Examples of Administrator Agreement in a sentence
Responsibility for administering the Settlement Fund or effectuating payments described in this Paragraph shall rest solely with the Settlement Administrator in cooperation with the Escrow Agent, and in accordance with the Settlement Administrator Agreement and the Escrow Agreement.
Defendant shall deposit or cause to be deposited the balance of the Settlement Fund (i.e. $2,900,000.00 less the Notice and Administrative Expenses) into the same Escrow Account established and administered by the Settlement Administrator at the Escrow Agent and pursuant to the Settlement Administrator Agreement and the Escrow Agreement, within ten (10) days of the Effective Date.
The Administrator may resign from its obligations hereunder and under the Administrator Agreement upon completion of the services to be rendered for any year upon sixty (60) days’ written notice to the Authority and the Trustee.
In the event of the termination of the Settlement Agreement, within seven (7) days after the occurrence of such termination, the Settlement Administrator and Escrow Agent shall return to Defendant, in accordance with the terms of the Settlement Administrator Agreement and the Escrow Agreement, all monies held in the Escrow Account, including interest earned, but less any Notice and Administrative Expenses properly incurred prior to the date of the termination of the Settlement Agreement.
Such successor Administrator shall enter into an agreement with the Authority substantially in the form of the Administrator Agreement.