Common use of Resignation and Removal of the Administrator Clause in Contracts

Resignation and Removal of the Administrator. (a) Subject to Section 5.2(a), the Administrator may resign its duties under this Agreement by providing the Issuer, the Owner Trustee and the Indenture Trustee with at least 60 days’ prior notice.

Appears in 32 contracts

Samples: Administration Agreement (Ford Credit Floorplan LLC), Administration Agreement (Ford Credit Auto Owner Trust 2015-B), Administration Agreement (Ford Credit Auto Owner Trust 2015-B)

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Resignation and Removal of the Administrator. (a) Subject to Section 5.2(a), the Administrator may resign its duties under this Agreement by providing the Issuer, the Owner Trustee and the Indenture Trustee with at least 60 days' prior notice.

Appears in 13 contracts

Samples: Administration Agreement (Ford Credit Auto Owner Trust 2010-B), Administration Agreement (Ford Credit Auto Owner Trust 2010-A), Administration Agreement (Ford Credit Auto Owner Trust 2009-B)

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