Paying Agent Account Sample Clauses

Paying Agent Account. 11 SECTION 4.02. Reserve Account ...............................................11
Sample 1
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Paying Agent Account. From and after the Closing Date, the Trustee shall establish and maintain with itself a Paying Agent Account with respect to the 2009 Notes, not in its own name but rather as Paying Agent for the benefit of the Noteholders. Such Paying Agent Account shall at all times be a segregated, non-interest bearing trust account. It is acknowledged and agreed by the Trustee, the Issuer, the Seller, the Parent and the Servicer that the Trustee shall have exclusive control over the Paying Agent Account; provided, however, that (i) the Parent shall be permitted to deposit any amounts due under the Parent Guarantee directly into the Paying Agent Account and (ii) the Enhancer shall be permitted to deposit any amounts due under the Enhancement Agreement directly to the Paying Agent Account.
Sample 1
Paying Agent Account. Seller shall make all indemnity, repurchase and redemption payments due to Purchaser pursuant to Sections 3.04 and 3.06 into the Client Collection Account (as defined in the Servicing Agreement) for distribution in accordance with the Paying Agent Agreement (as defined in the Servicing Agreement).
Sample 1

Related to Paying Agent Account

  • Payment Account Paying Agents 15 SECTION 3.1. Payment Account.....................................................................15 SECTION 3.2. Appointment of Paying Agents........................................................15

  • Payments from Paying Agent Account The Escrow Agent hereby irrevocably instructs the Paying Agent, and the Paying Agent agrees to act, as follows:

  • 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.

  • Note Paying Agents (a) The Indenture Trustee may appoint one or more Note Paying Agents that meet the eligibility standards for the Indenture Trustee specified in Section 6.11(a). The Note Paying Agents will have the power to make distributions from the Trust Accounts.

  • Paying Agent and Note Registrar Initially, the Trustee will act as Paying Agent and Note Registrar. The Company may change any Paying Agent or Note Registrar upon written notice thereto. The Company, any Subsidiary or any Affiliate of any of them may act as Paying Agent, Note Registrar or co-registrar.

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

  • Paying Agent Agreement That certain agreement by and between the Company and the Paying Agent relating to the Company’s engagement of the Paying Agent to act as the paying agent for the Notes.

  • Paying Agent and Registrar Initially, U.S. Bank National Association, the Trustee under the Indenture, will act as Paying Agent and Registrar. The Company may change any Paying Agent or Registrar without notice to any Holder. The Company or any of its Subsidiaries may act in any such capacity.

  • The Auction Agent as Paying Agent The Bank of New York, as the Paying Agent, shall pay to the Holders of AMPS (i) on each Dividend Payment Date, dividends on the AMPS, (ii) on any date fixed for redemption of AMPS, the Redemption Price of any shares called for redemption and (iii) any Late Charge related to any payment of dividends or Redemption Price, in each case after receipt of the necessary funds from the Fund with which to pay such dividends, Redemption Price or Late Charge. The amount of dividends for any Rate Period for the AMPS to be paid by the Paying Agent to the Holders of such shares will be determined by the Trust as set forth in paragraph 2 of Part I of Section 12.1 of the Bylaws. The Redemption Price of any shares to be paid by the Paying Agent to the Holders will be determined by the Trust as set forth in paragraph 8 of Part I of Section 12.1 of the Bylaws. Whenever any AMPS are to be redeemed, the Fund shall mail a Notice of Redemption by first-class mail, postage prepaid, to each Holder of Preferred Shares being redeemed and provide notice to the Paying Agent pursuant to the Bylaws.

  • Certificate Paying Agent (a) The Certificate Paying Agent shall make distributions to Certificateholders from the Certificate Distribution Account on behalf of the Trust in accordance with the provisions of the Certificates and Section 5.01 hereof from payments remitted to the Certificate Paying Agent by the Indenture Trustee pursuant to Section 3.05

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