Examples of Designated Payment/Transfer Office in a sentence
The City will duly and punctually deposit with the Bank, at the Designated Payment/Transfer Office, on or before each Stated Maturity of interest on Securities and each Maturity of Securities, money sufficient to pay the principal (and Redemption Price, if applicable) of and interest on the Securities when due.
All Securities presented and surrendered for payment shall be delivered to the Designated Payment/Transfer Office.
The Bank shall keep at the Designated Payment/Transfer Office a register (herein referred to as the "Registration Books") in which, subject to such reasonable regulations as the City or the Bank may prescribe, the Bank shall provide for the registration of the Securities and registration of transfers of the Securities as herein provided.
Upon surrender for transfer or exchange of any Security at the Designated Payment/Transfer Office of the Bank, the Bank shall register and deliver, in the name of the designated transferee or transferees, one or more new fully registered Securities of the same maturity, of any authorized denomination, and of a like aggregate principal amount, all in accordance with the terms of the Ordinance.
Promptly upon each change in the entity serving as Paying Agent/Registrar, the County will cause notice of the change to be sent to each Owner by United States mail, first class postage prepaid, at the address in the Register, stating the effective date of the change and the name of the replacement Paying Agent/Registrar and the mailing address of its Designated Payment/Transfer Office.