Independence of the Trust Administrator. For all purposes of this Agreement, the Trust 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 Trust 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.
Appears in 26 contracts
Samples: Transfer and Servicing Agreement (New York Mortgage Trust 2005-3), Transfer and Servicing Agreement (Fieldstone Mortgage Investment Trust, Series 2006-2), Custodial Agreement (Aames Mortgage Investment Trust 2006-1)
Independence of the Trust Administrator. For all purposes of this Agreement, the Trust Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer Issuing Entity or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the IssuerIssuing Entity, the Trust Administrator shall have no authority to act for or represent the Issuer Issuing Entity or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer Issuing Entity or the Owner Trustee.
Appears in 2 contracts
Samples: Transfer and Servicing Agreement (SunTrust Mortgage Securitization, LLC), Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP)
Independence of the Trust Administrator. For all purposes of this Agreement, the Trust Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer Issuing Entity or the CARAT Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the IssuerIssuing Entity, the Trust Administrator shall have no authority to act for or represent the Issuer Issuing Entity or the CARAT Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer Issuing Entity or the CARAT Owner Trustee.
Appears in 2 contracts
Samples: Trust Sale and Administration Agreement (Central Originating Lease Trust), Trust Sale and Administration Agreement (Central Originating Lease Trust)
Independence of the Trust Administrator. For all purposes of this Agreement, the Trust Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer Issuer, the Depositor 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 Trust 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.
Appears in 2 contracts
Samples: Administration Agreement (New York Mortgage Trust 2005-2), Administration Agreement (Greenwich Capital Acceptance, Inc New York Mortgage Trust 2005-1)
Independence of the Trust Administrator. For all purposes of this Agreement, the Trust 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 Trust Administrator shall have no authority to act for or represent the Issuer or the 124 Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.
Appears in 1 contract
Samples: Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP)
Independence of the Trust Administrator. For all purposes of this Agreement, the Trust 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 Trust Administrator shall have no authority to act for or represent the Issuer or the 119 Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.
Appears in 1 contract
Independence of the Trust Administrator. For all purposes of this Agreement, the Trust 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 Trust Administrator shall have no authority to act for or represent the Issuer Issuer, the Owner Trustee or the Owner Indenture Trustee in any way and shall not otherwise be deemed an agent of the Issuer Issuer, the Owner Trustee or the Owner Indenture Trustee.
Appears in 1 contract
Samples: Administration Agreement (A I Receivables Transfer Corp)
