APPOINTMENT OF SUB-ADMINISTRATOR Sample Clauses

APPOINTMENT OF SUB-ADMINISTRATOR. The Advisor hereby appoints the Sub-Administrator to act as administrator with respect to the Corporation for purposes of providing certain administrative services for the period and on the terms set forth in this Agreement. The Sub-Administrator accepts such appointment and agrees to render the services stated herein. The Corporation currently consists of the Fund(s) and their respective classes of shares as listed in Schedule A to this Agreement. In the event that the Corporation establishes one or more additional Fund(s) with respect to which the Advisor wishes to retain the Sub-Administrator to act as administrator hereunder, the Advisor shall notify the Sub-Administrator in writing. Upon written acceptance by the Sub-Administrator, such Fund(s) shall become subject to the provisions of this Agreement to the same extent as the existing Fund, except to the extent that such provisions (including those relating to compensation and expenses payable by the Advisor) may be modified with respect to such Fund in writing by the Advisor and the Sub-Administrator at the time of the addition of such Fund.
AutoNDA by SimpleDocs
APPOINTMENT OF SUB-ADMINISTRATOR. The Administrator hereby appoints the Sub-Administrator to act as sub-administrator with respect to the Fund's investment portfolio for purposes of providing certain sub-administrative services for the period and on the terms set forth in this Agreement. The Sub-Administrator accepts such appointment and agrees to render the services stated herein.
APPOINTMENT OF SUB-ADMINISTRATOR. KIMCO hereby appoints BISYS as Sub-Administrator for the Funds on the terms and conditions set forth in this Agreement and BISYS hereby accepts such appointment and agrees to perform the services and duties set forth in Section 2 of this Agreement in consideration of the compensation provided for in Section 4 hereof.
APPOINTMENT OF SUB-ADMINISTRATOR. The Administrator hereby appoints the Sub-Administrator to act as sub-administrator with respect to the Funds for purposes of providing certain administrative services for the period and on the terms set forth in this Agreement. The Sub-Administrator accepts such appointment and agrees to render the services stated herein. The Administrator shall notify the Sub-Administrator in writing if the Administrator wishes to retain the Sub-Administrator to act as sub-administrator for one or more newly-established series portfolios (each a “New Fund”), not then represented on Schedule A hereto. Upon written acceptance by the Sub-Administrator, such New Fund shall become subject to the provisions of this Agreement to the same extent as the existing Funds, except to the extent that such provisions (including those relating to the compensation and expenses payable by the Funds) may be modified with respect to each additional New Fund in writing by the Administrator and the Sub-Administrator at the time of the addition of the Fund.
APPOINTMENT OF SUB-ADMINISTRATOR. The Administrator may at any time appoint a sub-administrator to perform all or any portion of its obligations as Administrator hereunder; provided, however, that any applicable Rating Agency Condition shall have been satisfied in connection therewith; provided, further, that the Administrator shall remain obligated and be liable to the Issuer, the Owner Trustee, the Indenture Administrator, the Indenture Trustee and the Noteholders for administering the Issuer in accordance with the provisions hereof without diminution of such obligation and liability by virtue of the appointment of such sub-administrator and to the same extent and under the same terms and conditions as if the Administrator alone were administering the Issuer. The fees and expenses of the sub-administrator shall be as agreed between the Administrator and its sub-administrator from time to time and none of the Issuer, the Owner Trustee, the Indenture Administrator, the Indenture Trustee or the Noteholders shall have any responsibility therefor. With respect to satisfying the Rating Agency Condition referred to above, the term “sub-administrator” shall be deemed not to include systems providers, systems developers or systems maintenance contractors, collection agencies, credit bureaus, lock box providers, mail service providers and other similar types of service providers.
APPOINTMENT OF SUB-ADMINISTRATOR. The Administrator hereby appoints the Sub-Administrator to act as administrator with respect to each Company and Account for purposes of providing certain administrative services for the period and on the terms set forth in this Agreement. The Sub-Administrator accepts such appointment and agrees to render the Services stated herein. Each Company currently consists of the Fund(s) and its respective classes of shares as listed in Schedule A-1 to this Agreement. In the event that the Administrator furnishes administrative services to one or more additional Companies or Accounts with respect to which the Administrator wishes to retain the Sub-Administrator to act as administrator hereunder, or a Company establishes one or more additional Fund(s) with respect to which the Administrator wishes to retain the Sub-Administrator to act as administrator hereunder, the Administrator shall notify the Sub-Administrator in writing. Upon written acceptance by the Sub-Administrator, such Company(ies), Fund(s) or Account(s) shall become subject to the provisions of this Agreement to the same extent as the existing Companies, Funds and Accounts, except to the extent that such provisions may be modified with respect to such Company, Fund or Account in writing by the Administrator and the Sub-Administrator at the time of such addition.
APPOINTMENT OF SUB-ADMINISTRATOR. The Administrator hereby appoints the Sub-Administrator to act as sub-administrator with respect to each Fund for purposes of providing certain administrative services for the period and on the terms set forth in this Agreement. The Sub-Administrator accepts such appointment and agrees to render the services stated herein. At the date hereof, the Trust consists of the Funds and their respective classes of shares as listed in Schedule A to this Agreement. In the event that the Trust establishes one or more additional Fund(s) or classes of Fund(s) with respect to which it wishes to retain the Sub-Administrator to act as sub-administrator hereunder, the Administrator shall notify the Sub-Administrator in writing. Upon written acceptance by the Sub-Administrator, such Fund(s) or classes shall become subject to the provisions of this Agreement to the same extent as the existing Funds or classes, except to the extent that such provisions (including those relating to the compensation and expenses payable by the Administrator) may be modified with respect to such Fund(s) or classes in writing by the Administrator and the Sub-Administrator at the time of the addition of such Fund(s) or classes.
AutoNDA by SimpleDocs
APPOINTMENT OF SUB-ADMINISTRATOR. EKIS hereby appoints BISXX as Sub-Administrator for the Funds on the terms and conditions set forth in this Agreement and BISYS hereby accepts such appointment and agrees to perform the services and duties set forth in Section 2 of this Agreement in consideration of the compensation provided for in Section 4 hereof.
APPOINTMENT OF SUB-ADMINISTRATOR. The Administrator hereby appoints the Sub-Administrator to act as sub-administrator with respect to the Fund for purposes of providing certain administrative services for the period and on the terms set forth in this Agreement. The Sub-Administrator accepts such appointment and agrees to render the services stated herein to the Fund as reflected on Schedule A hereto. The Administrator shall notify the Sub-Administrator in writing if the Administrator wishes to retain the Sub-Administrator to act as sub-administrator for one or more newly-established funds (each, a “New Fund”), not then represented on Schedule A hereto. Upon written acceptance by the Sub-Administrator, such New Fund shall become subject to the provisions of this Agreement to the same extent as the existing Fund, except to the extent that such provisions (including those relating to compensation and expenses payable by the Administrator) may be modified with respect to such New Fund in writing by the Administrator and the Sub-Administrator at the time of the addition of such New Fund. Each such writing shall be considered an amendment to, and become part of, this Agreement.
APPOINTMENT OF SUB-ADMINISTRATOR. (a) Buyer Subsidiary wishes to act as Sub-Administrator to the Administrator for each Securitization Trust and the 2010-1 Trust, and the Seller, as Administrator, wishes to assign such administration responsibilities to Buyer Subsidiary. On the Closing Date,
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!