Trust Paying Agent definition

Trust Paying Agent means the “Paying Agent” appointed and acting in such capacity pursuant to the Trust Agreement.

Trust Paying Agent has the same meaning as “Paying Agent” as defined in the Trust Agreement.

Trust Paying Agent means any paying agent or co-paying agent appointed pursuant to Section 3.9 and authorized by the Owner Trustee to make payments to and distributions from the Certificate Distribution Account.

Examples of Trust Paying Agent in a sentence

• The Trust Paying Agent shall not be liable for payment of any interest or losses in respect of such moneys.

• The Grantor Trust Paying Agent shall initially be the Grantor Trust Trustee, and any co-paying agent chosen by the Grantor Trust Trustee.

• The Holder, by receiving and holding the Grantor Trust Certificate, shall be deemed to have agreed not to hold any of the Grantor Trust Paying Agent, the Grantor, the Grantor Trust Certificate Registrar or the Grantor Trust Trustee accountable by reason of the disclosure of its name and address, regardless of the source from which such information was derived.

• The provisions of Sections 6.3, 6.6, 6.7 and 6.9 shall apply to the Grantor Trust Trustee also in its role as Grantor Trust Paying Agent or Grantor Trust Certificate Registrar for so long as the Grantor Trust Trustee shall act as Grantor Trust Paying Agent or Grantor Trust Certificate Registrar and, to the extent applicable, to any other paying agent, grantor trust certificate registrar or authenticating agent appointed hereunder.

• The Trust Paying Agent shall have the revocable power to withdraw funds from the Certificate Distribution Account for the purpose of making the distributions referred to above.

More Definitions of Trust Paying Agent

Trust Paying Agent. The entity appointed to act as paying agent pursuant to the Trust Agreement with respect to amounts on deposit from time to time in the Certificate Distribution Account and distributions thereof to Certificateholders. The initial Trust Paying Agent is Norwest Bank Minnesota, National Association.

Trust Paying Agent. The entity appointed to act as paying agent pursuant to the Trust Agreement with respect to amounts on deposit from time to time in the Certificate Distribution Account and distributions thereof to Certificateholders. The initial Trust Paying Agent is The Bank of New York.

Trust Paying Agent means The Chase Manhattan Bank or any successor in interest thereto or any other paying agent or co-paying agent appointed pursuant to Section 3.9 and authorized by the Issuer to make payments to and distributions from the Certificate Distribution Account, including payment of principal of or interest on the Certificates on behalf of the Issuer.

Trust Paying Agent shall have the meaning specified in Section 3.13 of the Trust Agreement.

Trust Paying Agent means the “Paying Agent” appointed and acting in such capacity pursuant to the Trust Agreement. “Trust Property” means the Initial Trust Property and the Subsequent Trust Property, collectively.

Trust Paying Agent. As defined in the Deposit Trust Agreement.

Trust Paying Agent means the Owner Trustee or the Qualified Institution at which the Depositor Interest Account is established.