Non-Ministerial Matters. (a) With respect to matters that in the reasonable judgment of the Administrator are non-ministerial, the Administrator shall not take any action unless the Administrator shall have notified the Note Issuer of the proposed action and the Note Issuer shall have consented. For the purpose of the preceding sentence, "non-ministerial matters" shall include, without limitation:
Appears in 5 contracts
Samples: Administration Agreement (Wmeco Funding LLC), Administration Agreement (Bec Funding LLC), Administration Agreement (Cl&p Funding LLC)
Non-Ministerial Matters. (a) With respect to matters that in the reasonable judgment of the Administrator are non-ministerial, the Administrator shall not take any action unless the Administrator shall have notified the Note Bond Issuer of the proposed action and the Note Bond Issuer shall have consented. For the purpose of the preceding sentence, "“non-ministerial matters" ” shall include, without limitation:
Appears in 4 contracts
Samples: Administration Agreement (FirstEnergy Ohio PIRB Special Purpose Trust 2013), Administration Agreement (FirstEnergy Ohio PIRB Special Purpose Trust 2013), Administration Agreement (FirstEnergy Ohio PIRB Special Purpose Trust 2013)
Non-Ministerial Matters. (a) With respect to matters that in the reasonable judgment of the Administrator are non-ministerial, the Administrator shall not take any action unless the Administrator shall have notified the Note Issuer of the proposed action and the Note Issuer shall have consented. For the purpose of the preceding sentence, "“non-ministerial matters" ” shall include, without limitation:
Appears in 4 contracts
Samples: Administration Agreement (CEC Funding, LLC), Administration Agreement (BEC Funding II, LLC), Administration Agreement (CEC Funding, LLC)
Non-Ministerial Matters. (ai) With respect to matters that in the reasonable judgment of the Administrator are non-ministerial, the Administrator shall not be under any obligation to take any action action, and in any event shall not take any action, unless the Administrator shall have notified received instructions from the Note Issuer of Delaware Trustee or the proposed action and the Note Issuer shall have consentedDepositor. For the purpose of the preceding sentence, "“non-ministerial matters" ” shall include, without limitationmean:
Appears in 3 contracts
Samples: Administration Agreement (Goal Capital Funding, LLC), Administration Agreement (Nelnet Student Loan Trust 2009-2), Administration Agreement (Gmac Elf LLC)
Non-Ministerial Matters. (a) Error! Bookmark not defined. With respect to matters that in the reasonable judgment of the Administrator are non-ministerial, the Administrator shall not take any action unless the Administrator shall have notified the Note Issuer of the proposed action and the Note Issuer shall have consented. For the purpose of the preceding sentence, "non-ministerial matters" shall include, without limitation:
Appears in 1 contract
