Common use of Administration Fee; Payment of Certain Expenses by Administrator Clause in Contracts

Administration Fee; Payment of Certain Expenses by Administrator. The Administrator is entitled to receive the Administration Fee out of payments on the Secured Notes. The Administrator shall also be entitled to Investment Earnings as, and to the extent, set forth in this Agreement and in the Further Transfer Agreements. Subject to any limitations on the Administrator’s liability under this Agreement and the Further Transfer Agreements, the Administrator shall be required to pay all expenses incurred by it in connection with its activities under this Agreement and under the Further Transfer Agreements (including fees and disbursements of the Issuing Entity, any trustees (including of the AART Indenture Trustee pursuant to Section 6.7 of the AART Indenture and the AART Owner Trustee pursuant to Section 6.9 of the Trust Agreement) and independent accountants, taxes imposed on the Administrator, expenses incurred in connection with distributions and reports to holders of Securities and all other fees and expenses not expressly stated under this Agreement or the Further Transfer Agreements to be for the account of the holders of Securities).

Appears in 9 contracts

Samples: Administration Agreement (Ally Auto Assets LLC), Administration Agreement (Ally Auto Assets LLC), Administration Agreement (Ally Auto Assets LLC)

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Administration Fee; Payment of Certain Expenses by Administrator. The Administrator is entitled to receive the Administration Fee out of payments on the Secured Notes. The Administrator shall also be entitled to Investment Earnings as, and to the extent, set forth in this Agreement and in the Further Transfer Agreements. Subject to any limitations on the Administrator’s liability under this Agreement and the Further Transfer Agreements, the Administrator shall be required to pay all expenses incurred by it in connection with its activities under this Agreement and under the Further Transfer Agreements (including fees and Table of Contents disbursements of the Issuing Entity, any trustees (including of the AART Indenture Trustee pursuant to Section 6.7 of the AART Indenture and the AART Owner Trustee pursuant to Section 6.9 of the Trust Agreement) and independent accountants, taxes imposed on the Administrator, expenses incurred in connection with distributions and reports to holders of Securities and all other fees and expenses not expressly stated under this Agreement or the Further Transfer Agreements to be for the account of the holders of Securities).

Appears in 2 contracts

Samples: Administration Agreement (Ally Auto Receivables Trust 2013-Sn1), Administration Agreement (Ally Auto Receivables Trust 2013-Sn1)

Administration Fee; Payment of Certain Expenses by Administrator. The Administrator is entitled to receive the Administration Fee out of payments on the Secured Notes. The Administrator shall also be entitled to Investment Earnings as, and to the extent, set forth in this Agreement and in the Further Transfer Agreements. Subject to any limitations on the Administrator’s liability under this Agreement and the Further Transfer Agreements, the Administrator shall be required to pay all expenses incurred by it in connection with its activities under this Agreement and under the Further Transfer Agreements (including fees and Table of Contents disbursements of the Issuing Entity, any trustees (including of the AART Indenture Trustee pursuant to Section 6.7 of the AART Indenture and the AART Owner Trustee pursuant to Section 6.9 of the Trust AgreementIndenture) and independent accountants, taxes imposed on the Administrator, expenses incurred in connection with distributions and reports to holders of Securities and all other fees and expenses not expressly stated under this Agreement or the Further Transfer Agreements to be for the account of the holders of Securities).

Appears in 1 contract

Samples: Administration Agreement (Ally Central Originating Lease Trust)

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Administration Fee; Payment of Certain Expenses by Administrator. The Administrator is entitled to receive the Administration Fee out of payments on the Secured Notes. The Administrator shall also be entitled to Investment Earnings as, and to the extent, set forth in this Agreement and in the Further Transfer and Administration Agreements. Subject to any limitations on the Administrator’s liability under this Agreement and the Further Transfer and Administration Agreements, the Administrator shall be required to pay all expenses incurred by it in connection with its activities under this Agreement and under the Further Transfer and Administration Agreements (including fees and disbursements of the Issuing Entity, any trustees (including of the AART CARAT Indenture Trustee pursuant to Section 6.7 of the AART CARAT Indenture and the AART CARAT Owner Trustee pursuant to Section 6.9 of the Trust Agreement) and independent accountants, taxes imposed on the Administrator, expenses incurred in connection with distributions and reports to holders of Securities and all other fees and expenses not expressly stated under this Agreement or the Further Transfer and Administration Agreements to be for the account of the holders of Securities).

Appears in 1 contract

Samples: Pooling and Administration Agreement (Capital Auto Receivables LLC)

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