Common use of Duties with Respect to the Issuing Entity Documents Clause in Contracts

Duties with Respect to the Issuing Entity Documents. (i) Subject to the limitations set forth in clause (c) below, the Administrative Agent agrees to perform all its duties as Administrative Agent under the Basic Documents and the duties of the Issuing Entity under the Issuing Entity Documents. In addition, the Administrative Agent shall consult with the Owner Trustee regarding the duties of the Issuing Entity under the Issuing Entity Documents. The Administrative Agent shall monitor the performance of the Issuing Entity and shall advise the Issuing Entity when action by the Issuing Entity is necessary to comply with the Issuing Entity’s duties under the Issuing Entity Documents. The Administrative Agent shall prepare for execution by the Issuing Entity or shall cause the preparation by other appropriate persons of all such documents, reports, filings, instruments, certificates and opinions as it shall be the duty of the Issuing Entity to prepare, file or deliver pursuant to the Issuing Entity Documents. In furtherance of the foregoing, the Administrative Agent shall take all appropriate action that is the duty of the Issuing Entity to take pursuant to the Basic Documents and shall prepare, obtain, execute, file and deliver on behalf of the Issuing Entity all such documents, reports, filings, instruments, certificates, notices and opinions as it shall be the duty of the Issuing Entity to prepare, file or deliver pursuant to the Basic Documents or otherwise by law.