Note Paying Agents Sample Clauses

Note Paying Agents. (a) The Indenture Trustee may appoint one or more Note Paying Agents that meet the eligibility standards for the Indenture Trustee specified in Section 6.11(a). The Note Paying Agents will have the power to make distributions from the Trust Accounts. (b) Any Person into which a Note Paying Agent may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, consolidation or conversion to which a Note Paying Agent is a party, or any Person succeeding to all or substantially all of the corporate trust business of a Note Paying Agent, will be the successor of such Note Paying Agent under this Indenture without the execution or filing of any document or any further act. (c) A Note Paying Agent may resign by giving notice of resignation to the Indenture Trustee, the Administrator and the Issuer. The Indenture Trustee may terminate the agency of a Note Paying Agent by giving notice of termination to such Note Paying Agent, the Administrator and the Issuer. Upon receiving such notice of resignation or upon such a termination, the Indenture Trustee may appoint a successor Note Paying Agent and will notify the Administrator and the Issuer of any such appointment. (d) Sections 2.8 and 6.4 will apply to each Note Paying Agent.
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Note Paying Agents. (a) The Indenture Trustee may appoint one or more Note Paying Agents that meet the eligibility standards for the Indenture Trustee specified in Section 6.11(a). The Note Paying Agents will have the power to make distributions from the Trust Accounts. (b) Any Person into which a Note Paying Agent may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, consolidation or conversion to which a Note Paying Agent is a party, or any Person succeeding to all or substantially all of the corporate trust business of a Note Paying Agent, will be the successor of such Note Paying Agent under this Indenture without the execution or filing of any document or any further act.
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Note Paying Agents. (a) The Indenture Trustee may appoint one or more Note Paying Agents with the power to make payments to and distribution from the Trust Accounts and the Reserve Account. (b) Any corporation into which any Note Paying Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, consolidation or conversion to which any Note Paying Agent shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of any Note Paying Agent shall be the successor of such Note Paying Agent hereunder, provided such corporation will be otherwise eligible under this Section, without the execution or filing of any further act on the part of the parties hereto or such Note Paying Agent or such successor corporation. (c) Any Note Paying Agent may at any time resign by giving written notice of resignation to the Indenture Trustee, the Administrator and the Issuer. The Indenture Trustee may at any time terminate the agency of any Note Paying Agent by giving written notice of termination to such Note Paying Agent and the Issuer. Upon receiving such notice of resignation or upon such a termination, the Indenture Trustee may appoint a successor Note Paying Agent and shall give written notice of any such appointment to Issuer. Any successor Note Paying Agent upon acceptance of its appointment hereunder shall become vested with all of the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as Note Paying Agent. No successor Note Paying Agent will be appointed unless eligible under the provisions of this Section. (d) The Indenture Trustee agrees to pay to each Note Paying Agent from time to time reasonable compensation for its services as agreed upon between the Note Paying Agent and the Indenture Trustee. These expenses shall not be an expense of the Issuer or reimbursable pursuant to Section 6.7. The provisions of Section 6.4 shall be applicable to any Note Paying Agent.
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Note Paying Agents. (a) The Indenture Trustee may appoint one or more Note Paying Agents with the power to make payments to and distribution from the Trust Accounts and the Reserve Account. (b) Any corporation into which any Note Paying Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, consolidation or conversion to which any Note Paying Agent shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of any Note Paying Agent shall be the successor of such Note Paying Agent hereunder, without the execution or filing of any further act on the part of the parties hereto or such Note Paying Agent or such successor corporation. (c) Any Note Paying Agent may at any time resign by giving written notice of resignation to Indenture Trustee and Administrator. Indenture Trustee may at any time terminate the agency of any Note Paying Agent by giving written notice of termination to such Note Paying Agent. Upon receiving such notice of resignation or upon such a termination, Indenture Trustee may appoint a successor Note Paying Agent and shall give written notice of any such appointment to Administrator. (d) The Indenture Trustee agrees to pay to each Note Paying Agent from time to time reasonable compensation for its services as agreed upon between the Note Paying Agent and the Indenture Trustee. The provisions of Section 6.4 shall be applicable to any Note Paying Agent. 2000-1 Indenture
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Note Paying Agents 
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Related to Note Paying Agents

  • Paying Agents (a) If the Company shall appoint one or more paying agents for all or any series of the Securities, other than the Trustee, the Company will cause each such paying agent to execute and deliver to the Trustee an instrument in which such agent shall agree with the Trustee, subject to the provisions of this Section: (1) that it will hold all sums held by it as such agent for the payment of the principal of (and premium, if any) or interest on the Securities of that series (whether such sums have been paid to it by the Company or by any other obligor of such Securities) in trust for the benefit of the Persons entitled thereto; (2) that it will give the Trustee notice of any failure by the Company (or by any other obligor of such Securities) to make any payment of the principal of (and premium, if any) or interest on the Securities of that series when the same shall be due and payable; (3) that it will, at any time during the continuance of any failure referred to in the preceding paragraph (a)(2) above, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such paying agent; and (4) that it will perform all other duties of paying agent as set forth in this Indenture. (b) If the Company shall act as its own paying agent with respect to any series of the Securities, it will on or before each due date of the principal of (and premium, if any) or interest on Securities of that series, set aside, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay such principal (and premium, if any) or interest so becoming due on Securities of that series until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of such action, or any failure (by it or any other obligor on such Securities) to take such action. Whenever the Company shall have one or more paying agents for any series of Securities, it will, prior to each due date of the principal of (and premium, if any) or interest on any Securities of that series, deposit with the paying agent a sum sufficient to pay the principal (and premium, if any) or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium or interest, and (unless such paying agent is the Trustee) the Company will promptly notify the Trustee of this action or failure so to act. (c) Notwithstanding anything in this Section to the contrary, (i) the agreement to hold sums in trust as provided in this Section is subject to the provisions of Section 11.05, and (ii) the Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or direct any paying agent to pay, to the Trustee all sums held in trust by the Company or such paying agent, such sums to be held by the Trustee upon the same terms and conditions as those upon which such sums were held by the Company or such paying agent; and, upon such payment by the Company or any paying agent to the Trustee, the Company or such paying agent shall be released from all further liability with respect to such money.

  • Paying Agent 6 Person..........................................................6

  • Paying Agent and Security Registrar The Trustee will act as Paying Agent, Security Registrar and Conversion Agent. The Company may change any Paying Agent, Security Registrar, co-registrar or Conversion Agent without prior notice. The Company or any of its Affiliates may act in any such capacity.