Common use of Benefits of the Administration Agreement Clause in Contracts

Benefits of the Administration Agreement. Nothing in this Agreement, expressed or implied, shall give to any Person other than the parties hereto and their successors hereunder, the Owner Trustee, any separate trustee or co-trustee appointed under Section 6.10 of the Indenture and the Noteholders, any benefit or any legal or equitable right, remedy or claim under this Agreement. For the avoidance of doubt, the Owner Trustee is a third party beneficiary of this Agreement and is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party hereto.

Appears in 219 contracts

Samples: Administration Agreement (Santander Drive Auto Receivables Trust 2024-3), Administration Agreement (Santander Drive Auto Receivables Trust 2024-3), Administration Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

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Benefits of the Administration Agreement. Nothing in this Agreement, expressed or implied, shall give to any Person other than the parties hereto and their successors hereunder, the Owner Trustee, any separate trustee or co-trustee appointed under Section 6.10 of the Indenture and the Noteholders, any benefit or any legal or equitable right, remedy or claim under this Agreement. For the avoidance of doubt, the Owner Trustee is a third party beneficiary of this Agreement and is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party hereto.

Appears in 33 contracts

Samples: Administration Agreement (World Omni Automobile Lease Securitization Trust 2020-B), Administration Agreement (World Omni Automobile Lease Securitization Trust 2020-B), Administration Agreement (World Omni Automobile Lease Securitization Trust 2020-A)

Benefits of the Administration Agreement. Nothing in this Agreement, expressed or implied, shall give to any Person other than the parties hereto and their successors hereunder, the Owner Trustee, Trustee and any separate trustee or co-trustee appointed under Section 6.10 of the Indenture and the Noteholders, any benefit or any legal or equitable right, remedy or claim under this Agreement. For the avoidance of doubt, the Owner Trustee is a third party beneficiary of this Agreement and is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party hereto.

Appears in 21 contracts

Samples: Administration Agreement (Capital One Prime Auto Receivables Trust 2023-2), Administration Agreement (Capital One Prime Auto Receivables Trust 2023-2), Administration Agreement (Capital One Prime Auto Receivables Trust 2023-1)

Benefits of the Administration Agreement. Nothing in this Agreement, expressed or implied, shall give to any Person other than the parties hereto and their successors hereunder, the Owner Trustee, any separate trustee or co-trustee appointed under Section 6.10 of the Indenture Indenture[, the Swap Counterparty] and the Noteholders, any benefit or any legal or equitable right, remedy or claim under this Agreement. For the avoidance of doubt, the Owner Trustee is a third party beneficiary of this Agreement and is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party hereto.

Appears in 18 contracts

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

Benefits of the Administration Agreement. Nothing in this Agreement, expressed or implied, shall give to any Person other than the parties hereto and their successors hereunder, the Owner Trustee, any separate trustee or co-trustee appointed under Section 6.10 of the Indenture and the Noteholders, any benefit or any legal or equitable right, remedy or claim under this Agreement. For the avoidance of doubt, the Owner Trustee is a third third-party beneficiary of this Agreement and is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party hereto.

Appears in 9 contracts

Samples: Administration Agreement (World Omni LT), Administration Agreement (World Omni LT), Administration Agreement (World Omni LT)

Benefits of the Administration Agreement. Nothing in this Agreement, expressed or implied, shall give to any Person other than the parties hereto and their successors hereunder, the Owner Trustee, any separate trustee or co-trustee appointed under Section 6.10 7.13 of the Indenture and the Noteholders, any benefit or any legal or equitable right, remedy or claim under this Agreement. For the avoidance of doubt, the Owner Trustee is a third party beneficiary of this Agreement and is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party hereto.

Appears in 8 contracts

Samples: Administration Agreement (Capital One Prime Auto Receivables Trust 2004-2), Administration Agreement (Volkswagen Auto Loan Enhanced Trust 2003-1), Administration Agreement (Capital One Prime Auto Receivables Trust 2004-3)

Benefits of the Administration Agreement. Nothing in this Agreement, expressed or implied, shall give to any Person other than the parties hereto and their successors hereunder, the Owner Trustee, any separate trustee or co-trustee appointed under Section 6.10 of the Indenture Indenture, the Note Insurer, the Swap Counterparty and the Noteholders, any benefit or any legal or equitable right, remedy or claim under this Agreement. For the avoidance of doubt, the Owner Trustee is a Trustee, the Note Insurer and the Swap Counterparty are third party beneficiary beneficiaries of this Agreement and is are entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it they were a party hereto.

