Independence of Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.
Appears in 71 contracts
Samples: Servicing Agreement, Servicing Agreement (American Express Receivables Financing Corp VIII LLC), Servicing Agreement (American Express Receivables Financing Corp VIII LLC)
Independence of Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the IssuerIssuer or the Owner Trustee, as the case may be, the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.
Appears in 39 contracts
Samples: Administration Agreement (Chase Auto Owner Trust 2006-A), Administration Agreement (Chase Auto Owner Trust 2005-A), Administration Agreement (JPMorgan Chase Bank, National Association)
Independence of Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer Issuing Entity or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the IssuerIssuing Entity, the Administrator shall have no authority to act for or represent the Issuer Issuing Entity or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer Issuing Entity or the Owner Trustee.
Appears in 14 contracts
Samples: Transfer and Servicing Agreement (Chase Card Funding LLC), Transfer and Servicing Agreement (Chase Issuance Trust), Transfer and Servicing Agreement (Chase Issuance Trust)
Independence of Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner TrusteeIssuer.
Appears in 11 contracts
Samples: Administration Agreement (PSNH Funding LLC 3), Administration Agreement (PSNH Funding LLC 3), Administration Agreement
Independence of Administrator. For all purposes of this Agreement, the Administrator shall be is an independent contractor and shall is not be subject to the supervision of the Issuer Trust or the Owner Trustee with respect as to the manner in which it accomplishes the performance of performs its obligations hereunderunder this Agreement. Unless expressly authorized in this Agreement or by the IssuerTrust, the Administrator shall have has no authority to act for or represent the Issuer Trust or the Owner Trustee in any way and shall is not otherwise be deemed an agent of the Issuer Trust or the Owner Trustee.
Appears in 8 contracts
Samples: Administration Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-G), Administration Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-E), Administration Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-D)
Independence of Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.
Appears in 7 contracts
Samples: Administration Agreement (First National Funding LLC), Administration Agreement (First National Funding LLC), Administration Agreement (First National Master Note Trust)
Independence of Administrator. For all purposes of this Administration Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereundercontractor. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner TrusteeIssuer.
Appears in 7 contracts
Samples: Administration Agreement (Education Capital I LLC), Administration Agreement (Education Funding Capital Trust-Iv), Administration Agreement (Education Capital I LLC)
Independence of Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Bond Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Bond Issuer, the Administrator shall have no authority to act for or represent the Bond Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner TrusteeBond Issuer.
Appears in 5 contracts
Samples: Administration Agreement, Administration Agreement (FirstEnergy Ohio PIRB Special Purpose Trust 2013), Administration Agreement (FirstEnergy Ohio PIRB Special Purpose Trust 2013)
Independence of Administrator. For all purposes of this ----------------------------- Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.
Appears in 4 contracts
Samples: Underwriting Agreement (Household Credit Card Master Note Trust I), Administration Agreement (Conseco Finance Credit Funding Corp), Administration Agreement (Household Credit Card Master Note Trust I)
Independence of Administrator. For all purposes of this Agreement, the ----------------------------- Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.
Appears in 4 contracts
Samples: Administration Agreement (First Consumers Master Trust), Administration Agreement (First Consumers Master Trust), Administration Agreement (Spiegel Master Trust)
Independence of Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereundercontractor. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner TrusteeIssuer.
Appears in 4 contracts
Samples: Transfer and Sale Agreement (Student Loan Funding LLC), Administration Agreement (Student Loan Funding LLC), Administration Agreement (Student Loan Funding LLC)
Independence of Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the IssuerIssuer or the Transferor, the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.
Appears in 3 contracts
Samples: Transfer and Administration Agreement (Cabela's Credit Card Master Note Trust), Transfer and Administration Agreement (Capital One Master Trust), Transfer and Administration Agreement (Capital One Master Trust)
Independence of Administrator. For all purposes of this Agreement, the Administrator shall will be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunderunder this Agreement. Unless expressly authorized by the Issuer, the Administrator shall have has no authority to act for or represent the Issuer or the Owner Trustee in any way and shall is not otherwise be deemed an agent of the Issuer or the Owner Trustee.
