Derivative Administrator definition

Derivative Administrator. LaSalle Bank National Association acting as derivative administrator under the Derivative Administration Agreement.
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Examples of Derivative Administrator in a sentence

  • The Swap Provider and the Derivative Administrator shall be third-party beneficiaries of this Agreement to the same extent as if they were parties hereto, and shall have the right to enforce the provisions of this Agreement.

  • However, any payment from the Certificates (other than the Class CE, Class P and Class R Certificates) of a Class IO Distribution Amount shall be treated for tax purposes as having been received by the Holders of such Certificates in respect of their interests in REMIC III and as having been paid by such Holders to the Derivative Administrator pursuant to the notional principal contract.

  • The Derivative Account, which is created and maintained by the Derivative Administrator pursuant to the Derivative Administration Agreement, is an “outside reserve fund” within the meaning of Treasury Regulation Section 1.860G-2(h) and shall not be an asset of any REMIC created hereunder.

  • Any Person appointed as successor trustee pursuant to Section 9.09 shall also be required to serve as successor Derivative Administrator and successor supplemental interest trust trustee under the Swap Agreement and the Derivative Administration Agreement.

  • The Derivative Administrator shall not have any liability for any failure or delay in payments to the Trust which are required under the Derivative Administration Agreement where such failure or delay is due to the failure or delay of the Swap Provider or the Yield Maintenance Agreement Provider in making such payment to the Derivative Administrator.

  • Any resignation or removal of LaSalle Bank National Association as Trustee shall also result in the resignation or removal, as applicable, of LaSalle Bank National Association as Derivative Administrator.

  • Amounts payable by the Trustee on any Distribution Date to the Derivative Administrator shall be paid by the Trustee as provided herein.

  • On each Distribution Date the Trustee shall remit such amounts received from the Derivative Administrator to the Holders of the Class A Certificates and Class M Certificates in the manner provided in clause (d) below.

  • It is acknowledged and agreed that the Person serving as Trustee hereunder shall also serve as Derivative Administrator under the Derivative Administration Agreement and act as Supplemental Interest Trust Trustee under the Swap Agreement and the Yield Maintenance Agreement.

  • The Trustee shall deposit in the Reserve Fund all payments received from the Derivative Administrator that are payable to the Trust Fund pursuant to the Derivative Administration Agreement.

Related to Derivative Administrator

  • Portfolio Administrator means any entity and any successor or replacement thereto, as specified in the Final Terms for each Series of ETP Securities, appointed as Portfolio Administrator in accordance with the terms of the relevant Portfolio Administration Agreement.

  • Exchange Administrator means the entity selected by Xxxxxxx Mac to act as its exchange administrator for the Exchangeable Notes and the MAC Notes, which as of the Closing Date is U.S. Bank.

  • Account Administrator means the person(s) who have been granted authority by Customer to set up, amend, or otherwise control settings and/or make additional purchases for the Account via the Administrative Portal. Account Administrators may have varying levels of Account rights, skills, or permissions.

  • Program Administrator means the person retained by the Wisconsin PACE Commission as provided in subsection (5)(b).

  • SOFR Administrator means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate).

  • Settlement Administrator means the third party settlement administrator proposed by the Parties, as approved by the Court.

  • Scheme Administrator means the person or company appointed under an instrument by the founder to manage the administrative affairs of the scheme.

  • Contract Administrator means the person authorized to represent the City in respect of the Contract and is identified at the time of award of the Contract;

  • Administrator means the Board or any of its Committees as will be administering the Plan, in accordance with Section 4 of the Plan.

  • Compact administrator means: the individual in each compacting state appointed pursuant to the terms of this compact, responsible for the administration and management of the state's supervision and transfer of juveniles subject to the terms of this compact, the rules adopted by the Interstate Commission and policies adopted by the State Council under this compact.

  • Master Servicer means the master servicer appointed as provided in the Lead Securitization Servicing Agreement.

  • Term SOFR Administrator means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Agent in its reasonable discretion).