Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (c), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 155 contracts
Samples: Administration Agreement (Honda Auto Receivables 2024-3 Owner Trust), Administration Agreement (Honda Auto Receivables 2024-3 Owner Trust), Administration Agreement (Honda Auto Receivables 2024-2 Owner Trust)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a8(b), (bc), (d) or (cg), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to or to the order of the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a8(b), (bc), (d) or (cg), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 119 contracts
Samples: Form of Administration Agreement (Toyota Auto Finance Receivables LLC), Administration Agreement (Toyota Auto Receivables 2024-C Owner Trust), Administration Agreement (Toyota Auto Receivables 2024-C Owner Trust)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 9(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b9(b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 9(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b9(b) or (c), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 90 contracts
Samples: Owner Trust Administration Agreement (Hyundai Auto Receivables Trust 2024-B), Owner Trust Administration Agreement (Hyundai Auto Receivables Trust 2024-B), Owner Trust Administration Agreement (Hyundai Auto Receivables Trust 2024-A)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a), or the resignation or removal of the Administrator pursuant to Section 1.09(a8(b), (b) or (c), or (d) respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer Issuing Entity all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a8(b), (b) or (c), or (d) respectively, the Administrator shall cooperate with the Issuer Issuing Entity and the Indenture Trustee and take all reasonable steps requested to assist the Issuer Issuing Entity and the Indenture Trustee in making an orderly transfer of the duties of the Administrator.
Appears in 88 contracts
Samples: Administration Agreement (CNH Equipment Trust 2024-C), Administration Agreement (CNH Equipment Trust 2024-C), Administration Agreement (CNH Equipment Trust 2024-B)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c8(c) or 8(d), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to or to the order of the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c8(c) or 8(d), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 86 contracts
Samples: Administration Agreement (Nissan Auto Receivables 2024-a Owner Trust), Administration Agreement (Nissan Auto Receivables 2024-a Owner Trust), Administration Agreement (NISSAN AUTO RECEIVABLES Co II LLC)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 10(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b10(b) or (c10(c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the effective date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 10(a) deliver to the Issuer Issuing Entity all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b10(b) or (c10(c), respectively, the Administrator shall cooperate with the Issuer Issuing Entity and take all reasonable steps requested to assist the Issuer Issuing Entity in making an orderly transfer of the duties of the Administrator.
Appears in 84 contracts
Samples: Administration Agreement (Capital Auto Receivables Asset Trust 2016-1), Administration Agreement (Capital Auto Receivables Asset Trust 2016-1), Administration Agreement (Ally Auto Receivables Trust 2016-2)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 73 contracts
Samples: Owner Trust Administration Agreement (Hyundai Auto Receivables Trust 2011-B), Owner Trust Administration Agreement (Hyundai Auto Receivables Trust 2011-A), Owner Trust Administration Agreement (Hyundai Abs Funding Corp)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to Section 9(a), the first sentence resignation of the Administrator pursuant to Section 1.09 9(b) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (bSections 9(c) or (cd), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 9(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation of the Administrator pursuant to Section 9(b) or the removal of the Administrator pursuant to Section 1.09(a), (bSections 9(c) or (cd), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested by the Issuer to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 68 contracts
Samples: Administration Agreement (CarMax Auto Owner Trust 2024-3), Administration Agreement (Carmax Auto Funding LLC), Administration Agreement (Carmax Auto Funding LLC)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (c), respectively1.09, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 deliver to the Issuer all property and documents of or relating to the Indenture Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (c), respectively1.09, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 60 contracts
Samples: Administration Agreement (GM Financial Automobile Leasing Trust 2024-2), Administration Agreement (GM Financial Automobile Leasing Trust 2024-2), Administration Agreement (GM Financial Automobile Leasing Trust 2024-1)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8 or the resignation or removal of the Administrator pursuant to Section 1.09(a8(a), (b) or (c), ) respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8 deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a(a), (b) or (c), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 52 contracts
Samples: Administration Agreement (Harley Davidson Customer Funding Corp), Administration Agreement (Harley Davidson Customer Funding Corp), Administration Agreement (Harley Davidson Customer Funding Corp)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 10(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b10(b) or (cSection 10(c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the effective date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 10(a) deliver to the Issuer Issuing Entity all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b10(b) or (cSection 10(c), respectively, the Administrator shall cooperate with the Issuer Issuing Entity and take all reasonable steps requested to assist the Issuer Issuing Entity in making an orderly transfer of the duties of the Administrator.
