Independence of Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or represent the Issuer or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.
Independence of Administrator. 12 SECTION 4.6
Independence of Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Note Issuer with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Note Issuer, the Administrator shall have no authority to act for or represent the Note Issuer in any way and shall not otherwise be deemed an agent of the Note Issuer.
Independence of Administrator. 12 Section 4.06 No Joint Venture ......................................... 12 Section 4.07 Other Activities of Administrator ........................ 12 Section 4.08 Termination, Resignation and Removal of Administrator .... 12
Independence of Administrator. 6 SECTION 6
Independence of Administrator. 12 SECTION 4.6 No Joint Ventures................................................12 SECTION 4.7 Other Activites of Adminstrator..................................12 SECTION 4.8 Net Deposits.....................................................12
Independence of Administrator. 15 Section 26. No Joint Venture.............................................................15 Section 27. Other Activities of Administrator............................................15 Section 28. No Petition..................................................................15
Independence of Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of HVF III with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by HVF III (including, for the avoidance of doubt, as authorized in this Agreement, any Related Document or any Series Related Document with respect to any Series of Notes), the Administrator shall have no authority to act for or represent HVF III in any way and shall not otherwise be deemed an agent of HVF III.
