Transfer to Paying Agent Sample Clauses

Transfer to Paying Agent. No later than each Distribution Date, the Trustee will withdraw and deliver to the Paying Agent from funds on deposit in one or more Certificate Accounts an amount equal to the Distribution Amount for a Trust pursuant to Section 4.01 (or if sufficient funds for a Trust are not then available in any Certificate Account, as much as is available) for application towards the distributions required by the Trust Documents. The Trustee may consolidate funds in one or more Certificate Accounts (or through a clearing account at an Eligible Depository) prior to transfer to the Paying Agent.
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Transfer to Paying Agent. (a) No later than each Distribution Date, the Trustee will withdraw and deliver to the Paying Agent from funds on deposit in one or more Certificate Accounts an amount equal to the Certificate Distribution Amount for each Trust; provided, however, that such withdrawal and delivery from any Certificate Account in respect of the portion of the Certificate Distribution Amount attributable to Mortgage Loans serviced by a particular Direct Servicer will be limited to funds relating to Mortgage Loans included in that Trust or in any other Trust or Other Xxxxxx Xxx Trust that are serviced by the related Direct Servicer; and provided further, that if such funds are insufficient, the Trustee will withdraw and deliver such funds as are then available on deposit subject to the limitation set forth in the preceding clause. The Trustee may consolidate funds in one or more Certificate Accounts (or through a clearing account at an Eligible Depository) prior to transfer to the Paying Agent. (b) At the direction of the Master Servicer, the Trustee will apply funds held in one or more Certificate Accounts that relate to Mortgage Loans serviced by a particular Direct Servicer in the same manner and subject to the same restrictions as permitted under Subsection 6.1(2)(b)(i) and (ii) and Section 6.2(i).
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Transfer to Paying Agent. No later than each Distribution Date, the Trustee will withdraw and deliver to the Paying Agent from funds on deposit in one or more Certificate Accounts an amount equal to the Certificate Distribution Amount for each Trust; provided, however, that such withdrawal and delivery from any Certificate Account in respect of the portion of the Certificate Distribution Amount attributable to Mortgage Loans serviced by a particular Primary Servicer will be limited to funds relating to Mortgage Loans included in that Trust or in any other Trust or Other Xxxxxx Xxx Trust that are serviced by the related Primary Servicer; and provided further, that if such funds are insufficient, the Trustee will withdraw and deliver such funds as are then available on deposit subject to the limitation set forth in the preceding clause. The Trustee may consolidate funds in one or more Certificate Accounts (or through a clearing account at an Eligible Depository) prior to transfer to the Paying Agent.‌
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Transfer to Paying Agent. No later than each Distribution Date, the Trustee will withdraw and deliver to the Paying Agent from funds on deposit in one or more Certificate Accounts an amount equal to the Mega Distribution Amount and/or each SMBS Class Distribution Amount for a Trust, as applicable, pursuant to Section 4.01 and 4.02 (or if sufficient funds for a Trust are not then available in any Certificate Account, as much as is available) for application towards the distributions required by the Trust Documents. The Trustee may consolidate funds in one or more Certificate Accounts (or through a clearing account at an Eligible Depository) prior to transfer to the Paying Agent.
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Transfer to Paying Agent. The payment of the amounts of cash set forth in this Section 2.2 to the Paying Agent shall be deemed the discharge of Purchaser’s obligation to pay such amounts to the Optionholders or the Equityholders, as applicable.
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Related to Transfer to Paying Agent

  • Paying Agent 6 Person..........................................................6

  • Paying Agents (a) If the Company shall appoint one or more paying agents for all or any series of the Securities, other than the Trustee, the Company will cause each such paying agent to execute and deliver to the Trustee an instrument in which such agent shall agree with the Trustee, subject to the provisions of this Section: (1) that it will hold all sums held by it as such agent for the payment of the principal of (and premium, if any) or interest on the Securities of that series (whether such sums have been paid to it by the Company or by any other obligor of such Securities) in trust for the benefit of the Persons entitled thereto; (2) that it will give the Trustee notice of any failure by the Company (or by any other obligor of such Securities) to make any payment of the principal of (and premium, if any) or interest on the Securities of that series when the same shall be due and payable; (3) that it will, at any time during the continuance of any failure referred to in the preceding paragraph (a)(2) above, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such paying agent; and (4) that it will perform all other duties of paying agent as set forth in this Indenture. (b) If the Company shall act as its own paying agent with respect to any series of the Securities, it will on or before each due date of the principal of (and premium, if any) or interest on Securities of that series, set aside, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay such principal (and premium, if any) or interest so becoming due on Securities of that series until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of such action, or any failure (by it or any other obligor on such Securities) to take such action. Whenever the Company shall have one or more paying agents for any series of Securities, it will, prior to each due date of the principal of (and premium, if any) or interest on any Securities of that series, deposit with the paying agent a sum sufficient to pay the principal (and premium, if any) or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such paying agent is the Trustee) the Company will promptly notify the Trustee of this action or failure so to act. (c) Notwithstanding anything in this Section to the contrary, (i) the agreement to hold sums in trust as provided in this Section is subject to the provisions of Section 11.05, and (ii) the Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or direct any paying agent to pay, to the Trustee all sums held in trust by the Company or such paying agent, such sums to be held by the Trustee upon the same terms and conditions as those upon which such sums were held by the Company or such paying agent; and, upon such payment by the Company or any paying agent to the Trustee, the Company or such paying agent shall be released from all further liability with respect to such money.

  • Registrar and Paying Agent The Company shall maintain an office or agency where Notes may be presented for registration of transfer or for exchange ("Registrar") and an office or agency where Notes may be presented for payment ("Paying Agent"). The Registrar shall keep a register of the Notes and of their transfer and exchange. The Company may appoint one or more co-registrars and one or more additional paying agents. The term "

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