Administrator Default has the meaning specified in Section 5.1 of the Administration Agreement.

Administrator Default means the occurrence of any event specified in Section 8(d) of the Administration Agreement.

Administrator Default shall have the meaning set forth in Section 12 of the Administration Agreement.

Examples of Administrator Default in a sentence

Pursuant to Clause 3.a.3 (Compliance with Laws) in relation to Clause 1(a) Administrator Default (k) of the IPPA AA, PSALM declared FMPC in default due to its baseless and unilateral rescission of the IPPA AA.
Employees shall be entitled to reimbursement for out-of-District travel in the event they are required to travel out of the District on District business.
The payment in full of all outstanding amounts due together with the applicable late payment interest under Section 2.2.8 of the FIT-All Guidelines for any delay in payment of the Actual FIT Revenue shall cure any Administrator Default.
Upon any such waiver of a past default, such default shall cease to exist, and any Master Servicer Default or Administrator Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement and the Administration Agreement.
After fourteen (14) days since the final demand letter to SPPC was served, a nine- day grace period was further given to SPPC; however, despite the additional nine- day grace period which expired on 02 September 2015, SPPC failed to settle its unpaid generation payment bills covering Period B, prompting PSALM to declare SPPC in Administrator Default and entitling PSALM to terminate the IPP AA as per Clauses 1.1 (f) “Definitions”, and 19.1 “Administrator Default Termination” of the said Agreement.

More Definitions of Administrator Default

Administrator Default has the meaning specified in Section 8.01(b) of the Sale and Servicing Agreement.

Administrator Default has the meaning specified in Section 5.01 of the Administration Agreement.

Administrator Default. An event described in Section 7.01 of the Administration Agreement. Administrator’s Accounting: A certificate, completed by and executed on behalf of the Administrator, in accordance with Section 2.06 of the Administration Agreement.

Administrator Default has the meaning specified in Section 8.1(b) of the Transfer and Servicing Agreement.

Administrator Default has the meaning specified in the Administrative Services Agreement.

Administrator Default means any material breach, as determined by the Agent in its Permitted Discretion, of the terms of the Administration Agreement or the Multi-Party Agreement by Administrator, including without limitation (and for the avoidance of doubt), to the extent that any Delegated Functions have been (and during such time as such Delegated Functions are) delegated to the Sub-Administrator, any Sub-Administrator Default which has the effect of causing a material breach by Administrator of the Administration Agreement.

Administrator Default means any of the events described in Section 13(c) of the Administration Agreement.