No Duty to Segregate Funds; No Liability for Interest. Subject to Sections 2.1(d), 2.8, 4.1(e) and 4.4, the Administrator is not required to segregate funds received under this Agreement in any manner except to the extent required by applicable law (including Section 18-215 of the Act) and the related Servicing Agreement and may deposit such funds under such general conditions as may be prescribed by applicable law. The Administrator will not be liable to the Company, any Series or any other Person bound by this Agreement for any interest or net investment earnings on any such funds.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Nissan Auto Leasing LLC Ii), Limited Liability Company Agreement (Nissan Auto Leasing LLC Ii), Limited Liability Company Agreement (Nissan Auto Leasing LLC Ii)
