Examples of US Paying Agent in a sentence
The US Paying Agent irrevocably and unconditionally appoints the Principal Paying Agent at its registered office for the time being as its agent for service of process in England in respect of any proceedings in respect of this Agreement and undertakes that in the event of the Principal Paying Agent ceasing so to act it will appoint another person with a registered office in London as its agent for service of process.
Each of the Principal Paying Agent, the US Paying Agent and the Agent Bank accepts its appointment as agent of the Current Issuer and, for the purpose of Clause 11 (Agents to act for Note Trustee) only, the Note Trustee in relation to the Current Issuer Notes and agrees to comply with the provisions of this Agreement and to perform its duties under the Current Issuer Conditions.
If following such a request the U.S. Paying Agent fails to appoint another agent the Security Trustee shall be entitled to appoint one on their behalf.
The U.S. Paying Agent agrees that failure by a process agent to notify the U.S. Paying Agent of the process will not invalidate the proceedings concerned.
The U.S. Paying Agent shall at all times maintain an agent for service of process of any other documents in proceedings in England or any proceedings in connection with this Deed.