Common use of Term of Agreement; Resignation and Removal of Administrator Clause in Contracts

Term of Agreement; Resignation and Removal of Administrator. This Agreement shall continue in force until the dissolution of the Issuer, upon which event this Agreement shall automatically terminate.

Appears in 338 contracts

Samples: Issuer Administration Agreement (BMW Vehicle Lease Trust 2024-1), Vehicle Lease Trust (BMW Vehicle Lease Trust 2024-1), Issuer Administration Agreement (BMW Vehicle Lease Trust 2023-2)

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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.

Appears in 295 contracts

Samples: Owner Trust Administration Agreement (Hyundai Auto Receivables Trust 2024-A), Owner Trust Administration Agreement (Hyundai Auto Receivables Trust 2024-A), Owner Trust Administration Agreement (Hyundai Auto Receivables Trust 2023-C)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution termination of the IssuerIssuing Entity, upon which event this Agreement shall automatically terminate.

Appears in 152 contracts

Samples: Administration Agreement (Ally Auto Receivables Trust 2024-1), Administration Agreement (Ally Auto Receivables Trust 2024-1), Administration Agreement (Ally Auto Receivables Trust 2023-1)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in full force and effect until the dissolution of the Issuer, upon which event this Agreement shall automatically terminate.

Appears in 114 contracts

Samples: Administration Agreement (CarMax Auto Owner Trust 2024-2), Administration Agreement (Carmax Auto Funding LLC), Administration Agreement (CarMax Auto Owner Trust 2024-1)

Term of Agreement; Resignation and Removal of Administrator. This Agreement shall continue in force until the dissolution of the IssuerIssuing Entity, upon which event this Agreement shall automatically terminate.

Appears in 95 contracts

Samples: Administration Agreement (World Omni Auto Receivables Trust 2024-A), Administration Agreement (World Omni Auto Receivables Trust 2024-A), Administration Agreement (World Omni Auto Receivables Trust 2023-D)

Term of Agreement; Resignation and Removal of Administrator. This Agreement shall continue in force until the dissolution termination of the Issuer, upon which event this Agreement shall automatically terminate.

Appears in 73 contracts

Samples: Administration Agreement (Harley-Davidson Motorcycle Trust 2023-B), Administration Agreement (Harley-Davidson Motorcycle Trust 2023-B), Administration Agreement (Harley-Davidson Motorcycle Trust 2023-A)

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, except for Sections 1(a)(ii), 1(a)(iii) and 21 hereof, which shall each survive termination of this Agreement.

Appears in 63 contracts

Samples: Administration Agreement (Toyota Auto Receivables 2024-B Owner Trust), Administration Agreement (Toyota Auto Receivables 2024-a Owner Trust), Administration Agreement (Toyota Auto Receivables 2024-a Owner Trust)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution termination of the IssuerTrust Agreement in accordance with its terms, upon which event this Agreement shall automatically terminate.

Appears in 38 contracts

Samples: Administration Agreement (OneMain Financial Holdings, Inc.), Administration Agreement (OneMain Financial Holdings, Inc.), Administration Agreement (OneMain Financial Holdings, Inc.)

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, except for Sections 1(a)(ii)(C), 1(a)(ii)(D), 1(a)(ii)(G) and 21 hereof, which shall each survive termination of this Agreement.

Appears in 38 contracts

Samples: Administration Agreement (Toyota Auto Receivables 2016-B Owner Trust), Administration Agreement (Toyota Auto Receivables 2016-B Owner Trust), Administration Agreement (Toyota Auto Receivables 2016-a Owner Trust)

Term of Agreement; Resignation and Removal of Administrator. This Agreement shall continue in force until (i) the dissolution termination of the IssuerIssuer and (ii) the satisfaction and discharge of the Indenture in accordance with Section 4.1 of the Indenture, upon which event this Agreement shall automatically terminate.