Appears in 8 contracts

Samples: Administration Agreement (Capital One Auto Finance Trust 2007-C), Administration Agreement (Capital One Auto Receivables LLC), Administration Agreement (Capital One Auto Receivables LLC)

Benefits of the Administration Agreement. Nothing in this Agreement, expressed or implied, shall give to any Person other than the parties hereto and their successors hereunder, the Owner Trustee, any separate trustee or co-trustee appointed under Section 6.10 of the Indenture and the Noteholders, any benefit or any legal or equitable right, remedy or claim under this Agreement. For the avoidance of doubt, the Owner Trustee is a third party beneficiary of this Agreement and is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party hereto.

Appears in 6 contracts

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

Benefits of the Administration Agreement. Nothing in this Agreement, expressed or implied, shall give to any Person other than the parties hereto and their successors hereunder, the Owner Trustee, any separate trustee or co-trustee appointed under Section 6.10 of the Indenture Indenture, the Swap Counterparty and the Noteholders, any benefit or any legal or equitable right, remedy or claim under this Agreement. For the avoidance of doubt, the Owner Trustee is a third party beneficiary of this Agreement and is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party hereto.

Appears in 4 contracts

Samples: Administration Agreement (Volkswagen Auto Loan Enhanced Trust 2008-1), Administration Agreement (Volkswagen Auto Loan Enhanced Trust 2007-1), Administration Agreement (Volkswagen Auto Loan Enhanced Trust 2008-2)

Benefits of the Administration Agreement. Nothing in this Agreement, expressed or implied, shall give to any Person other than the parties hereto and their successors hereunder, the Owner Trustee, any separate trustee or co-trustee appointed under Section 6.10 of the Indenture Indenture, the Insurer and the Noteholders, any benefit or any legal or equitable right, remedy or claim under this Agreement. For the avoidance of doubt, the Owner Trustee is a and the Insurer are third party beneficiary beneficiaries of this Agreement and is are entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it they were a party hereto.

Appears in 3 contracts

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

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Benefits of the Administration Agreement. Nothing in this Agreement, expressed or implied, shall give to any Person other than the parties hereto and their successors hereunder, the Owner Trustee, any separate trustee or co-trustee appointed under Section 6.10 of the Indenture and Section 10.5 of the NoteholdersTrust Agreement, any benefit or any legal or equitable right, remedy or claim under this Agreement. For the avoidance of doubt, the Owner Trustee is a third party beneficiary of this Agreement and is are entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it they were a party parties hereto.

Appears in 2 contracts

Samples: Administration Agreement (Fifth Third Auto Trust 2023-1), Administration Agreement (Fifth Third Auto Trust 2023-1)

Benefits of the Administration Agreement. Nothing in this Agreement, expressed or implied, shall give to any Person other than the parties hereto and their successors hereunder, the Owner Trustee, Trustee and any separate trustee or co-trustee appointed under Section 6.10 of the Indenture and the NoteholdersIndenture, any benefit or any legal or equitable right, remedy or claim under this Agreement. For the avoidance of doubt, the Owner Trustee is a third party beneficiary of this Agreement and is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party hereto.

Appears in 2 contracts

Samples: Administration Agreement (Fifth Third Auto Trust 2015-1), Administration Agreement (Fifth Third Auto Trust 2014-3)

Benefits of the Administration Agreement. Nothing in this Agreement, expressed or implied, shall give to any Person other than the parties hereto and their successors hereunder, the Owner Trustee, Trustee and any separate trustee or co-trustee appointed under Section 6.10 of the Indenture and Indenture[, the Noteholders, Swap Counterparty] any benefit or any legal or equitable right, remedy or claim under this Agreement. For the avoidance of doubt, the Owner Trustee Trustee[ and the Swap Counterparty] is a third party beneficiary of this Agreement and is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party hereto.

Appears in 2 contracts

Samples: Administration Agreement (Capital One Auto Receivables LLC), Administration Agreement (Capital One Auto Receivables LLC)

Benefits of the Administration Agreement. Nothing in this Agreement, expressed or implied, shall give to any Person other than the parties hereto and their successors hereunder, the Owner Trustee, any separate trustee or co-trustee appointed under Section 6.10 of the Indenture [and the NoteholdersSwap Counterparty], any benefit or any legal or equitable right, remedy or claim under this Agreement. For the avoidance of doubt, the Owner Trustee is a third party beneficiary of this Agreement and is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party hereto.

Appears in 1 contract

Samples: Administration Agreement (Fifth Third Holdings Funding, LLC)

Benefits of the Administration Agreement. Nothing in this Agreement, expressed or implied, shall give to any Person other than the parties hereto and their successors hereunder, the Owner Trustee, any separate trustee or co-trustee appointed under Section 6.10 of the Indenture and the Noteholders, any benefit or any legal or equitable right, remedy or claim under this Agreement. For the avoidance of doubt, the Owner Trustee is a third party beneficiary of this Agreement and is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party hereto.

Appears in 1 contract

Samples: Administration Agreement (Chase Auto Receivables LLC)

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