Fasit Administration Sample Clauses

Fasit Administration. (a) The Holder of the Class O Certificate or, to the extent required by applicable Treasury Regulations, the Trustee, shall timely elect to treat the Trust as a FASIT under the Code and, if necessary, under applicable state law. Unless otherwise required by applicable Treasury Regulations, such election will be made on the appropriate federal or state tax returns for the taxable year of the Holder of the Class O Certificate in which the Certificates are issued or in any other taxable year as required by applicable Treasury Regulations.
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Fasit Administration. 49 SECTION 10.02. Servicer and FASIT Administrator Indemnification. . . . . . . 52
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Fasit Administration. Section 7.01
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Fasit Administration. (a) The FASIT Administrator shall make an election to treat the Trust as a FASIT under the Code and, if necessary, under applicable state law. Such election will be made on Form 1066 or other appropriate federal tax or information return (including Form 8811) or any appropriate state return for the taxable year ending on the last day of the calendar year in which the Notes and the Certificate are issued. For the purposes of the FASIT election in respect of the Trust, each of the Class A and Class B Notes shall be designated as the "regular interests" and the Certificate shall be designated as the sole "ownership interest" in the FASIT. The FASIT Administrator and the Trust shall not permit the creation of any "interests" (within the meaning of Section 860L of the Code) in the Trust other than the Notes and the Certificate unless they first receive an Opinion of Counsel at the expense of the party seeking the creation of such interests to the effect that such creation will not cause an Adverse FASIT Event.
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Fasit Administration. 46 10.02. Compliance with FASIT Provisions; Further Assurances................49 ARTICLE XI. MISCELLANEOUS PROVISIONS
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Fasit Administration. (a) The FASIT Administrator shall make an election to treat the Trust as a FASIT under the Code and, if necessary, under applicable state law. Such election will be made on Form 1066 or other appropriate federal tax or information return (including Form 8811) or any appropriate state return for the taxable year ending on the last day of the calendar year in which the Notes, the Subordinated Interests and the Certificates are issued. For the purposes of the FASIT election in respect of the Trust, each of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class B Notes, the Fixed Rate Certificates, the Reserve Regular Interest, the YSA Regular Interest, Component X-0, Xxxxxxxxx X-0, Xxxxxxxxx X-0 and Component B shall be and hereby are designated as the "regular interests" and the Residual Certificate shall be designated as the sole "ownership interest" in the FASIT; provided, however, that if and to the extent that the Reserve Regular Interest, the YSA Regular Interest, the Fixed Rate Certificate and the Components are not treated as issued on the Closing Date for purposes of Section 860L of the Code, the designation of the Reserve Regular Interest, the YSA Regular Interest, the Fixed-Rate Certificates and the Components as "regular interests" in the FASIT represented by the Trust shall be effective immediately upon each such interests' being treated as issued for such purposes. The FASIT Administrator and the Trust shall not permit the creation of any "interests" (within the meaning of Section 860L of the Code) in the Trust other than the Notes, the Fixed Rate Certificates, the Reserve Regular Interest, the YSA Regular Interest, Component X-0, Xxxxxxxxx X-0, Xxxxxxxxx X-0 and Component B unless they first receive an Opinion of Counsel at the expense of the party seeking the creation of such interests to the effect that such creation will not cause an Adverse FASIT Event.
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Fasit Administration 
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Related to Fasit Administration

  • Contract Administration The Delegate shall cause that the foreign custody arrangements with an Eligible Foreign Custodian shall be governed by a written contract that the Delegate has determined will provide reasonable care for Fund assets based on the standards applicable to custodians in the relevant market. Each such contract shall, except as set forth in the last paragraph of this subsection (b), include provisions that provide:

