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, notwithstanding its affiliation with the Issuer, shall not be subject to the supervision of the Issuer, the Eligible Lender Trustee or the Delaware Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Eligible Lender Trustee or the Delaware Trustee, the Administrator shall have no authority to act for or represent the Issuer, the Eligible Lender Trustee or the Delaware Trustee in any way and shall not otherwise be deemed an agent of the Issuer, the Eligible Lender Trustee or the Delaware Trustee.

Appears in 5 contracts

Samples: Administration Agreement (Collegiate Funding Services Education Loan Trust 2004-A), Administration Agreement (Collegiate Funding Services Education Loan Trust 2003-A), Administration Agreement (Collegiate Funding of Delaware LLC)

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

Appears in 2 contracts

Samples: Administration Agreement (Toyota Auto Receivables 2011-a Owner Trust), Administration Agreement (Toyota Auto Receivables 2011-a Owner Trust)

Independence of the Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and, notwithstanding its affiliation with the Issuer, and shall not be subject to the supervision of the Issuer, the Eligible Lender Trustee Owner Trustee[, the Delaware Trustee] or the Delaware Indenture Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Eligible Lender Trustee Issuer hereunder or the Delaware Trusteeotherwise, the Administrator shall have no authority to act for or represent the Issuer, the Eligible Lender Trustee Owner Trustee[, the Delaware Trustee] or the Delaware Trustee in any way Indenture Trustee, and shall not otherwise be or be deemed an agent of the Issuer, the Eligible Lender Trustee or Owner Trustee[, the Delaware Trustee] or the Indenture Trustee.

Appears in 2 contracts

Samples: Administration Agreement (Toyota Lease Trust), Administration Agreement (Toyota Lease Trust)

Independence of the Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and, notwithstanding its affiliation with the Issuer, and shall not be subject to the supervision of the Issuer, the Indenture Trustee, the Eligible Lender Trustee or the Delaware Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Indenture Trustee, the Eligible Lender Trustee or the Delaware TrusteeTrustee or unless otherwise provided in this Agreement, the Administrator shall have no authority to act for or represent the Issuer, the Indenture Trustee, the Eligible Lender Trustee or the Delaware Trustee in any way and shall not otherwise be deemed an agent of the Issuer, the Indenture Trustee, the Eligible Lender Trustee or the Delaware Trustee.

Appears in 1 contract

Samples: Administration Agreement (Goal Capital Funding, LLC)

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Independence of the Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and, notwithstanding its affiliation with the Issuer, and shall not be subject to the supervision of the Issuer, the Eligible Lender Trustee or the Delaware Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Eligible Lender Trustee or the Delaware TrusteeTrustee or unless otherwise provided in this Agreement, the Administrator shall have no authority to act for or represent the Issuer, the Eligible Lender Trustee or the Delaware Trustee in any way and shall not otherwise be deemed an agent of the Issuer, the Eligible Lender Trustee or the Delaware Trustee.

Appears in 1 contract

Samples: Administration Agreement (Goal Capital Funding, LLC)

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