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

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, the Underlying TrustOwner Trustee, the Underlying Indenture Trustee or the Owner Trustee Trust Agent 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, the Underlying TrustOwner Trustee, the Underlying Indenture Trustee or the Owner Trustee Trust Agent in any way and shall not otherwise be deemed an agent of the Issuer, the Underlying TrustOwner Trustee, the Underlying Indenture Trustee or the Owner TrusteeTrust Agent.