Common use of Independence of the Administrator Clause in Contracts

Independence of the 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 892 contracts

Samples: Issuer Administration Agreement (BMW Vehicle Lease Trust 2024-2), Administration Agreement (GM Financial Automobile Leasing Trust 2024-3), Issuer Administration Agreement (BMW Vehicle Lease Trust 2024-2)

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Independence of the 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 to represent the Issuer or the Owner Trustee in any way (other than as permitted hereunder) and shall not otherwise be deemed an agent of the Issuer or the Owner TrusteeIssuer.

Appears in 357 contracts

Samples: Administration Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Administration Agreement (Capital One Prime Auto Receivables Trust 2024-1), Administration Agreement (Santander Drive Auto Receivables Trust 2024-5)

Independence of the 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 Issuer, the Owner Trustee or the Owner Indenture Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the IssuerIssuer hereunder or otherwise, the Administrator shall have no authority to act for or represent the Issuer or Issuer, the Owner Trustee in any way or the Indenture Trustee, and shall not otherwise be or be deemed an agent of the Issuer Issuer, the Owner Trustee or the Owner Indenture Trustee.

Appears in 228 contracts

Samples: Administration Agreement (Nissan Auto Receivables 2024-B Owner Trust), Administration Agreement (Nissan Auto Receivables 2024-B Owner Trust), Administration Agreement (Toyota Auto Receivables 2024-D Owner Trust)

Independence of the 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 227 contracts

Samples: Administration Agreement (Ally Auto Receivables Trust 2024-2), Administration Agreement (Ally Auto Receivables Trust 2024-2), Administration Agreement (Ally Auto Receivables Trust 2024-1)

Independence of the 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 Eligible Lender 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 Eligible Lender Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Eligible Lender Trustee.

Appears in 109 contracts

Samples: Administration Agreement (Navient Student Loan Trust 2014-1), Administration Agreement (SLM Student Loan Trust 2014-2), Administration Agreement (SLM Student Loan Trust 2014-1)

Independence of the 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 (other than as permitted hereunder) and shall not otherwise be deemed an agent of the Issuer Issuing Entity or the Owner Trustee.

Appears in 98 contracts

Samples: Administration Agreement (CNH Equipment Trust 2024-C), Administration Agreement (CNH Equipment Trust 2024-C), Administration Agreement (CNH Equipment Trust 2024-B)

Independence of the 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 hereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority authority, and shall not hold itself out as having the 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 94 contracts

Samples: Administration Agreement (Virginia Power Fuel Securitization, LLC), Administration Agreement (Virginia Power Fuel Securitization, LLC), Administration Agreement (Virginia Power Fuel Securitization, LLC)

Independence of the Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and and, except as set forth herein, 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 53 contracts

Samples: Administration Agreement (John Deere Owner Trust 2024-B), Administration Agreement (John Deere Owner Trust 2024), Administration Agreement (John Deere Owner Trust 2024)

Independence of the 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 to represent the Issuer or the Owner Trustee Issuing Entity in any way (other than as permitted hereunder) and shall not otherwise be deemed an agent of the Issuer or the Owner TrusteeIssuing Entity.

Appears in 33 contracts

Samples: Administration Agreement (World Omni LT), Administration Agreement (World Omni LT), Administration Agreement (World Omni LT)

Independence of the 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 33 contracts

Samples: Administration Agreement (Ford Credit Auto Owner Trust 2014-A), Administration Agreement (Ford Credit Auto Owner Trust 2014-A), Administration Agreement (Ford Credit Auto Owner Trust 2013-D)

Independence of the 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 (other than as permitted hereunder) and shall not otherwise be deemed an agent of the Issuer or the Owner TrusteeIssuer.

Appears in 32 contracts

Samples: Administration Agreement (GE TF Trust), Administration Agreement (GE TF Trust), Administration Agreement (GE Equipment Midticket LLC, Series 2012-1)

Independence of the 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 (other than as permitted hereunder) and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.

Appears in 21 contracts

Samples: Administration Agreement (CNH Capital Receivables Inc), Administration Agreement (CNH Capital Receivables LLC), Administration Agreement (CNH Equipment Trust 2005-A)

Independence of the 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 16 contracts

Samples: Administration Agreement (Superior Wholesale Inventory Financing Trust Xi), Administration Agreement (Superior Wholesale Inventory Financing Trust Ix), Administration Agreement (Wholesale Auto Receivables Corp)

Independence of the 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 16 contracts

Samples: Administration Agreement, Administration Agreement (SLM Private Credit Student Loan Trust 2005-A), Administration Agreement (SLM Private Credit Student Loan Trust 2005-B)

Independence of the 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 either Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly set forth herein or otherwise authorized by the IssuerIssuer or the related Trustee, the Administrator shall have no authority to act for or represent the Issuer or the Owner either Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner either Trustee.

