OBLIGATIONS OF THE ADMINISTRATOR. 9.1 For so long as HML remains the substitute administrator in accordance with the provisions of this Agreement, the Administrators shall (and the Substitute Administrator shall request that the Administrators send, provide and/or notify, as applicable, to the extent that the Administrators have not sent, provided and/or notified, as applicable, the same to the Substitute Administrator): 9.1.1 send to HML a copy of the Administrator Report within 31 Business DaysDay of the relevant PrincipalInterest Determination Date pursuant to clause 18.3 of the Administration Agreement; 9.1.2 send to HML a copy of the annual audited accounts of the Issuer within a reasonable time after their publication; 9.1.3 as soon as reasonably practicable thereafter use its reasonable endeavours to notify HML in writing of any change to the computing systems utilised by the Administrators in the provision of the Services under the Administration Agreement or any other change to the Administration Agreement which either Administrator reasonably believes to be material to the administration of the Mortgages (including, without limitation, change in asset type or size) or any of them and to provide to HML all updated software programmes necessary for use in connection with such Services; 9.1.4 use all reasonable endeavours to licence or to procure the licence to HML of any intellectual property rights and, in particular, all software programmes used in connection with the Services including the Paragon Software so as to permit HML to use such intellectual property rights only in connection with such Services free of charge upon assumption by HML of the duties and obligations of the Administrators as provided herein; 9.1.5 make available to or procure for the use of HML office space, facilities, equipment, systems, software, the Paragon Software and staff then in use by the Administrators in order to facilitate the assumption and performance by HML under this Agreement; and 9.1.6 co-operate to ensure that the administration and transfer of the Services following termination of the Administration Agreement shall be as expeditious, orderly and efficient as practicable and, in particular, the Issuer shall use its reasonable endeavours to procure that the Administrators comply with their obligations in this regard under the Administration Agreement,
Appears in 2 contracts
Samples: Substitute Administrator Agreement, Substitute Administrator Agreement
OBLIGATIONS OF THE ADMINISTRATOR. 9.1 For so long as HML remains the substitute administrator in accordance with the provisions of this Agreement, the Administrators shall (and the Substitute Administrator shall request that the Administrators send, provide and/or notify, as applicable, to the extent that the Administrators have not sent, provided and/or notified, as applicable, the same to the Substitute Administrator):
9.1.1 send to HML a copy of the Administrator Report within 31 1 Business DaysDay Day of the relevant PrincipalInterest Interest Determination Date pursuant to clause 18.3 17.3 of the Administration Agreement;
9.1.2 send to HML a copy of the annual audited accounts of the Issuer within a reasonable time after their publication;
9.1.3 as soon as reasonably practicable thereafter use its reasonable endeavours to notify HML in writing of any change to the computing systems utilised by the Administrators in the provision of the Services under the Administration Agreement or any other change to the Administration Agreement which either Administrator reasonably believes to be material to the administration of the Mortgages (including, without limitation, change in asset type or size) or any of them and to provide to HML all updated software programmes necessary for use in connection with such Services;
9.1.4 use all reasonable endeavours to licence or to procure the licence to HML of any intellectual property rights and, in particular, all software programmes used in connection with the Services including the Paragon Software so as to permit HML to use such intellectual property rights only in connection with such Services free of charge upon assumption by HML of the duties and obligations of the Administrators as provided herein;
9.1.5 make available to or procure for the use of HML office space, facilities, equipment, systems, software, the Paragon Software and staff then in use by the Administrators in order to facilitate the assumption and performance by HML under this Agreement; and
9.1.6 co-operate to ensure that the administration and transfer of the Services following termination of the Administration Agreement shall be as expeditious, orderly and efficient as practicable and, in particular, the Issuer shall use its reasonable endeavours to procure that the Administrators comply with their obligations in this regard under the Administration Agreement,
Appears in 1 contract
Samples: Substitute Administrator Agreement
OBLIGATIONS OF THE ADMINISTRATOR.
