Paying Agent Account definition

Paying Agent Account has the meaning assigned to such term in the Escrow and Paying Agent Agreements.

Paying Agent Account shall have the meaning set forth in Section 8.2(A)(v).

Paying Agent Account means the account of the Issuer (if any) maintained with the Principal Paying Agent pursuant to the Agency Agreement.

Examples of Paying Agent Account in a sentence

• Each Paying Agent Account shall be established and at all times maintained with the Paying Agent which shall act as a “securities intermediary” (as defined in Section 8-102 of the UCC) and a “bank” (as defined in Section 9-102 of the UCC) hereunder (in such capacities, the “Securities Intermediary”) with respect to each Paying Agent Account.

More Definitions of Paying Agent Account

Paying Agent Account as defined in the Escrow and Paying Agent Agreement pertaining to the Class G Trust.

Paying Agent Account means the account with such name established and maintained pursuant to Section 2.06.

Paying Agent Account means the account of the Paying Agent specified below: Bank: LaSalle Bank, Troy, Michigan ABA Number: 000000000 Account Name: Penske Corporation Account Number: 6871237308

Paying Agent Account means the respective account established with and held by the Paying Agent for the Bonds and the Paying Agent for the Notes for the purpose of paying debt service respectively on the Bonds and the Notes.

Paying Agent Account shall have the meaning assigned to that term in Section 9(a) hereof.

Paying Agent Account shall have the meaning set forth in Section 8.2(A)(vvi).

Paying Agent Account means the bank account(s) of the Borrower maintained with each of the paying agents for the Debentures into which the proceeds of borrowings under the Facility to effect the Refinancing are to be deposited.