Examples of Asset Monitor in a sentence
For the avoidance of doubt, the Security Trustee shall not be obliged to act as Asset Monitor in any circumstances.
The fee per Amortisation Test shall be agreed between the CBC and the Asset Monitor in the event the Amortisation Test is required to be carried out.
In the event that the CBC, the Administrator or the Issuer does not receive a duly completed invoice at least thirty-five (35) days prior to the relevant CBC Payment Date, the Asset Monitor Fee shall become due and payable on the next CBC Payment Date falling not less than thirty-five (35) days after receipt by the CBC, the Administrator and the Issuer of a duly completed invoice.
The resignation of the Asset Monitor shall not be effective unless a replacement asset monitor has been found in accordance with this Clause.
The CBC has entered into agreements with a number of third parties, such as the Servicer, Administrator and Asset Monitor, which have agreed to perform services for the CBC.