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) Subject to Sections 9(e) and (f), the Administrator may resign its duties hereunder by providing the Issuer with at least 60 days’ prior written notice. (c) Subject to Sections 9(e) and (f), the Issuer may remove the Administrator without cause by providing the Administrator with at least 60 days’ prior written notice. (d) Subject to Sections 9(e) and (f), at the sole option of the Issuer, the Administrator may be removed immediately upon written notice of termination from the Issuer to the Administrator if any of the following events shall occur:

Appears in 2 contracts

Samples: Owner Trust Administration Agreement (Hyundai Abs Funding LLC), Owner Trust Administration Agreement (Hyundai Abs Funding LLC)

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Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution termination of the Issuer, upon which event this Agreement shall automatically terminate. (b) Subject to Sections 9(e) and (fSection 10(e), the Administrator may give notice of its intent to resign its duties hereunder by providing the Issuer with at least 60 sixty (60) days' prior written notice. (c) Subject to Sections 9(e) and (fSection 10(e), the Issuer may remove the Administrator without cause by providing the Administrator with at least 60 sixty (60) days' prior written notice. (d) Subject to Sections 9(e) and (fSection 10(e), at the sole option of the Issuer, the Administrator may be removed immediately upon written notice of termination from the Issuer to the Administrator if any of the following events shall occur: (i) the Administrator shall default in the performance of any of its duties under this Agreement and, after notice from the Issuer of such default, shall not cure such default within ten

Appears in 1 contract

Samples: Administration Agreement (Capital Auto Receivables Asset Trust 2004-2)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution termination of the Issuer, upon which event this Agreement shall automatically terminate. (b) Subject to Sections 9(e1.09(e) and (f), the Administrator may resign its duties hereunder by providing the Issuer with at least 60 days, prior written notice. (c) Subject to Sections 9(e1.09(e) and (f), the Issuer may remove the Administrator without cause by providing the Administrator with at least 60 days, prior written notice. (d) Subject to Sections 9(e1.09(e) and (f), at the sole option of the Issuer, the Administrator may be removed immediately upon written notice of termination from the Issuer to the Administrator if any of the following events shall occur:

Appears in 1 contract

Samples: Master Indenture (Bon Ton Stores Inc)

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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. (ba) Subject to Sections 9(e) and (fSection 8(e), the Administrator may resign its duties hereunder by providing the Issuer with at least 60 days' prior written notice. (cb) Subject to Sections 9(e) and (fSection 8(e), the Issuer may remove the Administrator without cause by providing the Administrator with at least 60 days' prior written notice. (dc) Subject to Sections 9(e) and (fSection 8(e), at the sole option of the Issuer, the Administrator may be removed immediately upon written notice of termination from the Issuer to the Administrator if any of the following events shall occur: (i) the Administrator shall default in the performance of any of its duties under this Agreement and, after notice of such default, shall not cure such default within

Appears in 1 contract

Samples: Administration Agreement (WFS Receivables Corp)

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