Supervisory Servicer definition

Supervisory Servicer means Xxx Xxxxxx Investment Advisory Corp. and its successors in interest, or any successor portfolio supervisor appointed as hereinafter provided.

Supervisory Servicer means Xxx Xxxxxx Investment Advisory Corp. and its successors in interest, or any successor portfolio supervisor as hereinafter provided. 10. Notwithstanding anything to the contrary in the Standard Terms and Conditions of Trust and subject to the requirements set forth in this paragraph, unless the Prospectus otherwise requires, the Sponsor may, on any Business Day (the "Trade Date"), subscribe for additional Units as follows: (a) Prior to the Evaluation Time on such Business Day, the Sponsor shall provide notice (the "Subscription Notice") to the Trustee, by telephone or by written communication, of the Sponsor's intention to subscribe for additional Units. The Subscription Notice shall identify the additional Securities to be acquired (unless such additional Securities are a precise replication of the then existing portfolio) and shall either (i) specify the quantity of additional Securities to be deposited by the Sponsor on the settlement date for such subscription or (ii) instruct the Trustee to purchase additional Securities with an aggregate value as specified in the Subscription Notice. (b) Promptly following the Evaluation Time on such Business Day, the Sponsor shall verify with the Trustee the number of additional Units to be created. (c) Not later than the time on the settlement date for such subscription when the Trustee is to deliver or assign the additional Units created hereby, the Sponsor shall deposit with the Trustee (i) any additional Securities specified in the Subscription Notice (or contracts to purchase such additional Securities together with cash or a letter of credit in the amount necessary to settle such contracts) or (ii) cash or a letter of credit in an amount equal to the aggregate value of the additional Securities specified in the Subscription Notice, and adding and subtracting the amounts specified in the first and second sentences of Section 5.01, computed as of the Evaluation Time on the Business Day preceding the Trade Date divided by the number of Units outstanding as of the Evaluation Time on the Business Day preceding the Trade Date, times the number of additional Units to be created. (d) On the settlement date for such subscription, the Trustee shall, in exchange for the Securities and cash or letter of credit described above, deliver to, or assign in the name of or on the order of, the Sponsor the number of Units verified by the Sponsor with the Trustee.

Supervisory Servicer means Van Kampen American Capital Investment Advisory Coxx. xxx xxs successors in interest, or any successor portfolio supervisor appointed as hereinafter provided."

Examples of Supervisory Servicer in a sentence

• All accounting and loan servicing records pertaining to each Loan shall be maintained in such manner as will permit the Trustee, the Noteholders and the Supervisory Servicer or their duly authorized representatives and designees to examine and audit and make legible reproductions of records during reasonable business hours.

• The Trustee may be removed at any time, by the Issuer, provided no Event of Default then exists and is continuing, by an instrument or concurrent instruments in writing delivered to the Trustee, the Supervisory Servicer, the Rating Agency, and the Noteholders.

• The Trustee shall provide notice in writing of such Event of Default to the Noteholders, the Servicer and the Supervisory Servicer.

• Notwithstanding any other provision of this Agreement, neither Trustee nor the Supervisory Servicer shall have any obligation to consent to any amendment or modification of this Agreement unless it has been provided reasonable security or indemnity against its out-of-pocket expenses (including reasonable attorneys' fees) to be incurred in connection therewith by the person requesting the amendment.

• All covenants and agreements made by the Issuer, the Servicers, the Supervisory Servicer and the Trustee herein are for the benefit of the Holders from time to time of the Notes, the Trustee and the Supervisory Servicer.

More Definitions of Supervisory Servicer

Supervisory Servicer means Josephthal & Co., Inc. and its successors in interest, or any successor portfolio supervisor appointed as hereinafter provided.

Supervisory Servicer means Wheat First Union, a division of First Union Capital Markets Corp. and its successors in interest, or any successor portfolio supervisor appointed as hereinafter provided.

Supervisory Servicer means Principal Financial Securities, Inc. and its successors in interest, or any successor portfolio supervisor appointed as hereinafter provided." Section 3.01 of the Standard Terms and Conditions of Trust shall be replaced in its entirety with the following: "

Supervisory Servicer means Edward Jones & Company and its successors in interest, or any xxxxxxxxx xortfolio supervisor as hereinafter provided.

Supervisory Servicer means Global Assets Advisors, Inc. and its successors in interest, or any successor portfolio supervisor appointed as hereinafter provided."

Supervisory Servicer means Wheat First Butcher Singer and its successors in interest, or any successor portfolio supervisor appointed as hereinafter provided." Section 3.01 of the Standard Terms and Conditions of Trust shall be replaced in its entirety with the following: "

Supervisory Servicer means First Albany Corp. and its successors in interest, or any successors in interest, or any successor portfolio supervisor appointed as provided in the Standard Terms and Conditions of Trust.