Replacement of Administrator Sample Clauses

Replacement of Administrator. Any corporation, bank, trust company or association into which the Administrator may be merged or converted or with which it may be consolidated, or any corporation, bank, trust company or association resulting from any merger, conversion or consolidation to which the Administrator shall be a party, or any corporation, bank, trust company or association succeeding to all or substantially all the corporate trust business of the Administrator, shall be the successor of the Administrator hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, except to the extent that assumption of its duties and obligations, as such, is not effected by operation of law. No resignation or removal of the Administrator and no appointment of a successor Administrator shall become effective until the appointment by GCFP or its designee, of a successor Administrator acceptable to the NIMS Insurer, if any. Any successor Administrator shall execute such documents or instruments necessary or appropriate to vest in and confirm to such successor Administrator all such rights and powers conferred by this Agreement. The Administrator may resign at any time by giving written notice thereof to the other parties hereto with a copy to the NIMS Insurer, if any. If a successor Administrator shall not have accepted the appointment hereunder within 30 days after the giving by the resigning Administrator of such notice of resignation, the resigning Administrator may petition any court of competent jurisdiction for the appointment of a successor Administrator acceptable to the NIMS Insurer, if any. In the event of a resignation or removal of the Administrator, GCFP or its designee shall promptly appoint a successor Administrator acceptable to the NIMS Insurer, if any. If no such appointment has been made within 10 days of the resignation or removal, the NIMS Insurer, if any, may appoint a successor Administrator.
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Replacement of Administrator. The Issuer hereby directs the Trustee to, upon the occurrence of any of the conditions set forth below, replace the Administrator and appoint a successor Administrator, without any further action by the Issuer hereunder. (a) In the event that the Holder of the Class B-2 Certificates directs the Trustee to appoint a replacement Administrator by sending a written request to the Trustee setting forth the name of the successor Administrator and the date of the proposed termination and engagement of the successor Administrator. The Trustee shall notify the Issuer and the Class B-1 Certificateholders of such replacement, and the Issuer and the successor Administrator shall enter into a new Administration Agreement. The successor Administrator shall assume the obligations hereunder pursuant to such Administration Agreement.
Sample 1
Replacement of Administrator. (1) Teacher in Charge a) A teacher may consent to be designated as Teacher in Charge at a school as per Article
Sample 1
Replacement of Administrator. (1) Teacher in Charge a) Each school without a vice-principal shall have a teacher-in-charge. This position will be posted within the school and will be a two-year appointment. Applications are to be made in writing to the principal of the school who will then choose the successful applicant. b) A teacher may consent to be designated as Teacher in Charge at a school as per Article 11.
Sample 1

Related to Replacement of Administrator

  • 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.

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