Examples of Substitute Administrator in a sentence
The Substitute Administrator Facilitator may not assign or transfer any of its rights and obligations under this Agreement without the prior written consent of the Issuer and the Trustee.
During the term of this Agreement, the Substitute Administrator Facilitator shall, at all times perform its obligations with all due care, skill and diligence and in the utmost good faith provided that the Substitute Administrator Facilitator shall not be required to do or cause to be done anything which it is prevented from doing by virtue of any applicable law or regulatory requirement.
The Issuer hereby appoints the Substitute Administrator Facilitator to carry out the services on the terms and conditions set out in this Agreement and the Substitute Administrator Facilitator accepts such appointment.
If the amount to which HML is entitled pursuant to Clause 5 (Fees of Substitute Administrator During Standby Period) and Clause 6 (Expenses of Substitute Administrator During Standby Period) is not paid on the due date for payment, interest will be payable on such amounts at the rate of 2 per cent per annum above the base rate from time to time of National Westminster Bank PLC from that date until the date of payment.
If the amount to which HML is entitled pursuant to Clause 5 (Fees of Substitute Administrator during Standby Period) and Clause 6 (Expenses of Substitute Administrator during Standby Period) is not paid on the due date for payment, interest will be payable on such amounts at the rate of 2 per cent per annum above the base rate from time to time of National Westminster Bank PLC from that date until the date of payment.