Common use of Duties with Respect to the Issuer Documents and the Grantor Trust Documents Clause in Contracts

Duties with Respect to the Issuer Documents and the Grantor Trust Documents. The Administrator shall perform all of its duties as Administrator specifically enumerated herein and in the Issuer Documents and the Grantor Trust Documents and administer and perform all of the duties and obligations of the Issuer and the Grantor Trust under the Issuer Documents and the Grantor Trust Documents and no additional duties shall be read to be included herein; provided, however, that the Administrator shall have no obligation to make any payment required to be made by the Issuer or the Grantor Trust under any Issuer Document or any Grantor Trust Document. The Administrator shall monitor the performance of the Issuer and the Grantor Trust and shall advise the Issuer and the Grantor Trust when action is necessary to comply with the Issuer’s and the Grantor Trust’s duties and obligations under the Issuer Documents and the Grantor Trust Documents. Other than such actions to be performed by the Indenture Trustee pursuant to Section 6.6 of the Indenture, the Administrator shall perform such calculations, and shall prepare for execution by the Issuer and the Grantor Trust or shall cause the preparation by other appropriate persons of all such documents, reports, filings, instruments, certificates, notices and opinions as it shall be the duty of the Issuer or the Grantor Trust to prepare, file or deliver pursuant to the Issuer Documents and the Grantor Trust Documents, as applicable. In furtherance of the foregoing, the Administrator shall take all appropriate action that is the duty of the Issuer and the Grantor Trust to take pursuant to the Issuer Documents and the Grantor Trust Documents, and shall prepare, execute, file and deliver on behalf of the Issuer and the Grantor Trust all such documents, reports, filings, instruments, certificates, notices and opinions as it shall be the duty of the Issuer to prepare, execute, file or deliver pursuant to the Issuer Documents and the Grantor Trust Documents or otherwise by law.

Duties with Respect to the Issuer Documents and the Grantor Trust Documents. The Administrator shall perform all of its duties as Administrator specifically enumerated herein and in the Issuer Documents Documents[ and the Grantor Trust Documents Documents] and administer and perform all of the duties and obligations of the Issuer[ and the Grantor Trust] under the Issuer Documents[ and the Grantor Trust under the Issuer Documents and the Grantor Trust Documents Documents] and no additional duties shall be read to be included herein; provided, however, that the Administrator shall have no obligation to make any payment required to be made by the Issuer Issuer[ or the Grantor Trust Trust] under any Issuer Document Document[ or any Grantor Trust Document]. The Administrator shall monitor the performance of the Issuer Issuer[ and the Grantor Trust Trust] and shall advise the Issuer Issuer[ and the Grantor Trust Trust] when action is necessary to comply with the Issuer’s ’s[ and the Grantor Trust’s ’s] duties and obligations under the Issuer Documents Documents[ and the Grantor Trust Documents]. Other than such actions to be performed by the Indenture Trustee pursuant to Section 6.6 of the Indenture, the Administrator shall perform such calculations, and shall prepare for execution by the Issuer Issuer[ and the Grantor Trust Trust] or shall cause the preparation by other appropriate persons of all such documents, reports, filings, instruments, certificates, notices and opinions as it shall be the duty of the Issuer Issuer[ or the Grantor Trust Trust] to prepare, file or deliver pursuant to the Issuer Documents Documents[ and the Grantor Trust Documents, as applicable]. In furtherance of the foregoing, the Administrator shall take all appropriate action that is the duty of the Issuer Issuer[ and the Grantor Trust Trust] to take pursuant to the Issuer Documents Documents[ and the Grantor Trust Documents], and shall prepare, execute, file and deliver on behalf of the Issuer Issuer[ and the Grantor Trust Trust] all such documents, reports, filings, instruments, certificates, notices and opinions as it shall be the duty of the Issuer to prepare, execute, file or deliver pursuant to the Issuer Documents Documents[ and the Grantor Trust Documents Documents] or otherwise by law.

Duties with Respect to the Issuer Documents and the Grantor Trust Documents. The Administrator shall perform all of its duties as Administrator specifically enumerated herein and in under this Agreement, the Issuer Documents and the Grantor Trust Documents and administer and perform all of the duties and obligations of the Issuer and the Grantor Trust under the Issuer Documents and the Grantor Trust Documents and no additional duties shall be read to be included hereinunder the Grantor Trust Documents; provided, however, except as otherwise provided in the Issuer Documents, that the Administrator shall have no obligation to make any payment required to be made by the Issuer or the Grantor Trust under any Issuer Document or any Grantor Trust Document. In addition, the Administrator shall consult with the Issuer and the Owner Trustee regarding the Issuer’s duties and obligations under the Issuer Documents and with the Grantor Trust and the Grantor Trust Trustee regarding the Grantor Trust’s duties and obligations under the Grantor Trust Documents. The Administrator shall monitor the performance of the Issuer and the Grantor Trust and shall advise the Issuer and or the Grantor Trust Trust, as applicable, when action is necessary to comply with the Issuer’s and the Grantor Trustsuch Person’s duties and obligations under the Issuer Documents and or the Grantor Trust Documents, respectively. Other than such actions items to be performed by the Indenture Owner Trustee pursuant to Section 6.6 5.3 of the Trust Agreement, by the Grantor Trust Trustee pursuant to Section 5.2 of the Grantor Trust Agreement and the Certificate Paying Agent pursuant to Section 5.4 of the Trust Agreement and by the Paying Agent pursuant to Section 6.6(a) and (b) of the Indenture, the Administrator shall perform such calculations, and shall prepare for execution by the Issuer and the Grantor Trust or shall cause the preparation by other appropriate persons Persons of all such documents, reports, filings, instruments, certificates, notices and opinions as it shall be the duty of the Issuer or and the Grantor Trust to prepare, execute, file or deliver pursuant to the Issuer Documents and the Grantor Trust Documents, as applicable. In furtherance of the foregoing, the Administrator shall take all appropriate action that is the duty of the Issuer and the Grantor Trust to take pursuant to the Issuer Documents and of the Grantor Trust to take pursuant to the Grantor Trust Documents, and shall prepare, execute, file and deliver on behalf of the Issuer and the Grantor Trust Trust, as applicable, all such documents, reports, filings, instruments, certificates, notices and opinions as it shall be the duty of the Issuer such Person to prepare, execute, file or deliver pursuant to the Issuer Documents and Documents, the Grantor Trust Documents or otherwise by law.