Examples of Liberty Street Administrator in a sentence
Each remittance of Collections by the Seller Parties to the Administrative Agent, the Liberty Street Administrator or the Purchasers hereunder has been made (i) in payment of a debt incurred by such Seller Party in the ordinary course of its business or financial affairs, and (ii) in the ordinary course of business or financial affairs of such Seller Party.
Scotiabank has been requested and is willing to act as Liberty Street Administrator on behalf of itself and Liberty Street in accordance with the terms hereof.
TheNeither the Administrative Agent nor the Liberty Street Administrator shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with reasonable care.
Seller shall remain obligated for the amount of any payment or application so rescinded, returned or refunded, and shall promptly pay to the applicable Purchaser, the Liberty Street Administrator or the Administrative Agent, as the case may be, the full amount thereof together with any Yield thereon from the date of any such rescission, return or refunding.
On the terms and subject to the conditions set forth herein, Scotiabank hereby joins the Agreement as a Purchaser with a Commitment of $100,000,000, Liberty Street hereby joins the Agreement as an uncommitted Purchaser, and Scotiabank hereby joins the Agreement as Liberty Street Administrator.
Seller will promptly notify the Administrative Agent and Purchasersthe Liberty Street Administrator in writing of such posting (which notification may be provided by email).
Seller agrees to deliver promptly to the Administrative Agent and the Liberty Street Administrator a written confirmation of each telephonic notice signed by an Authorized Officer of Seller; provided, however, the absence of such confirmation shall not affect the validity of such notice.
Each of Liberty Street and Scotiabank hereby irrevocably designates and appoints Scotiabank, as Liberty Street Administrator hereunder, and authorizes the Liberty Street Administrator to take such action on its behalf under the provisions of the Transaction Documents and to exercise such powers and perform such duties as are expressly delegated to the Liberty Street Administrator by the terms of the Transaction Documents, together with such other powers as are reasonably incidental thereto.
If such amounts are payable to the Liberty Street Administrator, they shall be paid to the Liberty Street Administrator’s Account for prompt distribution to the appropriate members of the Liberty Street Funding Group.
In performing its functions and duties hereunder, the Liberty Street Administrator shall act solely as the administrator of the Liberty Street Funding Group and does not assume nor shall be deemed to have assumed any obligation or relationship of trust or agency with or for either of Seller Parties, WFB, the Administrative Agent or any of their respective successors and assigns.