Common use of Term of Agreement; Resignation and Removal of Administrator Clause in Contracts

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution of the Issuer, upon which event this Agreement shall automatically terminate. (b) The provisions of Article VI and Article VIII of the Sale and Servicing Agreement relating to the resignation or removal of the Administrator and the failure of the Administrator to perform its duties under this Agreement or under the Sale and Servicing Agreement are hereby incorporated by reference herein.

Appears in 8 contracts

Samples: Administration Agreement (Keycorp Student Loan Trust 2003-A), Administration Agreement (Keycorp Student Loan Trust 2000-A), Administration Agreement (Keycorp Student Loan Trust 2002-A)

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Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution of the Issuer, upon which event this Agreement shall automatically terminate. (b) The provisions of Article VI and Article VIII of the Sale and Servicing Agreement relating to the liability and the limitations thereon of the Administrator, the resignation or removal of the Administrator and the failure of the Administrator to perform its duties under this Agreement or under the Sale and Servicing Agreement are hereby incorporated by reference herein.

Appears in 3 contracts

Samples: Administration Agreement (KeyCorp Student Loan Trust 2006-A), Administration Agreement (KeyCorp Student Loan Trust 2005-A), Administration Agreement (Key Consumer Receivables LLC)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution of the Issuer, upon which event this Agreement shall automatically terminate. (b) The provisions of Article VI and Article VIII of the Sale and Servicing Agreement relating to the resignation or removal of the Administrator and the failure of the Administrator to perform its duties under this Agreement or under the Sale and Servicing Agreement are hereby incorporated by reference herein.

Appears in 3 contracts

Samples: Administration Agreement (Key Bank Usa National Association), Administration Agreement (Mellon Bank N A), Administration Agreement (Key Bank Usa National Association)

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Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution of the Issuer, upon which event this Agreement shall automatically terminate. (b) The provisions of Article VI VII and Article VIII of the Sale and Servicing Agreement relating to the resignation or removal of the Administrator and the failure of the Administrator to perform its duties under this Agreement or under the Sale and Servicing Agreement are hereby incorporated by reference herein.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Transworld Insurance Co)

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