Administrator Termination Event definition

Administrator Termination Event means any of the events specified in Clause 19 (Termination) of the Administration Agreement;
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Administrator Termination Event has the meaning set forth in Section 8(c) of the Administration Agreement.
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Administrator Termination Event. As defined in Section 7.1.
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Examples of Administrator Termination Event in a sentence

  • No such waiver shall extend to any subsequent or other Administrator Termination Event or impair any right consequent thereon.

  • Upon any such waiver of a past Administrator Termination Event, such Administrator Termination Event shall cease to exist, and any Administrator Termination Event arising therefrom shall be deemed to have been remedied for every purpose of this Agreement.

  • In the absence of receipt of such notice or actual knowledge, the Indenture Trustee may conclusively assume that there is no such default, Default, Event of Default, Facility Administrator Termination Event, Servicer Termination Event, Manager Termination [***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.

  • Upon the occurrence of a Collateral Administrator Termination Event, notwithstanding anything herein to the contrary, the Administrative Agent, by written notice to the Collateral Administrator and a copy to the Collateral Custodian (such notice, a “Collateral Administrator Termination Notice”), may, in its sole discretion, terminate all of the rights and obligations of the Collateral Administrator as Collateral Administrator under this Agreement.

  • No such waiver shall extend to any subsequent or other Administrator Termination Event or event which but for lack of notice or passage of time or both would constitute an Administrator Termination Event or impair any right consequent thereon except to the extent expressly so waived.

  • After the occurrence of (i) an Administrator Termination Event that has not been waived, or (ii) an Event of Default, only the Indenture Trustee or such other Person as the Indenture Trustee may designate shall be authorized to make any transfers or withdrawals from the Master Rental Account, the Master Vehicle Account, the VAT Account and any Series Account.

  • A Portfolio Administrator Termination Event shall have occurred and be continuing, but only if the Portfolio Administrator has not been replaced by a Successor Portfolio Administrator in accordance with the terms and conditions of the Portfolio Administration Agreement or if such Portfolio Administrator Termination Event causes a Material Adverse Effect.

  • If the Depositor shall not have joined in such appointment within 15 days after the receipt by it of a request so to do, or in case an Administrator Termination Event shall have occurred and be continuing, the Trustee alone shall have the power to make such appointment.

  • The Borrower shall timely enforce its rights and obligations under the Portfolio Administration Agreement, including, without limitation, upon the Administrative Agent’s instruction after the occurrence of a Portfolio Administrator Termination Event, terminating the Portfolio Administrator in accordance with the terms thereof.

  • The Administrator shall be authorized to make deposits to and, prior to the occurrence of an Administrator Termination Event that has not been waived, to make transfers and withdrawals from, each of the Master Rental Account, the Master Vehicle Account, the VAT Account and each Series Account, in each case solely in accordance with the Transaction Documents.


More Definitions of Administrator Termination Event

Administrator Termination Event wherever used herein with respect to any Series of
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Administrator Termination Event has the meaning given to it in Section 5.2.
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Administrator Termination Event means any of the events specified in Clause 19 (TERMINATION) of the Administration Agreement;
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Related to Administrator Termination Event

  • Servicer Termination Event shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.

  • Special Servicer Termination Event shall have the meaning given to such term in the Lead Securitization Servicing Agreement.

  • Servicer Termination Events (or any analogous term under the Lead Securitization Servicing Agreement) include customary market termination events with respect to failure to make advances, failure to timely remit payments to the Non-Lead Note Holders as required hereunder or under the Lead Securitization Servicing Agreement (subject to no more than one business day grace period), failure to timely deposit amounts into any REO Account or to remit to a Servicer for deposit into a related collection or custodial account, failure to deliver (or cause to be delivered) materials or information required in order for each Non-Lead Note Holder or each Non-Lead Depositor to timely comply with its obligations under the Exchange Act, the Securities Act and Form SF-3, and for rating agency downgrades or other triggers with respect to any certificates issued in connection with a Non-Lead Securitization, subject to customary grace periods (provided that, in the case of failures related to the securities laws, such grace periods will not cause a Non-Lead Depositor to fail to comply with the applicable provisions of such securities laws). Upon the occurrence of such a Servicer Termination Event with respect to the Master Servicer affecting a Non-Lead Securitization Note Holder and the Master Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Master Servicer shall be required, upon the direction of such Non-Lead Securitization Note Holder, to appoint a subservicer with respect to such Non-Lead Securitization Note. Upon the occurrence of a Servicer Termination Event with respect to the Special Servicer affecting a Non-Lead Securitization Note Holder and the Special Servicer is not otherwise terminated pursuant to the Lead Securitization Servicing Agreement, the Trustee shall, upon direction of such Non-Lead Securitization Note Holder, terminate the Special Servicer with respect to, but only with respect to, the Mortgage Loan;

  • Operating Advisor Termination Event As defined in Section 7.06(a) of this Agreement.

  • Additional Termination Event has the meaning specified in Section 5(b).