Administrator's Certificate Clause Samples
An Administrator's Certificate clause defines the process by which an authorized administrator of a company or trust can formally certify certain facts or documents as true and accurate. Typically, this clause allows the administrator to issue a written certificate confirming matters such as the authority of signatories, the adoption of resolutions, or the existence of specific corporate actions. The core function of this clause is to provide a reliable and efficient method for verifying key administrative details, thereby reducing the need for additional documentation and streamlining transactions or compliance processes.
Administrator's Certificate. At the Closing Date, the Purchaser and the Placement Agents shall have received a certificate of one or more Administrators of the Trust, dated as of the Closing Date, stating that the representations and warranties of the Trust set forth in Section 5 are true and correct as of the Closing Date and that the Trust has complied with all agreements and satisfied all conditions on its part to be performed or satisfied at or prior to the Closing Date.
Administrator's Certificate. (a) On each Determination Date, the Administrator will advise the Indenture Trustee in writing of the applicable Noteholders' Interest Distribution Amount or Certificateholders' Interest Distribution Amount. Additionally, no later than 16 days prior to each Note Distribution Date for the Class of Notes then entitled to receive payments of principal (or, after all Notes have been paid in full, no later than 16 days prior to each Certificate Distribution Date) the Administrator will advise the Indenture Trustee in writing of the applicable Noteholders' Principal Distribution Amount (or, after all the Notes have been paid in full, for the Class of Certificates with the earliest Final Maturity Date, the Certificateholders' Principal Distribution Amount). Further, on the Determination Date relating to the first Certificate Distribution Date occurring each month (or for each month in which a Note Distribution Date occurs earlier than the Certificate Distribution Date, on the Determination Date relating to such earlier Note Distribution Date), the Administrator will advise the Indenture Trustee in writing of Transaction Fees (separately and in the aggregate) for the preceding month.
(b) On each Determination Date, the Administrator also shall deliver to the Eligible Lender Trustee, the Indenture Trustee and a Seller (if such Seller is not also the Administrator), with a copy to the Surety Provider and to the Rating Agencies, an Administrator's Certificate containing all information necessary to make the distributions pursuant to Sections 5.5, 5.6 and 5.8(b), if applicable, for the upcoming Note Distribution Date or Certificate Distribution Date. Such Administrator's Certificate also shall include the Deficiency Amount, if any, for the upcoming Note Distribution Date or Certificate Distribution Date and the amount, if any, of Note Surety Bond Payments or Certificate Surety Bond Payments required to be made on the upcoming Note Distribution Date or Certificate Distribution Date. Financed Student Loans to be repurchased by a Seller (whether pursuant to Section 2.3 or 3.2), purchased by a Master Servicer, TMSI or TMSI's designee or acquired by any Guarantor shall be identified by the Administrator by type of loan and borrower social security number with respect to such Financed Student Loan (as specified in Schedule A).
(c) On or before the 15th day of each month, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee and a Seller (if s...
Administrator's Certificate. (a) On each Determination Date, the Administrator shall deliver to the Indenture Trustee and the Eligible Lender Trustee in writing the applicable Noteholders' Interest Distribution Amount, the Noteholders Principal Distribution Amount and all amounts to be paid to Certificateholders on the related Distribution Date. On each Determination Date relating to a Quarterly Distribution Date, the Administrator shall deliver to the Indenture Trustee and the Eligible Lender Trustee in writing the estimated Transaction Fees (separately and in the aggregate) for the three succeeding Collection Periods. Two Business Days prior to the 25th day of each month, the Administrator will advise the Indenture Trustee and the Eligible Lender Trustee in writing of the Consolidation Loan Fees for the preceding Collection Period.
(b) On each Determination Date, the Administrator also shall deliver to the Eligible Lender Trustee, the Indenture Trustee and the Transferor (if the Transferor is not also the Administrator), an Administrator's Certificate containing all information necessary to make the distributions pursuant to Sections 5.5 and 5.6, if applicable, for the upcoming Distribution Date. Financed Student Loans to be repurchased by the Transferor (whether pursuant to Section 2.3 or 3.2), purchased by the Master Servicer or acquired by any Guarantor shall be identified by the Administrator by borrower social security number with respect to such Financed Student Loan (as specified in Schedule A-1 and Schedule A- 2).