Appears in 42 contracts
Samples: Administration Agreement (Ally Auto Receivables Trust 2024-1), Administration Agreement (Ally Auto Receivables Trust 2024-1), Administration Agreement (Ally Auto Receivables Trust 2023-1)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to Section 9(a), the first sentence resignation of the Administrator pursuant to Section 1.09 9(b) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b9(c) or (cd), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 9(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation of the Administrator pursuant to Section 9(b) or the removal of the Administrator pursuant to Section 1.09(a), (b9(c) or (cd), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested by the Issuer to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 41 contracts
Samples: Administration Agreement (CarMax Auto Owner Trust 2015-3), Administration Agreement (CarMax Auto Owner Trust 2015-2), Administration Agreement (CarMax Auto Owner Trust 2015-1)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 10(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b10(b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the effective date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 10(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b10(b) or (c), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 39 contracts
Samples: Administration Agreement (Superior Wholesale Inventory Financing Trust Xii), Administration Agreement (Superior Wholesale Inventory Financing Trust Xi), Administration Agreement (Wholesale Auto Receivables Corp)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a8(b), (b) or (c), or (d) respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer Issuing Entity all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a8(b), (b) c), or (cd), respectively, the Administrator shall cooperate with the Issuer Issuing Entity and take all reasonable steps requested to assist the Issuer Issuing Entity in making an orderly transfer of the duties of the Administrator.
Appears in 39 contracts
Samples: Administration Agreement (John Deere Owner Trust 2024-C), Administration Agreement (John Deere Owner Trust 2024-B), Administration Agreement (John Deere Owner Trust 2024-B)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (c), respectively1.09, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 deliver to the Issuer all property and documents of or relating to the Collateral Trust Estate then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (c), respectively1.09, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 38 contracts
Samples: Administration Agreement (Mercedes-Benz Auto Lease Trust 2024-A), Administration Agreement (Mercedes-Benz Auto Lease Trust 2024-A), Administration Agreement (Mercedes-Benz Auto Lease Trust 2023-A)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a), or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall cooperate with the Issuer and the Indenture Trustee and take all reasonable steps requested to assist the Issuer and the Indenture Trustee in making an orderly transfer of the duties of the Administrator.
Appears in 37 contracts
Samples: Administration Agreement (GE TF Trust), Administration Agreement (GE TF Trust), Administration Agreement (GE Equipment Midticket LLC, Series 2012-1)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8 or the resignation or removal of the Administrator pursuant to Section 1.09(a8(a), (b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8 deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a8(a), (b) or (c), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 32 contracts
Samples: Administration Agreement (Onyx Acceptance Owner Trust 2005-B), Administration Agreement (Onyx Acceptance Owner Trust 2005-A), Administration Agreement (WFS Financial 2005-1 Owner Trust)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (cd), respectivelyrespec-tively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (cd), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 30 contracts
Samples: Administration Agreement (Daimler Trucks Retail Trust 2024-1), Administration Agreement (Daimler Trucks Retail Trust 2024-1), Administration Agreement (Mercedes-Benz Auto Receivables Trust 2024-1)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8 or the resignation or removal of the Administrator pursuant to Section 1.09(a8(a), (b), (c) or (cf), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8 deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a8(a), (b), (c) or (cf), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 27 contracts
Samples: Administration Agreement (Harley-Davidson Motorcycle Trust 2024-B), Administration Agreement (Harley-Davidson Motorcycle Trust 2024-A), Administration Agreement (Harley-Davidson Motorcycle Trust 2024-A)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to Section 8(a), the first sentence resignation of the Administrator pursuant to Section 1.09 8(b) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(c) or (cd), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the this date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation of the Administrator pursuant to Section 8(b) or the removal of the Administrator pursuant to Section 1.09(a), (b8(c) or (cd), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 26 contracts
Samples: Administration Agreement (Mmca Auto Owner Trust 2001-3), Administration Agreement (Mmca Auto Owner Trust 2001-4), Administration Agreement (Mmca Auto Receivables Trust)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 1.9 or the resignation or removal of the Administrator pursuant to Section 1.09(a1.9(a), (b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 1.9 deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a1.9(a), (b) or (c), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 26 contracts
Samples: Issuer Administration Agreement (BMW Vehicle Lease Trust 2016-2), Vehicle Lease (BMW Vehicle Lease Trust 2016-2), www.sec.gov
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 9(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a9(b), (bc) or (cd), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 9(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a9(b), (bc) or (cd), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 23 contracts
Samples: Administration Agreement (USAA Auto Owner Trust 2007-2), Administration Agreement (USAA Auto Owner Trust 2008-1), Administration Agreement (Usaa Federal Savings Bank Usaa Auto Owner Trust 2001-1)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 1.9 or the resignation or removal of the Administrator pursuant to Section 1.09(aSections 1.9(a), (b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 1.9 deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(aSections 1.9(a), (b) or (c), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 21 contracts
Samples: Issuer Administration Agreement (BMW Vehicle Lease Trust 2024-1), Vehicle Lease Trust (BMW Vehicle Lease Trust 2024-1), Issuer Administration Agreement (BMW Vehicle Lease Trust 2023-2)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 subsection 5.1(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), subsection 5.1 (b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 subsection 5.1(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (bsubsection 5.1(b) or (c), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 19 contracts
Samples: Administration Agreement (Chase Manhattan Bank Usa Chase Credit Card Owner Tr 2001-6), Administration Agreement (Chase Credit Card Master Trust), Deposit and Administration Agreement (Chase Credit Card Owner Trust 2001-1)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c) or (d), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to or to the order of the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c) or (d), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 16 contracts
Samples: Administration Agreement (Nissan Auto Receivables 2002-a Owner Trust), Administration Agreement (Nissan Auto Receivables Corp /De), Administration Agreement (Nissan Auto Receivables 2003-a Owner Trust)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer Issuing Entity all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall cooperate with the Issuer Issuing Entity and take all reasonable steps requested to assist the Issuer Issuing Entity in making an orderly transfer of the duties of the Administrator.
