Examples of Replacement Administrator in a sentence
Such co-operation shall include (i) access to and transfer of all files and records, and (ii) the transfer or paying over of any Rental ULC money, each as may be in the possession or control of the predecessor, to the Replacement Administrator.
In the event that the appointment of the Administrator as administrator is terminated in accordance with the provisions of the Administration Agreement, the Replacement Administrator Facilitator will use best efforts to identify on behalf of the Issuer, and assist the Issuer in appointing, a suitable replacement administrator, in accordance with the Administration Agreement.
A Replacement Administrator appointed pursuant to Section 5.4 shall be entitled to a reasonable fee for services rendered, such fee to be settled by Rental ULC with the Replacement Administrator, and to be payable in respect of each Settlement Period in arrears.
Reference is further made to that certain Notice of Resignation of Administrator, Appointment of Replacement Administrator and Amendment of Administration Agreement and Notice of Proposed Supplemental Indenture dated December 23, 2014 wherein the Trustee provided notice of a proposed supplemental indenture pursuant to Sections 8.1 of the Indenture (the “Supplemental Indenture”).
Such risk is mitigated by the provisions of the Administration Agreement pursuant to which the Replacement Administrator Facilitator, in certain circumstances, will assist the Issuer in appointing a replacement administrator.
Upon the designation of a Replacement Administrator, if any, each Administrator agrees that it will terminate its activities as Administrator hereunder in a manner in which the Indenture Trustee will determine will facilitate the transition of the performance of such activities to the Replacement Administrator and each Administrator shall co-operate with and assist such Replacement Administrator.
However, notwithstanding the above, no assurance can be given that a replacement administrator will be identified by the Replacement Administrator Facilitator upon the occurrence of an Administrator Termination Event or that such replacement will be completed.
The Administrator will, by written notice to the Signatories, advise of the appointment of the Replacement Administrator.
The Reinsurer shall also reimburse the Ceding Company for the Ceding Company’s reasonable out-of-pocket costs for conversion of the administration of the Business to the Replacement Administrator.
Bulkhead Replacement Administrator Tucker related that the replacement of the bulkhead has a ripple effect not only on the marina site itself, but it also has an impact on everything else the City will be doing going forward because of the expense of the marina project.