Examples of Paying Agent and Custody Agreement in a sentence
However, the Servicer shall in no event be entitled to receive payment from the Issuer, but must instead be paid from funds available under the Paying Agent and Custody Agreement.
On or prior to the Closing Date, the Issuer shall deliver or cause to be delivered the original Tax Lien Certificate for each Tax Lien to the Indenture Trustee, in its capacity as Collateral Agent and Custodian under the Indenture, if Bonds have been issued, or under the Paying Agent and Custody Agreement, if Bonds have not been issued.
The Servicer will not file any petition that would cause the Issuer to become Bankrupt until one year and one day after the date on which the Indenture or the Paying Agent and Custody Agreement is terminated, whichever occurs later.
The Servicer also will be reimbursed for any Lien Administration Expenses paid by it on the Early Termination Date, but only if the Closing Date has not occurred, as provided in Section 2.02(b) of the Paying Agent and Custody Agreement.
All of the capitalized terms used herein shall have the meanings given them in the Indenture or the Paying Agent and Custody Agreement, as applicable, or as set forth below except where otherwise expressly defined or where the context clearly indicates another definition is intended, and such meanings are equally applicable to the singular and the plural forms of such terms, as the context may require.
The Servicing Fee shall be paid to the Servicer subject to, and in accordance with, the provisions of Section 2.12 of the Indenture or Section 2.02 of the Paying Agent and Custody Agreement, as applicable.
All of the capitalized terms used in this Exhibit C shall have the meanings given them in the Indenture, the Paying Agent and Custody Agreement, elsewhere in this Servicing Agreement, or as set forth below, except where otherwise expressly defined or where the context clearly indicates another definition is intended, and such meanings are equally applicable to the singular and the plural forms of such terms, as the context may require.
All moneys received by the Issuer Trustee in respect of the Trust Estate and not held pursuant to the Indenture or the Paying Agent and Custody Agreement shall be deposited in the Distribution Account and distributed to the Owner in accordance with Section 2.06.
All moneys received by the Issuer Trustee in respect of the Trust Estate and not held pursuant to the Paying Agent and Custody Agreement shall be deposited in the Distribution Account and distributed to the Owner in accordance with Section 2.06.
The Servicer shall request, pursuant to Section 4.03(c) of the Paying Agent and Custody Agreement, that the Bank withdraw from the Working Capital Reserve Fund such amounts as will be sufficient to pay Lien Administration Expenses as they become due and payable.