Paying Agent Agreement Sample Clauses
A Paying Agent Agreement is a contractual arrangement that designates a third party, known as the paying agent, to handle the distribution of payments on behalf of an issuer or borrower to creditors or investors. In practice, the paying agent receives funds from the issuer and is responsible for disbursing interest, principal, or other payments to the appropriate recipients according to the terms of the underlying financial instrument, such as bonds or loans. This clause ensures that payment processes are managed efficiently and reliably, reducing administrative burdens for the issuer and providing assurance to recipients that payments will be handled professionally and on schedule.
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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 Agreement. The Paying Agent Agreement shall have been executed and delivered by each of the Stockholders’ Representative and the Paying Agent;
Paying Agent Agreement. The Paying Agent Agreement executed by the Company and the Paying Agent;
Paying Agent Agreement. The Paying Agent Agreement duly executed by the Company and the Representative.
Paying Agent Agreement. A fully executed copy of the Paying Agent Agreement;
Paying Agent Agreement. The Paying Agent, the Company and the Equityholders’ Representative shall have executed and delivered to Parent the Paying Agent Agreement.
Paying Agent Agreement. The Paying Agent Agreement shall have been executed and delivered and shall be in form and substance reasonably satisfactory to the Joint Lead Arrangers.
Paying Agent Agreement. The Buyer and the Paying Agent shall have entered into the Paying Agent Agreement.
Paying Agent Agreement. Promptly following the date of this Agreement, the Investors shall in good faith and with mutual cooperation use their reasonable best efforts to (i) select the Paying Agent, and (ii) negotiate and, to the extent applicable, enter into an agreement with the Paying Agent in form and substance reasonably satisfactory to each Investor (the “Paying Agent Agreement”). The Paying Agent Agreement, to which the Paying Agent, Lead Rich and Full Alliance and/or Parent shall be parties, shall provide for the appointment of the Paying Agent and the terms and conditions upon which the Exchange Fund will be held, distributed or returned by the Paying Agent, including that any funds deposited into the Exchange Fund by Lead Rich in respect of the Sponsor Equity Financing and the Mezzanine Debt Financing shall be immediately returned by the Paying Agent to Lead Rich if (A) $12,000,000 in respect of the CEO Equity Financing and $214,000,000 in respect of the Senior Debt Financing are not deposited into the Exchange Fund, or (B) the Effective Time does not occur, in either case within five business days of such deposit by Lead Rich.
Paying Agent Agreement. The Sellers’ Representative and the Paying Agent shall have executed and delivered a counterpart of the Paying Agent Agreement to Buyer.