The Issuer Trustees the Administrators Sample Clauses

The Issuer Trustees the Administrators. Section 8.1. Certain Duties and Responsibilities............................................ 41 Section 8.2. Certain Notices................................................................ 43 Section 8.3. Certain Rights of Property Trustee............................................. 44 Section 8.4. Not Responsible for Recitals or Issuance of Securities......................... 46 Section 8.5. May Hold Securities............................................................ 46 Section 8.6. Compensation; Indemnity; Fees.................................................. 46
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The Issuer Trustees the Administrators. SECTION 8.1.
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The Issuer Trustees the Administrators. SECTION 8.1. Certain Duties and Responsibilities.................................... 36 SECTION 8.2. Certain Notices........................................................ 38 SECTION 8.3. Certain Rights of Property Trustee..................................... 38 SECTION 8.4. Not Responsible for Recitals or Issuance of Securities................. 40 SECTION 8.5. May Hold Securities.................................................... 40 SECTION 8.6. Compensation; Indemnity; Fees.......................................... 40 SECTION 8.7. Corporate Property Trustee Required; Eligibility of Trustees and Administrators........................ 41 SECTION 8.8. Conflicting Interests.................................................. 42 SECTION 8.9. Co-Trustees and Separate Trustee....................................... 42 SECTION 8.10. Resignation and Removal; Appointment of Successor...................... 43 SECTION 8.11. Acceptance of Appointment by Successor................................. 44 SECTION 8.12. Merger, Conversion, Consolidation or Succession to Business............................................ 45 SECTION 8.13. Preferential Collection of Claims Against Depositor or Issuer Trust................................. 45 SECTION 8.14. Trustee May File Proofs of Claim....................................... 45
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The Issuer Trustees the Administrators. SECTION 8.1. Certain Duties and Responsibilities.................................... [^] [32] === ==== SECTION 8.2.
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The Issuer Trustees the Administrators. 40 SECTION 8.1. Certain Duties and Responsibilities . . . . . . . . . . . 40 SECTION 8.2. Certain Notices . . . . . . . . . . . . . . . . . . . . . 42 SECTION 8.3. Certain Rights of Property Trustee. . . . . . . . . . . . 43 SECTION 8.4. Not Responsible for Recitals or Issuance of Securities. . 44 SECTION 8.5. May Hold Securities . . . . . . . . . . . . . . . . . . . 44 SECTION 8.6. Compensation; Indemnity; Fees . . . . . . . . . . . . . . 44 SECTION 8.7. Corporate Property Trustee Required; Eligibility of Trustees and Administrators . . . . . . . . . . . . . . . 46 SECTION 8.8. Conflicting Interests . . . . . . . . . . . . . . . . . . 46 SECTION 8.9. Co-Trustees and Separate Trustee. . . . . . . . . . . . . 46 SECTION 8.10. Resignation and Removal; Appointment of Successor . . . . 48 SECTION 8.11. Acceptance of Appointment by Successor. . . . . . . . . . 49 SECTION 8.12. Merger, Conversion, Consolidation or Succession to Business. . . . . . . . . . . . . . . . . . . . . . . . . 50 SECTION 8.13. Preferential Collection of Claims Against Depositor or Issuer Trust. . . . . . . . . . . . . . . . . . . . . . . 50 SECTION 8.14. Trustee May File Proofs of Claim. . . . . . . . . . . . . 50 SECTION 8.15. Reports by Property Trustee . . . . . . . . . . . . . . . 51 SECTION 8.16. Reports to the Property Trustee . . . . . . . . . . . . . 51 SECTION 8.17. Evidence of Compliance with Conditions Precedent. . . . . 52 SECTION 8.18.
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The Issuer Trustees the Administrators. Section 8.1. Certain Duties and Responsibilities 38 Section 8.2. Certain Notices 40 Section 8.3. Certain Rights of Property Trustee 41 Section 8.4. Not Responsible for Recitals 42 or Issuance of Securities Section 8.5. May Hold Securities 42 ii Section 8.6. Compensation; Indemnity; Fees 43 Section 8.7. Corporate Property Trustee Required; 44 Eligibility of Trustees and Administrators Section 8.8. Conflicting Interests 44 Section 8.9. Co-Trustees and Separate Trustee 45 Section 8.10. Resignation and Removal; Appointment 46 of Successor Section 8.11. Acceptance of Appointment by 47 Successor Section 8.12. Merger, Conversion, Consolidation or 47 Succession to Business Section 8.13. Preferential Collection of Claims 48 Against Depositor or Issuer Trust Section 8.14. Trustee May File Proofs of Claim 48 Section 8.15. Reports by Property Trustee 49 Section 8.16. Reports to the Property Trustee 49 Section 8.17. Evidence of Compliance with Conditions 49 Precedent Section 8.18. Number of Issuer Trustees 50 Section 8.19. Delegation of Power 50 Section 8.20. Appointment of Administrators 50
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The Issuer Trustees the Administrators. 27 SECTION 8.1. Certain Duties and Responsibilities. . 27 SECTION 8.2.
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The Issuer Trustees the Administrators 
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Related to The Issuer Trustees the Administrators

  • The Administrator The Administrator shall furnish at its own expense the executive, supervisory and clerical personnel necessary to perform its obligations under this Agreement. The Administrator shall also provide the items which it is obligated to provide under this Agreement, and shall pay all compensation, if any, of officers of the Trust as well as all Trustees of the Trust who are affiliated persons of the Administrator or any affiliated corporation of the Administrator; provided, however, that unless otherwise specifically provided, the Administrator shall not be obligated to pay the compensation of any employee of the Trust retained by the Trustees of the Trust to perform services on behalf of the Trust.

  • Compensation of the Administrator For the services to be rendered by the Administrator as provided in Section 2 of this Agreement, the Portfolio shall pay to the Administrator, at the end of each month, a fee equal to one-twelfth of 0.15 percent of the net assets of the Portfolio. If this Agreement is terminated prior to the end of any month, the fee for such month shall be prorated.

  • Retention of the Administrator The Trust hereby retains the Administrator to act as the administrator of the Portfolios and to furnish the Portfolios with the management and administrative services as set forth in Article 2 below. The Administrator hereby accepts such employment to perform the duties set forth below. The Administrator shall, for all purposes herein, be deemed to be an independent contractor and, unless otherwise expressly provided or authorized, shall have no authority to act for or represent the Trust in any way and shall not be deemed an agent of the Trust.

  • 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.

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

  • The Owner Trustee’s Compensation The Depositor shall cause the Servicer to agree to pay to the Owner Trustee pursuant to Section 3.11 of the Servicing Agreement from time to time compensation for all services rendered by the Owner Trustee under this Agreement pursuant to a fee letter between the Servicer and the Owner Trustee (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust). The Servicer, pursuant to Section 3.11 of the Servicing Agreement and the fee letter between the Servicer and the Owner Trustee, shall reimburse the Owner Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Owner Trustee in accordance with any provision of this Agreement (including the reasonable compensation, expenses and disbursements of such agents, experts and counsel as the Owner Trustee may employ in connection with the exercise and performance of its rights and its duties hereunder), except any such expense as may be attributable to its willful misconduct, gross negligence (other than an error in judgment) or bad faith. To the extent not paid by the Servicer, such fees and reasonable expenses shall be paid by the Issuer in accordance with Sections 8.5 or 5.4(b) of the Indenture, as applicable.

  • Trustee’s and Securities Administrator’s Fees and Expenses The Trustee (including in its capacity as Custodian hereunder) and the Securities Administrator shall each be compensated by the Master Servicer for its services hereunder from a portion of the Master Servicing Fee. In addition, the Trustee and the Securities Administrator will be entitled to recover from the Distribution Account pursuant to Section 4.03(a) all reasonable out-of-pocket expenses, disbursements and advances, including without limitation, in connection with any filing that the Trustee is required to make under Section 3.20 hereof, any Event of Default, any breach of this Agreement or any claim or legal action (including any pending or threatened claim or legal action) incurred or made by the Trustee or the Securities Administrator, respectively, in the performance of its duties or the administration of the trusts hereunder (including, but not limited to, the performance of its duties under Section 2.03 hereof) (including the reasonable compensation, expenses and disbursements of its counsel) except any such expense, disbursement or advance as may arise from its negligence or intentional misconduct or which is specifically designated herein as the responsibility of the Depositor, the Seller, the Master Servicer or the Certificateholders hereunder. If funds in the Distribution Account are insufficient therefor, the Trustee and the Securities Administrator shall recover such expenses from future collections on the Mortgage Loans or as otherwise agreed by the Certificateholders. Such compensation and reimbursement obligation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust.

  • Owner Trustee’s Fees and Expenses The Owner Trustee shall receive as compensation for its services hereunder such fees as have been separately agreed upon before the date hereof between the Depositor and the Owner Trustee, and the Owner Trustee shall be entitled to be reimbursed by the Depositor for its other reasonable expenses hereunder, including the reasonable compensation, expenses and disbursements of such agents, representatives, experts and counsel as the Owner Trustee may employ in connection with the exercise and performance of its rights and its duties hereunder.

  • Separate Trustees and Co-Trustees The Trustee shall have the power from time to time to appoint one or more persons or corporations to act either as co-trustees jointly with the Trustee, or as separate trustees, for the purpose of holding title to, foreclosing or otherwise taking action with respect to any Mortgage Loan outside the state where the Trustee has its principal place of business, where such separate trustee or co-trustee is necessary or advisable (or the Trustee is advised by the Master Servicer that such separate trustee or co-trustee is necessary or advisable) under the laws of any state in which a Mortgaged Property is located or for the purpose of otherwise conforming to any legal requirement, restriction or condition in any state in which a Mortgaged Property is located or in any state in which any portion of the Trust Estate is located. The Master Servicer shall advise the Trustee when, in its good faith opinion, a separate trustee or co-trustee is necessary or advisable as aforesaid. The separate trustees or co-trustees so appointed shall be trustees for the benefit of all of the Certificateholders and shall have such powers, rights and remedies as shall be specified in the instrument of appointment; provided, however, that no such appointment shall, or shall be deemed to, constitute the appointee an agent of the Trustee. The Seller and the Master Servicer shall join in any such appointment, but such joining shall not be necessary for the effectiveness of such appointment. Every separate trustee and co-trustee shall, to the extent permitted by law, be appointed and act subject to the following provisions and conditions:

  • Independence of the Administrator For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.

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