Appears in 15 contracts
Samples: Administration Agreement (John Deere Owner Trust 2012-B), Administration Agreement (John Deere Owner Trust 2012), Administration Agreement (John Deere Owner Trust 2011)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 14 contracts
Samples: Administration Agreement (JPMorgan Chase Bank, National Association), Administration Agreement (JPMorgan Chase Bank, National Association), Administration Agreement (Chase Auto Owner Trust 2006-A)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Administration Agreement pursuant to the first sentence of Section 1.09 14(a) hereof or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b14(b) or (c)) hereof, respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 14 hereof deliver to the Issuer all property and documents of or relating to the Collateral Trust Estate then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b14(b) or (c)) hereof, respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 13 contracts
Samples: Administration Agreement (Nelnet Student Loan Trust 2009-2), Administration Agreement (Goal Capital Funding, LLC), Administration Agreement (Nelnet Student Loan Trust 2006-3)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Administration Agreement pursuant to Section 8(b), the first sentence resignation of Section 1.09 the Administrator or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (c), respectively8, the Administrator shall be entitled to be paid a pro-rated portion of the annual fee described in Section 2 hereof through the date of termination and all fees and reimbursable expenses accruing to Reimbursable Expenses incurred by it to through the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer all property and documents of or relating to the Recovery Bond Collateral then in the custody of the Administrator. In the event of the resignation of the Administrator or the removal of the Administrator pursuant to Section 1.09(a), (b) or (c), respectively8, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 12 contracts
Samples: Administration Agreement (PACIFIC GAS & ELECTRIC Co), Administration Agreement (PG&E Recovery Funding LLC), Administration Agreement (PG&E Recovery Funding LLC)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 9(a) or the resignation or removal of the Administrator pursuant to Section 1.09(aSections 9(b), (bc) or (cd), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 9(a) deliver to the Issuer all property and documents of or relating to the Notes or the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(aSections 9(b), (bc) or (cd), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 11 contracts
Samples: California Republic (California Republic Funding LLC), Administration Agreement (California Republic Auto Receivables Trust 2018-1), Administration Agreement (California Republic Auto Receivables Trust 2018-1)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a), or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer Issuing Entity all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall cooperate with the Issuer Issuing Entity and the Indenture Trustee and take all reasonable steps requested to assist the Issuer Issuing Entity and the Indenture Trustee in making an orderly transfer of the duties of the Administrator.
Appears in 10 contracts
Samples: Administration Agreement (CNH Capital Receivables LLC), Administration Agreement (CNH Equipment Trust 2006-A), Administration Agreement (CNH Capital Receivables LLC)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectivelyand the Sale and Servicing Agreement, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (c), respectivelyAdministrator, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 10 contracts
Samples: Administration Agreement (KeyCorp Student Loan Trust 2006-A), Administration Agreement (Key Consumer Receivables LLC), Administration Agreement (Keycorp Student Loan Trust 2004-A)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence Section 8(a) of Section 1.09 this Agreement or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively) of this Agreement, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence Section 8(a) of Section 1.09 this Agreement deliver to the Issuer as appropriate, all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively) of this Agreement, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 10 contracts
Samples: Administration Agreement, Administration Agreement, Administration Agreement (National Collegiate Student Loan Trust 2006-2)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Administration Agreement pursuant to Section 8(b), the first sentence resignation of Section 1.09 the Administrator or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (c), respectivelyto, the Administrator shall be entitled to be paid a pro-rated portion of the annual fee described in Section 2 hereof through the date of termination and all fees and reimbursable expenses accruing to Reimbursable Expenses incurred by it to through the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer all property and documents of or relating to the Recovery Bond Collateral then in the custody of the Administrator. In the event of the resignation of the Administrator or the removal of the Administrator pursuant to Section 1.09(a), (b) or (c), respectively8, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 9 contracts
Samples: Administration Agreement (SCE Recovery Funding LLC), Administration Agreement (SCE Recovery Funding LLC), Administration Agreement (SCE Recovery Funding LLC)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (c), respectivelyrespectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (c), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 9 contracts
Samples: Administration Agreement (Mercedes-Benz Auto Receivables Trust 2014-1), Administration Agreement (Mercedes-Benz Auto Receivables Trust 2013-1), Administration Agreement (Mercedes Benz Auto Receivables Trust 2012-1)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(aSections 8(b), (bc) or (cd), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer all property and documents of or relating to the Notes or the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(aSections 8(b), (bc) or (cd), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 9 contracts
Samples: Administration Agreement (California Republic Auto Receivables Trust 2015-2), Administration Agreement (California Republic Auto Receivables Trust 2015-1), Administration Agreement (California Republic Funding LLC)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Administration Agreement pursuant to the first sentence of Section 1.09 14(a) hereof or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b14(b) or (c)) hereof, respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 14(a) hereof deliver to the Issuer all property and documents of or relating to the Collateral Trust Estate then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b14(b) or (c)) hereof, respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 8 contracts
Samples: Administration Agreement (Nelnet Student Loan Funding LLC), Administration Agreement (Nelnet Student Loan Funding LLC), Administration Agreement (Nelnet Student Loan Trust 2005-1)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8 or the resignation or removal of the Administrator pursuant to Section 1.09(a8(a), (b) or (c), ) hereof respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8 hereof deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a8(a), (b) or (c)) hereof, respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 8 contracts
Samples: Administration Agreement (Cit Funding Co, LLC), Administration Agreement (NCT Funding Co LLC), Administration Agreement (Cit Equipment Collateral 2003-Ef1)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a8(b), (b) or (c), or (d) respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer Issuing Entity all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a8(b), (b) or (c), or (d) respectively, the Administrator shall cooperate with the Issuer Issuing Entity and take all reasonable steps requested to assist the Issuer Issuing Entity in making an orderly transfer of the duties of the Administrator.