  • Trust Administration The Adviser shall give the Trust the benefit of its best judgment, efforts and facilities in rendering its services. The Adviser shall at all times conform to: (i) all applicable provisions of the Act and any rules and regulations adopted thereunder; (ii) the provisions of the Registration Statement of the Trust under the Securities Act of 1933 and the Act as amended from time to time; (iii) the provisions of the Agreement and Declaration of Trust and the By-Laws of the Trust; and (iv) any other applicable provisions of state and federal law. Subject to the direction and control of the Trust, the Adviser shall supervise the Fund’s business affairs. In addition, to the extent not otherwise provided by other parties under agreements with the Trust, the Adviser shall supply: (i) non-investment related statistical and research data; (ii) the services of a Chief Compliance Officer for the Trust with respect to the Fund and (iii) executive and administrative services. The Adviser shall also assist with and/or supervise the preparation by the Trust’s administrator, transfer agent, and/or auditors of: (i) tax returns; (ii) reports to shareholders of the Fund; (iii) reports to, and filings with, the Securities and Exchange Commission, state securities commissions and Blue Sky authorities including preliminary and definitive proxy materials and post-effective amendments to the Trust’s registration statement; and (iv) necessary materials for meetings of the Trust’s Board of Trustees. The Adviser shall provide personnel to serve as officers of the Trust if so elected by the Board of Trustees. Executive and administrative services include, but are not limited to, the coordination of all third parties furnishing services to the Fund, review of the books and records of the Fund maintained by such third parties, and the review and submission to the officers of the Fund for their approval, of invoices or other requests for payment of Fund expenses; and such other action with respect to the Fund as may be necessary in the opinion of the Adviser to perform its duties hereunder.

  • General Administration 13.1 The Managers shall handle and settle all claims arising out of the Management Services hereunder and keep the Owners informed regarding any incident of which the Managers become aware which gives or may give rise to claims or disputes involving third parties.

  • Grantor Trust Administration (a) The Tax Administrator shall treat the Grantor Trust Pool, for tax return preparation purposes, as a Grantor Trust under the Code. The Tax Administrator shall also perform on behalf of the Grantor Trust Pool all reporting and other tax compliance duties that are the responsibility of such Grantor Trust Pool under the Code or any compliance guidance issued by the IRS or any state or local taxing authorities. The expenses of preparing and filing such returns shall be borne by the Tax Administrator.

  • Responsibility for Contract Administration The Servicer will have the sole obligation to manage, administer, service and make collections on the Contracts and perform or cause to be performed all contractual and customary undertakings of the holder of the Contracts to the Obligor. The Owner Trustee, at the written request of a Servicing Officer, shall furnish the Servicer with any powers of attorney or other documents necessary or appropriate in the opinion of the Owner Trustee to enable the Servicer to carry out its servicing and administrative duties hereunder. The Servicer is hereby appointed the servicer hereunder until such time as any Service Transfer may be effected under Article VIII.

  • Collateral Administration The Collateral Agent shall maintain a database of certain characteristics of the Collateral on an ongoing basis, and provide to the Borrower, the Servicer, the Administrative Agent and the Lenders certain reports, schedules and calculations, all as more particularly described in this Section 11.3, based upon information and data received from the Servicer pursuant to Section 7.7 or from the Lenders and/or the Administrative Agent.

  • Loan Administration Borrowings under the Loan shall be as follows:

  • Tax Administration (a) The Trustee is hereby appointed as attorney-in-fact and agent for the initial Tax Matters Person; provided, that the Trustee may appoint, and hereby does so appoint, the Certificate Administrator as attorney-in-fact and agent for the Tax Matters Person. The Trustee may, by written notice delivered to the Certificate Administrator, revoke the appointment of the Certificate Administrator as attorney-in-fact and agent for the Tax Matters Person, in which case the Trustee shall act in such capacity.

  • Policy Administration The Company shall provide all required, necessary and appropriate claims, administrative and other services with respect to the Policies. The Company shall use reasonable care in its administration and claims practices with respect to the Policies and in administering and performing its duties under this Agreement and such practices, administration and performance shall (a) conform with Applicable Law; (b) not be fraudulent; and (c) be no less favorable than those used by the Company with respect to other policies of the Company not reinsured by the Reinsurer.

  • Administration and Risk Management Employees of Federated Advisory Services Company provide support to portfolio managers and other employees of affiliated advisers. Such services may include development of risk management programs, production of portfolio and compliance reports for clients and/or fund Boards, coordination of client portfolios and related fixed income trade execution implementation and administration, completion of required broker and custody documentation, development and documentation of operational procedures, coordination of proxy voting activities, on-site support of hardware and software, etc.”

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