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 883 contracts
Samples: Issuer Administration Agreement (BMW Vehicle Lease Trust 2024-2), Gm Financial (GM Financial Automobile Leasing Trust 2024-3), Vehicle Lease (BMW Vehicle Lease Trust 2024-2)
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 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 354 contracts
Samples: Administration Agreement (Drive Auto Receivables Trust 2024-2), Administration Agreement (Drive Auto Receivables Trust 2024-2), Administration Agreement (Santander Drive Auto Receivables Trust 2024-4)
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 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 223 contracts
Samples: Administration Agreement (Toyota Auto Receivables 2024-D Owner Trust), Form of Administration Agreement (Toyota Auto Finance Receivables LLC), Administration Agreement (Toyota Auto Receivables 2024-C 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 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 90 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 30 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 Equipment Trust 2005-B), Administration Agreement (CNH Capital Receivables 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.
Appears in 16 contracts
Samples: Administration Agreement (Volkswagen Credit Auto Master Owner Trust), Administration Agreement (Superior Wholesale Inventory Financing Trust Xii), Administration Agreement (Superior Wholesale Inventory Financing Trust Xi)
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 2007-A), Administration Agreement (SLM Private Credit Student Loan Trust 2006-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: California Republic (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 8 contracts
Samples: Administration Agreement (Bridgecrest Lending Auto Securitization Trust 2024-3), Administration Agreement (Bridgecrest Lending Auto Securitization Trust 2024-3), Administration Agreement (Bridgecrest Lending Auto Securitization Trust 2024-2)
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 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 2004-A), Administration Agreement (Ford Credit Auto Receivables Two LLC)
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 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 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 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 Securities Inc), Administration Agreement (First Horizon Asset Sec HELOC Notes Ser 2007-He1), Administration Agreement (First Horizon Asset Securities 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 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 2004-Vt1), Administration Agreement (Cit Equipment Collateral 2002-Vt1), Administration Agreement (NCT Funding 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 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 (Wholesale Auto Receivables Corp), Administration Agreement (Superior Wholesale Inventory Financing Trust 2007-Ae-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 (Ml Asset Backed Corp), 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 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 (National Collegiate Funding LLC), Administration Agreement (Mru Abs Ii LLC)
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: Master Administration Agreement (SLM Funding LLC), Master Administration Agreement (SLM Funding LLC), Master 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 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 (Auto Nations Receivables Corp), Administration Agreement (Mitsui Vendor Leasing 1998-1 LLC), Administration Agreement (Financial Asset Securities 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 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 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 2006-1), Administration Agreement (National Collegiate Student Loan Trust 2006-3)
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 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 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 4 contracts
Samples: Administration Agreement (Synchrony Card Issuance Trust), Administration Agreement (GE Capital Credit Card Master Note Trust), Administration Agreement (CDF Funding, 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 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. 6.
Appears in 3 contracts
Samples: Administration Agreement (Mmca Auto Receivables Inc), Administration Agreement (Mmca Auto Receivables Inc), Administration Agreement (Mmca Auto 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 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 (KeyCorp Student Loan Trust 2005-A), Administration Agreement (KeyCorp Student Loan Trust 2006-A), Administration Agreement (Key Consumer Receivables 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 TrusteeIssuer.
Appears in 3 contracts
Samples: Administration Agreement (Pheaa Student Loan Trust I), Execution Copy (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 (Aegis Asset Backed Securities Corp), Administration Agreement (Finance America Securities 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 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 (Toyota Motor Credit Corp), Administration Agreement (Toyota Motor Credit Corp), Administration Agreement (Onyx Acceptance Financial Corp)
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 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 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 (Fah Co Inc), Administration Agreement (Greyhound 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 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 or the Owner Trustee Collateral Agent with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the IssuerCollateral Agent, the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee Collateral Agent in any way (other than as permitted hereunder) and shall not otherwise be deemed an agent of the Issuer or the Owner TrusteeCollateral Agent.
Appears in 3 contracts
Samples: Collateral Agent Administration Agreement (GE TF Trust), Administration Agreement (Cef Equipment Holding LLC), Collateral Agent Administration Agreement (GECB Equipment 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 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 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 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 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), Form of 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 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 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 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.Issuer. (GEET 2013-1)
Appears in 2 contracts
Samples: Administration Agreement (GE Equipment Transportation LLC, Series 2013-1), Administration Agreement (GE Equipment Transportation LLC, Series 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 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 IssuerOwner Trustee, the Administrator shall have no authority to act for or represent the Issuer or Owner Trustee (and, regardless of whether authorized by the Owner Trustee Trustee, the Administrator shall have no such authority at all with respect to the Indenture Trustee) in any way and shall not otherwise be deemed an agent of the Issuer Owner Trustee or the Owner Indenture Trustee.
Appears in 2 contracts
Samples: Administration Agreement (M&i Auto Loan Trust 2002-1), Administration Agreement (Bond Securitization 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 2 contracts
Samples: Administration Agreement (JCP&L Transition Funding II LLC), 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 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 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 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 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), Execution Copy (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 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), 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 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.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 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
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 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 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 Trustee.Issuer. (20[ ]-[ ])
Appears in 1 contract
Samples: Administration Agreement (Fifth Third Holdings 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 Trust, the Owner Trustee or the Owner Indenture Trustee with respect to the manner in which it accomplishes the performance of performs its obligations hereunder. Unless Except to the extent expressly set forth herein or otherwise authorized by the IssuerTrust, the Administrator shall not have no any authority to act for or represent the Issuer Trust, the Owner Trustee or the Owner Indenture Trustee in any way and shall not otherwise be deemed an agent of the Issuer Trust or the Owner Indenture Trustee.
Appears in 1 contract
Samples: Administration Agreement (Imperial Credit Commercial Mortgage Acceptance 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 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.obligations
Appears in 1 contract
Samples: Administration Agreement (Fifth Third Auto Trust 2013-1)
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 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 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 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
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 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
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 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 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)
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
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: 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 Trust or the Owner Trustee with respect to the manner in which it accomplishes the performance of its Administration Agreement 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 1 contract
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 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 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 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
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 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)
