to the Paying Agent Sample Clauses
The 'to the Paying Agent' clause designates the entity responsible for receiving and distributing payments on behalf of parties in a financial transaction, such as bond issuances or loan agreements. In practice, this clause outlines the process by which funds are transferred to the paying agent, who then ensures timely and accurate payment to the appropriate recipients, such as bondholders or lenders. Its core function is to centralize and streamline payment administration, reducing the risk of errors or delays in disbursement and providing a clear point of contact for all payment-related matters.
to the Paying Agent. Upon surrender to the Paying Agent of a Certificate (or affidavit of loss in lieu of a Certificate as provided in Section 2.05(c)) together with a duly executed and completed Letter of Transmittal or “agent’s message”, as applicable, and such other documents as may reasonably be required pursuant to such instructions, Parent shall cause the Paying Agent to pay and deliver as promptly as practicable after the Effective Time, the Merger Consideration payable for each Share represented by such Certificate pursuant to Section 2.04(a). Any Certificate that has been so surrendered shall be canceled by the Paying Agent.
to the Paying Agent. In the event of a transfer of ownership of the Company Common Stock that is not registered in the transfer records of the Company, the Merger Consideration may be paid to a person other than the person in whose name the Company Stock Certificate surrendered is registered, if such certificate shall be properly endorsed or otherwise be in proper form for transfer and the person requesting such payment establish to the satisfaction of the Paying Agent that the prior transfer was valid and such person requesting such payment shall pay any transfer or other taxes required by reason of the payment to a person other than the registered holder of the Company Stock Certificate or establish to the satisfaction of Buyer or the Paying Agent that such tax has been paid or is not applicable.