Paying and Conversion Agent definition

Paying and Conversion Agent means the Principal Paying Agent and any other paying and conversion agent appointed in accordance with this Contingent Convertible Capital Securities Indenture or any supplemental indenture and includes any successors thereto appointed from time to time in accordance with this Contingent Convertible Capital Securities Indenture or any supplemental indenture.

Paying and Conversion Agent means the legal entity appointed by the Issuer to act as its paying and conversion agent with respect to the Bonds in the CSD.

Paying and Conversion Agent has the meaning given in Section 2.5 hereof.

Examples of Paying and Conversion Agent in a sentence

• Copies of the Trust Deed and the Agency Agreement are available for inspection during normal business hours by prior arrangement at the registered office for the time being of the Trustee and at the specified office of each of the Principal Paying and Conversion Agent, the other Paying Agents (if any), the Registrar and the Transfer Agents appointed from time to time pursuant to the terms of the Agency Agreement.

• Principal Paying and Conversion Agent The Bank of New York Mellon, London Branch.

• The Calculation Agent may consult, at the expense of the Issuer, on any matter (including, but not limited to, any legal matter), any legal or other professional adviser and it shall be able to rely upon, and it shall not be liable and shall incur no liability as against the Bond Trustee, the Bondholders or the Paying and Conversion Agent in respect of anything done, or omitted to be done, relating to that matter in good faith, in accordance with that adviser’s opinion.

• The initial Principal Paying and Conversion Agent, the initial Registrar and (if applicable) the initial Calculation Agent and any Transfer Agent(s) appointed in respect of a Series of Securities, are as named herein or in the relevant Pricing Supplement (as defined below).

• Depending on any currency exchange settlement agreements between each Bondholder’s bank and the Paying and Conversion Agent, and opening hours of the receiving bank, cash settlement may be delayed, and payment shall be deemed to have been made once the cash settlement has taken place, provided, however, that no default interest or other penalty shall accrue for the account of the Issuer for such delay.

More Definitions of Paying and Conversion Agent

Paying and Conversion Agent means the legal entity appointed by the Issuer to act as its paying and conversion agent with respect to the Bonds in the CSD, being DNB Bank ASA, reg. no. 984 851 006, P.O. Box 1600 Sentrum, 0021 Oslo, Norway.

Paying and Conversion Agent means the several institutions (including the Principal Paying and Conversion Agent) initially appointed as Paying and Conversion Agents by the Issuer and the Guarantor pursuant to the Agency Agreement and/or any Successor of any Paying and Conversion Agent in each case at their respective specified offices; Potential Event of Default means any condition, event or act which, with the lapse of time and/or the issue, making or giving of any notice, certification, declaration, demand, determination and/or request and/or the taking of any similar action and/or the fulfilment of any similar condition, would constitute an Event of Default;

Paying and Conversion Agent means the Principal Paying Agent and any other paying and conversion agent appointed in accordance with the Base Indenture, as supplemented by the First Supplemental Indenture, and includes any successors thereto appointed from time to time in accordance with the Base Indenture or the First Supplemental Indenture. The Trustee will initially act as the Paying and Conversion Agent in respect of the Notes.

Paying and Conversion Agent means, when used with respect to the Contingent Convertible Preferred Securities of any series, the Principal Paying Agent and any other paying and conversion agent appointed in accordance with the Contingent Convertible Preferred Securities Indenture or any supplemental indenture with respect to such series and includes any successors thereto appointed from time to time in accordance with the Contingent Convertible Preferred Securities Indenture or any such supplemental indenture.

Paying and Conversion Agent and “Security Trustee” means The Bank of New York Mellon and any successors;

Paying and Conversion Agent means DNB Bank ASA or any other legal entity appointed by the Issuer to act as its paying and conversion agent with respect to the Bonds in the CSD.

Paying and Conversion Agent means UBS AG in its function as payment and conversion agent for the Notes acting on behalf of the Issuer;