Duties of Administrator in General Sample Clauses

Duties of Administrator in General. The Administrator shall monitor the servicing of and administer the Receivables and the Related Transferred Assets and, subject to the terms and provisions of this Agreement, shall have full power and authority, acting alone or through any Person properly designated by it (provided that in any event the Administrator shall remain liable for all actions taken), to do any and all things in connection with such administration which it may deem necessary or appropriate. The Trustee shall execute and deliver to the Administrator any powers of attorney or other instruments or documents that are prepared by the Administrator and stated in an Officer's Certificate to be necessary or appropriate to enable the Administrator to carry out its administrative duties hereunder. The Administrator shall exercise the same care and apply the same policies with respect to the administration of the Receivables and the Related Transferred Assets as is customary for administering Receivables and that it would exercise and apply if it owned such Receivables and the Related Transferred Assets. The Administrator shall take or cause to be taken all such actions as it deems necessary or appropriate to collect each Receivable and Related Transferred Asset (and shall cause any sub-Servicer to take or cause to be taken all such actions as the Administrator deems necessary or appropriate to collect each Receivable and Related Transferred Asset for which such sub-Servicer is responsible in its capacity as sub-Servicer) from time to time, all in accordance with applicable
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Duties of Administrator in General. The Administrator shall monitor the servicing of and administer the Receivables and the Related Transferred Assets and, subject to the terms and provisions of this Agreement, shall have full power and authority, acting alone or through any Person properly designated by it (provided that in any event the Administrator shall remain liable for all actions taken), to do any and all things in connection with such administration which it may deem necessary or appropriate. In connection therewith, the Administrator shall take direction from the majority in interest of the Class C Certificateholders or the Class B Certificateholders, provided, however, that such direction is neither contrary to any specific provision of this Agreement nor may result in any adverse consequences to the Certificateholders of any other Class (and further provided that in the event of a conflict between the directions of the Class C and Class B Certificateholders, the directions of the Class C Certificateholders will control). The Trustee shall execute and deliver to the Administrator any powers of attorney or other instruments or documents that are prepared by the Administrator and stated in an Officer's Certificate to be necessary or appropriate to enable the Administrator to carry out its administrative duties hereunder. The Administrator shall exercise the same care and apply the same policies with respect to the administration of the Receivables and the Related Transferred Assets as is customary for administering Receivables and that it would exercise and apply if it owned such Receivables and the Related Transferred Assets. The Administrator shall take or cause to be taken all such actions as it deems necessary or appropriate to collect each Receivable and Related Transferred Asset (and shall cause the Servicer to take or cause to be taken all such actions as the Administrator deems necessary or appropriate to collect each Receivable and Related Transferred Asset for which such Servicer is responsible in its capacity as Servicer) from time to time, all in accordance with applicable law. The Administrator has appointed World Omni Financial Corp. to act as Servicer pursuant to the Servicing Agreement attached hereto as Exhibit B, and the Servicer shall perform such duties of the Administrator delegated to it pursuant to the terms of the Servicing Agreement, provided that under no circumstances shall the Administrator's responsibility to perform such administrative duties hereunder ...
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Related to Duties of Administrator in General

  • Duties of Administrator Subject to the policies and direction of the Trust’s Board of Trustees (“Trustees”), the Administrator shall provide, or cause to be furnished by others, the fund accounting, administrative, and other services reasonably necessary for the operation of the Trust and Fund as set forth in Exhibit A, attached hereto and made a part hereof. The Administrator shall exercise reasonable customary care in the performance of its duties under this Agreement.

  • Duties of Advisor The Trust employs the Advisor to manage the investment and reinvestment of the assets of the Wellington Management Portfolio; to continuously review, supervise, and administer an investment program for the Wellington Management Portfolio; to determine in its discretion the securities to be purchased or sold and the portion of such assets to be held uninvested; to provide the Fund with all records concerning the activities of the Advisor that the Fund is required to maintain; and to render regular reports to the Trust's officers and the Board of Trustees concerning the discharge of the foregoing responsibilities. The Advisor will discharge the foregoing responsibilities subject to the supervision and oversight of the Trust's officers and the Board of Trustees, and in compliance with the objective, policies, and limitations set forth in the Fund's prospectus and Statement of Additional Information, any additional operating policies or procedures that the Fund communicates to the Advisor in writing, and applicable laws and regulations. The Advisor agrees to provide, at its own expense, the office space, furnishings and equipment, and personnel required by it to perform the services on the terms and for the compensation provided herein.

