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, the Grantor Trust 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, each of the Owner Trustee and the Grantor Trust 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 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)

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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, the Grantor Trust Trustee, any separate trustee or co-trustee appointed under Section 6.10 7.13 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, each of the Owner Trustee Trustee, the Note Insurer and the Grantor Trust Trustee is a third-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 4 contracts

Samples: Administration Agreement (Capital One Auto Receivables LLC), Administration Agreement (Capital One Auto Finance Trust 2005-A), 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, the Grantor Trust 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, each of the Owner Trustee [and the Grantor Trust Trustee Insurer are] is a third-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 2 contracts

Samples: Administration Agreement (Santander Drive Auto Receivables LLC), Administration Agreement (Drive 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[, the Grantor Trust 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, ,[ each of of] the Owner Trustee Trustee[ and the Grantor Trust Trustee 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 1 contract

Samples: Administration Agreement (Bridgecrest Auto 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, the Grantor Trust Trustee, any separate trustee or co-trustee appointed under Section 6.10 of the Indenture Indenture, any separate trustee or co-trustee appointed under Section 10.5 of the Trust Agreement and the Noteholders, any benefit or any legal or equitable right, remedy or claim under this Agreement. For the avoidance of doubt, each of the Owner Trustee and the Grantor Trust 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 1 contract

Samples: Administration Agreement (Porsche Auto 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, the Grantor Trust 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, each of the Owner Trustee and the Grantor Trust 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.hereto.β€Œ

Appears in 1 contract

Samples: Administration Agreement

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, the Grantor Trust 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, each of the Owner Trustee and the Grantor Trust Trustee Swap Counterparty 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 1 contract

Samples: Administration Agreement (Capital One Prime Auto Receivables Trust 2007-1)

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