Appears in 8 contracts
Samples: Administration Agreement (John Deere Owner Trust 2016), Administration Agreement (John Deere Owner Trust 2016), Administration Agreement (John Deere Owner Trust 2015-B)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 9(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b9(b) or (c), respectively, the Administrator shall will be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall will forthwith upon such termination pursuant to the first sentence of Section 1.09 9(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b9(b) or (c), respectively, the Administrator shall will cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 7 contracts
Samples: Administration Agreement (Ford Credit Auto Receivables Two LLC), Administration Agreement (Ford Credit Auto Owner Trust 2005-C), Administration Agreement (Ford Credit Auto Receivables Two LLC)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 9(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b9(b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 9(a) deliver to the Issuer Owner Trustee all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b9(b) or (c), respectively, the Administrator shall cooperate with the Issuer Owner Trustee and the Indenture Trustee and take all reasonable steps requested to assist the Issuer Owner Trustee in making an orderly transfer of the duties of the Administrator.
Appears in 7 contracts
Samples: Administration Agreement (Capital One Auto Receivables LLC), Administration Agreement (Capital One Auto Finance Trust 2002-A), Administration Agreement (M&i Auto Loan Trust 2002-1)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 9(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b9(b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 9(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b9(b) or (c), respectively, the Administrator shall cooperate with the Issuer and the Indenture Trustee and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 7 contracts
Samples: Administration Agreement (Bank One Auto Securitization Trust 2003-1), Administration Agreement (Bank One Auto Securitization LLC), Administration Agreement (Ace Sec Corp Wells Fargo Financial Auto Owner Trust 2004-A)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence Section 8(a) of Section 1.09 this Agreement or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c)) of this Agreement, respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence Section 8(a) of Section 1.09 this Agreement deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c)) of this Agreement, respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 6 contracts
Samples: Administration Agreement (National Collegiate Trust 1997-S2), Administration Agreement (National Collegiate Trust 1996-S2), Administration Agreement (National Collegiate Funding LLC)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8 or the resignation or removal of the Administrator pursuant to Section 1.09(a8(a), (b) or (c), ) respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8 deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a8(a), (b) or (c), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 6 contracts
Samples: Administration Agreement (Harley-Davidson Motorcycle Trust 2011-2), Administration Agreement (Harley-Davidson Motorcycle Trust 2011-2), Administration Agreement (Harley-Davidson Motorcycle Trust 2011-1)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a8(b), (bc) or (cd), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer Transferor all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a8(b), (bc) or (cd), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 5 contracts
Samples: Administration Agreement (First National Funding LLC), Administration Agreement (First National Funding LLC), Administration Agreement (First National Master Note Trust)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 subsection 5.1(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), subsection 5.1 (b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 subsection 5.1(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (bsubsection 5.1(b) or (c), respectively, the Administrator Adminis- trator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 5 contracts
Samples: Administration Agreement (Chase Credit Card Master Trust), Administration Agreement (Chase Credit Card Master Trust), Administration Agreement (Chase Credit Card Owner Trust 2004-2)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a), or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall cooperate with the Issuer and the Indenture Trustee and take all reasonable steps requested to assist the Issuer and the Indenture Trustee in making an orderly transfer of the duties of the Administrator.. Administration Agreement
Appears in 5 contracts
Samples: Administration Agreement (GE Equipment Midticket LLC, Series 2011-1), Administration Agreement (GE Equipment Midticket LLC, Series 2011-1), Administration Agreement (Cef Equipment Holding LLC)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement the Administrator pursuant to the first sentence of Section 1.09 subsection 5.08(c) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (bsubsection 5.08(a) or (cb), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 subsection 5.08(c) deliver to the Issuer Issuing Entity all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (bsubsection 5.08(a) or (cb), respectively, the Administrator shall cooperate with the Issuer Issuing Entity and take all reasonable steps requested to assist the Issuer Issuing Entity in making an orderly transfer of the duties of the Administrator.. [END OF ARTICLE V]
Appears in 4 contracts
Samples: Transfer and Servicing Agreement (Chase Card Funding LLC), Transfer and Servicing Agreement (Chase Issuance Trust), Transfer and Servicing Agreement (Chase Issuance Trust)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 10(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b10(b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the effective date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 10(a) deliver to the Issuer Issuing Entity all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b10(b) or (c), respectively, the Administrator shall cooperate with the Issuer Issuing Entity and take all reasonable steps requested to assist the Issuer Issuing Entity in making an orderly transfer of the duties of the Administrator.
