Paying Agent definition: Copy, customize, and use instantly
Introduction
The term "Paying Agent" refers to an entity appointed to handle payments of interest, dividends, principal, or other disbursements on behalf of an issuer in a financial transaction. It ensures timely and accurate distribution of funds to bondholders, shareholders, or other recipients.
A Paying Agent is essential for facilitating financial transactions, managing compliance with contractual payment terms, and ensuring efficient fund transfers.
Below are various examples of how "Paying Agent" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Paying Agent" as a Bond Trustee
This definition ties "Paying Agent" to bond payment processing.
"Paying Agent" means the financial institution or entity designated to receive funds from the issuer and distribute principal and interest payments to bondholders as per the bond agreement.
Definition of "Paying Agent" as a Dividend Distributor
This definition connects "Paying Agent" to shareholder payments.
"Paying Agent" refers to the entity responsible for disbursing dividends to shareholders in accordance with corporate policies and applicable regulations.
Definition of "Paying Agent" as an Escrow Agent
This definition links "Paying Agent" to escrow transactions.
"Paying Agent" means the financial institution or entity designated to hold and release funds in escrow, ensuring proper compliance with the terms of the transaction.
Definition of "Paying Agent" as a Debt Servicer
This definition applies "Paying Agent" to debt repayment management.
"Paying Agent" refers to the institution responsible for processing and distributing loan or bond repayments, ensuring proper allocation to creditors or investors.
Definition of "Paying Agent" as a Fiscal Agent
This definition ties "Paying Agent" to governmental or corporate fiscal duties.
"Paying Agent" means the entity authorized to manage payment-related activities, including interest and principal disbursements, on behalf of a government or corporate issuer.
Definition of "Paying Agent" as a Warrant Agent
This definition connects "Paying Agent" to warrant redemptions.
"Paying Agent" refers to the entity designated to process and distribute payments to holders of warrants upon their exercise or redemption.
Definition of "Paying Agent" as a Structured Finance Payment Processor
This definition links "Paying Agent" to structured financial instruments.
"Paying Agent" means the institution responsible for handling cash flows and payments within structured finance transactions, ensuring compliance with legal and contractual requirements.
Definition of "Paying Agent" as a Sinking Fund Manager
This definition applies "Paying Agent" to sinking fund administration.
"Paying Agent" refers to the entity responsible for managing sinking fund payments and ensuring timely debt retirement in accordance with bond terms.
Definition of "Paying Agent" as a Custodial Payment Administrator
This definition ties "Paying Agent" to custodial fund disbursement.
"Paying Agent" means the financial institution designated to hold funds in custody and process payments as directed by the issuer or trustee.
Definition of "Paying Agent" as a Tender Offer Payment Facilitator
This definition connects "Paying Agent" to corporate acquisitions.
"Paying Agent" refers to the institution handling payments to shareholders during tender offers, mergers, or acquisitions, ensuring compliance with offer terms.
Definition of "Paying Agent" as a Syndicated Loan Payment Manager
This definition links "Paying Agent" to syndicated loan settlements.
"Paying Agent" means the entity responsible for receiving principal and interest payments from borrowers and distributing them to syndicate lenders.
Definition of "Paying Agent" as a Redemption Agent
This definition applies "Paying Agent" to callable securities.
"Paying Agent" refers to the entity managing redemption payments to investors when callable bonds, preferred shares, or other redeemable securities are repurchased by the issuer.
Definition of "Paying Agent" as an Interest Payment Processor
This definition ties "Paying Agent" to fixed-income security payouts.
"Paying Agent" means the financial institution responsible for calculating and distributing interest payments to holders of fixed-income securities.
Definition of "Paying Agent" as a Collateralized Loan Obligation (CLO) Payment Facilitator
This definition connects "Paying Agent" to CLO payments.
"Paying Agent" refers to the institution tasked with disbursing payments from collateralized loan obligations to investors, ensuring compliance with structured finance agreements.
Definition of "Paying Agent" as a Cross-Border Payment Coordinator
This definition links "Paying Agent" to international transactions.
"Paying Agent" means the entity responsible for processing cross-border interest, dividend, and principal payments, ensuring compliance with jurisdictional requirements.
Definition of "Paying Agent" as a Proxy Payment Handler
This definition applies "Paying Agent" to proxy vote-related payments.
