Rights of the Program Administrator Sample Clauses

Rights of the Program Administrator. Each Sponsor Entity hereby agrees that the Program Administrator is hereby authorized to (i) upon the occurrence of any Event of Termination (or event which with the passage of time or notice, or both, would constitute an Event of Termination) which relates to the Parent, the Distributor, the Advisor or any other Sponsor Entity, or (ii) at any time that the Program Administrator in its reasonable discretion believes that the event contemplated in clauses (e), (f) or (h) of the definition of Event of Termination could occur in respect of the Parent, the Distributor, the Advisor or any other Sponsor Entity, deliver an Allocation Notice to the Collection Agent.
Sample 1
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Rights of the Program Administrator. Each Sponsor Entity hereby agrees that the Program Administrator is hereby authorized upon the occurrence of any Event of Termination (or event which with the passage of time or notice, or both, would constitute an Event of Termination) which relates to the Parent, the Distributor, the Program Servicer Agent, the Advisor or any other Sponsor Entity, to deliver an Allocation Notice to the Collection Agent.
Sample 1
Rights of the Program Administrator. Each Federated ----------------------------------- Entity hereby agrees that the Program Administrator is hereby authorized to (i) upon the occurrence of any Event of Termination (or event which with the passage of time or notice, or both, would constitute an Event of Termination) which relates to the Seller, the Shareholder Servicer, the Parent, the Distributor, or any other Federated Entity, or (ii) at any time that the Program Administrator in its sole discretion believes that the event contemplated in Section 6.01(e), (f) or (h) could occur in respect of the Seller, the Shareholder Servicer, the Parent, the Distributor or any other Federated Entity, deliver an Allocation Notice to the Funding and Collection Agent.
Sample 1

Related to Rights of the Program Administrator

  • Activities of the Administrator The services of the Administrator to the Company are not to be deemed to be exclusive, and the Administrator and each affiliate is free to render services to others. It is understood that directors, officers, employees and stockholders of the Company are or may become interested in the Administrator and its affiliates, as directors, officers, members, managers, employees, partners, stockholders or otherwise, and that the Administrator and directors, officers, members, managers, employees, partners and stockholders of the Administrator and its affiliates are or may become similarly interested in the Company as stockholders or otherwise.

  • Administrator The Trustees may in their discretion from time to time enter into one or more contracts whereby the other party or parties shall undertake to furnish the Trust with administrative services. The contract or contracts shall be on such terms and conditions as the Trustees may in their discretion determine.

  • Administrative Duties of the Custodian The Custodian shall perform the following administrative duties with respect to Investments of the Fund.

  • Administrator Duties The Administrator has a duty to perform or observe all tasks to be performed or observed by the Administrator contained in this Agreement or otherwise.

  • Named Fiduciary The Company shall be the named fiduciary and plan administrator under this Agreement. It may delegate to others certain aspects of the management and operational responsibilities including the employment of advisors and the delegation of ministerial duties to qualified individuals.

  • Plan Administrator Duties The Plan Administrator shall administer this Agreement according to its express terms and shall also have the discretion and authority to (i) make, amend, interpret and enforce all appropriate rules and regulations for the administration of this Agreement and (ii) decide or resolve any and all questions, including interpretations of this Agreement, as may arise in connection with this Agreement to the extent the exercise of such discretion and authority does not conflict with Code Section 409A.

  • Duties of the Administrator (a) Duties with respect to the Note Depository Agreement and the Indenture.

  • Named Fiduciary and Plan Administrator The “Named Fiduciary and Plan Administrator” of this Director Plan shall be Heritage Bank of Commerce until its resignation or removal by the Board. As Named Fiduciary and Plan Administrator, the Bank shall be responsible for the management, control and administration of the Director Plan. The Named Fiduciary may delegate to others certain aspects of the management and operation responsibilities of the Director Plan including the employment of advisors and the delegation of ministerial duties to qualified individuals.

  • Other Activities of the Administrator Nothing herein shall prevent the Administrator or its Affiliates from engaging in other businesses or, in its sole discretion, from acting in a similar capacity as an Administrator for any other Person even though such Person may engage in business activities similar to those of the Issuer, the Owner Trustee or the Indenture Trustee.

  • Plan Administrator Employees must elect a plan administrator during their initial enrollment in Advantage and may change their plan administrator election only during the annual open enrollment and when permitted under Section 5. Dependents must be enrolled through the same plan administrator as the employee.

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