BTMU Roles. Each of the Committed Purchasers acknowledges that BTMU acts, or may in the future act, (i) as administrative agent or administrative trustee for one or more of the Conduit Purchasers, (ii) as Managing Agent for one or more of the Conduit Purchasers, (iii) as issuing and paying agent for one or more Conduit Purchaser’s Commercial Paper, (iv) to provide credit or liquidity enhancement for the timely payment for one or more Conduit Purchaser’s Commercial Paper and (v) to provide other services from time to time for some or all of the Purchasers (collectively, the “BTMU Roles”). Without limiting the generality of this Section 12.13(a), each Committed Purchaser hereby acknowledges and consents to any and all BTMU Roles and agrees that in connection with any BTMU Role, BTMU may take, or refrain from taking, any action that it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent or administrative trustee for the related Conduit Purchasers, and the giving of notice of a mandatory purchase pursuant its Liquidity Agreement.”
BTMU Roles. (a) Each of the Financial Institutions acknowledges that BTMU acts, or may in the future act, (i) as Agent for the Purchasers hereunder, (ii) as a Managing Agent for Victory or any other Purchaser in BTMU’s Purchaser Group, (iii) as issuing and paying agent for Victory’s Commercial Paper, (iv) to provide credit or liquidity enhancement for the timely payment for such Commercial Paper and (v) to provide other services from time to time for certain Purchasers (collectively, the “BTMU Roles”). Without limiting the generality of this Section 14.13(a), each Purchaser and Managing Agent hereby acknowledges and consents to any and all BTMU Roles and agrees that in connection with any BTMU Role, BTMU may take, or refrain from taking, any action that it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for Victory.
BTMU Roles. Each of the Liquidity Banks acknowledges that BTMU acts, or may in the future act: (a) as administrative agent for Victory or any Liquidity Bank, (b) as an issuing and paying agent for the Commercial Paper, (c) to provide credit or liquidity enhancement for the timely payment for the Commercial Paper, and/or (d) to provide other services from time to time for Victory or any Liquidity Bank (collectively, the “BTMU Roles”). Without limiting the generality of this Section 14.13, each Liquidity Bank hereby acknowledges and consents to any and all BTMU Roles and agrees that in connection with any BTMU Role, BTMU may take, or refrain from taking, any action that it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for Victory, and the giving of notice of a mandatory purchase pursuant to the Liquidity Agreement.
