Examples of Master Trust Administrator in a sentence
In addition, the Administrator will cause the Master Trust Administrator to comply with the requirements of Section 9.7(a) of the Master Collateral Agency Agreement with respect to the release of Receivables from the lien of the Master Collateral Agency Agreement on or prior to any Acquisition Date on which the Master Trust transfers Receivables to the Depositor.
The Master Trust Administrator Fee may be increased or decreased with the prior written approval of the Required Noteholders.
In such notice the Master Trust Administrator shall specify if other OC Loan Facilities are still outstanding or if all OC Loan Facilities have been paid in full.
The Master Trust Administrator shall inform the Trustee, the Servicer and the Noteholders that Shared Collections are no longer available if payment obligations become due and payable under an OC Loan Facility that has been entered into by BCC with an OC Lender (“Shared Collection Suspension Event”).
The Trustee (or the Master Trust Administrator on behalf of the Issuer if the Trustee is the Paying Agent) may revoke such power and remove the Paying Agent, if the Trustee (or the Master Trust Administrator on behalf of the Issuer if the Trustee is the Paying Agent) determines in its sole discretion that the Paying Agent shall have failed to perform its obligations under this Indenture in any material respect or for other good cause.
The Trustee shall execute and deliver such instruments of transfer and assignment, in each case without recourse, as shall be reasonably requested by the Issuer or the Master Trust Administrator to vest in the Issuer all right, title and interest in the Trust Estate.
So long as any such Master Trust Administrator Default shall not have been remedied, the Trustee, for the benefits of the Noteholders and the other Secured Parties, by notice in writing to the Master Trust Administrator, may terminate all of the rights and obligations of the Master Trust Administrator under this Agreement and appoint a successor Master Trust Administrator.
The Master Trust Administrator shall promptly notify the Issuer and the Trustee, for the benefits of the Noteholders and the other Secured Parties, in writing of any event, circumstance or occurrence which constitutes a Master Trust Administrator Default under Section 12.4 hereof.
The Trustee will furnish or cause to be furnished by the Transfer Agent and Registrar to the Master Trust Administrator, the Servicer and the Paying Agent such list for payment of distributions to Noteholders.
The Master Trust Administrator Fee shall be allocated evenly among all Series with outstanding Notes.