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