Principal Paying Agents definition
Examples of Principal Paying Agents in a sentence
The Issuer shall procure that these amounts will be transferred in GBP free of charge prior to 11.00 a.m. Luxembourg time on each Payment Date to the Principal Paying Agent's account, as notified to the Issuer from time to time, for payment to the Noteholders and the Lenders.
If, by the close of business on the third business day following the intended Issue Date of the Defaulted Note, the Defaulted Note has not been transferred from the Principal Paying Agent's distribution account, the Principal Paying Agent or, with respect to CMU Notes, the CMU Lodging and Paying Agent may cancel the Defaulted Note without the need for any further instruction.
If the Notes are to be listed on the Luxembourg Stock Exchange, the Company will advise the Principal Paying Agents and the Agent as to the entity it has appointed as listing agent (the "Listing Agent"), which will coordinate with the Principal Paying Agents and the Agent on a regular basis for the purpose of providing the Luxembourg Stock Exchange with such information regarding Bearer Notes issued and outstanding as such Exchange may require.
The Issuer shall procure that these amounts will be transferred in GBP free of charge prior to 11.00 a.m. Luxembourg time on each Payment Date to the Principal Paying Agent's account, as notified to the Issuer from time to time, for payment to the Noteholders.
The Principal Paying Agent may also transfer the personal data to any country (including countries outside the European Economic Area where there may be less stringent data protection laws) to process information on the Principal Paying Agent's behalf.
Wherever it is processed, the personal data will be protected by a strict code of secrecy and security to which all members of the Principal Paying Agent's corporate group, their staff and any third parties are subject, and will only be used in accordance with the Principal Paying Agent's instructions.
The Issuer, failing whom the Guarantor, shall procure that the bank through which the payment to the Issuing and Principal Paying Agent required by Clause 4.1 is to be made shall irrevocably confirm to the Issuing and Principal Paying Agent by facsimile or authenticated SWIFT message no later than 3.00 p.m. (local time in the city of the Issuing and Principal Paying Agent's specified office) on the second Business Day before the due date for any such payment that it will make such payment.
After that, all liability of the Trustee and such Principal Paying Agents with respect to such funds shall cease.
Immediately upon receipt of the Registered Note in respect of which such failure occurred, the Principal Paying Agent will ▇▇▇▇ such Note "cancelled", make appropriate entries in the Principal Paying Agent's records and send such Note to the relevant Issuer.
Copies of such documentation shall be made available by the Indenture Trustee to the Noteholders or the other New York Paying Agents or Principal Paying Agents, as applicable, upon written request therefor.