9.1 For so long as HML remains the substitute administrator in accordance with the provisions of this Agreement, the Administrators Administrator shall (and the Substitute Administrator shall request that the Administrators Administrator send, provide and/or notify, as applicable, to the extent that the Administrators have Administrator has not sent, provided and/or notified, as applicable, the same to the Substitute Administrator):Administrator):
9.1.1 send to HML a copy of the Administrator Report within 31 3 Business DaysDay Days of the relevant PrincipalInterest Principal Determination Date pursuant to clause Clause 18.3 of the Administration Agreement;
9.1.2 send to HML a copy of the annual audited accounts of the Issuer within a reasonable time after their publication;
9.1.3 as soon as reasonably practicable thereafter use its reasonable endeavours to notify HML in writing of any change to the computing systems utilised by the Administrators Administrator in the provision of the Services under the Administration Agreement or any other change to the Administration Agreement which either the Administrator reasonably believes to be material to the administration of the Mortgages (including, without limitation, change in asset type or size) or any of them and to provide to HML all updated software programmes necessary for use in connection with such Services;
9.1.4 use all reasonable endeavours to licence or to procure the licence to HML of any intellectual property rights and, in particular, all software programmes used in connection with the Services including the Paragon Software so as to permit HML to use such intellectual property rights only in connection with such Services free of charge upon assumption by HML of the duties and obligations of the Administrators Administrator as provided herein;
9.1.5 make available to or procure for the use of HML office space, facilities, equipment, systems, software, the Paragon Software and staff then in use by the Administrators Administrator in order to facilitate the assumption and performance by HML under this Agreement; and
9.1.6 co-operate to ensure that the administration and transfer of the Services following termination of the Administration Agreement shall be as expeditious, orderly and efficient as practicable and, in particular, the Issuer shall use its reasonable endeavours to procure that the Administrators comply Administrator complies with their its obligations in this regard under the Administration Agreement,
Appears in 1 contract
Samples: Substitute Administrator Agreement
OBLIGATIONS OF THE ADMINISTRATOR. 9.1 For so long as HML remains the substitute administrator in accordance with the provisions of this Agreement, the Administrators shall (and the Substitute Administrator shall request that the Administrators send, provide and/or notify, as applicable, to the extent that the Administrators have not sent, provided and/or notified, as applicable, the same to the Substitute Administrator):
9.1.1 send to HML a copy of the Administrator Report within 31 1 Business DaysDay Day of the relevant PrincipalInterest Interest Determination Date pursuant to clause 18.3 Clause 17.3 of the Administration Agreement;
9.1.2 send to HML a copy of the annual audited accounts of the Issuer within a reasonable time after their publication;
9.1.3 as soon as reasonably practicable thereafter use its reasonable endeavours to notify HML in writing of any change to the computing systems utilised by the Administrators in the provision of the Services under the Administration Agreement or any other change to the Administration Agreement which either Administrator reasonably believes to be material to the administration of the Mortgages (including, without limitation, change in asset type or size) or any of them and to provide to HML all updated software programmes necessary for use in connection with such Services;
9.1.4 use all reasonable endeavours to licence or to procure the licence to HML of any intellectual property rights and, in particular, all software programmes used in connection with the Services including the Paragon Software so as to permit HML to use such intellectual property rights only in connection with such Services free of charge upon assumption by HML of the duties and obligations of the Administrators as provided herein;
9.1.5 make available to or procure for the use of HML office space, facilities, equipment, systems, software, the Paragon Software and staff then in use by the Administrators in order to facilitate the assumption and performance by HML under this Agreement; and
9.1.6 co-operate to ensure that the administration and transfer of the Services following termination of the Administration Agreement shall be as expeditious, orderly and efficient as practicable and, in particular, the Issuer shall use its reasonable endeavours to procure that the Administrators comply with their obligations in this regard under the Administration Agreement,
Appears in 1 contract
Samples: Substitute Administrator Agreement
OBLIGATIONS OF THE ADMINISTRATOR.