Appears in 4 contracts
Samples: Administration Agreement (Superior Wholesale Inventory Financing Trust 2007-Ae-1), Administration Agreement (Wholesale Auto Receivables Corp), SWIFT Master Auto Receivables Trust
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectivelyand the Sale and Servicing Agreement, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (c), respectivelyAdministrator, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 4 contracts
Samples: Execution Copy (Key Bank Usa National Association), Administration Agreement (Key Bank Usa National Association), Administration Agreement (Key Bank Usa National Association)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 10(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b10(b) or (c), respectively, the Administrator shall be entitled to be paid by the Servicer all fees and reimbursable expenses accruing to it to the effective date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 10(a) deliver to the Issuer all property and documents of or relating to the Collateral Trust Estate then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b10(b) or (c), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested by the Indenture Trustee to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 4 contracts
Samples: Administration Agreement (Alliance Laundry Systems LLC), Administration Agreement (Alliance Laundry Systems LLC), Administration Agreement (Alliance Laundry Holdings LLC)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer all property and documents of or relating to the Indenture Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 4 contracts
Samples: Administration Agreement (Green Tree Financial Corp), Administration Agreement (Conseco Finance Securitizations Corp), Administration Agreement (Conseco Finance Securitizations Corp)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Administration Agreement pursuant to the first sentence of Section 1.09 or 3(a), the resignation or removal of the Administrator pursuant to Section 1.09(a), (b3(b) or (cthe removal of the Administrator under Section 3(c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 3(a) deliver to the Issuer Company all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b3(b) or (cthe removal of the Administrator under Section 3(c), respectively, the Administrator shall cooperate with the Issuer Company and take all reasonable steps requested to assist the Issuer Company in making an orderly transfer of the duties of the Administrator.
Appears in 4 contracts
Samples: Administration Agreement (MP Environmental Funding LLC), Administration Agreement (PE Environmental Funding LLC), Administration Agreement (MP Environmental Funding LLC)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement the Administrator pursuant to the first sentence of Section 1.09 subsection 4.8(c) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (bsubsection 4.8(a) or (cb), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 subsection 4.8(c) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (bsubsection 4.8(a) or (cb), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.. [END OF ARTICLE IV]
Appears in 4 contracts
Samples: Servicing Agreement, Servicing Agreement (American Express Receivables Financing Corp VIII LLC), Servicing Agreement (American Express Receivables Financing Corp VIII LLC)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8 or the resignation or removal of the Administrator pursuant to Section 1.09(a8(a), (b) or ), (c), respectivelyor (f), the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8 deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a8(a), (b) ), (c), or (cf), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 4 contracts
Samples: Administration Agreement (Harley-Davidson Motorcycle Trust 2015-2), Administration Agreement (Harley-Davidson Motorcycle Trust 2015-2), Administration Agreement (Harley-Davidson Motorcycle Trust 2015-1)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement the Administrator pursuant to the first sentence of Section 1.09 subsection 5.8(c) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (bsubsection 5.8(a) or (cb), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 subsection 5.8(c) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (bsubsection 5.8(a) or (cb), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.. [END OF ARTICLE V]
Appears in 3 contracts
Samples: Transfer and Servicing Agreement (American Express Issuance Trust), Transfer and Servicing Agreement (American Express Issuance Trust), Transfer and Servicing Agreement (American Express Issuance Trust)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to or to the order of the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In Administrator in the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 3 contracts
Samples: Administration Agreement (Toyota Motor Credit Corp), Administration Agreement (Onyx Acceptance Financial Corp), Administration Agreement (Toyota Motor Credit Corp)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 subsection 5.1(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (bsubsection 5.1(b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 subsection 5.1(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (bsubsection 5.1(b) or (c), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 3 contracts
Samples: Administration Agreement (Chase Credit Card Owner Trust 2002-6), Administration Agreement (Chase Manhattan Bank Chase Credit Card Owner Trust 2000 3), Administration Agreement (Chase Credit Card Master Trust)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8 or the resignation or removal of the Administrator pursuant to Section 1.09(a8(a), (b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8 deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a8(a), (b) or (c), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 3 contracts
Samples: Administration Agreement (Harley-Davidson Motorcycle Trust 2012-1), Administration Agreement (Harley-Davidson Motorcycle Trust 2012-1), Administration Agreement (Harley Davidson Customer Funding Corp)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 10(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b10(c) or (cd), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the effective date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 10(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b10(c) or (cd), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 3 contracts
Samples: Administration Agreement (Navistar Financial 2005-a Owner Trust), Administration Agreement (Navistar Financial 2004-B Owner Trust), Administration Agreement (Navistar Financial Retail Rec Corp Navistar Fin 04 a Own Tr)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8 or the resignation or removal of the Administrator pursuant to Section 1.09(a8(a), (b), (c) or (c), f) respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8 deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a(a), (b), (c) or (cf), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 3 contracts
Samples: Administration Agreement (Orix Credit Alliance Receivables Trust 1999-A), Administration Agreement (Orix Credit Alliance Receivables Trust 2000 B), Administration Agreement (Orix Credit Alliance Receivables Trust 2000-A)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to Section 8(a), the first sentence resignation of the Administrator pursuant to Section 1.09 8(b) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(c) or (cd), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the this date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation of the Administrator pursuant to Section 8(b) or the removal of the Administrator pursuant to Section 1.09(a), (b8(c) or (cd), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator. 10.
