AIGRM definition
Examples of AIGRM in a sentence
As compensation for these responsibilities, AIGRM, as the agent of the Beneficiary, shall receive an administrative services fee to be paid by the Grantor of 12.5 basis points per annum (payable quarterly in arrears commencing on the date of the execution and delivery of this Escrow Agreement) of the Required Reserve, such Required Reserve to be determined as of the effective date of this Indemnity Agreement Escrow Agreement and at annual intervals thereafter.
The parties hereto agree that, in accordance with this section, AIGRM, as the agent of the Beneficiary, shall have administrative oversight responsibilities with respect to the Escrow Assets.