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 VII and Article VIII of the Transfer 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 are hereby incorporated by reference herein.
Appears in 3 contracts
Samples: Administration Agreement (Crestar Bank /Va), Administration Agreement (PNC Bank National Association/), Administration Agreement (Crestar Bank /Va)
Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution of the IssuerOwner Trustee, upon which event this Agreement shall automatically terminate.
(b) The provisions of Article VII and Article VIII of the Transfer 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 are hereby incorporated by reference herein.
Appears in 3 contracts
Samples: Administration Agreement (Capital One Auto Finance Trust 2002-A), Administration Agreement (Capital One Auto Receivables LLC), Administration Agreement (Capital One Auto Finance Trust 2002-C)
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 VII and Article VIII of the Transfer 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 are hereby incorporated by reference herein.
Appears in 2 contracts
Samples: Administration Agreement (Lehman Brothers Asset Securitization LLC), Administration Agreement (Capital One Auto Receivables LLC)
Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution termination of the IssuerIssuer in accordance with Section 9.1 of the Trust Agreement, upon which event this Agreement shall automatically terminate.
(b) The provisions of Article VII and Article VIII of the Transfer 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 are hereby incorporated by reference herein.
Appears in 2 contracts
Samples: Administration Agreement (Ford Credit Auto Receivables Two L P), Administration Agreement (Ford Credit Auto Receivables Two L P)
Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in full force and effect until the dissolution of the Issuer, upon which event this Agreement shall automatically terminate.
(b) The provisions of Article VII and Article VIII of the Transfer 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 are hereby incorporated by reference herein.
Appears in 2 contracts
Samples: Administration Agreement (Carmax Auto Funding LLC), Administration Agreement (Carmax Auto Funding LLC)
Term of Agreement; Resignation and Removal of Administrator. (a0a) This Agreement shall continue in force until the dissolution termination of the IssuerIssuer in accordance with Section 9.1 of the Trust Agreement, upon which event this Agreement shall automatically terminate.
(b) The provisions of Article VII and Article VIII of the Transfer 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 are hereby incorporated by reference herein.
Appears in 1 contract
Samples: Administration Agreement (Ford Credit Auto Receivables Two L P)
Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution termination of the IssuerBase Indenture and the Related Documents, in each case to the extent related to the Indenture Collateral or the Note Obligations and the Series Related Documents with respect to each Series of Notes, in the case of any of the foregoing, in accordance with their respective terms and the payment in full of all obligations owing thereunder, upon which event this Agreement shall automatically terminate.
(b) The provisions of Article VII and Article VIII of the Transfer and Servicing Agreement relating Subject to the resignation or removal of the Administrator and the failure of the Administrator to perform its duties under this Agreement are hereby incorporated by reference herein.Section 9(d) (
Appears in 1 contract
