Paying Agent, Security Registrar and Conversion Agent Clause Samples
The "Paying Agent, Security Registrar and Conversion Agent" clause defines the roles and responsibilities of parties designated to handle payments, maintain records of security ownership, and process conversions of securities. In practice, the paying agent is responsible for distributing interest or principal payments to holders, the security registrar maintains the official list of security holders and records transfers, and the conversion agent manages the exchange of securities into other forms, such as converting bonds into shares. This clause ensures that these critical administrative functions are clearly assigned, facilitating smooth transactions and accurate record-keeping for all parties involved.
Paying Agent, Security Registrar and Conversion Agent. The Trustee will initially act as Paying Agent, Security Registrar and Conversion Agent. The Company may change any Paying Agent, Security Registrar, co-registrar or Conversion Agent without prior notice. The Company or any of its Affiliates may act in any such capacity.
Paying Agent, Security Registrar and Conversion Agent. The Trustee will initially act as Paying Agent,
Paying Agent, Security Registrar and Conversion Agent. Initially, The Bank of New York Mellon Trust Company, N.A., the Trustee under the Indenture, will act as Paying Agent, Security Registrar and Conversion Agent. The Company may change any Paying Agent, Security Registrar or Conversion Agent without notice to any Holder. The Company or any of its Domestic Subsidiaries may act in any such capacity.
Paying Agent, Security Registrar and Conversion Agent. Initially, the Trustee will act as Paying Agent, Security Registrar and Conversion Agent. The Co-Issuers may appoint and change any Paying Agent, Security Registrar or co-registrar or Conversion Agent upon written notice thereto. Either Co-Issuer or any Subsidiary or Affiliate of any of them may act as Paying Agent, Security Registrar or co-registrar.
Paying Agent, Security Registrar and Conversion Agent. Initially, The Bank of New York, the Trustee under the Indenture, will act as Paying Agent, Security Registrar and Conversion Agent. The Company may change any Paying Agent, Security Registrar or Conversion Agent without notice to any Holder.
Paying Agent, Security Registrar and Conversion Agent. Initially, ▇▇▇▇▇ Fargo Bank, National Association, a national banking association (the “Trustee”), will act as Paying Agent, Security Registrar and Conversion Agent. The Company may appoint and change any Paying Agent, Security Registrar or Conversion Agent in accordance with the terms of the Indenture. The Company may act as Paying Agent, Security Registrar or Conversion Agent.
Paying Agent, Security Registrar and Conversion Agent. Initially, The Bank of New York Mellon Trust Company, N.A., a New York banking corporation (the “Trustee”), will act as Paying Agent, Security Registrar and Conversion Agent. The Company may appoint and change any Paying Agent, Security Registrar or co-registrar or Conversion Agent without notice. The Company or any of its domestically incorporated Wholly Owned Subsidiaries may act as Paying Agent, Security Registrar or co-registrar, or Conversion Agent.