Examples of Master Trust Administrator in a sentence
In addition, the Administrator will cause the Master Trust Administrator to comply with the requirements of Section 9.7(a) of the Master Collateral Agency Agreement with respect to the release of Receivables from the lien of the Master Collateral Agency Agreement on or prior to any Acquisition Date on which the Master Trust transfers Receivables to the Depositor.
Unemployment Rate in Nevada, by Age Group, 2019 Source: Bureau of Labor Statistics Expanded State Unemployment Status Demographic Data.Figure 8 shows the percent of the youth labor force (ages 16-24) that was unemployed over the period 2011-2010.
The Master Trust Administrator shall promptly notify the Issuer and the Trustee, for the benefits of the Noteholders and the other Secured Parties, in writing of any event, circumstance or occurrence which constitutes a Master Trust Administrator Default under Section 12.4 hereof.
The Master Trust Administrator has been duly incorporated and is validly existing and in good standing under the laws of the state of Delaware, with the power, authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to enter into and perform its obligations under this Master Trust Indenture and the other Transaction Documents.
The Master Trust Administrator has the power and authority to execute and deliver this Master Trust Indenture and the other Transaction Documents and to carry out its terms and their terms, respectively, and the execution, delivery and performance of this Master Trust Indenture and the other Transaction Documents have been duly authorized by the Master Trust Administrator by all necessary corporate action.
Any application by the Trustee for written instructions from the Issuer or the Master Trust Administrator may, at the option of the Trustee, set forth in writing any action proposed to be taken or omitted by the Trustee under this Master Trust Indenture and the date on and/or after which such action shall be taken or such omission shall be effective.
Upon receipt of a written notice from the Master Trust Administrator pursuant to which all outstanding OC Facilities have been paid in full as of the final pay-off date in such notice (“Shared Collection Reinstatement Event”), Shared Collections shall be available again for allocation effective for the Settlement Period in which the Master Trust Administrator notifies the Trustee and the Servicer of such Shared Collection Reinstatement Event.
Each authenticating agent must be acceptable to the Master Trust Administrator on behalf of the Issuer.
The Trustee (or the Master Trust Administrator on behalf of the Issuer if the Trustee is the Paying Agent) shall notify Moody’s and Standard & Poor’s of the removal of any Paying Agent.
No remedy provided for by this Master Trust Indenture shall be exclusive of any other remedy, and each and every remedy shall be cumulative and in addition to any other remedy and no delay or omission to exercise any right or remedy shall impair any such right or remedy or shall be deemed to be a waiver of any Master Trust Administrator Default.