Common use of Duties of the Trust Administrator Clause in Contracts

Duties of the Trust Administrator. (a) The Trust Administrator is hereby appointed and authorized to act as agent for the Owner of the COLT 20__-SN_ Secured Notes and in such capacity shall administer the COLT 20__-SN_ Secured Notes with reasonable care, using that degree of skill and attention that the Trust Administrator exercises with respect to comparable property that it administers for itself or others. The Trust Administrator hereby accepts such appointment and authorization and agrees to perform the duties of Trust Administrator with respect to the COLT 20__-SN_ Secured Notes set forth herein and in the Further Transfer and Administration Agreements.

Duties of the Trust Administrator. (a) The Trust Administrator is hereby appointed and authorized to act as agent for the Owner of the COLT 20__-SN_ 2005-SN1 Secured Notes and in such capacity shall administer the COLT 20__-SN_ 2005-SN1 Secured Notes with reasonable care, using that degree of skill and attention that the Trust Administrator exercises with respect to comparable property that it administers for itself or others. The Trust Administrator hereby accepts such appointment and authorization and agrees to perform the duties of Trust Administrator with respect to the COLT 20__-SN_ 2005-SN1 Secured Notes set forth herein and in the Further Transfer and Administration Agreements.

Duties of the Trust Administrator. (a) The Trust Administrator is hereby appointed and authorized to act as agent for the Owner of the COLT 20__-SN_ 2007-SN1 Secured Notes and in such capacity shall administer the COLT 20__-SN_ 2007-SN1 Secured Notes with reasonable care, using that degree of skill and attention that the Trust Administrator exercises with respect to comparable property that it administers for itself or others. The Trust Administrator hereby accepts such appointment and authorization and agrees to perform the duties of Trust Administrator with respect to the COLT 20__-SN_ 2007-SN1 Secured Notes set forth herein and in the Further Transfer and Administration Agreements.