Common use of Independence of the Administrator Clause in Contracts

Independence of the Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuing Entity, the Grantor Trust, the Grantor Trust Trustee or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuing Entity or the Grantor Trust, the Administrator shall have no authority to act for or represent the Issuing Entity, the Grantor Trust, the Grantor Trust Trustee or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuing Entity, the Grantor Trust, the Grantor Trust Trustee or the Owner Trustee.

Independence of the Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuing Entity, [,] [or] the Grantor TrustOwner Trustee[, the Grantor Trust Trustee or the Owner Trustee Grantor Trust Trustee] with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuing Entity [or the Grantor Trust, as applicable], the Administrator shall have no authority to act for or represent the Issuing Entity, [,] [or] the Grantor TrustOwner Trustee[, the Grantor Trust Trustee or the Owner Trustee Grantor Trust Trustee] in any way and shall not otherwise be deemed an agent of the Issuing Entity, [,] [or] the Grantor TrustOwner Trustee[, the Grantor Trust Trustee or the Owner Grantor Trust Trustee].

Independence of the Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuing Entity[, the Grantor Trust, the Grantor Trust Trustee Trustee] or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuing Entity [or the Grantor Trust], the Administrator shall have no authority to act for or represent the Issuing Entity[, the Grantor Trust, the Grantor Trust Trustee Trustee] or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuing Entity[, the Grantor Trust, the Grantor Trust Trustee Trustee] or the Owner Trustee.