Paying Agent, Registrar and Conversion Agent Clause Samples
The 'Paying Agent, Registrar and Conversion Agent' clause defines the roles and responsibilities of third-party agents involved in the administration of a financial instrument, such as a bond or convertible security. Specifically, the paying agent handles the distribution of payments to holders, the registrar maintains records of ownership, and the conversion agent manages the process if the security is converted into another form, such as shares. By clearly assigning these duties, the clause ensures efficient administration, accurate record-keeping, and smooth processing of payments and conversions, thereby reducing operational risk and confusion for all parties involved.
Paying Agent, Registrar and Conversion Agent. Initially, the Trustee will act as Paying Agent, Registrar and Conversion Agent. The Company may change the Paying Agent, Registrar and Conversion Agent without prior notice to the Holders of the Notes. The Company or any Affiliate of the Company may act as Paying Agent, Registrar or Conversion Agent.
Paying Agent, Registrar and Conversion Agent. Initially, U.S. Bank National Association (the “Trustee”, which term shall include any successor trustee under the Indenture hereinafter referred to) will act as Paying Agent, Registrar and Conversion Agent. The Company may change any Paying Agent, Registrar or Conversion Agent without notice to the Holders. The Company or any of its Affiliates may, subject to certain limitations set forth in the Indenture, act as Paying Agent.
Paying Agent, Registrar and Conversion Agent. Initially, The Bank of New York (the "Trustee", which term shall include any successor trustee under the Indenture hereinafter referred to) will act as Paying Agent, Registrar and Conversion Agent. The Company may change any Paying Agent, Registrar or Conversion Agent without notice to the Holder. The Company or any of its Subsidiaries may, subject to certain limitations set forth in the Indenture, act as Paying Agent or Registrar.
Paying Agent, Registrar and Conversion Agent. Initially, ▇▇▇▇▇ Fargo Bank, National Association, (the “Trustee,” which term shall include any successor trustee under the Indenture hereinafter referred to) will act as Paying Agent, Registrar and Conversion Agent. The Company may change any Paying Agent, Registrar or Conversion Agent without notice to the Holder. The Company or any of its Subsidiaries may, subject to certain limitations set forth in this Indenture, act as Paying Agent or Registrar.
Paying Agent, Registrar and Conversion Agent. Initially, ▇▇▇▇▇ Fargo Bank, National Association, a national banking association organized under the laws of the United States (the “Trustee”), shall act as Paying Agent, Registrar and Conversion Agent. The Company may appoint and change any Paying Agent, Registrar or co-registrar or Conversion Agent without notice. The Company or any of its Wholly Owned Subsidiaries that is not a Foreign Subsidiary may act as Paying Agent, Registrar or co-registrar.
Paying Agent, Registrar and Conversion Agent. Initially, Bankers Trust Company (the "Trustee") will act as Paying Agent, Registrar and Conversion Agent. The Company may change any Paying Agent, Registrar or Conversion Agent without notice to the Holder. The Company or any of its Subsidiaries may act as Paying Agent, Registrar or Conversion Agent.
Paying Agent, Registrar and Conversion Agent. Initially, State Street Bank and Trust Company of California, N.A. (the "Trustee", which term shall include any successor trustee under the Indenture hereinafter referred to) will act as Paying Agent, Registrar and Conversion Agent. The Company may change any Paying Agent, Registrar or Conversion Agent without notice to the Holder. The Company or any of its Subsidiaries may, subject to certain limitations set forth in the Indenture, act as Paying Agent or Registrar.
Paying Agent, Registrar and Conversion Agent. Initially, State Street Bank and Trust Company (the "Trustee", which term shall include any successor trustee under the Indenture hereinafter referred to) will act as Paying Agent, Registrar and Conversion Agent. The Company may change any Paying Agent, Registrar or Conversion Agent without notice to the Holder. The Company or any of its Subsidiaries may, subject to certain limitations set forth in the Indenture, act as Paying Agent or Registrar.
Paying Agent, Registrar and Conversion Agent. Initially, The Bank of New York Mellon Trust Company, N.A. (the “Trustee”), will act as Paying Agent, Registrar and Conversion Agent. The Company may appoint and change any Paying Agent, Registrar or Conversion Agent in accordance with the terms of the Indenture. The Company may act as Paying Agent, Registrar or Conversion Agent.
Paying Agent, Registrar and Conversion Agent. Initially, Wilmington Trust, National Association (the “Trustee”), shall act as Paying Agent, Registrar and Conversion Agent. The Company may appoint and change any Paying Agent, Registrar, co-registrar or Conversion Agent without notice. The Company or any Wholly-Owned Subsidiary may act as Paying Agent, Registrar, co-registrar or Conversion Agent.