Paving Agent means the Trustee or any Person authorized by the Company to pay the principal of or any premium or interest on, or other amounts in respect of, any Securities on behalf of the Company.
Paving Agent. The Indenture Trustee or any other Person that meets the eligibility standards for the Indenture Trustee specified in Section 6.11 of the Sale and Servicing Agreement and is authorized by the Issuer to make payments to and distributions from the Distribution Account, including payment of principal of or interest on the Class A Notes on behalf of the Issuer.
Paving Agent has the meaning set forth in Section 2.04.
Examples of Paving Agent in a sentence
Repayment of Moneys Held by Paving Agent 34 ARTICLE V Remedies Section 5.01.
Upon surrender of the Bonds for payment or prepayment, the Bonds, if surrendered to the Paying Agent shall be promptly canceled by it and, if surrendered to the Issuer, shall be delivered to the Paving Agent and, if not already canceled, shall be promptly cancelled by the Paying Agent.
Section 6.05 Merger of Bond Registrar, Paving Agent and Authentication Agent.
Approval of Appointment of the Director of Finance as the Registrar and the Paving Agent for the Bonds.
The County Auditor is hereby authorized to serve as, or to appoint a qualified financial institution to serve as, registrar and paying agent for the Bonds (the "Registrar" or the "Paving Agent").
More Definitions of Paving Agent
Paving Agent shall have the meaning specified in Section 2.3.
Paving Agent means U.S. Bank National Association in Denver, Colorado, and being an agent of the City for the payment of the Debt Service Requirements due in connection with the Bonds, the registrar for the Bonds and for other administration of moneys pertaining to the Bonds, and includes any successor Commercial Bank as paying agent and registrar.
Paving Agent. The term "Paying Agent" shall mean any Person authorized by the Company to make payments in respect of the Securities on behalf of the Company.
Paving Agent means any Person (including the Company acting as Paying Agent) authorized by the Company to pay the principal of (or premium, if any, on) or interest on any Securities on behalf of the Company.
Paving Agent means (unless the Paying Agent is the Servicer) a Person that meets the eligibility standards for the Indenture Trustee specified in Section 6.11 hereof and is authorized by the Issuer to make payments to and distributions from the Collection Account and the Distribution Account, including payment of principal of or interest on the Notes on behalf of the Issuer. The initial Paying Agent shall be the Servicer; provided that if the Servicer is terminated as Paying Agent for any reason, the Indenture Trustee shall be the Paying Agent until another Paying Agent is appointed by the Initial Noteholder pursuant to Section 8.04 herein. The Indenture Trustee shall be entitled to reasonable additional compensation for assuming the role of Paying Agent.
Paving Agent includes any additional paying agent, the term "Registrar" includes any additional registrar or
Paving Agent shall have the meaning specified in Section 2.5(a) of the Indenture.