Appears in 11 contracts

Samples: Administration Agreement (California Republic Funding LLC), Administration Agreement (California Republic Auto Receivables Trust 2018-1), Administration Agreement (California Republic Auto Receivables Trust 2018-1)

Independence of the 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 Grantor Trust with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the IssuerIssuer or the Grantor Trust, the Administrator shall have no authority to act for or to represent the Issuer or the Owner Trustee Grantor Trust in any way (other than as permitted hereunder) and shall not otherwise be deemed an agent of the Issuer or the Owner TrusteeGrantor Trust.

Appears in 10 contracts

Samples: Administration Agreement (Bridgecrest Lending Auto Securitization Trust 2024-4), Administration Agreement (Bridgecrest Lending Auto Securitization Trust 2024-4), Administration Agreement (Bridgecrest Lending Auto Securitization Trust 2024-3)

Independence of the 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 for 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 in this Agreement will make the Administrator and either of the Issuer or the Owner Trustee members of any partnership, joint venture or other separate entity or impose any liability as such on any of them.

Appears in 8 contracts

Samples: Administration Agreement (Ford Credit Auto Owner Trust 2015-B), Administration Agreement (Ford Credit Auto Owner Trust 2015-B), Administration Agreement (Ford Credit Auto Owner Trust 2015-A)

Independence of the 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 hereunder. Unless expressly authorized by the IssuerIssuer or in this Administration Agreement, the Administrator shall have no authority authority, and shall not hold itself out as having the 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 (SIGECO Securitization I, LLC), Administration Agreement (SIGECO Securitization I, LLC), Administration Agreement (Atmos Energy Kansas Securitization I, LLC)

Independence of the Administrator. For all purposes of this Agreement, 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 hereunder. 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.

Appears in 7 contracts

Samples: Administration Agreement (Ford Credit Auto Owner Trust 2005-C), Administration Agreement (Ford Credit Auto Owner Trust 2005-A), Administration Agreement (Ford Credit Auto Receivables Two LLC)

Independence of the 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 or the Basic Documents, the Administrator shall have no authority to act for or to represent the Issuer Issuing Entity or the Owner Trustee in any way (other than as permitted hereunder) and shall not otherwise be deemed an agent of the Issuer Issuing Entity or the Owner Trustee.

Appears in 6 contracts

Samples: Administration Agreement (World Omni Auto Receivables Trust 2024-C), Administration Agreement (World Omni Auto Receivables Trust 2024-C), Administration Agreement (World Omni Select Auto Trust 2024-A)

Independence of the 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 or the Owner Trustee Trust in any way (other than as permitted hereunder) and shall not otherwise be deemed an agent of the Issuer or the Owner TrusteeTrust.

Appears in 5 contracts

Samples: Administration Agreement (Synchrony Card Issuance Trust), Administration Agreement (CDF Funding, Inc.), Administration Agreement (GE Capital Credit Card Master Note Trust)

Independence of the 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 not 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 5 contracts

Samples: Administration Agreement (First Horizon Asset Sec HELOC Notes Ser 2007-He1), Administration Agreement (First Horizon Asset Securities Inc), Administration Agreement (First Horizon Asset Sec HELOC Notes Ser 2006-He2)

Independence of the 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 5 contracts

Samples: Administration Agreement (Ally Wholesale Enterprises LLC), Administration Agreement (Superior Wholesale Inventory Financing Trust 2007-Ae-1), Administration Agreement (Wholesale Auto Receivables Corp)

Independence of the 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, the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee Trustee, respectively, in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.

Appears in 5 contracts

Samples: Administration Agreement, Administration Agreement (Mru Abs Ii LLC), Administration Agreement (National Collegiate Student Loan Trust 2007-1)

Independence of the 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 5 contracts

Samples: Administration Agreement (Bear Stearns Asset Backed Funding Ii Inc), Administration Agreement (First Security Bank Na), Administration Agreement (Navistar Financial Retail Receivables Corporation)

Independence of the 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 Issuer, the Delaware Trustee or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer Issuer, the Delaware Trustee or the Owner Trustee.

