If the paying agent is downgraded below 'A-2', it must be replaced within 10 days with a substitute paying agent that is rated at least 'A-2', Standard & Poor's said.
What does PA stand for?
PA stands for Paying Agent
This definition appears very frequently and is found in the following Acronym Finder categories:
- Military and Government
- Business, finance, etc.
See other definitions of PA
We have 249 other meanings of PA in our Acronym Attic
- Passenger Announcement (airlines)
- Passive Aggressive (behavioral health)
- Pastoral Administrator
- Pastoral Assistant
- Pathologists' Assistant
- Patients Association (UK)
- Patronato Antialcohólico (Guatemala)
- Paulus Apostolus (Apostol Paul)
- Pax Americana
- Pay Attention
Samples in periodicals archive:
Uncertainty as to whether this remedy will be denied to paying agents at some point in the future is the crux of a dialog which has developed between DTC, its participants (as defined below), The Bond Market Association, the paying agent community, and issuers.
American Stock Transfer & Trust Company was appointed as paying agent for payment of the merger consideration.
Redemptions will be made upon the presentation and surrender of the capital securities to the Paying Agent by mail, by hand or by overnight delivery at The Bank of New York, Corporate Trust Operations, 111 Sanders Creek Parkway, East Syracuse, New York 13057.
Redemption payments will be made upon the presentation and surrender of the notes to the Paying Agent by mail at The Bank of New York, Corporate Trust Operations, P.
Upon such notification, the state gives funds to the paying agent to make timely debt service payment.
Following the occurrence of an event of default under the LOC agreement, the bank may direct the issuing and paying agent to stop issuing notes.
has been appointed the paying agent for this transaction.