Payments through Global Agent Sample Clauses
The 'Payments through Global Agent' clause designates a third-party agent to handle the processing and transfer of payments between contracting parties. In practice, this means that all monetary transactions, such as fees or reimbursements, are routed through a specified global payment agent rather than being made directly between the parties. This arrangement can streamline international payments, ensure compliance with regulatory requirements, and reduce administrative burdens, ultimately providing a secure and efficient mechanism for managing cross-border financial transactions.
Payments through Global Agent. Payments of principal and interest in respect of Original Notes, and MAC Notes representing interests in the Exchangeable Notes, shall be made by Issuer through the Global Agent in accordance with the terms set forth in the Debt Agreement and the Exchange Administration Agreement. In respect of the Notes, Issuer shall cause notice of any resignation, termination of the appointment of the Global Agent or any other agent and of any change in the office through which any such agent will act to be given as provided in the terms of such Notes and in accordance with Section 9(b) hereof.
Payments through Global Agent. Payments of principal and interest in respect of Notes shall be made by Issuer through the Global Agent in accordance with the terms set forth in the Debt Agreement. In respect of the Notes, Issuer shall cause notice of any resignation, termination of the appointment of the Global Agent or any other agent and of any change in the office through which any such agent will act to be given as provided in the terms of such Notes and in accordance with Section 9(b) hereof.