Appears in 5 contracts

Samples: Administration Agreement (Cit Equipment Collateral 2002-Vt1), Administration Agreement (NCT Funding Co LLC), Administration Agreement (Cit Equipment Collateral 2003-Vt1)

Independence of the Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and and, except as set forth herein, 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 5 contracts

Samples: Administration Agreement (Deere John Receivables Inc), Administration Agreement (Deere John Receivables Inc), Administration Agreement (Deere John Receivables Inc)

Independence of the 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 Issuer, the Eligible Lender Trustee 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 Issuer, the Eligible Lender Trustee or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer Issuer, the Eligible Lender Trustee or the Owner Trustee.

Appears in 4 contracts

Samples: Administration Agreement (Navient Student Loan Trust 2015-3), Administration Agreement (Navient Student Loan Trust 2015-2), Administration Agreement (Navient Student Loan Trust 2015-1)

Independence of the 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 Owner Trustee, the Administrator shall have no authority to act for or represent the Issuer or Issuer, the Owner Trustee Trustee, respectively, 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, Administration Agreement (National Collegiate Student Loan Trust 2006-2), Administration Agreement (National Collegiate Student Loan Trust 2006-1)

Independence of the 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 in this Agreement or otherwise, the Administrator shall have no authority to act for or represent the Issuer, the Issuer Loan Trustee or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer, the Issuer Loan Trustee or the Owner Trustee.

Appears in 4 contracts

Samples: Administration Agreement (OneMain Financial Holdings, Inc.), Administration Agreement (OneMain Financial Holdings, Inc.), Administration Agreement (OneMain Financial Holdings, Inc.)

Independence of the Administrator. For all purposes of this AgreementSupplement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Eligible Lender 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 Eligible Lender Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Eligible Lender Trustee.

Appears in 4 contracts

Samples: Administration Agreement (SLM Funding LLC), Administration Agreement (SLM Funding LLC), Administration Agreement (SLM Funding LLC)

Independence of the 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 Eligible Lender Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the IssuerIssuer or provided in the Basic Documents, the Administrator shall have no authority to act for or represent the Issuer or the Owner Eligible Lender Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Eligible Lender Trustee.

Appears in 4 contracts

Samples: Transfer and Servicing Agreement (Crestar Securitization LLC), Administration Agreement (PNC Bank National Association/), Administration Agreement (Crestar Bank /Va)

Independence of the 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 (Financial Asset Securities Corp), Administration Agreement (Mitsui Vendor Leasing 1998-1 LLC), Administration Agreement (Auto Nations Receivables Corp)

Independence of the 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 3 contracts

Samples: Administration Agreement (Pheaa Student Loan Trust I), Administration Agreement (SLC Student Loan Asset Backed Notes Series 2002-1), Administration Agreement (Pheaa Student Loan Foundation Inc)

Independence of the 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 applicable, 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: Administration Agreement (Banccap Asset Securization Issuance Corp), Administration Agreement (Finance America Securities LLC), Administration Agreement (Aegis Asset Backed Securities Corp)

Independence of the Administrator. For all purposes of this AgreementUnless otherwise provided in the Transaction Documents, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee SPV with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the IssuerIndenture Trustee, the Administrator shall have no authority to act for or represent the Issuer or the Owner Indenture Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Indenture Trustee.

Appears in 3 contracts

Samples: Administration Agreement (Greyhound Funding LLC), Administration Agreement (Greyhound Funding LLC), Administration Agreement (Fah Co Inc)

Independence of the 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 Master Servicer 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 3 contracts

Samples: Administration Agreement (Bear Stearns Asset Backed Securities Inc), Administration Agreement (Bear Stearns Asset Backed Securities Inc), Administration Agreement (Bear Stearns Asset Backed Sec Inc Irwin Home Eq Lo Tr 2001-2)

Independence of the 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 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 applicable, the Administrator shall have no authority to act for or represent the Issuer or the [Owner Trustee Trustee] in any way and shall not otherwise be deemed an agent of the Issuer Issuer, or the [Owner Trustee].

Appears in 3 contracts

Samples: Administration Agreement (BLG Securities Company, LLC), Administration Agreement (HMB Acceptance Corp.), Administration Agreement (Bayview Financial Securities Co LLC)

Independence of the 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 Issuer, the Owner Trustee or the Owner Eligible Lender 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 Issuer, the Owner Trustee or the Owner Eligible Lender Trustee in any way and shall not otherwise be deemed an agent of the Issuer Issuer, the Owner Trustee or the Owner Eligible Lender Trustee.

