Common use of Other Activities of Administrator Clause in Contracts

Other Activities of Administrator. Nothing herein shall prevent the Administrator or its Affiliates from engaging in other businesses or, in its sole discretion, from acting in a similar capacity as an administrator for any other person or entity even though such person or entity may engage in business activities similar to those of the Issuer, the Owner Trustee or the Indenture Trustee. The Administrator and its affiliates may generally engage in any kind of business with any person party to a Related Agreement, any of its affiliates and any person who may do business with or own securities of any such person or any of its affiliates, without any duty to account therefor to the Issuer, the Owner Trustee or the Indenture Trustee.

Appears in 79 contracts

Samples: Owner Trust Administration Agreement (Hyundai Auto Receivables Trust 2024-C), Owner Trust Administration Agreement (Hyundai Auto Receivables Trust 2024-C), Owner Trust Administration Agreement (Hyundai Auto Receivables Trust 2024-B)

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Other Activities of Administrator. (a) Nothing herein shall prevent the Administrator or its Affiliates affiliates from engaging in other businesses or, in its sole discretion, from acting in a similar capacity as an administrator for any other person or entity even though such person or entity may engage in business activities similar to those of the Issuer, the Owner Trustee or the Indenture Trustee. . (b) The Administrator and its affiliates may generally engage in any kind of business with any person party to a Related AgreementBasic Document, any of its affiliates and any person who may do business with or own securities of any such person or any of its affiliates, without any duty to account therefor to the Issuer, the Owner Trustee or the Indenture Trustee.

Appears in 26 contracts

Samples: Deposit and Administration Agreement (Target Credit Card Owner Trust 2005-1), Deposit and Administration Agreement (Chase Credit Card Owner Trust 2002-1), Deposit and Administration Agreement (Chase Manhattan Bank Usa Chase Credit Card Owner Tr 2000-2)

Other Activities of Administrator. (a) Nothing herein shall prevent the Administrator or its Affiliates affiliates from engaging in other businesses or, in its sole discretion, from acting in a similar capacity as an administrator for any other person or entity even though such person or entity may engage in business activities similar to those of the Issuer, the Owner Trustee or the Indenture Trustee. . (b) The Administrator and its affiliates may generally engage in any kind of business with any person party to a Related Agreement, any of its affiliates and any person who may do business with or own securities of any such person or any of its affiliates, without any duty to account therefor to the Issuer, the Owner Trustee or the Indenture Trustee.

Appears in 12 contracts

Samples: Administration Agreement (Chase Auto Owner Trust 2005-A), Administration Agreement (JPMorgan Chase Bank, National Association), Administration Agreement (Chase Auto Owner Trust 2005-B)

Other Activities of Administrator. (a) Nothing herein shall prevent the Administrator or its Affiliates from engaging in other businesses or, in its sole discretion, from acting in a similar capacity as an administrator for any other person or entity even though such person or entity may engage in business activities similar to those of the Issuer, the Owner Trustee Issuer or the Indenture Trustee. . (b) The Administrator and its affiliates Affiliates may generally engage in any kind of business with any person party to a Related AgreementDocument, any of its affiliates Affiliates and any person who may do business with or own securities of any such person or any of its affiliatesAffiliates, without any duty to account therefor to the Issuer, the Owner Trustee Issuer or the Indenture Trustee.

Appears in 4 contracts

Samples: Administration Agreement (Zipcar Inc), Administration Agreement (Zipcar Inc), Administration Agreement (Hertz Global Holdings Inc)

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Other Activities of Administrator. (a) Nothing herein shall prevent the Administrator or its Affiliates affiliates from engaging in other businesses or, in its sole discretion, from acting in a similar capacity as an administrator for any other person or entity even though such person or entity may engage in business activities similar to those of the Issuer, the Owner Trustee or the Indenture Trustee. . (b) The Administrator and its affiliates may generally engage in any kind of business with any person party to a Related AgreementXxxxx Xxxxxxxx, any of its affiliates and any person who may do business with or own securities of any such person or any of its affiliates, without any duty to account therefor to the Issuer, the Owner Trustee or the Indenture Trustee.

Appears in 1 contract

Samples: Deposit and Administration Agreement (Chase Manhattan Bank Usa Chase Credit Card Owner Tr 1999-3)

Other Activities of Administrator. (a) Nothing herein shall prevent the Administrator or its Affiliates from engaging in other businesses or, in its sole discretion, from acting in a similar capacity as an administrator for any other person or entity Person even though such person or entity Person may engage in business activities similar to those of the Issuer, the Owner Trustee or the Indenture Trustee. . (b) The Administrator and its affiliates Affiliates may generally engage in any kind of business with any person Person party to a Related Agreement, any of its affiliates Affiliates and any person Person who may do business with or own securities of any such person Person or any of its affiliatesAffiliates, without any duty to account therefor to the Issuer, the Owner Trustee or the Indenture Trustee.

Appears in 1 contract

Samples: Administration Agreement (Fifth Third Auto Trust 2004-A)

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