Examples of Payment Agency Agreement in a sentence
Review Date has the same meaning as in the Hercules Payment Agency Agreement.
Hercules Waterfall Account means a bank account in the name of the U.K. Asbestos Trustee (and, when the Trust has come into existence and has become an account-holder of the account) the Trust and designated as the "Hercules Waterfall Trust Account" and in respect of which the Hercules Payment Agents are the sole authorized signatories as more particularly described in the Hercules Payment Agency Agreement.
In respect of the pay-out for the Seller's Special Bonus and the Transaction bonus payments specified in Exhibit 15.1.2 (f), the Parties will agree on a Payment Agency Agreement.
The Trustee shall make distributions from the Trust Fund to such persons, in such amounts (but not exceeding the then value of the Plan Account to which the distribution is chargeable), at such times and in such manner as the Administrative Committee or its designee shall from time to time direct pursuant to a separate Benefit Payment Agency Agreement executed by the Company, the Administrative Committee and the Trustee.
The Trustee shall make distributions from the Trust Fund to such persons, in such amounts (but not exceeding the then value of the Trust Fund), at such times and in such manner as the Administrative Committee or its designee shall from time to time direct pursuant to a separate Benefit Payment Agency Agreement executed by the Company, the Administrative Committee and the Trustee.
The Parties acknowledge that (i) the Company is party to that certain Walk-In Payment Agency Agreement between the Company and BellSouth Affiliate Services Corporation ("BellSouth") dated as of August 9, 2002 and (ii) the Seller has guaranteed certain of the Company's obligations under such agreement pursuant to that certain Guarantee dated as of August 9, 2002 (the "Guarantee").
As soon as practicable after the Effective Date, the Trust shall (i) accede to the Hercules Payment Agency Agreement by executing an accession deed substantially in the form set out in Schedule 1 to the Hercules Payment Agency Agreement (ii) use all reasonable endeavors to procure that the Trust shall become an account holder of the Hercules Waterfall Account jointly with the U.K. Asbestos Trust.
Hercules U.S. Holding Account means a bank account in the name of the Hercules Payment Agents and designated as the "The Hercules Payment Agents' U.S. Holding Trust Account" and in respect of which the Hercules Payment Agents are the sole authorized signatories as more particularly described in the Hercules Payment Agency Agreement.
Not later than 4.00 pm (Sydney time) on each Determination Date, the Trust Manager on behalf of the Trustee shall notify, or procure notification to, the Principal Paying Agent and the Note Trustee of the amount of interest or principal payable in respect of each Class of US$ Notes on the Payment Agency Agreement Allens Xxxxxx Xxxxxxxx -------------------------------------------------------------------------------- Date following that Determination Date.
Any payments of the Aggregate Merger Consideration made to the holders of Stock Options or other Awards with respect to such Stock Options or other Awards pursuant to the Distribution Waterfall (x) shall be paid through the Company’s payroll system, (y) shall be paid net of all applicable withholding and other Taxes required by applicable Law to be withheld by the Company and net of all other authorized deductions and (z) shall not be paid to the Agent for payment pursuant to the Payment Agency Agreement.