Administration by Seller Sample Clauses

Administration by Seller. (a) We will carry out our administrative duties to you under this Agreement in accordance with the terms of this Agreement and as otherwise required by applicable law.
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Administration by Seller. (a) Subject to any prohibition or restriction contained in any applicable law, regulation or court order or in the Credit Agreements, Grantor agrees that it shall act or refrain from acting in respect of any request, act, decision or vote with respect to the Participation (each such request, act, decision or vote, an “Act”) in accordance with Participant’s written directions; provided that if Grantor has requested direction from Participant with respect to any Act, and Participant has failed to provide such direction within five Business Days, Participant shall be deemed to have consented to such Act and Grantor may Act in its reasonable determination under the circumstances, subject in all respects to the terms of this Agreement. Grantor shall promptly after its having actual notice thereof notify Participant in writing of any matter in respect of which Grantor may Act in connection with the Participation.
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Administration by Seller. (a) Subject to any prohibition or restriction contained in any applicable law, regulation or court order or in the Credit Agreements, Grantor agrees that it shall act or refrain from acting in respect of any request, act, decision or vote with respect to the Participation (each such request, act, decision or vote, an “Act”) in accordance with Participant’s written directions; provided that if Grantor has requested direction from Participant with respect to any Act, and Participant has failed to provide such direction within five Business Days, Participant shall be deemed to have consented to such Act and Grantor may Act in its reasonable determination under the circumstances, subject in all respects to the terms of this Agreement. Grantor shall promptly after its having actual notice thereof notify Participant in writing of any matter in respect of which Grantor may Act in connection with the Participation. 7 (b) Grantor shall not, without Participant’s prior written consent, agree to the amendment, modification or waiver of any of the terms of the Credit Agreements or any agreement or document relating thereto or any collateral therefor, consent to any action or failure to act by the Borrowers or any other party, or exercise any rights Grantor may have in respect thereof. If Grantor shall request Participant’s written consent to any of the actions described in this paragraph (b), and shall not receive such consent or a denial thereof in writing within ten days of the making of such request, Participant shall be deemed to have given its consent. (c) Participant shall indemnify, defend and hold Grantor harmless from and against all losses, damages, liabilities, claims, costs and reasonable attorneys fees and expenses incurred by Grantor arising out of or resulting from any action or failure to act by Grantor at Participant’s direction or on its behalf in connection with any Act, except for any losses, damages, liabilities, costs or expenses arising out of or relating to Grantor’s gross negligence or willful misconduct. 9.
Sample 1
Administration by Seller. (a) We will carry out our administrative duties to you under this Agreement in accordance with the terms of this Agreement and as otherwise required by applicable law. (b) We reserve the right, in our sole discretion, in each instance, without prior notice to you, to agree to the amendment, modification or waiver of any of the terms of the Credit Agreement, the Note[s], or any agreement or document relating thereto, to consent to any action or failure to act by any Borrower or any other party, and to exercise or refrain from exercising any powers or rights which we may have under or in respect of the Credit Agreement, the Note[s], or any agreement or document relating thereto or any collateral therefor, including, without limitation, the right to enforce the obligations of any Borrower or any other party. 7.
Sample 1

Related to Administration by Seller

  • Termination by Seller This Agreement may be terminated at any time prior to the Closing by Seller, by written notice to Buyer:

  • Termination by Sellers This Agreement may be terminated at any time prior to the Closing Date by Sellers as follows:

  • Administration and Servicing OF MORTGAGE LOANS

  • Indemnification by Servicer The Servicer shall indemnify and hold harmless the Trustee and the Depositor and their respective officers, directors, agents and Affiliates from and against any losses, damages, penalties, fines, forfeitures, reasonable legal fees and related costs, judgments and other costs and expenses arising out of or based upon a breach by the Servicer or any of its officers, directors, agents or Affiliates of its obligations under Sections 3.17, 3.18 and 3.20, any material misstatement or omission in any documents prepared thereunder (to the extent the Servicer is responsible for providing information or calculating amounts included in such information), the failure of such Servicer or any related Sub-Servicer or Subcontractor to deliver or cause to be delivered when required any Assessment of Compliance or Accountant's Attestation required of it pursuant to Section 3.18 or Annual Statement of Compliance required pursuant to Section 3.17, as applicable, or any material misstatement or omission contained in any Assessment of Compliance, Accountant's Attestation or Annual Statement as to Compliance provided on its behalf pursuant to Section 3.18 or 3.17, as applicable, or the negligence, bad faith or willful misconduct of the Servicer in connection therewith. If the indemnification provided for herein is unavailable or insufficient to hold harmless the indemnified parties, then the Servicer agrees that it shall contribute to the amount paid or payable by the indemnified parties as a result of the losses, claims, damages or liabilities of the indemnified parties in such proportion as is appropriate to reflect the relative fault of the Servicer on the one hand and the indemnified parties on the other.

  • Administration of Trust The Trustee shall administer the trust of the Indenture and shall perform a substantial part of its obligations relating to each series of Debt Securities and this Indenture at its corporate trust office in the City of New York.

  • Administration of Agreement All approvals referenced in this Agreement must be obtained from the parties' contract administrators or their designees. All notices must be given to the parties' contract administrators respectively. The OAG's contract administrator is Xxxxxxxxx X. Xxxxxx, Chief, Bureau of Advocacy and Grants Management. The Provider’s contract administrator will be provided at the time of execution. The parties will provide each other with written notification of any change in its designated representative for this Agreement. Such changes do not require a formal written amendment to this Agreement.

  • Administration and Collection SECTION 6.01.

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