Appears in 3 contracts
Samples: Administration Agreement (Mmca Auto Receivables Inc), Administration Agreement (Mmca Auto Receivables Inc), Administration Agreement (Mmca Auto Receivables Inc)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of pursuant to Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectivelyand the Transfer and Servicing Agreement, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (c), respectivelyAdministrator, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 3 contracts
Samples: Administration Agreement (Crestar Bank /Va), Administration Agreement (Crestar Bank /Va), Administration Agreement (PNC Bank National Association/)
Action upon Termination, Resignation or Removal. Promptly upon the ----------------------------------------------- effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(aSections 8(b), (bc) or (cd), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer Seller all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(aSections 8(b), (bc) or (cd), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 3 contracts
Samples: Administration Agreement (First Consumers Master Trust), Administration Agreement (First Consumers Master Trust), Administration Agreement (First Consumers Master Trust)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall will be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon Upon such termination pursuant to Section 8(a), the first sentence of Section 1.09 Administrator will forthwith deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall will cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 3 contracts
Samples: Administration Agreement (Ford Credit Floorplan LLC), Administration Agreement (Ford Credit Floorplan LLC), Administration Agreement (Ford Credit Auto Receivables LLC)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a8(b), (bc) or (c), d) respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a8(b), (bc) or (cd), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 3 contracts
Samples: Administration Agreement (Household Consumer Loan Corp Ii), Administration Agreement (Hrsi Funding Inc Ii), Administration Agreement (Hrsi Funding Inc Ii)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement the Administrator pursuant to the first sentence of Section 1.09 subsection 5.08(c) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (bsubsection 5.08(a) or (cb), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 subsection 5.08(c) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(asubsection 5.08(a), (b) or (cd), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.. [END OF ARTICLE V]
Appears in 3 contracts
Samples: Transfer and Servicing Agreement (First Usa Credit Card Master Trust), Transfer and Servicing Agreement (Bank One Delaware National Association), Transfer and Servicing Agreement (Chase Manhattan Bank Usa)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8 or the resignation or removal of the Administrator pursuant to Section 1.09(a8(a), (b) or (c), ) hereof respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8 hereof deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a8(a), (b) or (c)) hereof, respectively, the Administrator shall reasonably cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 3 contracts
Samples: Administration Agreement (CIT Equipment Collateral 2006-Vt1), Administration Agreement (Cit Equipment Collateral 2006-Vt2), Administration Agreement (CIT Equipment Collateral 2008-Vt1)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement the Administrator pursuant to the first sentence of Section 1.09 subsection 4.8(c) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (bsubsection 4.8(a) or (cb), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 subsection 4.8(c) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (bsubsection 4.8(a) or (cb), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 3 contracts
Samples: Servicing Agreement (American Express Receivables Financing Corp VIII LLC), Servicing Agreement, Servicing Agreement (American Express Receivables Financing Corp VIII LLC)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a8(b), (bc) or (cd), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a8(b), (bc) or (cd), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 3 contracts
Samples: Administration Agreement (Navistar Financial Dealer Note Master Trust), Administration Agreement (Advanta Business Recievables Corp), Administration Agreement (Advanta Business Recievables Corp)
Action upon Termination, Resignation or Removal. of the Administrator. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 9(a) hereof or the resignation or removal of the Administrator pursuant to Section 1.09(a9(b), (bc) or (c)g) hereof, respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith forthwith, upon such termination pursuant to the first sentence of Section 1.09 9(a), deliver to the Issuer successor Administrator—or, if this Agreement has been terminated, to the Depositor—all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a9(b), (bc) or (cd), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 3 contracts
Samples: Administration Agreement (Peoples Choice Home Loan Securities Trust Series 2005-4), Administration Agreement (Peoples Choice Home Loan Securities Trust Series 2005-3), Administration Agreement (Peoples Choice Home Loan Securities Trust Series 2005-2)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 1.09(a) or the resignation or removal of the Administrator pursuant to Section 1.09(aSections 1.09(b), (bc) or (cd), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it pursuant to Section 1.04 of this Agreement and Section 3.01(e) of the Transfer and Servicing Agreement to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 1.09(a) deliver to the Issuer Transferor all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(aSections 1.09(b), (bc) or (cd), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 3 contracts
Samples: Administration Agreement (Nordstrom Inc), Note Purchase Agreement (Bon Ton Stores Inc), Administration Agreement (Nordstrom Inc)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Administration Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall will be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon Upon such termination pursuant to Section 8(a), the first sentence of Section 1.09 Administrator will forthwith deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall will cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 3 contracts
Samples: Administration Agreement (GMF Floorplan Owner Revolving Trust), Administration Agreement (Nissan Wholesale Receivables Corp Ii), Administration Agreement (Nissan Wholesale Receivables Corp Ii)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a8(b), (bc), (d) or (cg), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to or to the order of the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a8(b), (bc), (d) or (cg), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the AdministratorAxxxxxxxxxxxx.
