Common use of Updating List of Responsible Persons Clause in Contracts

Updating List of Responsible Persons. On or before the Closing Date, the Administrator will notify the Owner Trustee, the Delaware Trustee, the Indenture Trustee, the Titling Companies, the Servicer, the Holding Companies and the Depositor of each Person who is a Responsible Person for the Administrator. The Administrator may change such Persons by notifying the Owner Trustee, the Delaware Trustee, the Indenture Trustee, the Titling Companies, the Servicer, the Holding Companies and the Depositor.