Paying Agent and Authenticating Agent Sample Clauses
The Paying Agent and Authenticating Agent clause designates specific parties responsible for handling payments and verifying the authenticity of securities or documents within a financial transaction. Typically, the paying agent ensures that interest, principal, or other payments are distributed to the appropriate recipients, while the authenticating agent confirms the validity of issued securities before they are delivered to investors. This clause ensures that payment processes are managed efficiently and securely, and that only legitimate, properly authorized securities are circulated, thereby reducing the risk of errors or fraud.
Paying Agent and Authenticating Agent. If, at any time, the Trustee is not the Registrar, the Registrar shall make available to the Trustee ten days prior to each interest payment date and at such other times as the Trustee may reasonably request the names and addresses of the Holders as they appear in the Security Register.
Paying Agent and Authenticating Agent. As of the Startup Day, no such indemnifications or expense reimbursements are expected to be paid from the Trust Fund and it is intended that if such payments are ever made that they be characterized for purposes of the REMIC Provisions as “unanticipated expenses” within the meaning of Treasury Regulation Section 1.860G-1(b)(3)(ii). In connection with any claim as to which indemnification is to be sought hereunder:
Paying Agent and Authenticating Agent. Wilmington Trust Company is hereby appointed as Paying Agent and Security Registrar for the Debentures, and the appointment of Wilmington Trust Company as Authenticating Agent is hereby ratified and approved.
Paying Agent and Authenticating Agent is hereby appointed as Paying Agent and Security Registrar for the Notes, and the appointment of _____________________ as Authenticating Agent is hereby ratified and approved.
Paying Agent and Authenticating Agent. Resigning Trustee hereby represents and warrants to Successor Trustee that: