Administration Agreement definition
Examples of Administration Agreement in a sentence
Such loan administration services shall be provided by BNY pursuant to that certain Fund Accounting and Administration Agreement dated December 15, 2025.
The sale and purchase of the Receivables shall take place at a closing at the offices of G▇▇▇▇▇▇▇▇ T▇▇▇▇▇▇, LLP, 7▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, Suite 3100, Chicago, Illinois 60601 (or at such other location agreeable to the parties hereto) on the Closing Date, simultaneously with the closings under: (a) the Sale and Servicing Agreement, (b) the Trust Agreement, (c) the Administration Agreement and (d) the Indenture.
No such resignation shall become effective until the Indenture Trustee or another successor Servicer shall have (i) assumed the obligations and duties of the Servicer in accordance with Section 8.2 and (ii) become the Administrator under the Administration Agreement pursuant to Section 20 thereof.
It is the intention of the parties hereto that except as expressly stated herein, the affairs of the Grantor Trust shall be managed by the Administrator pursuant to the Administration Agreement.
In the event of the resignation or removal of the Administrator and the failure of a successor Administrator to have been appointed and to have accepted such appointment as successor Administrator, the Servicer shall become the successor Administrator (except as set forth in Section 8(e) of the Administration Agreement) and shall be bound by the terms of the Administration Agreement.