Backup Administration Agreement definition
Examples of Backup Administration Agreement in a sentence
Section 6.2 of the Back-up Administration Agreement is hereby removed and replaced with the following:Amendment.
After twenty (20) Business Days after receipt of such notice by the parties mentioned above the Back-up Administrator will assume the CBC Services as its own and independent obligations by way of a contract transfer (contractsoverneming) and fulfil and comply with all of the Administrators' obligations under this Agreement, except as otherwise provided in the Back-up Administration Agreement, in respect of the CBC Services, as if it was initially appointed as Administrator under this Agreement.
The Issuer and the Administrator will also enter into a Back-up Administration Agreement, to be dated as of November 1, 2003 (the "Back-up Administration Agreement"), with Lord SPV Securities Corporation (the "Back-up Administrator").
The Issuer and the Administrator will also enter into a Back-up Administration Agreement, to be dated as of April 1, 2004 (the "Back-up Administration Agreement"), with Lord SPV Securities Corporation (the "Back-up Administrator").
Administrator: NIBC Bank in its capacity as administrator under the Administration Agreement or its successor or successors, or Intertrust Administrative Services B.V. in its capacity as administrator if the suspensive condition has been fulfilled that theappointment of NIBC Bank as administrator has been terminated as set out in the Back-up Administration Agreement (as defined below).
Administrator: NIBC Bank in its capacity as administrator under the Administration Agreement or its successor or successors, or Intertrust Administrative Services B.V. in its capacity as administrator if the suspensive condition has been fulfilled that the appointment of NIBC Bank as administrator has been terminated as set out in the Back-up Administration Agreement (as defined below).
If at any time an Administrator Termination Event as described in Clause 3.1 of the Back-up Administration Agreement occurs, then the Security Trustee may serve a written notice to the CBC, the Issuer and the Back- up Administrator informing them of such event and that it wishes to terminate the appointment of the Administrator.
Harvest shall pay all costs and expenses of Agent entering into and maintaining the Backup Administration Agreement and any fees, expenses or costs payable to Backup Administrator pursuant to such Backup Administration Agreement.
Labels shall be handled very carefully in order to avoid any finger prints.
Harvest agrees not to, and will cause Administrator not to, interfere with Backup Administrator’s performance of its duties under any Backup Administration Agreement or to take any action that would be inconsistent in any way with the terms of such Backup Administration Agreement.