Common use of Administrator Termination Events; Termination of the Administrator Clause in Contracts

Administrator Termination Events; Termination of the Administrator. (a) Subject to clause (d) below, the Administrator may resign its duties hereunder by providing the Issuer with at least sixty (60) days’ prior written notice.

Appears in 130 contracts

Samples: Administration Agreement (Drive Auto Receivables Trust 2024-1), Administration Agreement (Drive Auto Receivables Trust 2024-1), Administration Agreement (Santander Drive Auto Receivables Trust 2024-1)

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Administrator Termination Events; Termination of the Administrator. (a) Subject to clause clauses (d) and (e) below, the Administrator may resign its duties hereunder by providing the Issuer with at least sixty (60) days’ prior written notice.

Appears in 58 contracts

Samples: Administration Agreement (Santander Drive Auto Receivables LLC), Administration Agreement (Santander Drive Auto Receivables LLC), Administration Agreement (Santander Drive Auto Receivables LLC)

Administrator Termination Events; Termination of the Administrator. (a) Subject to clause (d) below, the Administrator may resign its duties hereunder by providing the Issuer Issuer, the Owner Trustee, and the Grantor Trust and the Grantor Trust Trustee with at least sixty (60) days’ prior written notice.

Appears in 7 contracts

Samples: Administration Agreement (Bridgecrest Lending Auto Securitization Trust 2024-3), Administration Agreement (Bridgecrest Lending Auto Securitization Trust 2024-2), Administration Agreement (Bridgecrest Lending Auto Securitization Trust 2024-2)

Administrator Termination Events; Termination of the Administrator. (a) Subject to clause (d) below, the Administrator may resign its duties hereunder by providing the Issuer with at least sixty thirty (6030) days’ prior written notice.

Appears in 6 contracts

Samples: Administration Agreement (Hercules Capital, Inc.), Administration Agreement (Horizon Technology Finance Corp), Administration Agreement (Hercules Capital, Inc.)

Administrator Termination Events; Termination of the Administrator. (a) Subject to clause (d) below, the Administrator may resign from its duties hereunder by providing the Issuer with at least sixty (60) days’ prior written notice.

Appears in 4 contracts

Samples: Administration Agreement (Santander Drive Auto Receivables Trust 2024-3), Administration Agreement (Santander Drive Auto Receivables Trust 2024-3), Administration Agreement (Santander Drive Auto Receivables Trust 2024-2)

Administrator Termination Events; Termination of the Administrator. (a) Subject to clause clauses (d) belowand (e) below and Section 3.15 of the Indenture, the Administrator may resign its duties hereunder by providing the Issuer with at least sixty (60) days’ prior written notice.

Appears in 3 contracts

Samples: Administration Agreement (Santander Drive Auto Receivables LLC), Administration Agreement (Santander Drive Auto Receivables Trust 2010-1), Administration Agreement (Santander Drive Auto Receivables Trust 2010-1)

Administrator Termination Events; Termination of the Administrator. (a) Subject to clause clauses (d) and (e) below, the Administrator may resign its duties hereunder by providing the Issuer and the Insurer with at least sixty (60) days’ prior written notice.

Appears in 3 contracts

Samples: Administration Agreement (Santander Drive Auto Receivables Trust 2007-1), Administration Agreement (Santander Drive Auto Receivables Trust 2007-3), Administration Agreement (Santander Drive Auto Receivables Trust 2007-2)

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Administrator Termination Events; Termination of the Administrator. (a) Subject to clause clauses (d) and (e) below, the Administrator may resign its duties hereunder by providing the Issuer with at least sixty (60) days' prior written notice.

Appears in 2 contracts

Samples: Administration Agreement (Capital One Prime Auto Receivables Trust 2003-1), Administration Agreement (Capital One Auto Receivables LLC)

Administrator Termination Events; Termination of the Administrator. (a) Subject to clause (d) below, the Administrator may resign its duties hereunder by providing the Issuer with at least sixty (60) days’ prior written notice.. 4 Administration Agreement (SDART 2023-6)

Appears in 2 contracts

Samples: Administration Agreement (Santander Drive Auto Receivables Trust 2023-6), Administration Agreement (Santander Drive Auto Receivables Trust 2023-6)

Administrator Termination Events; Termination of the Administrator. (a) Subject to clause (d) below, the Administrator may resign its duties hereunder by providing the Issuer Issuer[ and the Grantor Trust] with at least sixty (60) days’ prior written notice.

Appears in 1 contract

Samples: Administration Agreement (Bridgecrest Auto Funding LLC)

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