9.1 For so long as HML remains the substitute administrator in accordance with the provisions of this Agreement, the Administrators shall (and the Substitute Administrator shall request that the Administrators send, provide and/or notify, as applicable, to the extent that the Administrators have not sent, provided and/or notified, as applicable, the same to the Substitute Administrator):Administrator):
9.1.1 send to HML a copy of the Administrator Report within 31 3 Business DaysDay Days of the relevant PrincipalInterest Principal Determination Date pursuant to clause 18.3 of the Administration Agreement;
9.1.2 send to HML a copy of the annual audited accounts of the Issuer within a reasonable time after their publication;
9.1.3 as soon as reasonably practicable thereafter use its reasonable endeavours to notify HML in writing of any change to the computing systems utilised by the Administrators in the provision of the Services under the Administration Agreement or any other change to the Administration Agreement which either Administrator reasonably believes to be material to the administration of the Mortgages (including, without limitation, change in asset type or size) or any of them and to provide to HML all updated software programmes necessary for use in connection with such Services;
9.1.4 use all reasonable endeavours to licence or to procure the licence to HML of any intellectual property rights and, in particular, all software programmes used in connection with the Services including the Paragon Software so as to permit HML to use such intellectual property rights only in connection with such Services free of charge upon assumption by HML of the duties and obligations of the Administrators as provided herein;
9.1.5 make available to or procure for the use of HML office space, facilities, equipment, systems, software, the Paragon Software and staff then in use by the Administrators in order to facilitate the assumption and performance by HML under this Agreement; and
9.1.6 co-operate to ensure that the administration and transfer of the Services following termination of the Administration Agreement shall be as expeditious, orderly and efficient as practicable and, in particular, the Issuer shall use its reasonable endeavours to procure that the Administrators comply with their obligations in this regard under the Administration Agreement,
Appears in 1 contract
Samples: Substitute Administrator Agreement
OBLIGATIONS OF THE ADMINISTRATOR. 9.1 For so long as HML remains the substitute administrator in accordance with the provisions of this Agreement, the Administrators Administrator shall (and the Substitute Administrator shall request that the Administrators Administrator send, provide and/or notify, as applicable, to the extent that the Administrators have Administrator has not sent, provided and/or notified, as applicable, the same to the Substitute Administrator):
9.1.1 send to HML a copy of the Administrator Report within 31 3 Business DaysDay Days of the relevant PrincipalInterest Principal Determination Date pursuant to clause Clause 18.3 of the Administration Agreement;
9.1.2 send to HML a copy of the annual audited accounts of the Issuer within a reasonable time after their publication;
9.1.3 as soon as reasonably practicable thereafter use its reasonable endeavours to notify HML in writing of any change to the computing systems utilised by the Administrators Administrator in the provision of the Services under the Administration Agreement or any other change to the Administration Agreement which either the Administrator reasonably believes to be material to the administration of the Mortgages (including, without limitation, change in asset type or size) or any of them and to provide to HML all updated software programmes necessary for use in connection with such Services;
9.1.4 use all reasonable endeavours to licence or to procure the licence to HML of any intellectual property rights and, in particular, all software programmes used in connection with the Services including the Paragon Software so as to permit HML to use such intellectual property rights only in connection with such Services free of charge upon assumption by HML of the duties and obligations of the Administrators Administrator as provided herein;
9.1.5 make available to or procure for the use of HML office space, facilities, equipment, systems, software, the Paragon Software and staff then in use by the Administrators Administrator in order to facilitate the assumption and performance by HML under this Agreement; and
9.1.6 co-operate to ensure that the administration and transfer of the Services following termination of the Administration Agreement shall be as expeditious, orderly and efficient as practicable and, in particular, the Issuer shall use its reasonable endeavours to procure that the Administrators comply Administrator complies with their its obligations in this regard under the Administration Agreement,
Appears in 1 contract
Samples: Commitment Fee Agreement
