Examples of Substitute Administrator Agreement in a sentence
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.
Upon the termination of the appointment of the Administrator and, in the absence of appointment of any other substitute administrator, the Substitute Administrator will act as administrator, pursuant to the terms of the Substitute Administrator Agreement but will have no liability under the Uk Mortgage Sale Agreement or the Luxembourg Mortgage Sale Agreement.
Most contamination that can be attributed to Site 2 is found within the site or adjacent to the site, in the drainage channel.
The failure of the Substitute Administrator to perform its obligations under the Substitute Administrator Agreement and/or assume performance of the administration services following the occurrence of an Administrator Termination Event could result in the failure or delay in collection of payments on the relevant Mortgages and/or calculation of the payments to be made by the Issuer on the relevant Interest Payment Date that could ultimately adversely affect payments of interest and principal on the Notes.
Upon the termination of the appointment of the Administrator and, in the absence of appointment of any other substitute administrator, the Substitute Administrator will act as Administrator, pursuant to the terms of the Substitute Administrator Agreement but will have no liability under the Mortgage Sale Agreement.
The Class C Noteholders will be entitled to the benefit of, will be bound by, and will be deemed to have notice of, all the provisions of the Trust Deed and the Deed of Charge and will be deemed to have notice of all the provisions of the Administration Agreement, the Substitute Administrator Agreement (as defined in the Administration Agreement), the Mortgage Sale Agreement and the Agency Agreement.
The substitute administrator agreement made between, among others, the Company, the Trustee, Homeloan Management Limited ("HML") and PML (the "Substitute Administrator Agreement") and dated on or around 20 September 2013.
The Class B Noteholders will be entitled to the benefit of, will be bound by, and will be deemed to have notice of, all the provisions of the Trust Deed and the Deed of Charge and will be deemed to have notice of all the provisions of the Administration Agreement, the Substitute Administrator Agreement (as defined in the Administration Agreement), the Mortgage Sale Agreement and the Agency Agreement.
Upon termination of the appointment of the relevant Administrator pursuant to Clause 20.1, 20.2 or 20.3, the Issuer shall notify the Substitute Administrator in writing of the occurrence of such termination and request the Substitute Administrator to assume the duties and obligations of the relevant Administrator on the terms set out in the Substitute Administrator Agreement immediately upon receipt of such notice of termination.
Upon termination of the relevant Administrator pursuant to Clause 20.1, 20.2 or 20.3, the Issuer shall notify the Substitute Administrator in writing of the occurrence of such termination and request the Substitute Administrator to assume the duties and obligations of the relevant Administrator on the terms set out in the Substitute Administrator Agreement immediately upon receipt of such notice of termination.