(c) On or before the 15th day of each month, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee and the Transferor (if the Transferor is not also the Administrator), the Administrator's Certificate substantially in the form of Exhibit C setting forth by component the Available Funds for the immediately preceding Collection Period.
Administrator's Certificate. (a) On each Determination Date, the Administrator will advise the Indenture Trustee and the Eligible Lender Trustee in writing of the applicable Noteholders' Interest Distribution Amount and Certificateholders' Interest Distribution Amounts. Additionally, on each Determination Date the Administrator will advise the Indenture Trustee and the Eligible Lender Trustee in writing of the applicable Noteholders' Principal Distribution
Administrator's Certificate. Cause to be delivered to the Facilitating Agent for distribution to the Lenders, the Liquidity Agent for distribution to the Liquidity Banks and the Rating Agency, within 120 days after the end of each fiscal year of such Club Trust (commencing with the fiscal year 1998), a certificate of an Authorized Officer of the such Club Trust's Administrator stating that:
(i) a review of the activities of such Club Trust during such year and of performance under this Agreement and each other Transaction Document has been made; and
(ii) based on such review, such Club Trust has fulfilled all its obligations under this Agreement and each other Transaction Document throughout such year, or, if there
Administrator's Certificate. At the Closing Date, the Contributors shall have received a certificate of one or more Administrators of the Trust, dated as of the Closing Date, stating that the representations and warranties of the Trust set forth in Section 5 are true and correct as of the Closing Date and that the Trust has complied with all agreements and satisfied all conditions on its part to be performed or satisfied at or prior to the Closing Date.
Administrator's Certificate. This Contract is conditioned upon the Superintendent having a valid US administrators’ certificate while working toward, receiving, and maintaining an Alaska Administrator's Certificate.
Administrator's Certificate. (a) On each Payment Determination Date for a Series of Notes, the Administrator shall deliver to the Indenture Trustee and the Eligible Lender Trustee in writing the Class Interest Amount and Principal Payment Amount applicable to each Class of such Series of Notes, and all amounts to be paid to Certificateholders on the related Payment Date. On each Payment Determination Date relating to a Quarterly Payment Date, the Administrator also shall deliver to the Indenture Trustee and the Eligible Lender Trustee in writing the Transaction Fees (separately and in the aggregate) payable on such Quarterly Payment Date. Two Business Days prior to the 25th day of each month, the Administrator will advise the Indenture Trustee and the Eligible Lender Trustee in writing of the Consolidation Loan Fees for the preceding Collection Period.
(b) On each Payment Determination Date for a Series, the Administrator shall identify Financed Student Loans securing such Series to be repurchased by the Depositor or purchased by the Master Servicer (whether pursuant to Section 2.2, 3.2 or 5.5), or acquired by any Guarantee Agency, by the Department of HHS or Private Loan Program, by borrower social security number.
(c) On or before each Payment Determination Date, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee and the Depositor, the Administrator's Certificate substantially in the form of Exhibit D.
Administrator's Certificate. On each Distribution Determination Date, the Administrator shall deliver to the Indenture Trustee and the Eligible Lender Trustee in writing the applicable Noteholders' Interest Distribution Amount, the Noteholders Principal Distribution Amount and all amounts to be paid to Certificateholders on the related Distribution Date. On each Distribution Determination Date relating to a Quarterly Distribution Date, the Administrator also shall deliver to the Indenture Trustee and the Eligible Lender Trustee in writing the estimated Transaction Fees (separately and in the aggregate) for the calendar quarter in which such Quarterly Distribution Date occurs. Two Business Days prior to the 25th day of each month, the Administrator will advise the Indenture Trustee and the Eligible Lender Trustee in writing of the Consolidation Loan Fees for the preceding calendar month.
Administrator's Certificate. Cause to be delivered to the Facilitating Agent, within 120 days after the end of each fiscal year of such Club Trust (commencing with the fiscal year 1996), a certificate of an Authorized Officer of the such Club Trust's Administrator stating that:
(i) a review of the activities of such Club Trust during such year and of performance under this Agreement and each other Transaction Document has been made; and
(ii) based on such review, such Club Trust has fulfilled all its obligations under this Agreement and each other Transaction Document throughout such year, or, if there has been a default in the fulfillment of any such obligation, specifying each such default known to such Administrator and the nature and status thereof.