"Paying Agent" refers to the institution responsible for distributing payments related to proxy voting events, shareholder rights exercises, or consent solicitations.
Definition of "Paying Agent" as a Liquidation Distribution Facilitator
This definition ties "Paying Agent" to liquidation proceedings.
"Paying Agent" means the financial institution managing payments to creditors and shareholders during corporate liquidations or restructurings.
Definition of "Paying Agent" as a Reorganization Payment Administrator
This definition connects "Paying Agent" to bankruptcy settlements.
"Paying Agent" refers to the entity tasked with distributing settlement payments to stakeholders as part of corporate reorganization or bankruptcy proceedings.
Definition of "Paying Agent" as a Settlement Payment Agent
This definition links "Paying Agent" to financial settlements.
"Paying Agent" means the institution responsible for handling financial settlement payments between parties in securities, derivatives, or loan transactions.
Definition of "Paying Agent" as a Debt Issuance Payment Processor
This definition ties "Paying Agent" to debt issuance settlements.
"Paying Agent" means the entity responsible for handling the distribution of funds during the issuance of bonds, notes, or other debt instruments.
Definition of "Paying Agent" as a Mortgage-Backed Securities (MBS) Payment Handler
This definition connects "Paying Agent" to mortgage-backed security transactions.
"Paying Agent" refers to the institution responsible for collecting mortgage payments from servicers and distributing principal and interest to MBS investors.
Definition of "Paying Agent" as a Private Equity Fund Distribution Manager
This definition links "Paying Agent" to private equity fund payouts.
"Paying Agent" means the entity responsible for disbursing distributions, capital returns, and dividend payments to investors in a private equity fund.
Definition of "Paying Agent" as a Convertible Securities Payment Administrator
This definition applies "Paying Agent" to convertible securities.
"Paying Agent" refers to the institution managing interest or dividend payments to holders of convertible bonds or preferred shares.
Definition of "Paying Agent" as a Corporate Actions Payment Processor
This definition ties "Paying Agent" to corporate events.
"Paying Agent" means the entity designated to manage payments related to stock splits, rights offerings, and other corporate actions.
Definition of "Paying Agent" as a Royalty Payment Facilitator
This definition connects "Paying Agent" to intellectual property earnings.
"Paying Agent" refers to the institution responsible for collecting and distributing royalty payments to copyright or patent holders.
Definition of "Paying Agent" as a Tax Withholding Agent
This definition links "Paying Agent" to tax compliance.
"Paying Agent" means the entity designated to withhold and remit taxes on interest, dividend, or other financial disbursements in compliance with tax regulations.
Definition of "Paying Agent" as a Municipal Bond Payment Manager
This definition applies "Paying Agent" to public finance.
"Paying Agent" refers to the institution responsible for disbursing payments to investors in municipal bonds, ensuring proper fund allocation.
Definition of "Paying Agent" as a Structured Settlement Payment Processor
This definition ties "Paying Agent" to structured settlements.
"Paying Agent" means the financial institution managing periodic payments to recipients of structured settlements from legal claims.
Definition of "Paying Agent" as a Trust Fund Distribution Manager
This definition connects "Paying Agent" to trust fund disbursements.
"Paying Agent" refers to the entity responsible for processing payments from trust accounts to beneficiaries according to trust agreements.
Definition of "Paying Agent" as a Pension Plan Payment Processor
This definition links "Paying Agent" to retirement fund management.
"Paying Agent" means the institution responsible for disbursing pension and retirement plan payments to beneficiaries.
Definition of "Paying Agent" as a Syndicated Debt Interest Distributor
This definition applies "Paying Agent" to syndicated lending.
"Paying Agent" refers to the institution handling interest and principal payments on behalf of multiple lenders in a syndicated loan agreement.
Definition of "Paying Agent" as a Commodities Trade Settlement Processor
This definition ties "Paying Agent" to commodities transactions.
"Paying Agent" means the financial entity responsible for handling payments and settlements related to commodities trades.
Definition of "Paying Agent" as a Custodial Securities Payment Manager
This definition connects "Paying Agent" to asset custody services.
"Paying Agent" refers to the institution managing dividend, interest, and redemption payments for securities held in custody.
Definition of "Paying Agent" as a Capital Markets Transaction Administrator
This definition links "Paying Agent" to capital market activities.
"Paying Agent" means the entity designated to manage cash flows, payments, and fund distributions within capital markets transactions.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.