Designated Sub-Agent definition

Designated Sub-Agent has the meaning specified in the Back-Up Servicing Agreement.
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Examples of Designated Sub-Agent in a sentence

  • In the event the Back-up Servicer (or any Designated Sub-Agent) is appointed successor Servicer hereunder, it shall have no obligation or responsibility associated with Permitted Investments, which shall remain the sole responsibility of the Borrower.

  • The Back-up Servicer may delegate its duties and obligations hereunder to any Sub-Servicer or Designated Sub-Agent in accordance with and subject to the terms of the Back-up Servicing Agreement.

Related to Designated Sub-Agent

  • Sub-Agent means Citibank International plc.

  • AFFILIATED SUBCUSTODIAN means a Subcustodian that is an Affiliate.

  • Designated Subsidiaries means the Subsidiaries which have been designated by the Board from time to time in its sole discretion as eligible to participate in the Plan.

  • Designated Subsidiary means any Subsidiary which has been designated by the Board from time to time in its sole discretion as eligible to participate in the Plan.

  • Nominated sub Contractor means all specialists, merchants, tradesmen and others executing any special work or supplying any materials for which provisional or prime cost sums are included in the contract, who may have been or be nominated or selected or approved by the Employer / Employer’s Engineer and shall be deemed to be employed by the contractor.