Administration, etc Sample Clauses

Administration, etc. Each Employee Benefit Plan has been and is administered in accordance with its terms and applicable law. To its knowledge, Borrower has not breached any fiduciary duty imposed on it under ERISA with respect to any Employee Benefit Plan, or engaged in any prohibited transaction, as defined in Title I of ERISA or Section 4975 of the Code, involving any Employee Benefit Plan for which no exemption is available.
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Administration, etc relating to the 50 per cent rule
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Administration, etc. Each Employee Benefit Plan has been and is administered in accordance with its terms and applicable law. To its knowledge, the Borrower has not breached any fiduciary duty imposed on it under ERISA with respect to any Employee Benefit Plan, or engaged in any prohibited transaction, as defined in Title I of ERISA or Section 4975 of the Code, involving any Employee Benefit Plan for which no exemption is available. (iv) Welfare Plans. No Employee Benefit Plan which is an employee welfare benefit plan, as defined in Section 3(1) of ERISA, if any, provides for continuing benefits or coverage for any participant (or beneficiary) after the termination of the participant's employment except as may be required under Section 4980B of the Code or applicable state statutory law, and except that medical insurance is provided in certain instances. (v)
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Administration, etc. In relation to the Seller: a) no administrator has been appointed; b) no documents have been filed with the court, and no application has been made to the court, for the appointment of an administrator; and c) no notice of an intention to appoint an administrator has been given by the Seller, its directors or by a qualifying floating charge holder (as defined in paragraph 14 of Schedule B1 to the Insolvency Act 1986). d) no petition has been presented or order made for the winding up of the Seller, no resolution has been passed or proposed for the winding up of the Seller and no other process has been initiated which could lead to the Seller being wound up or its assets being distributed among its creditors, shareholders or other contributors or the Seller being dissolved. e) no distress, execution or other process has been commenced, levied or enforced on, and no creditor or encumbrancer has taken control or possession of, any goods or assets of the Seller. Section 5.17
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Administration, etc 
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Related to Administration, etc

  • Committee Administration This option has been granted pursuant to a determination made by the Committee, and such Committee or any successor or substitute committee authorized by the Board of Directors or the Board of Directors itself, subject to the express terms of this option, shall have plenary authority to interpret any provision of this option and to make any determinations necessary or advisable for the administration of this option and the exercise of the rights herein granted, and may waive or amend any provisions hereof in any manner not adversely affecting the rights granted to Optionee by the express terms hereof.

  • Administration of the Trust Section 3.01

  • Administration of Trust The Trustee shall administer the trust of the Indenture and shall perform a substantial part of its obligations relating to each series of Debt Securities and this Indenture at its corporate trust office in the City of New York.

  • Administration and Collection SECTION 6.01.

  • Administration of Accounts You agree that You shall be solely responsible for management of Your Administrator account(s) and all Your Managed Apple IDs, including but not limited to: (i) the security and safeguarding of the user name and password associated with each account; (ii) the provision and/or removal of access by any of Your personnel or End Users to such account and any Content provided and/or stored in the Service; and (iii) the provision of appropriate documentation and guidelines to End Users about using the Managed Apple ID accounts.

  • Administration and Servicing OF MORTGAGE LOANS

  • Administration of the Trust Fund Section 4.01

  • Administration Fees We will inform You separately of any administration fees that may apply to Your policy. In the event of policy cancellation, any cancellation fee may be deducted from any refund of premium due to You. Subject to Your policy terms and conditions, no refund will be issued in the event of a policy cancellation if a valid claim has been made (or is intended to be made) or a circumstance has been notified under that policy. We reserve the right to deduct any unpaid premium from any claim settlement. Other income In addition to commission, fees and administration fees, We may receive other income from insurers or third parties, including but not limited to additional payments from insurers based upon pre-agreed criteria. For arranging premium instalment facilities, We earn a variable amount of commission from Our premium finance provider which is usually a percentage of the interest that You pay. This means that the amount You pay for credit and the overall cost of arranging Your insurance will vary according to the interest charged by the lender and the amount of commission We earn. There may be occasions where there is a choice of instalment payment options which may charge different interest rates. Typically, if Your policy is paid via a direct debit instalment arrangement directly with the insurer, We will not receive any additional payments outside of the commission/fees earned for arranging Your policy. Using premium finance rather than paying the premium in one amount makes the overall cost of the insurance more expensive. A full breakdown of the cost of Your insurance and the cost of credit will be provided as part of Your new business or renewal quotation before You decide whether to proceed. Please be assured that the way in which We are remunerated will not at any time conflict with Our responsibilities to meet Your needs and treat You fairly. Services on behalf of insurers We have agreements in place with certain insurers that We will undertake certain activities on their behalf which may include producing policy documentation, compilation of risk data, risk identification surveys, and claims management. In return for these services certain insurers will make a payment to Us. These payments are separate, and in addition to, any commissions, or fees and administration fees that You pay Us. Our commitment to transparency You are entitled at any time to request information regarding any commission or other income which We may have received as a result of placing Your insurance business or arranging Your premium finance. We will provide full details in writing where such request is made within seven (7) working days.

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