Principal Paying Agent definition
Examples of Principal Paying Agent in a sentence
The Trustee or the Principal Paying Agent will promptly return to the Issuers any money deposited with the Trustee or the Principal Paying Agent by the Issuers in excess of the amounts necessary to pay the redemption or purchase price of, accrued interest, the Applicable Premium, if any, and Additional Amounts, if any, on all Notes to be redeemed or purchased.
For so long as the Notes are listed on the Official List of the Exchange and admitted for trading on the Exchange and the rules of the Authority so require, the Issuers will notify the Authority of any change of Principal Paying Agent, Registrar or Transfer Agent.
The Trustee and the Principal Paying Agent shall be entitled to rely solely on such Officer’s Certificate as conclusive proof that such payments are necessary.
Initially, Citibank, N.A., London Branch, will act as Principal Paying Agent and Transfer Agent and Citibank Europe plc will act as Registrar.
In such event, the Issuers shall provide the Principal Paying Agent with an Officer’s Certificate requesting that a notice of redemption be given together with a form of such notice at least three Business Days prior to the publication of the notice of redemption (or such shorter period as agreed by the Issuers and the Principal Paying Agent).