Appears in 3 contracts

Samples: Administration Agreement (Key Consumer Receivables LLC), Administration Agreement (KeyCorp Student Loan Trust 2006-A), Administration Agreement (KeyCorp Student Loan Trust 2005-A)

Independence of the 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 hereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority authority, and shall not hold itself out as having the 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 Issuer. The Administrator shall at all times take all steps necessary and appropriate to maintain its own separateness from the Owner TrusteeIssuer.

Appears in 3 contracts

Samples: Administration Agreement (Consumers 2023 Securitization Funding LLC), Administration Agreement (Consumers 2023 Securitization Funding LLC), Administration Agreement (Consumers 2023 Securitization Funding LLC)

Independence of the Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and and, except as set forth herein, 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 3 contracts

Samples: Administration Agreement (John Deere Owner Trust 2024-C), Administration Agreement (John Deere Owner Trust 2024-B), Administration Agreement (John Deere Owner Trust 2023-B)

Independence of the 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 hereunder or otherwise, the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee in any way Trustee, and shall not otherwise be or be deemed an agent of the Issuer or the Owner Trustee.

Appears in 3 contracts

Samples: Administration Agreement (Onyx Acceptance Financial Corp), Administration Agreement (Toyota Motor Credit Corp), Administration Agreement (Toyota Motor Credit Corp)

Independence of the 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 to represent the Issuer or the Owner Trustee in any way (other than as permitted hereunder) and shall not otherwise be deemed an agent of the Issuer. For the avoidance of doubt, the Administrator shall not be deemed an agent of the Issuer or the Owner Trustee.

Appears in 2 contracts

Samples: Administration Agreement (Fifth Third Auto Trust 2023-1), Administration Agreement (Fifth Third Auto Trust 2023-1)

Independence of the 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 Owner Trust Estate 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 (Navistar Financial Retail Receivables Corporation), Administration Agreement (Navistar Financial Retail Receivables Corporation)

Independence of the 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.. 8 (2018-B Owner Trust Administration Agreement)

Appears in 2 contracts

Samples: Owner Trust Administration Agreement (Hyundai Auto Receivables Trust 2018-B), Owner Trust Administration Agreement (Hyundai Auto Receivables Trust 2018-B)

Independence of the Administrator. For all purposes of this Administration Agreement, the Administrator shall be treated as an independent contractor and shall not be subject to the supervision of the Issuer Issuer, its Managers 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 2 contracts

Samples: Administration Agreement (JCP&L Transition Funding II LLC), Administration Agreement (Jcp&l Transition Funding LLC)

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Independence of the Administrator. For all purposes of this Administration Agreement, the Administrator shall be an independent contractor and shall not not, except as explicitly provided herein, 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 authority, and shall not hold itself out as having the 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 2 contracts

Samples: Administration Agreement (Oncor Electric Delivery Transition Bond Co LLC), Administration Agreement (Oncor Electric Delivery Transition Bond Co LLC)

Independence of the 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 Issuer, the Master Servicer 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 Master Servicer, the Administrator shall have no authority to act for or represent the Issuer Issuer, the Master Servicer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer Issuer, the Master Servicer or the Owner Trustee.

Appears in 2 contracts

Samples: Administration Agreement (Merrill Auto Trust Securitization 2007-1), Administration Agreement (Merrill Auto Trust Securitization 2005-1)

Independence of the 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 or the Transaction Documents, the Administrator shall have no authority to act for or to represent the Issuer or the Owner Trustee Issuing Entity in any way (other than as permitted hereunder) and shall not otherwise be deemed an agent of the Issuer or the Owner TrusteeIssuing Entity.

Appears in 2 contracts

Samples: Administration Agreement (World Omni LT), Administration Agreement (World Omni LT)

Independence of the 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 Issuer, Indenture Trustee 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 Issuer, the Indenture Trustee or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer Issuer, the Indenture Trustee or the Owner Trustee.

Appears in 2 contracts

Samples: Administration Agreement (First Investors Financial Services Group Inc), Administration Agreement (First Investors Financial Services Group Inc)

Independence of the 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 Trust 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 or the Owner Trustee Trust in any way (other than as permitted hereunder) and shall not otherwise be deemed an agent of the Issuer or the Owner TrusteeTrust.

Appears in 2 contracts

Samples: Administration Agreement (Synchrony Financial), Administration Agreement (GE Capital Credit Card Master Note Trust)

Independence of the 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 Seller or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuerthis Agreement, the Administrator shall have no authority to act for or represent the Seller, the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Seller, the Issuer or the Owner Trustee.