Appears in 3 contracts
Samples: Administration Agreement (Ford Credit Floorplan LLC), Administration Agreement (Ford Credit Auto Receivables LLC), Administration Agreement (Ford Credit Floorplan LLC)
Independence of Administrator. For all purposes of this Administration Agreement, the Administrator shall will be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunderunder this Administration Agreement. Unless expressly authorized by the Issuer, the Administrator shall have has no authority to act for or represent the Issuer or the Owner Trustee in any way and shall is not otherwise be deemed an agent of the Issuer or the Owner Trustee.
Appears in 3 contracts
Samples: Administration Agreement (GMF Floorplan Owner Revolving Trust), Administration Agreement (Nissan Wholesale Receivables Corp Ii), Administration Agreement (Nissan Wholesale Receivables Corp Ii)
Independence of Administrator. For all purposes of this Administration Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereundercontractor. Unless expressly authorized by the IssuerDepositor, the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee Depositor in any way and shall not otherwise be deemed an agent of the Issuer or the Owner TrusteeDepositor.
Appears in 3 contracts
Samples: Administration Agreement (Education Capital I LLC), Administration Agreement (Education Capital I LLC), Administration Agreement (Education Capital I LLC)
Independence of Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the IssuerOwner Trustee, the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (Mellon Premium Finance Loan Owner Trust), Trust Agreement (Mellon Premium Finance Loan Owner Trust)
Independence of Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer Trust or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the IssuerTrust, the Administrator shall have no authority to act for or represent the Issuer Trust or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer Trust or the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (Nissan Auto Leasing LLC Ii), Trust Agreement (Nissan Auto Lease Trust 2004-A)
Independence of Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly set forth herein or expressly authorized by the Issuer, the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.
Appears in 2 contracts
Samples: Administration Agreement (Advanta Business Recievables Corp), Administration Agreement (Advanta Business Recievables Corp)
Independence of Administrator. For all purposes of this Agreement, ----------------------------- the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.
Appears in 2 contracts
Samples: Administration Agreement (Morgan Stanley Abs Capital Ii Inc), Administration Agreement (Spiegel Master Trust)
Independence of Administrator. For all purposes of this Agreement, the The Administrator shall will be an independent contractor and shall will not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunderunder this Agreement. Unless expressly authorized by the Issuer, the Administrator shall will have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall will not otherwise be deemed an agent of the Issuer or the Owner Trustee. Nothing contained in this Agreement will constitute the Administrator and either of the Issuer or the Owner Trustee as members of any partnership, joint venture or other separate entity or impose any liability as such on any of them.
Appears in 2 contracts
Samples: Administration Agreement (Ford Credit Floorplan LLC), Administration Agreement (Ford Credit Floorplan Corp)
Independence of Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Master Owner Trust Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or represent the Issuer or the Master Owner Trust Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Master Owner Trust Trustee.
Appears in 2 contracts
Samples: Administration Agreement (Navistar Financial Dealer Note Master Trust), Administration Agreement (Navistar Financial Dealer Note Master Trust)
Independence of Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuer, the The Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.
Appears in 2 contracts
Samples: Servicing Agreement (Dryrock Issuance Trust), Servicing Agreement (Dryrock Issuance Trust)
Independence of Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.Issuer.β
Appears in 1 contract
Samples: Administration Agreement
Independence of Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner βTrustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.
Appears in 1 contract
Independence of Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer Trust or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the IssuerTrust, the Administrator shall have no authority to act for or represent the Issuer Trust or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer Trust or the Owner Trustee.
Appears in 1 contract
Samples: Administration Agreement (Conseco Finance Credit Card Funding Corp)
Independence of Administrator. For all purposes of this ----------------------------- Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner TrusteeIssuer.
Appears in 1 contract
Independence of Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the IssuerIssuer or the Owner Trustee, as the case may be (including pursuant to the provisions of this Agreement), the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.
Appears in 1 contract
Samples: Deposit and Administration Agreement (Target Credit Card Owner Trust 2005-1)
Independence of Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.obligations
Appears in 1 contract
Samples: Administration Agreement (Atlantic City Electric Transition Funding LLC)