OBLIGATIONS OF THE ADMINISTRATOR. 9.1 For so long as HML remains the substitute administrator in accordance with the provisions of this Agreement, the Administrators Administrator shall (and the Substitute Administrator shall request that the Administrators Administrator send, provide and/or notify, as applicable, to the extent that the Administrators have Administrator has not sent, provided and/or notified, as applicable, the same to the Substitute Administrator):
9.1.1 send to HML a copy of the Administrator Report within 31 Business DaysDay of the relevant PrincipalInterest Determination Date pursuant to clause 18.3 of the Administration Agreement;
9.1.2 send to HML a copy of the annual audited accounts of the Issuer within a reasonable time after their publication;
9.1.3 9.1.2 as soon as reasonably practicable thereafter use its reasonable endeavours to notify HML in writing of any change to the computing systems utilised by the Administrators Administrator in the provision of the Services under the Administration Agreement or any other change to the Administration Agreement which either the Administrator reasonably believes to be material to the administration of the Mortgages (including, without limitation, change in asset type or size) or any of them and to provide to HML all updated software programmes necessary for use in connection with such Services;
9.1.4 9.1.3 use all reasonable endeavours to licence or to procure the licence to HML of any intellectual property rights and, in particular, all software programmes used in connection with the Services including the Paragon Software so as to permit HML to use such intellectual property rights only in connection with such Services free of charge upon assumption by HML of the duties and obligations of the Administrators Administrator as provided herein;
9.1.5 9.1.4 make available to or procure for the use of HML office space, facilities, equipment, systems, software, the Paragon Software and staff then in use by the Administrators Administrator in order to facilitate the assumption and performance by HML under this Agreement; and
9.1.6 9.1.5 co-operate to ensure that the administration and transfer of the Services following termination of the Administration Agreement shall be as expeditious, orderly and efficient as practicable and, in particular, the Issuer shall use its reasonable endeavours to procure that the Administrators comply Administrator complies with their its obligations in this regard under the Administration Agreement,
Appears in 1 contract
Samples: Substitute Administrator Agreement
OBLIGATIONS OF THE ADMINISTRATOR. 9.1 For so long as HML remains the substitute administrator in accordance with the provisions of this Agreement, the Administrators shall (and the Substitute Administrator shall request that the Administrators send, provide and/or notify, as applicable, to the extent that the Administrators have not sent, provided and/or notified, as applicable, the same to the Substitute Administrator):
9.1.1 send to HML a copy of the Administrator Report within 31 1 Business DaysDay Day of the relevant PrincipalInterest Interest Determination Date pursuant to clause 18.3 Clause 17.3 of the Administration Agreement;
9.1.2 send to HML a copy of the annual audited accounts of the Issuer within a reasonable time after their publication;
9.1.3 as soon as reasonably practicable thereafter use its reasonable endeavours to notify HML in writing of any change to the computing systems utilised by the Administrators in the provision of the Services under the Administration Agreement or any other change to the Administration Agreement which either Administrator reasonably believes to be material to the administration of the Mortgages (including, without limitation, change in asset type or size) or any of them and to provide to HML all updated software programmes necessary for use in connection with such Services;
9.1.4 use all reasonable endeavours to licence or to procure the licence to HML of any intellectual property rights and, in particular, all software programmes used in connection with the Services including the Paragon Software so as to permit HML to use such intellectual property rights only in connection with such Services free of charge upon assumption by HML of the duties and obligations of the Administrators as provided herein;
9.1.5 make available to or procure for the use of HML office space, facilities, equipment, systems, software, the Paragon Software and staff then in use by the Administrators in order to facilitate the assumption and performance by HML under this Agreement; and
9.1.6 co-operate to ensure that the administration and transfer of the Services following termination of the Administration Agreement shall be as expeditious, orderly and efficient as practicable and, in particular, the Issuer shall use its reasonable endeavours to procure that the Administrators comply with their obligations in this regard under the Administration Agreement,
Appears in 1 contract
Samples: Substitute Administrator Agreement