Appears in 2 contracts
Samples: Administration Agreement (Toyota Auto Receivables 2010-C Owner Trust), Administration Agreement (Toyota Auto Receivables 2010-C Owner Trust)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a), or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer Trust all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall cooperate with the Issuer Trust and the Indenture Trustee and take all reasonable steps requested to assist the Issuer Trust and the Indenture Trustee in making an orderly transfer of the duties of the Administrator.
Appears in 2 contracts
Samples: Administration Agreement (Synchrony Card Issuance Trust), Administration Agreement (GE Capital Credit Card Master Note Trust)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 or 8(a), the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (cthe removal of the Administrator under Section 8(c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (cthe removal of the Administrator under Section 8(c), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 2 contracts
Samples: Form of Administration Agreement (Florida Power & Light Co), Administration Agreement (FPL Recovery Funding LLC)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement the Administrator pursuant to the first sentence of Section 1.09 4.8(c) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b4.8(a) or (cb), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it up to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 4.8(c) deliver to the Issuer all property of the Issuer and all documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b4.8(a) or (cb), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 2 contracts
Samples: Servicing Agreement (Dryrock Issuance Trust), Servicing Agreement (Dryrock Issuance Trust)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a8(b), (bc) or (cd), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to or to the order of the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a8(b), (bc) or (cd), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 2 contracts
Samples: Administration Agreement (Toyota Motor Credit Receivables Corp), Administration Agreement (Toyota Motor Credit Receivables Corp)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 subsection 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(asubsection 8(b), (bc) or (cd), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 subsection 8(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(asubsection 8(b), (bc) or (cd), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 2 contracts
Samples: Administration Agreement (National City Credit Card Master Trust), Administration Agreement (National City Bank /)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence Section 8(a) of Section 1.09 this Agreement or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively) of this Agreement, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence Section 8(a) of Section 1.09 this Agreement deliver to the Issuer as appropriate, all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively) of this Agreement, the Administrator shall cooperate with the Issuer and take all reasonable steps steps, at the sole cost and expense of the Issuer, requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 2 contracts
Samples: Administration Agreement (Mru Abs Ii LLC), Administration Agreement (Mru Holdings Inc)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a), or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c8(c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer Trust all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c8(c), respectively, the Administrator shall cooperate with the Issuer Trust and the Indenture Trustee and take all reasonable steps requested to assist the Issuer Trust and the Indenture Trustee in making an orderly transfer of the duties of the Administrator to the successor Administrator.
Appears in 2 contracts
Samples: Administration Agreement (CDF Funding, Inc.), Administration Agreement (CDF Funding, Inc.)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 9(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b9(b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 9(a) deliver to the Issuer Trust all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b9(b) or (c), respectively, the Administrator shall cooperate with the Issuer Trust and the Indenture Trustee and take all reasonable steps requested to assist the Issuer Trust in making an orderly transfer of the duties of the Administrator.
Appears in 2 contracts
Samples: Administration Agreement (M&i Dealer Auto Securitization LLC), Administration Agreement (M&i Dealer Auto Securitization LLC)
Action upon Termination, Resignation or Removal. Promptly upon ----------------------------------------------- the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a8(b), (bc) or (cd), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 2 contracts
Samples: Administration Agreement (Household Credit Card Master Note Trust I), Administration Agreement (Household Credit Card Master Note Trust I)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a), or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectively, the Administrator shall cooperate with the Issuer and the Indenture Trustee and take all reasonable steps requested to assist the Issuer and the Indenture Trustee in making an orderly transfer of the duties of the Administrator.. (GEET 2013-1)
Appears in 2 contracts
Samples: Administration Agreement (GE Equipment Transportation LLC, Series 2013-1), Administration Agreement (GE Equipment Transportation LLC, Series 2013-1)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 SECTION 8 or the resignation or removal of the Administrator pursuant to Section 1.09(aSECTION 8(a), (b) or (c), ) respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 SECTION 8 deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(aSECTION 8(a), (b) or (c), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 2 contracts
Samples: Administration Agreement (Dealer Auto Receivables Corp), Administration Agreement (Dealer Auto Receivables Corp)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(aSections 8(b), (bc) or (cd), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer Transferor all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(aSections 8(b), (bc) or (cd), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 2 contracts
Samples: Administration Agreement (Signet Jewelers LTD), Administration Agreement (Dc Funding International Inc)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c8(c) or 8(d), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to or to the order of the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c8(c) or 8(d), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the AdministratorXxxxxxxxxxxxx.
