1
Issuer to pay Principal Paying Agent. In order to provide for the payment of principal and interest in respect of the Notes as the same becomes due and payable, the Issuer (failing whom the Guarantors) shall pay to the Principal Paying Agent, not later than 10.00 a. m. (Local Time) on the Business Day on which such payment becomes due, an amount equal to the amount of principal and/or (as the case may be) interest falling due in respect of the Notes on such date. Notwithstanding the above, should the credit rating of the Issuer, as made available by any of Fitch or Xxxxx’x, from time to time be below Investment Grade, then the Issuer (failing whom the Guarantors) shall pay to the Principal Paying Agent one Business Day prior to the day on which such payment becomes due, an amount equal to the amount of principal and/or (as the case may be) interest falling due in respect of the Notes on such date.
Sample 1
Issuer to pay Principal Paying Agent. In order to provide for the payment of principal and interest in respect of the Notes, the Residual Payment Amounts in respect of the Residual Certificates and ERC Payment Amounts in respect of the ERC Certificates on any day the same become due and payable, the Issuer (or the Cash Manager on its behalf) shall on such date, pay to the Principal Paying Agent an amount equal to the aggregate amount of principal and/or interest and/or Residual Payment Amounts and/or ERC Payment Amounts (as the case may be) falling due for payment in respect of each Note and each Certificate (as applicable) on such date.
Sample 1

Related to Issuer to pay Principal Paying Agent

  • Paying Agents (a) If the Company shall appoint one or more paying agents for all or any series of the Securities, other than the Trustee, the Company will cause each such paying agent to execute and deliver to the Trustee an instrument in which such agent shall agree with the Trustee, subject to the provisions of this Section: (1) that it will hold all sums held by it as such agent for the payment of the principal of (and premium, if any) or interest on the Securities of that series (whether such sums have been paid to it by the Company or by any other obligor of such Securities) in trust for the benefit of the Persons entitled thereto; (2) that it will give the Trustee notice of any failure by the Company (or by any other obligor of such Securities) to make any payment of the principal of (and premium, if any) or interest on the Securities of that series when the same shall be due and payable; (3) that it will, at any time during the continuance of any failure referred to in the preceding paragraph (a)(2) above, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such paying agent; and (4) that it will perform all other duties of paying agent as set forth in this Indenture. (b) If the Company shall act as its own paying agent with respect to any series of the Securities, it will on or before each due date of the principal of (and premium, if any) or interest on Securities of that series, set aside, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay such principal (and premium, if any) or interest so becoming due on Securities of that series until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of such action, or any failure (by it or any other obligor on such Securities) to take such action. Whenever the Company shall have one or more paying agents for any series of Securities, it will, prior to each due date of the principal of (and premium, if any) or interest on any Securities of that series, deposit with the paying agent a sum sufficient to pay the principal (and premium, if any) or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such paying agent is the Trustee) the Company will promptly notify the Trustee of this action or failure so to act. (c) Notwithstanding anything in this Section to the contrary, (i) the agreement to hold sums in trust as provided in this Section is subject to the provisions of Section 11.05, and (ii) the Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or direct any paying agent to pay, to the Trustee all sums held in trust by the Company or such paying agent, such sums to be held by the Trustee upon the same terms and conditions as those upon which such sums were held by the Company or such paying agent; and, upon such payment by the Company or any paying agent to the Trustee, the Company or such paying agent shall be released from all further liability with respect to such money.

  • Paying Agent 6 Person..........................................................6

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