Common use of Duties of the Indenture Administrator with respect to the DTC Letter Clause in Contracts

Duties of the Indenture Administrator with respect to the DTC Letter. The Indenture Administrator agrees to perform all its duties as Indenture Administrator and the duties of the Issuer under the DTC Letter. The Indenture Administrator will monitor the performance of the Issuer and will advise the Owner Trustee when action is necessary to comply with the Issuer’s duties under the DTC Letter. The Indenture Administrator will prepare, or cause to be prepared, for execution by the Issuer, or execute as Indenture Administrator on behalf of the Issuer, all documents, reports, filings, instruments, certificates and opinions that are the duty of the Issuer to prepare, file or deliver pursuant to the DTC Letter.