ADMINISTRATION AGREEMENTS Sample Clauses
ADMINISTRATION AGREEMENTS. (a) Seller shall pay to Citizens the annual fees set forth on Schedule 6.10(a) hereto for as long as Citizens performs its obligations under the Administration Agreements for the NUG Subsidiaries described therein.
(b) Buyer shall, if requested by Seller, cause Citizens to enter into an administration agreement with respect to an Excluded NUG Transaction that reaches Ready to Close Status by December 31, 2000, on substantially the same terms as the form of administration agreement set forth in Exhibit E hereto. Citizens shall be entitled to the following annual fee for the services under such agreement: (a) for the first two such Excluded NUG Transactions, $50,000 each; and (b) for the remaining six such Excluded NUG Transactions, $25,000 each. In no event shall Buyer, Citizens or any of their respective Affiliates be required to own any membership or other equity or capital interest with respect to any Person in connection with an Excluded NUG Transaction.
ADMINISTRATION AGREEMENTS. The Trustee has executed and delivered the Administration Agreements pursuant to which certain of the Trustee's and Issuer's duties and obligations hereunder and under the Indenture have been delegated to the Administrators, thereby relieving, to the extent provided therein, and to the extent permitted by law, the Trustee from liability for such duties and obligations hereunder and thereunder. Each Administrator shall be entitled to the same rights, privileges, immunities and limitations on liability available to the parties on whose behalf it is acting.
ADMINISTRATION AGREEMENTS. (a) The Trustee may enter into Administration Agreements with one or more Administrators in order to delegate any or all of its non-fiduciary obligations hereunder with respect to a related Series under this Agreement PROVIDED, that (i) the Rating Agency Condition shall have been satisfied with respect to the entering into of any such agreement and (ii) such agreements are consistent with the terms of this Agreement and, with respect to Certificates of any Series, the related Series Supplement.
(b) If the Trustee enters into any Administrative Agreements, such delegation shall release, to the extent permitted by law, the Trustee, from the duties, obligations, responsibilities or liabilities delegated thereunder.
(c) Each Administration Agreement shall impose on the Administrators requirements conforming to the provisions set forth in Section 3.1 and provide for administration of the related Trust, the Indenture, if any, and all or certain specified Deposited Assets for such Series consistent with the terms of this Agreement and the related Series Supplement. Additional requirements relating to the scope and contents of any Administration Agreement may be provided in the applicable Series Supplement. Copies of each Administration Agreement, together with any amendments or modifications thereto, shall be promptly delivered to the Depositor, upon the execution and delivery of any such instruments.
ADMINISTRATION AGREEMENTS. 29 6.11 PPA/Loan Transaction...................................................29 6.12 Publicity..............................................................29 SECTION 7 TAX MATTERS
ADMINISTRATION AGREEMENTS. After the Servicing Closing Date, and at Sellers’ sole cost and expense, Purchaser hereby covenants and agrees to cooperate reasonably with Sellers in connection with the Sellers’ performance of those obligations required to be performed by the “Master Servicer” under each of the Administration Agreements, and Purchaser shall, in furtherance thereof: (a) furnish upon request to IUBT such servicing information; (b) provide prompt notice to IUBT upon Purchaser’s obtaining Knowledge of the occurrence of an event that requires an action under clauses 2(a)(ii) and 2(a)(vi) of Section 2 of each Administration Agreement; and (c) take such other actions as IUBT may reasonably request for the purpose of IUBT’s carrying out the duties of “Master Servicer” under each of the Administration Agreements; provided, however, that notwithstanding any obligation of the “Master Servicer” to provide documents and to provide notice with respect to the above-referenced matters set forth in Section 2 of each Administration Agreement, the parties agree that Purchaser shall not be responsible for performing any of the obligations required to be performed by the “Master Servicer” under the Administration Agreements and Sellers shall remain fully responsible for all such obligations.
ADMINISTRATION AGREEMENTS. (a) The Trustee may enter into Administration Agreements with one or more Administrators in order to delegate any or all of its non-fiduciary obligations hereunder with respect to a related Series under this Agreement PROVIDED, that (i) the Rating Agency Condition shall have been satisfied with respect to the entering into of any such agreement and (ii) such agreements are consistent with the terms of this Agreement and, with respect to Certificates of any Series, the related Series Supplement.
(b) If the Trustee enters into any Administrative Agreements, such delegation shall release, to the extent permitted by law, the Trustee, from the duties, obligations, responsibilities or liabilities delegated thereunder.