Auction Administrator definition
Examples of Auction Administrator in a sentence
In no event shall the Auction Administrator be liable for indirect, punitive, special or consequential damage or loss.
The Auction Administrator shall not be liable for acting, or refraining from acting in good faith upon any such communication authorized hereby (including, but not limited to, any communication made by telephone or other communication acceptable to the parties), that the Auction Administrator believes in good faith to have been given by the particular party or parties.
The Auction Administrator will request from each Bidder, through the Dealers, instructions for transfer on the Auction Distribution Date to the Bidder (or its designee) of the Auction Certificates of each Class on which such Bidder is bidding in the event that such Bidder is the winning Bidder.
The Auction Administrator shall give notice to the Rating Agencies and each Servicer that is servicing any of the Mortgage Loans of the sale of the related Assets pursuant to this Section 7.01(b) (an "Auction Sale") and of the Auction Date.
The Securities Administrator, as Auction Administrator, agrees not to consent to any amendments to the Auction Administration Agreement or Auction Swap Agreement without the consent of 100% of the Auction Certificates.