Common use of Change of Administrator Clause in Contracts

Change of Administrator. Without prejudice to Clause 9.4 of the Deed of Charge, in the event there is any change in the identity of any Administrator in accordance with the provisions of the Administration Agreement, the retiring administrator, the new administrator, any remaining Administrator, the Issuer, the Trustee, the Sellers and the Account Bank shall execute such documents and take such actions as may be required by the Administration Agreement and/or the Substitute Administrator Agreement and/or this Agreement (as the case may be) for the purpose of releasing the retiring administrator from its future obligations under this Agreement.

Change of Administrator. Without prejudice to Clause clause 9.4 of the Deed of Charge, in the event there is any change in the identity of any Administrator in accordance with the provisions of the Administration Agreement, the retiring administrator, the new administrator, any remaining Administrator, the Issuer, the Trustee, the Sellers and the Account Bank shall execute such documents and take such actions as may be required by the Administration Agreement and/or the Substitute Administrator Agreement and/or this Agreement (as the case may be) for the purpose of releasing the retiring administrator from its future obligations under this Agreement.