Substitute Administrator definition

Substitute Administrator shall refer to HML in its capacity as Substitute Administrator pursuant to the Substitute Administrator Agreement and shall also include references to any successor, transferee and assignee and any person who assumes the performance of all or part of the duties and obligations of the Substitute Administrator under the Substitute Administrator Agreement following the termination of the Substitute Administrator's duties and obligation to perform such duties and obligations.

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Substitute Administrator means Homeloan Management Limited.

Substitute Administrator means Homeloan Management Limited, a company incorporated under the laws of England and Wales (registered number 2214839) whose registered office is at The Pavilions, Bridgwater Road, Bristol BS13 8AE.

Examples of Substitute Administrator in a sentence

• This indemnity shall expressly inure to the benefit of any director, officer, employee or agent existing or future of the Substitute Administrator Facilitator.

• The Issuer hereby appoints the Substitute Administrator Facilitator to carry out the services on the terms and conditions set out in this Agreement and the Substitute Administrator Facilitator accepts such appointment.

• During the term of this Agreement, the Substitute Administrator Facilitator shall, at all times perform its obligations with all due care, skill and diligence and in the utmost good faith provided that the Substitute Administrator Facilitator shall not be required to do or cause to be done anything which it is prevented from doing by virtue of any applicable law or regulatory requirement.

• The Substitute Administrator Facilitator may not assign or transfer any of its rights and obligations under this Agreement without the prior written consent of the Issuer and the Trustee.

• If the amount to which HML is entitled pursuant to Clause 5 (Fees of Substitute Administrator During Standby Period) and Clause 6 (Expenses of Substitute Administrator During Standby Period) is not paid on the due date for payment, interest will be payable on such amounts at the rate of 2 per cent per annum above the base rate from time to time of National Westminster Bank PLC from that date until the date of payment.

• Monies due, owing or payable by the Issuer to each Administrator or any other person in its capacity as an Administrator which have accrued in respect of the period prior to the termination of the relevant Administrator’s or such other person’s appointment as Administrator under the Administration Agreement or any other similar agreement or the Substitute Administrator Agreement shall continue to be due, owing or payable to it in that capacity notwithstanding such termination.

• If the amount to which HML is entitled pursuant to Clause 5 (Fees of Substitute Administrator during Standby Period) and Clause 6 (Expenses of Substitute Administrator during Standby Period) is not paid on the due date for payment, interest will be payable on such amounts at the rate of 2 per cent per annum above the base rate from time to time of National Westminster Bank PLC from that date until the date of payment.

• Any termination of this Agreement pursuant to Clause 10.1 shall not take effect until a successor to the Substitute Administrator Facilitator has been appointed by the Issuer on substantially the same terms as those set out in this Agreement.

• The relevant Administrator shall co-operate and consult with and assist the Substitute Administrator, the Trustee or their nominees for the purposes of explaining the file layouts and the format of the computer disks generally.

• The relevant Administrator shall co-operate and consult with and assist the Substitute Administrator, the Issuer, the Trustee or their nominees for the purposes of explaining the file layouts and the format of the computer disks generally.

More Definitions of Substitute Administrator

Substitute Administrator means Homeloan Management Limited, a company incorporated under the laws of England and Wales (registered number 2214839) whose registered office is at ▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇.

Substitute Administrator means HML, or any person or persons appointed in substitution to HML as substitute administrator in respect of all or part of the Services;

Substitute Administrator shall have the meaning specified in Section 10.01 ​ ​

Substitute Administrator means GHL Mortgage Services Limited (registered number 2478152) whose registered office is at ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇ ▇▇▇;

Substitute Administrator means Homeloan Management Limited, a company incorporated under the laws of England and Wales (registered number 2214839) whose registered office is at The Bailey, Skipton, North Yorkshire, BD23 1DN.

Substitute Administrator means GHL;