  • Duties of Servicer Generally The Servicer’s duties in general shall include management, servicing and administration of the Recovery Property; obtaining meter reads, calculating electric usage, billing, collections and posting of all payments in respect of the Recovery Property; responding to inquiries by Consumers, the CPUC, or any federal, local or other state governmental authorities with respect to the Recovery Property; delivering Bills to Consumers and ESPs, processing and depositing collections and making periodic remittances pursuant to the Financing Order and each Tariff; furnishing periodic reports to the Issuer, the Indenture Trustee and the Rating Agencies; and taking action in connection with True-Up Adjustments as set forth herein. Certain of the duties set forth above may be performed by ESPs pursuant to ESP Service Agreements if such ESPs satisfy the creditworthiness requirements as set forth in PG&E’s Electric Rule 22.P., “Credit Requirements.” Anything to the contrary notwithstanding, the duties of the Servicer set forth in this Servicing Agreement shall be qualified in their entirety by any CPUC Regulations, the Financing Order and the U.S. federal securities laws and the rules and regulations promulgated thereunder, including Regulation AB, as in effect at the time such duties are to be performed. Without limiting the generality of this Section 3.01(a), in furtherance of the foregoing, the Servicer hereby agrees that it shall also have, and shall comply with, the duties and responsibilities relating to data acquisition, usage and xxxx calculation, billing, customer service functions, collections, payment processing and remittance set forth in Annex I hereto, as it may be amended from time to time. For the avoidance of doubt, the term “usage” when used herein includes references to both kilowatt hour consumption and kilowatt demand.

  • Administrative Duties of the Custodian The Custodian shall perform the following administrative duties with respect to Investments of the Fund.

  • Duties of Adviser The Fund hereby appoints the Adviser to act as investment adviser to each of the Portfolios listed on Schedule A hereto (the "Portfolios"), for the period and on such terms set forth in this Agreement. The Fund employs the Adviser to manage the investment and reinvestment of the assets of the Portfolios, to continuously review, supervise and administer the investment program of each of the Portfolios, to determine in its discretion the securities to be purchased or sold and the portion of each such Portfolio's assets to be held uninvested, to provide the Fund with records concerning the Adviser's activities which the Fund is required to maintain, and to render regular reports to the Fund's officers and Board of Trustees concerning the Adviser's discharge of the foregoing responsibilities. The Adviser shall discharge the foregoing responsibilities subject to the control of the officers and the Board of Trustees of the Fund, and in compliance with the objectives, policies and limitations set forth in the Fund's prospectus and applicable laws and regulations. The Adviser accepts such employment and agrees to render the services and to provide, at its own expense, the office space, furnishings and equipment and the personnel required by it to perform the services on the terms and for the compensation provided herein.

  • Administrator Duties The Administrator shall be responsible for the management, operation, and administration of the Agreement. When making a determination or calculation, the Administrator shall be entitled to rely on information furnished by the Employer, Executive or Beneficiary. No provision of this Agreement shall be construed as imposing on the Administrator any fiduciary duty under ERISA or other law, or any duty similar to any fiduciary duty under ERISA or other law.

  • Duties of the Administrator (a) Duties with respect to the Note Depository Agreement and the Indenture.

  • Duties of Officers Generally The Officers, in the performance of their duties as such, shall owe to the Company duties of loyalty and due care of the type owed by the officers of a corporation to such corporation and its stockholders under the laws of the State of Delaware.

  • Employment of Administrator The Company hereby employs the Administrator to act as administrator of the Company, and to furnish, or arrange for others to furnish, the administrative services, personnel and facilities described below, subject to review by and the overall control of the Board of Directors of the Company (the “Board”), for the period and on the terms and conditions set forth in this Agreement. The Administrator hereby accepts such employment and agrees during such period to render, or arrange for the rendering of, such services and to assume the obligations herein set forth subject to the reimbursement of costs and expenses provided for below. The Administrator and such others shall for all purposes herein be deemed to be independent contractors and shall, unless otherwise expressly provided or authorized herein, have no authority to act for or represent the Company in any way or otherwise be deemed agents of the Company.

  • DUTIES OF THE CUSTODIAN WITH RESPECT TO PROPERTY OF THE FUND HELD BY THE CUSTODIAN IN THE UNITED STATES

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