FBNA definition
Examples of FBNA in a sentence
The Lender, in its sole and absolute discretion and subject to the terms hereof, may make a Loan to the Borrower in an amount equal to the amount of any overdraft which may from time to time exist with respect to the Disbursement Account or any other bank account which the Borrower may now or hereafter have with FBNA or any other Affiliate.
FBNA and SEI desire to enter into this Agreement to set forth the terms and conditions relating to certain matters, including term of the Administration Agreements relating to SEI's services as administrator to such portfolios of the Funds ("Portfolios").
FBNA acknowledges and agrees that these payments must be disclosed to the Boards of Directors of the Funds in connection with the annual reapproval of the advisory agreements between the Funds and FBNA (or any affiliated successor advisor).
Commencing January 1, 1998, SEI will appoint FBNA (or its designee) as sub- administrator for the Funds, pursuant to a Sub-Administration Agreement in the form attached hereto as Exhibit D, and the payments described in the table above will be paid as sub- administration fee.
In the event, and only in the event, that the Administration Agreements are terminated by the Funds by exercise of their right to terminate for any reason on six months prior written notice (as described in Section 1(c)(i) above), FBNA shall pay to SEI within 30 business days a one-time lump sum payment.
No modification to any provision of this Agreement shall be binding unless in writing and signed by both SEI and FBNA.
This Agreement shall terminate upon the earlier of (a) the 90th day following the expiration, withdrawal, or termination of the Exchange Offer, (b) the close of business on the date of actual receipt of written notice by FBNA from the Company stating that this Agreement is terminated, (c) one year following the date of this Agreement, or (d) the time and date on which this Agreement shall be terminated by mutual consent of the parties hereto.
Such funds will be turned over by FBNA to the Internal Revenue Service.
The Lender, in its sole and absolute discretion and subject to the terms hereof, may make a Loan to the Borrower in an amount equal to the amount of any overdraft which may from time to time exist with respect to the Disbursement Account or any other bank account which the Borrower may now hereafter have with FBNA or any other Affiliate.
Notwithstanding the above, FBNA shall not be under any duty to give any notification of any irregularities in tenders or incur any liability for failure to give any such notification.