Examples of Portfolio Administrator in a sentence
Upon entering into a Confirmation, the Portfolio Administrator shall be deemed to acknowledge and agree that the obligations purported to be imposed on the Portfolio Administrator in the Final Terms in relation to the relevant Series of ETP Securities shall apply to the Portfolio Administrator.
Neither the Portfolio Administrator nor any of its Affiliates, directors, officers, employees, shareholders and agents will be liable to the Issuer or other parties hereto, except by reason of acts or omissions constituting wilful misconduct or gross negligence, fraud, bad faith or breach by of the Portfolio Administrator of this Agreement.
The Portfolio Administrator’s duties and authority to act as Portfolio Administrator hereunder are limited to the duties and authority specifically provided for in this Agreement, in the Customer Agreement and in the Final Terms in relation to the relevant Series of ETP Securities in respect of which the Portfolio Administrator and the Issuer have entered into a Confirmation.
As of the date of the Base Prospectus and as of the Issue Date the section entitled “The Portfolio Administrator” and any information concerning the Portfolio Administrator contained in the Base Prospectus, is true in all material respects and does not omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
The Portfolio Administrator further acknowledges that the rights of the Issuer and the Portfolio Administrator in respect of the Secured Property are subject to the charges and assignments in favour of the Trustee created by or pursuant to the Trust Deed and the Security Documents in relation to such Series of ETP Securities.