Examples of Administrative Servicer in a sentence
In the ordinary course of business, the Servicer may at any time delegate any duties hereunder to any Person who agrees to conduct such duties in accordance with the Cardholder Guidelines, including the delegation of duties pursuant to the Administrative Servicer Agreement.
The Seller may at any time appoint any other Person, including the Originator or an Affiliate of the Originator, as a successor Administrative Servicer to perform the responsibilities and obligations previously performed by Alliance Data on behalf of the Seller, subject to any requirement in any Supplement or Receivables Purchase Agreement.
The Seller, the Trustee and the Purchaser Representatives hereby acknowledge and consent to the continuation of Alliance Data as the Administrative Servicer pursuant to the terms and conditions set forth in the Administrative Servicer Agreement.
Administrative Services Agreement means the agreement entered into on 22 October 2021 between the Guarantor and the Guarantor Administrative Servicer pursuant to which the Guarantor Administrative Servicer will provide certain administration services to the Guarantor.
On 14 October 2021, the Guarantor Administrative Servicer and the Guarantor entered into the Administrative Services Agreement, pursuant to which the Guarantor Administrative Servicer has agreed to provide certain administrative services to the Guarantor.
Administrative Servicer has agreed to operate the Expenses Account in order to make certain payments as set out in the Cash Allocation, Management and Payment Agreement.
Following the signature of the relative agreement, made in October 2021, effective from 1 July 2021, the Company assigned Banco BPM the role of Administrative Servicer to perform accounting, administrative and tax-related activities, while maintaining KPMG as Corporate Servicer for corporate activities.
Administrative Services Agreement means the agreement entered into on 14 October 2021 between the Guarantor and the Guarantor Administrative Servicer pursuant to which the Guarantor Administrative Servicer will provide certain administration services to the Guarantor.
Pursuant to the terms of an administrative services agreement dated the Signing Date (the “Administrative Services Agreement”), the Administrative Servicer has agreed to provide certain administrative services to the Issuer.
The Seller and the Servicer hereby agree: (i) (A) to cause all Collections (other than Store Payments) which may be sent by Obligors to be delivered to the Administrative Servicer; and (B) to cause the Administrative Servicer to deposit all such Collections into the Collection Account within two Business Days of receipt by the Administrative Servicer; and (ii) to cause all Store Payments to be deposited into the Collection Account within two Business Days of receipt of such payments at a Store.