Examples of Payment Administrator in a sentence
XxXxxxx Street Suite 1740 Chicago, IL 60603 MODIFIED LOAN DETAIL DISCLOSURE MODIFICATION MODIFICATION CONTROL # DATE DESCRIPTION APPENDIX B C-12 GS MORTGAGE SECURITIES CORPORATION II GMAC COMMERCIAL MORTGAGE CORP., AS MASTER SERVICER AND SPECIAL SERVICER COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 1988-C1 ABN AMRO Statement Date: LA SALLE NATIONAL BANK Payment Date: Prior Payment: Administrator: Record Date: Xxxxxxx Xxxxx (800) 246-5761 000 X.
The Payment Administrator shall have received duly executed Transmittal Letters, with appropriate certificates representing the Company Capital Stock or valid Lost Certificate Affidavits, (i) from Company Shareholders representing 97% of the Company Capital Stock outstanding immediately prior to Closing and (ii) which shall include Transmittal Letters from the Company Shareholders set forth on Schedule 7.2(e) hereto.
As soon as reasonably determined by the Securityholders’ Agent that the Expense Fund is no longer required to be withheld, the Securityholders’ Agent will distribute any amounts remaining in the Expense Fund to the Payment Administrator for further distribution to the Indemnitors in accordance with such Indemnitor’s Pro Rata Share thereof.
Cash amounts deposited with the Payment Administrator from time-to-time in accordance with this Section 1.10(a) and Section 1.7, if any, are referred to as the “Payment Fund.” The Payment Administrator will be instructed to invest the funds included in the Payment Fund in the manner directed by Pxxxxx.
The Borrower agrees to indemnify the Payment Administrator from and against any and all losses, claims, damages and liabilities of whatsoever nature which may be imposed on, asserted against or incurred by the Agent in performing its duties under this Section 11.6 other than those resulting from the Agent's willful misconduct or gross negligence.
At the Effective Time, Parent shall deposit with the Payment Administrator, for payment through the Payment Administrator in accordance with this Section 2.10, funds in an amount equal to the Closing Cash Payment.
A complete set of counterparts shall be lodged with Holdings and the Payment Administrator.
Notwithstanding anything to the contrary contained in this Agreement, each of the Payment Administrator, Parent and the Surviving Company shall be entitled to deduct and withhold from any amounts payable pursuant to this Agreement such amounts as Parent determines in good faith are required to be deducted or withheld therefrom or in connection therewith under the Code or any provision of state, local or foreign Tax law or under any other Legal Requirement.
At or prior to the Closing, Parent shall, at its sole cost and expense, designate a Acquiom Financial LLC (or another payments administrator reasonably acceptable to the Company) to act as payments administrator in the Merger (the “Payment Administrator”), pursuant to an agreement in customary form that requires the Payment Administrator to comply with the procedures set forth in this Section 2.10.
Any portion of the Equityholder Representative Reserve remaining following the determination of all such fees, costs, expenses, Liabilities and amounts by the Equityholder Representative in its sole discretion (such portion, the “Remaining Reserve Amount”) shall be distributed by the Equityholder Representative to the Payment Administrator, for further payment to the Company Shareholders each Company Shareholder’s Pro Rata Share of the Remaining Reserve Amount.