Cash Administrator definition
Examples of Cash Administrator in a sentence
For the avoidance of doubt, any pending agreement in respect of any external counsel fees shall not exempt the Account Bank and/or the Cash Administrator from carrying out its obligations under this Agreement.
External counsel fees are payable by each of the Account Bank and the Cash Administrator unless, subject to the prior written consent of VWFS as Servicer and Seller, it is agreed that such legal fees will be paid by the Issuer.
However, such a refusal will be an obstacle preventing the start or continuation of business relations between the Issuer and the Account Bank and/or the Cash Administrator, as applicable.
The Issuer may freely refuse to provide the Account Bank and/or the Cash Administrator, as applicable, with this information and thus prevent the Account Bank and/or the Cash Administrator, as applicable, from using these data-processing systems.
Until the Account Bank is able to contact the Issuer, the Cash Administrator and/or the Servicer and receive instructions, the Account Bank will be under no obligation to make a payment in accordance with such Payment Instruction.