Common use of Independence of Administrator; No Joint Venture Clause in Contracts

Independence of Administrator; No Joint Venture. The Administrator will be an independent contractor and will not be subject to the supervision of the Issuer or the Owner Trustee for the manner in which it performs its obligations under this Agreement. Except as expressly authorized by the Transaction Documents, the Administrator will have no authority to act for or represent the Issuer or the Owner Trustee and will not be considered an agent of the Issuer or the Owner Trustee. This Agreement will not make the Administrator and the Issuer or the Owner Trustee members of a partnership, joint venture or other entity or impose any liability as such on any of them.

Independence of Administrator; No Joint Venture. The Administrator will be an independent contractor and will not be subject to the supervision of the Issuer Trust or the Owner Trustee for the manner in which it performs its obligations under this Agreement. Except as expressly authorized by the Transaction Documents and the other Series Related Documents, the Administrator will have no authority to act for or represent the Issuer Trust or the Owner Trustee and will not be considered an agent of the Issuer Trust or the Owner Trustee. This Agreement will not make the Administrator and the Issuer Trust or the Owner Trustee members of a partnership, joint venture or other entity or impose any liability as such on any of them.