Appears in 28 contracts

Samples: Administration Agreement (Target Credit Card Owner Trust 2005-1), Administration Agreement (Chase Credit Card Master Trust), Administration Agreement (Chase Credit Card Master Trust)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution termination of the IssuerIssuer in accordance with Section 8.1 of the Trust Agreement, upon which event this Agreement shall automatically terminate.

Appears in 25 contracts

Samples: Administration Agreement (USAA Auto Owner Trust 2007-1), Administration Agreement (USAA Auto Owner Trust 2007-2), Administration Agreement (USAA Auto Owner Trust 2008-1)

Term of Agreement; Resignation and Removal of Administrator. This Agreement shall continue in force until the dissolution termination of the IssuerTrust Agreement, upon which event this Agreement shall automatically terminate.

Appears in 21 contracts

Samples: Administration Agreement (CIT Equipment Collateral 2006-Vt1), Administration Agreement (Cit Equipment Collateral 2006-Vt2), Administration Agreement (Cit Funding Co, LLC)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution termination of the IssuerIssuer in accordance with Section 9.1 of the Trust Agreement, upon which event this Agreement shall automatically terminate.

Appears in 20 contracts

Samples: Administration Agreement (Ford Credit Auto Receivables Two L P), Administration Agreement (Ford Motor Credit Co), Administration Agreement (Ford Credit Auto Receivables Two LLC)

Term of Agreement; Resignation and Removal of Administrator. (a) This Administration Agreement shall continue in force until the dissolution payment in full of the IssuerRecovery Bonds and any other amount which may become due and payable under the Indenture, upon which event this Administration Agreement shall automatically terminate.

Appears in 19 contracts

Samples: Administration Agreement (PG&E Recovery Funding LLC), Administration Agreement (SCE Recovery Funding LLC), Administration Agreement (SCE Recovery Funding LLC)

Term of Agreement; Resignation and Removal of Administrator. (a) This Administration Agreement shall continue in force until the dissolution payment in full of the IssuerTransition Bonds and any other amount which may become due and payable under the Indenture, upon which event this Administration Agreement shall automatically terminate.

Appears in 14 contracts

Samples: Administration Agreement (AEP Transition Funding III LLC), Administration Agreement (AEP Transition Funding III LLC), Administration Agreement (CenterPoint Energy Transition Bond Co IV, LLC)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution of the IssuerIssuing Entity, upon which event this Agreement shall automatically terminate.

Appears in 11 contracts

Samples: Administration Agreement (Caterpillar Financial Asset Trust 2006-A), Administration Agreement (Caterpillar Financial Asset Trust 2008-A), Administration Agreement (Caterpillar Financial Funding Corp)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution termination of the IssuerSale and Servicing Agreement, upon which event when this Agreement shall automatically terminate.

Appears in 8 contracts

Samples: Administration Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-G), Administration Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-D), Administration Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-E)

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.

Appears in 7 contracts

Samples: Administration Agreement (First National Funding LLC), Administration Agreement (First National Funding LLC), Administration Agreement (First National Master Note Trust)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall will continue in force until the dissolution termination of the IssuerIssuer in accordance with Section 9.1 of the Trust Agreement, upon which event this Agreement shall will automatically terminate.

Appears in 6 contracts

Samples: Administration Agreement (Ford Credit Auto Owner Trust 2004-A), Administration Agreement (Ford Credit Auto Receivables Two LLC), Administration Agreement (Ford Credit Auto Receivables Two LLC)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the termination of the Trust Agreement in accordance with its terms and the dissolution of the IssuerTrust, upon which event this Agreement shall automatically terminate.

Appears in 5 contracts

Samples: Administration Agreement (First Horizon Asset Securities Inc), Administration Agreement (First Horizon Asset Sec HELOC Notes Ser 2007-He1), Administration Agreement (First Horizon Asset Sec HELOC Notes Ser 2006-He1)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution termination of the IssuerTrust Agreement in accordance with the terms thereof, upon which event this Agreement shall automatically terminate.

