Post Closing Administration Sample Clauses

Post Closing Administration. (a) Following Closing, Vendor shall hold title to the Purchased Interest for Purchaser until all necessary notifications, registrations and other steps required to transfer such title to Purchaser have been completed.
Sample 1
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Post Closing Administration. Upon written request by Buyer delivered prior to the Closing Date, Seller will provide home office and administrative services for the Company from and after the Closing Date until the date on which the Company’s Annual Statement is filed with the California Insurance Department, but not later than six months following the Closing Date. Such services will include, without limitation, providing reasonable assistance to maintain any licenses, qualifications, and authorizations of the Company to do business in each jurisdiction listed in Section 3.1 of this Agreement. Such services will be provided in accordance with the terms of the currently existing service agreement between the Company and Seller, and Buyer will pay to Seller a monthly management fee equal to the management fee payable by the Company to Seller under such currently existing service agreement, pro rated for the appropriate time period. Each of Buyer and Seller will cooperate with the other party’s reasonable requests in connection with any services provided by Seller pursuant to this Section 10.17.
Sample 1
Post Closing Administration. Following Closing, in any case where Purchaser must be novated into, or recognized as a party to the Title Documents and any other agreements and documents to which the Assets are subject, Vendor shall hold the Assets and any revenues arising therefrom as bare legal trustee, for the benefit of Purchaser, and Vendor shall maintain the Assets on behalf of the Purchaser and Purchaser shall reimburse Vendor for or directly pay, all costs and expenses directly associated with maintaining the Assets or allocated thereto that have been paid or are payable by Vendor and any out of pocket costs and expenses paid or incurred by Vendor in the discharge of its duties and obligations pursuant to this Section 8.3. Vendor shall promptly provide to Purchaser all revenues that accrue after the Closing Time, all AFEs, notices and other information, documents and correspondence relating to the applicable Assets that Vendor receives and shall respond promptly to such AFEs, notices and other information and documents pursuant to the written instructions of the Purchaser. Vendor shall not initiate or authorize any operations with respect to the applicable Assets, except upon the written direction of the Purchaser. Vendor shall as soon as is reasonably practicable, deliver to Purchaser all revenue, proceeds and other benefits received by Vendor derived from the Assets.
Sample 1
Post Closing Administration. (a) Following Closing, Vendor shall hold its title to the Assets in trust for Purchaser until all necessary notifications, registrations and other steps required to transfer such title to Purchaser have been completed;
Sample 1
Post Closing Administration. (a) Following Closing, Vendor shall hold title to the interest in the Assets for Purchaser as bare trustee for the benefit of Purchaser and receive and hold as bare trustee all proceeds, benefits and advantages accruing in respect of the Assets, in each case until all necessary notifications, registrations and other steps required to transfer title to Purchaser have been completed.
Sample 1
Post Closing Administration. After Closing, until the Purchaser becomes the recognized successor to the Vendor's current interest in a particular Asset, the following provisions shall apply:
Sample 1
Post Closing Administration. After the date of Closing, Seller shall permit Buyer to collect, in the name of Seller or otherwise, all receivables which shall be transferred hereunder to Buyer as listed on Schedule 2.5 (the "Transferred Receivables"), and to endorse with the name of Seller any checks, receivables or other items relating to the Transferred Receivables. Seller shall transfer and deliver to Buyer any cash or other property which Seller may receive in respect of the Transferred Receivables or the Purchased Assets. In the event that Buyer shall receive any checks, cash or other property relating to receivables or other assets retained by Seller, Buyer shall promptly as practicable forward such materials to Seller.
Sample 1
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Post Closing Administration 
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Related to Post Closing Administration

  • Income Collection, Transaction Processing, Account Administration 0.25 of a basis point per annum on the average net assets of the Fund.

  • Claims Administration the processing of claims made under the Insurance Policies, including the reporting of claims to the insurance carrier, management and defense of claims and providing for appropriate releases upon settlement of claims.

  • Reinsurance Administration THE COMPANY shall perform all duties with respect to the administration of the reinsurance under this Agreement on the portion of the policies reinsured under this Agreement.

  • 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.

  • 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.

  • Fund Administration Tax Services x. Compute tax basis provisions for both excise and income tax purposes;

  • REGULATORY ADMINISTRATION SERVICES BNY Mellon shall provide the following regulatory administration services for each Fund and Series:  Assist the Fund in responding to SEC examination requests by providing requested documents in the possession of BNY Mellon that are on the SEC examination request list and by making employees responsible for providing services available to regulatory authorities having jurisdiction over the performance of such services as may be required or reasonably requested by such regulatory authorities;  Assist with and/or coordinate such other filings, notices and regulatory matters and other due diligence requests or requests for proposal on such terms and conditions as BNY Mellon and the applicable Fund on behalf of itself and its Series may mutually agree upon in writing from time to time; and

  • Administration; Reports The Custodian shall, in general, attend to all non-discretionary details in connection with maintaining custody of the Receivable Files on behalf of the Trust Collateral Agent. In addition, the Custodian shall assist the Trust Collateral Agent generally in the preparation of any routine reports to Noteholders or to regulatory bodies, to the extent necessitated by the Custodian’s custody of the Receivable Files.

  • Administration of Buydown Funds (a) With respect to any Buydown Mortgage Loan, the Subservicer has deposited Buydown Funds in an account that satisfies the requirements for a Subservicing Account (the "Buydown Account"). The Master Servicer shall cause the Subservicing Agreement to require that upon receipt from the Mortgagor of the amount due on a Due Date for each Buydown Mortgage Loan, the Subservicer will withdraw from the Buydown Account the predetermined amount that, when added to the amount due on such date from the Mortgagor, equals the full Monthly Payment and transmit that amount in accordance with the terms of the Subservicing Agreement to the Master Servicer together with the related payment made by the Mortgagor or advanced by the Subservicer.

  • Escrow Administration Fees, Compensation of Prime Trust Escrow Agent is entitled to escrow administration fees from Issuer and/or Broker as set forth in Schedule A attached hereto and as displayed on the Issuer Dashboard. Escrow Agent fees are not contingent in any way on the success or failure of the Offering, receipt of Subscriber funds, or transactions contemplated by this Agreement. No fees, charges or expense reimbursements of Escrow Agent are reimbursable, and are not subject to pro-rata analysis. All fees and charges, if not paid by a representative of Issuer (e.g. funding platform, lead syndicate broker, etc.), may be made via either Issuers credit/debit card or ACH information on file with Escrow Agent. Issuer shall at all times maintain appropriate funds in their account for the payment of escrow administration fees. Escrow Agent may also collect its fee(s), at its option, from any other account held by the Issuer at Prime Trust. It is acknowledged and agreed that no fees, reimbursement for costs and expenses, indemnification for any damages incurred by Issuer or Escrow Agent shall be paid out of or chargeable to the Escrow Amount.

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