Examples of Initial Paying Agent in a sentence
The Republic, to the extent permitted by applicable law, reserves the right at any time to vary or terminate the appointment of any paying agent and to appoint additional or other paying agents (together with the Initial Paying Agent, each a “Paying Agent”).
Unless otherwise specified in the related Supplement for any Series and with respect to such Series, the Paying Agent shall initially be Chase Manhattan Bank (Ireland) plc and any co-paying agent chosen by Chase Manhattan Bank (Ireland) plc Each Paying Agent other than the Initial Paying Agent shall have a combined capital and surplus of at least $100,000,000.
The Issuer shall require each Paying Agent and the Initial Paying Agent to agree in writing that each Paying Agent shall hold in trust for the benefit of Holders or the Trustee all assets held by the Paying Agent for the payment of principal of, Additional Amounts, if any, premium, if any, or interest on, the Notes, and shall promptly notify the Trustee of any Default by the Issuer in making any such payment.
The Issuer initially appoints The Bank of New York, London as Paying Agent ("Initial Paying Agent"), transfer agent and Registrar and, so long as the Notes are listed on the Luxembourg Stock Exchange, the Issuer will appoint The Bank of New York (Luxembourg) S.A., or such other person with an office in Luxembourg and reasonably acceptable to the Trustee, Paying Agent in Luxembourg, where payments may also be made.
Delivery: Delivery against payment Initial Paying Agent s: BNP Paribas Securities Services, Luxembourg Branch 60, avenue J.F Kennedy L-1855 Luxembourg Names and addresses of additional Paying Agent(s) (if any): Not applicable.
HSBC Trinkaus & Burkhardt AG, Düsseldorf (Germany) shall be the initial paying agent with regard to the Notes (the "Initial Paying Agent").
Each Paying Agent other than the Initial Paying Agent shall have a combined capital and surplus of at least $100,000,000.
The Issuer will not be required to make any payment of Additional Amounts for or on account of any withholding tax deducted by the Issuer, the Initial Paying Agent, a Paying Agent or an intermediary pursuant to FATCA.
The Issuer reserves the right at any time to vary or terminate the appointment of the Initial Paying Agent or the Calculation Agent and to appoint another paying agent (a "Paying Agent") or another Calculation Agent.
The Initial Paying Agent, any Paying Agent and the Calculation Agent act solely as agents of the Issuer and do not assume any obligations towards or relationship of agency or trust for any Holder.