Payments to Property Trustee Sample Clauses
The "Payments to Property Trustee" clause defines the obligation of one party, typically the trust or issuer, to make specified payments to the property trustee for services rendered or expenses incurred in connection with the administration of the trust property. This may include compensation for the trustee's duties, reimbursement for costs, or payment of fees related to managing trust assets. By clearly outlining the payment terms and responsibilities, this clause ensures the property trustee is properly compensated and incentivized, thereby supporting the effective and continuous management of the trust's assets.
Payments to Property Trustee. The Securities Intermediary and the Custodial Agent shall use commercially reasonable efforts to deliver payments to the Paying Agent or the Property Trustee as provided hereunder to the following account established by the Paying Agent or the Property Trustee, for credit to U.S. Bank National Association, ABA#▇▇▇▇▇▇▇▇▇, A/C#180121167365, for further credit to 793126000, Ref: USB Capital IX, Attn: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, not later than 12:00 P.M. (New York City time) on the Business Day it receives such payment; provided that if such payment is required to be made on a day that is not a Business Day or after 11:00 A.M. (New York City time) on a Business Day, then it shall use commercially reasonable efforts to deliver such payment to the Paying Agent or the Property Trustee no later than 10:30 A.M. (New York City time) on the next succeeding Business Day.
Payments to Property Trustee. The Securities Intermediary and the Custodial Agent shall use commercially reasonable efforts to deliver payments to the Paying Agent or the Property Trustee as provided hereunder to the following account established by the Paying Agent or the Property Trustee, for credit to Wilmington Trust Company, ABA 0311-00092, A/C 088617-000, Ref: ▇▇▇▇▇ Fargo Capital XIII Property Account, not later than 12:00 P.M. (New York City time) on the Business Day it receives such payment; provided, however, that if such payment is required to be made on a day that is not a Business Day or after 10:00 A.M. (New York City time) on a Business Day, then it shall use commercially reasonable efforts to deliver such payment to the Paying Agent or the Property Trustee no later than 10:30 A.M. (New York City time) on the next succeeding Business Day.
Payments to Property Trustee. The Securities Intermediary and the Custodial Agent shall use commercially reasonable efforts to deliver payments to the Paying Agent under the Trust Agreement or the Property Trustee as provided hereunder to the Payment Account established by such Paying Agent or the Property Trustee, for credit to JPMorgan C▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ #: 0▇▇-▇▇▇-▇▇▇, A/C: 507943635, for further credit to: Wachovia Capital Trust III – GP# 10224743.2, not later than 12:00 p.m. (New York City time) on the Business Day it receives such payment; provided that if such payment is received on a day that is not a Business Day or after 11:00 a.m. (New York City time) on a Business Day, then it shall use commercially reasonable efforts to deliver such payment to such Paying Agent or the Property Trustee no later than 10:30 a.m. (New York City time) on the next succeeding Business Day.