Examples of Portfolio Administration Agreement in a sentence
Neither the Issuer, the trustee, the paying agent(s) nor any other agent of the Issuer will be obliged to pay any additional amounts to the Certificateholders as a result of any such tax deduction.Governing law The Certificates, the trust deed, the Portfolio Administration Agreement, the Agency Agreement and the Global Custody Agreement will be governed by Irish law.
The Issuer, the Trustee and Aztlan Equity Management LLC entered into an Irish law governed portfolio administration agreement on or about 7 December 2021 (as amended, supplemented, novated and/or replaced from time to time, the " Aztlan Portfolio Administration Agreement").
If an Adjustment Event has occurred, the Issuer will, as soon as reasonably practicable, determine in good faith and in a commercially reasonable manner whether in its opinion it is appropriate to make one or more adjustments to the terms of the Conditions of the ETP Securities to account for the economic effect on the Margin Account Agreement, the Portfolio Administration Agreement and the ETP Securities of the relevant Adjustment Event.
If an Adjustment Event has occurred, the Issuer will, as soon as reasonably practicable, determine in good faith and in a commercially reasonable manner whether in its opinion it is appropriate to make one or more adjustments to the terms of the Conditions of the ETP Securities to account for the economic effect on the LS Margin Account Agreement, the Portfolio Administration Agreement and the ETP Securities of the relevant Adjustment Event.
Governing law4 The Certificates, the Trust Deed, the Registrar Agreement, the Portfolio Administration Agreement, the Agency Agreement and the Global Custody Agreement will be governed by Irish law.
Moreover, pursuant to the Portfolio Administration Agreement, if the aggregate Outstanding Principal Balance of the Non-Eligible Underlying Assets exceeds 5% of the Outstanding Principal Balance of the MBS Assets issued under any relevant MBS Transaction, the Outstanding Principal Balance of such MBS Notes shall be reduced for an amount equal to the aggregate Outstanding Principal Balance of such Non-Eligible Underlying Assets in excess of the above mentioned percentage.
The Certificates, the Trust Deed, the Registrar Agreement, the Portfolio Administration Agreement, the Agency Agreement and the Global Custody Agreement will be governed by Irish law.
Governing law4 4 By virtue of the Supplement dated 25 November 2019, this section was updated to reflect that, in addition to the Trust Deed and Registrar Agreement, the Portfolio Administration Agreement, the Agency Agreement and the Global Custody Agreement are also governed by Irish law.
During the period ended 1 August 2018 to 30 October 2018, Sanne company secretarial, administration, accountancy and portfolio administration services were incurred and billed on a time cost basis in accordance with Sanne’s standard fee scales, subject to an annual cap of GBP 220,000 with respect to the activities and responsibilities as set out in the Administration, Secretarial and Portfolio Administration Agreement.
In addition, Sanne administration fees totalling €50,536 were incurred with respect to matters outside the scope of the Administration, Secretarial and Portfolio Administration Agreement during the period 1 August 2018 to 31 October 2018.