Examples of Principal Paying Agent in a sentence
A copy of all communications relating to the subject matter of this Agreement between the Issuer or the Trustee and any of the Agents other than the Principal Paying Agent shall be sent to the Principal Paying Agent.
Where Securities are purchased by or on behalf of the Issuer or any of its Subsidiaries, the Issuer shall immediately notify the Principal Paying Agent of the principal amount of those Securities it has purchased and may (at the option of the Issuer) procure that the Securities (together with all unmatured Coupons and Talons appertaining to those Securities) are promptly cancelled and delivered to the Principal Paying Agent or its authorised agent.
If the Issuer decides to redeem all (but not some only) of the Securities for the time being outstanding under Condition 6 (Redemption and Purchase), it shall give notice of the decision to the Principal Paying Agent, the Trustee and the Agent Bank at least 10 and not more than 60 calendar days before the relevant redemption date, stating in such notice the date on which the Securities are to be redeemed, the redemption price and the manner in which such redemption will be effected.
Notice of any merger, conversion or consolidation shall forthwith be given to the Issuer, the Trustee and, where appropriate, the Principal Paying Agent.
The Principal Paying Agent shall charge the account referred to in Clause 4 for all payments made by it under this Agreement and will credit or transfer to the respective accounts of the other Paying Agents the amount of all payments made by them under the Conditions as soon as practicable upon notification from them, subject in each case to any applicable laws or regulations.