Payments to the Paying Agents Sample Clauses

The "Payments to the Paying Agents" clause defines the process by which funds are transferred from the issuer or obligor to designated paying agents for onward distribution to beneficiaries, such as bondholders or creditors. Typically, this clause outlines the timing, method, and currency of payments, and may specify the responsibilities of the paying agents in handling and disbursing the funds. Its core practical function is to ensure a clear and reliable mechanism for the flow of payments, minimizing the risk of delays or errors in distributing funds to the intended recipients.
Payments to the Paying Agents. 7.1 Current Issuer to pay the Paying Agents: In order to provide for the payment of interest and principal in respect of the Current Issuer Notes as the same becomes due and payable in accordance with the Current Issuer Conditions and the Current Issuer Trust Deed, the Current Issuer shall pay to the Paying Agents or otherwise cause the Paying Agents to receive on or before the date on which such payment becomes due, an amount which is equal to the amount of principal and interest then falling due in respect of the Current Issuer Notes on such Payment Date.
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Payments to the Paying Agents. ‌ 7.1 Issuer to pay the Principal Paying Agent and Class S VFN Registrar‌ 7.1.1 In order to provide for the payment of interest and principal in respect of the Notes and Residual Payments Amounts in respect of the Residual Certificates as the same becomes due and payable in accordance with the Conditions, the Residual Certificates Conditions and the Trust Deed, the Issuer shall pay to the Principal Paying Agent (in respect of the Notes (other than the Class S VFN) and the Residual Certificates) or the Class S VFN Registrar (in respect of the Class S VFN) or otherwise cause the Principal Paying Agent or the Class S VFN Registrar (as applicable) to receive on or before the date on which such payment becomes due, an amount which is equal to the amount of principal and interest then falling due in respect of the Notes or Residual Payments Amounts then falling due in respect of the Residual Certificates on such Interest Payment Date.
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Payments to the Paying Agents. 7.1 Issuer to pay the Principal Paying Agent 7.1.1 In order to provide for the payment of interest and principal in respect of the Notes as the same becomes due and payable in accordance with the Conditions and the Trust Deed, the Issuer shall pay to the Principal Paying Agent or otherwise cause the Principal Paying Agent to receive on or before the date on which such payment becomes due, an amount which is equal to the amount of principal and interest then falling due in respect of the Notes on such Interest Payment Date. 7.1.2 The Principal Paying Agent acknowledges and agrees that the Issuer may from time to time arrange for the Currency Swap Provider to pay amounts due by the Currency Swap Provider to the Issuer under the Currency Swap Agreement directly to the Principal Paying Agent to provide for the payment of interest and principal in respect of the Class A1 Notes.
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Payments to the Paying Agents. 7.1 Issuer to pay the Principal Paying Agent and
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Payments to the Paying Agents. 7.1 Master Issuer to pay the Paying Agents: In order to provide for the payment of interest and principal in respect of a Series and Class of Issuer Notes as the same becomes due and payable in accordance with the Issuer Conditions and the Issuer Trust Deed, the Master Issuer shall pay to the Paying Agents or otherwise cause the Paying Agents to receive on or before the date on which such payment becomes due, an amount which is equal to the amount of principal and interest then falling due in respect of such Series and Class of Issuer Notes on such date.
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Payments to the Paying Agents 
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Related to Payments to the Paying Agents

  • Payments to the Owner Trustee Any amounts paid to the Owner Trustee pursuant to this Article VIII shall be deemed not to be a part of the Owner Trust Estate immediately after such payment.

  • Payments to the Agent On each date on which an Obligor or a Lender is required to make a payment under a Finance Document, that Obligor or Lender shall make the same available to the Agent (unless a contrary indication appears in a Finance Document) for value on the due date at the time and in such funds specified by the Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment.

  • Payments to the Owner Allstate Life shall withdraw from the Funding Account and pay to or at the direction of the Owner amounts in accordance with the terms set forth in the Annex hereto. All payments made by Allstate Life to the Owner hereunder shall be paid in cash, in same-day, freely transferable funds on the date of payment to such account as has been specified for such purpose in writing by the Owner to Allstate Life.

  • Payments to Owner Trustee Any amounts paid to the Owner Trustee pursuant to this Article VIII shall be deemed not to be a part of the Owner Trust Estate immediately after such payment.

  • Payments to Finance Parties (a) Subject to paragraph (b) below, if a Finance Party (a “Recovering Finance Party”) receives or recovers any amount from an Obligor other than in accordance with Clause 33 (Payment mechanics) (a “Recovered Amount”) and applies that amount to a payment due under the Finance Documents then: (i) the Recovering Finance Party shall, within three (3) Business Days, notify details of the receipt or recovery to the Agent; (ii) the Agent shall determine whether the receipt or recovery is in excess of the amount the Recovering Finance Party would have been paid had the receipt or recovery been received or made by the Agent and distributed in accordance with Clause 33 (Payment mechanics), without taking account of any Tax which would be imposed on the Agent in relation to the receipt, recovery or distribution; and (iii) the Recovering Finance Party shall, within three (3) Business Days of demand by the Agent, pay to the Agent an amount (the “Sharing Payment”) equal to such receipt or recovery less any amount which the Agent determines may be retained by the Recovering Finance Party as its share of any payment to be made, in accordance with Clause 33.6 (Partial payments). (b) Paragraph (a) above shall not apply to any amount received or recovered by an Ancillary Lender in respect of any cash cover provided for the benefit of that Ancillary Lender.