Appears in 2 contracts
Samples: Administration Agreement (Nissan Auto Receivables 2010-a Owner Trust), Administration Agreement (Nissan Auto Receivables 2010-a Owner Trust)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Administration Agreement pursuant to the first sentence of Section 1.09 13(a) hereof or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b13(b) or (c)) hereof, respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 13(a) hereof deliver to the Issuer all property and documents of or relating to the Collateral Trust Estate then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b13(b) or (c)) hereof, respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 2 contracts
Samples: Administration Agreement (Gmac Elf LLC), Administration Agreement (Gmac Elf LLC)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 9(b) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b9(b) or (c9(c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 9(a) deliver to the Issuer Master Servicer all property and documents of or relating to the Collateral then in the custody of the Administrator. In Administrator in the event of the resignation or removal of the Administrator pursuant to Section 1.09(a9(b), (bc) or (cd), respectively, ; and the Administrator shall cooperate with the Issuer and the Master Servicer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 2 contracts
Samples: Administration Agreement (Bear Stearns Asset Backed Securities Inc), Administration Agreement (Bear Stearns Asset Backed Sec Inc Irwin Home Eq Lo Tr 2001-2)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Administration Agreement pursuant to Section 8(a), the first sentence resignation of the Administrator pursuant to Section 1.09 8(b) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(c) or (c8(d), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to a pro-rated portion of the annual fee described in Section 2 hereof through the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer all property and documents of or relating to the Collateral Trust Estate then in the custody of the Administrator. In the event of the resignation of the Administrator pursuant to Section 8(b) or the removal of the Administrator pursuant to Section 1.09(a), (b8(c) or (c8(d), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 2 contracts
Samples: Administration Agreement (Cleco Katrina/Rita Hurricane Recovery Funding LLC), Administration Agreement (Cleco Katrina/Rita Hurricane Recovery Funding LLC)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 9.08(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b9.08(b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 9.08(a) deliver to the Issuer Trust all property and documents of or relating to the Collateral Trust Assets then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b9.08(b) or (c), respectively, the Administrator shall cooperate with the Issuer Trust and take all reasonable steps requested to assist the Issuer Trust in making an orderly transfer of the duties of the Administrator.
Appears in 2 contracts
Samples: Trust Agreement (Mellon Premium Finance Loan Owner Trust), Trust Agreement (Mellon Premium Finance Loan Owner Trust)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 SECTION 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(aSECTIONS 8(b), (bc) or (cd), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 SECTION 8(a) deliver to the Issuer Transferor all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(aSECTIONS 8(b), (bc) or (cd), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 2 contracts
Samples: Administration Agreement (World Financial Network Credit Card Master Trust), Administration Agreement (World Financial Network Credit Card Master Trust)
Action upon Termination, Resignation or Removal. Promptly upon ----------------------------------------------- the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a8(b), (bc) or (c), d) respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a8(b), (bc) or (cd), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 1 contract
Samples: Administration Agreement (Conseco Finance Credit Funding Corp)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 9(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a9(b), (bc), (d) or (cg), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 9(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a9(b), (bc), (d) or (cg), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 1 contract
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of pursuant to Section 1.09 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b8(b) or (c), respectivelyand the Sale and Servicing Agreement, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 8(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (c), respectivelyAdministrator, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Transworld Insurance Co)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 subsection 5.1 or the resignation or removal of the Administrator pursuant to Section 1.09(asubsection 5.1 (a), (b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 5.1 deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(asubsection 5.1(a), (b) or (c), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 1 contract
Samples: Administration Agreement (Target Credit Card Owner Trust 2005-1)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 10(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b10(b) or (c10(c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the effective date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 10(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b10(b) or (c10(c), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 1 contract
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 SECTION 8(a) or the resignation or removal of the Administrator pursuant to Section 1.09(a), (bSECTION 8(b) or (c), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 SECTION 8(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (bSECTION 8(b) or (c), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 1 contract
Samples: Administration Agreement (Caterpillar Financial Funding Corp)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 or the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (cd), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 1.09(a), (b) or (cd), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the Administrator.
Appears in 1 contract
Samples: Administration Agreement (Daimler Retail Receivables LLC)
Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to the first sentence of Section 1.09 10(a) or the resignation or removal of the CARAT Administrator pursuant to Section 1.09(a), (b10(b) or (c), respectively, the CARAT Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the effective date of such termination, resignation or removal. The CARAT Administrator shall forthwith upon such termination pursuant to the first sentence of Section 1.09 10(a) deliver to the Issuer all property and documents of or relating to the Collateral then in the custody of the CARAT Administrator. In the event of the resignation or removal of the CARAT Administrator pursuant to Section 1.09(a), (b10(b) or (c), respectively, the CARAT Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the Issuer in making an orderly transfer of the duties of the CARAT Administrator.
Appears in 1 contract
Samples: Central Originating Lease Trust