Appears in 2 contracts

Samples: Administration Agreement (Household Consumer Loan Trust 1997-1), Administration Agreement (Household Consumer Loan Trust 1997-1)

Independence of the 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 2 contracts

Samples: Administration Agreement (FPL Recovery Funding LLC), Administration Agreement (Florida Power & Light Co)

Independence of the 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 2 contracts

Samples: Administration Agreement (Fifth Third Auto Trust 2014-1), Administration Agreement (Fifth Third Auto Trust 2013-1)

Independence of the 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.the

Appears in 1 contract

Samples: Administration Agreement (Detroit Edison Securitization Funding LLC)

Independence of the 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 Seller or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuerthis 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.Seller, the

Appears in 1 contract

Samples: Administration Agreement (Household Consumer Loan Trust 1997-2)

Independence of the 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 1 contract

Samples: Administration Agreement (Volkswagen Dealer Finance LLC)

Independence of the 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 Issuer, the Trustee or the Owner Eligible Lender 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 Issuer, the Trustee or the Owner Eligible Lender Trustee in any way and shall not otherwise be deemed an agent of the Issuer Issuer, the Trustee or the Owner Eligible Lender Trustee.

Appears in 1 contract

Samples: Administration Agreement (Efg Funding Corp)

Independence of the 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 1 contract

Samples: Administration Agreement (USAA Auto Owner Trust 2007-2)

Independence of the Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor contrac- tor and shall not be subject to the supervision of the Issuer Seller or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuerthis Agreement, the Administrator shall have no authority to act for or represent the Seller, the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Seller, the Issuer or the Owner Trustee.

Appears in 1 contract

Samples: Administration Agreement (Household Consumer Loan Trust 1997-2)

Independence of the 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 Issuing Entity 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 to represent the Issuer or the Owner Trustee Issuing Entity in any way (other than as permitted hereunder) and shall not otherwise be deemed an agent of the Issuer or the Owner TrusteeIssuing Entity.

Appears in 1 contract

Samples: Administration Agreement (World Omni Auto Leasing LLC)

Independence of the Administrator. For all purposes of this --------------------------------- Administration Agreement, the Administrator shall be treated as an independent contractor and shall not be subject to the supervision of the Issuer Issuer, its Managers 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

Samples: Administration Agreement (Jcp&l Transition Funding LLC)

Independence of the 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 authority, and shall not hold itself out as having the 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

Samples: Administration Agreement (Reliant Energy Transition Bond Co LLC)

Independence of the 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 otherwise 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

Samples: Administration Agreement (Encore Credit Receivables Trust 2005-3)

Independence of the 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 authority, and shall not hold itself out as having the 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

Samples: Administration Agreement (Reliant Energy Transition Bond Co LLC)

Independence of the 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 (Finova Group Inc)

Independence of the 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 Eligible Lender 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 Eligible Lender Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Eligible Lender Trustee.

Appears in 1 contract

Samples: Administration Agreement (Signet Bank Maryland)

Independence of the 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 Owner Trust Estate 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: Administration Agreement (Navistar Financial Retail Receivables Corporation)

Independence of the 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 herein or 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

Samples: Administration Agreement (Master Financial Asset Securitization Trust 1998-2)

Independence of the 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 Administration Agreement 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

Samples: Administration Agreement (Volkswagen Dealer Finance LLC)

Independence of the 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 Issuer, the Owner Trustee or the Owner Indenture Trustee in any way and shall not otherwise be deemed an agent of the Issuer Issuer, the Owner Trustee or the Owner Indenture Trustee.

Appears in 1 contract

Samples: Administration Agreement (Auto Nations Receivables Corp)

Independence of the 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 1 contract

Samples: Administration Agreement (Conseco Finance Corp)

Independence of the 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 CARAT 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 CARAT Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer Issuing Entity or the CARAT Owner Trustee.

Appears in 1 contract

Samples: Trust Sale and Administration Agreement (Capital Auto Receivables LLC)

Independence of the Administrator. For all purposes of this Administration Agreement, the Administrator shall be treated as an independent contractor and shall not be subject to the supervision of the Issuer Issuer, its Managers 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. NY #569597 v10

Appears in 1 contract

Samples: Administration Agreement (JCP&L Transition Funding II LLC)

Independence of the 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.the

Appears in 1 contract

Samples: Administration Agreement (Detroit Edison Securitization Funding LLC)

Independence of the 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 Eligible Lender Trustee with respect to the manner in which it accomplishes Administration Agreement 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 Eligible Lender Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Eligible Lender Trustee.

Appears in 1 contract

Samples: Administration Agreement (SLM Student Loan Trust 2006-6)

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