Examples of Administrator Default in a sentence
Pursuant to Clause 3.a.3 (Compliance with Laws) in relation to Clause 1(a) Administrator Default (k) of the IPPA AA, PSALM declared FMPC in default due to its baseless and unilateral rescission of the IPPA AA.
Employees shall be entitled to reimbursement for out-of-District travel in the event they are required to travel out of the District on District business.
The payment in full of all outstanding amounts due together with the applicable late payment interest under Section 2.2.8 of the FIT-All Guidelines for any delay in payment of the Actual FIT Revenue shall cure any Administrator Default.
Upon any such waiver of a past default, such default shall cease to exist, and any Master Servicer Default or Administrator Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement and the Administration Agreement.
After fourteen (14) days since the final demand letter to SPPC was served, a nine- day grace period was further given to SPPC; however, despite the additional nine- day grace period which expired on 02 September 2015, SPPC failed to settle its unpaid generation payment bills covering Period B, prompting PSALM to declare SPPC in Administrator Default and entitling PSALM to terminate the IPP AA as per Clauses 1.1 (f) “Definitions”, and 19.1 “Administrator Default Termination” of the said Agreement.