Trust Administrator definition
Examples of Trust Administrator in a sentence
In any event of any claim, action or proceeding for which indemnity will be sought pursuant to this Section, the Indemnified Party’s choice of legal counsel shall be subject to the approval of the Trust Administrator, which approval shall not be unreasonably withheld.
The Owner Trustee may at any time resign and be discharged from the trusts hereby created by giving written notice thereof to the Trust Administrator (and the Trust Administrator will provide each Rating Agency with notice thereof pursuant to Section 2.01(d) of the Administration Agreement), the Servicer, the Depositor, the Indenture Trustee and the Trust Certificateholders.
The Servicer shall pay the Trust Administrator a monthly payment of compensation in an amount to be agreed to between the Trust Administrator and the Servicer pursuant to Section 2.04 of the Administration Agreement.
The provisions of this Agreement are solely for the benefit of the Owner Trustee, the Depositor, the Trust Certificateholders, the Trust Administrator, the Servicer, the Indenture Trustee and the Noteholders, and nothing in this Agreement, whether express or implied, shall be construed to give to any other Person any legal or equitable right, remedy or claim in the Trust Estate or under or in respect of this Agreement or any covenants, conditions or provisions contained herein.
The Servicer will furnish to the Trust Administrator, as soon as practicable after receiving a request therefor, a list of all locations where Lease Documents are kept.