Examples of Indenture Administrator in a sentence
None of the Eligible Lender Trustee, the Indenture Trustee or the Indenture Administrator shall have a duty to conduct any affirmative investigation as to the occurrence of any condition requiring the purchase of any Trust Student Loan or the reimbursement for any interest penalty pursuant to this Section 6.
Initially, the Issuer has contracted with the Servicer and the Indenture Administrator to assist the Issuer in performing its duties under this Indenture.
The Indenture Administrator will monitor the performance of the Issuer and will advise the Owner Trustee when action is necessary to comply with the Issuer’s duties under the Indenture.
If the Indenture Administrator resigns or is removed pursuant to Sections 5.1 or 5.2(b), the Indenture Administrator will cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Indenture Administrator to the successor Indenture Administrator.
The Owner Trustee will keep a copy of each such instrument in its files and will deliver a copy of each such instrument to the Indenture Administrator.