Appears in 4 contracts

Samples: Administration Agreement (Peoples Choice Home Loan Securities Trust Series 2005-2), Administration Agreement (Peoples Choice Home Loan Securities Trust Series 2005-4), Administration Agreement (Peoples Choice Home Loan Securities Corp)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution of the IssuerTrust, upon which event this Agreement shall automatically terminate.

Appears in 4 contracts

Samples: Administration Agreement (MortgageIT Holdings, Inc.), Administration Agreement (M&i Auto Loan Trust 2002-1), Administration Agreement (M&i Dealer Auto Securitization LLC)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution termination of the IssuerTrust, upon which event this Agreement shall automatically terminate.

Appears in 4 contracts

Samples: Administration Agreement (First Marblehead Corp), Administration Agreement (First Marblehead Corp), Administration Agreement (M&i Dealer Auto Securitization LLC)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution termination of the IssuerTrust Agreement, upon which event this Agreement shall automatically terminate.

Appears in 3 contracts

Samples: Administration Agreement (Navistar Financial Retail Receivables Corporation), Administration Agreement (Navistar Financial Retail Receivables Corporation), Navistar Financial Retail Receivables Corporation

Term of Agreement; Resignation and Removal of Administrator. (b) This Agreement shall continue in force until the dissolution of the IssuerOwner Trustee, upon which event this Agreement shall automatically terminate.

Appears in 3 contracts

Samples: Administration Agreement (Capital One Auto Finance Trust 2002-C), Administration Agreement (Capital One Auto Finance Trust 2002-A), Administration Agreement (Capital One Auto Receivables LLC)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution of the IssuerIssuer and the payment in full of the Notes under the Indenture, upon which event this Agreement shall automatically terminate.

Appears in 3 contracts

Samples: Administration Agreement (National Collegiate Student Loan Trust 2007-2), Administration Agreement (National Collegiate Student Loan Trust 2007-4), Administration Agreement (National Collegiate Student Loan Trust 2007-3)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution termination of the IssuerIssuer in accordance with Section 9.01 of the Trust Agreement, upon which event this Agreement shall automatically terminate.

Appears in 3 contracts

Samples: Administration Agreement (Merrill Auto Trust Securitization 2008-1), Administration Agreement (Merrill Auto Trust Securitization 2007-1), Administration Agreement (Merrill Auto Trust Securitization 2005-1)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall will continue in force until the dissolution termination of the Issuerlegal existence of the Issuer in accordance with Section 8.01 of the Trust Agreement, upon which event this Agreement shall will automatically terminate.

Appears in 3 contracts

Samples: Administration Agreement (Ford Credit Floorplan LLC), Administration Agreement (Ford Credit Auto Receivables LLC), Administration Agreement (Ford Credit Floorplan LLC)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution of the IssuerOwner Trustee, upon which event this Agreement shall automatically terminate.

Appears in 2 contracts

Samples: Administration Agreement (Capital One Auto Receivables Trust 2001-B), Administration Agreement (Capital One Auto Receivables 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 IssuerTrust Agreement, upon which event this Agreement shall automatically terminate.

Appears in 2 contracts

Samples: Administration Agreement (Trans Leasing International Inc), Tl Lease Funding Corp Iv

Term of Agreement; Resignation and Removal of Administrator. This Agreement shall continue in force until the dissolution of the Issuer, upon which event this Agreement shall automatically terminateterminate.(a)Subject to Sections 1.9(d) and (e), the Administrator may resign its duties hereunder by providing the Issuer with at least 60 days’ prior written notice.

Appears in 2 contracts

Samples: Vehicle Lease Trust 2022 (BMW Vehicle Lease Trust 2022-1), Vehicle Lease Trust 2022 (BMW Vehicle Lease Trust 2022-1)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in full force and effect until the dissolution termination of the Issuer, upon which event this Agreement shall automatically terminate.

Appears in 2 contracts

Samples: Administration Agreement (First Investors Financial Services Group Inc), Administration Agreement (First Investors Financial Services Group Inc)

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 Section 8(e), the Administrator may resign its duties hereunder by providing the Issuer with at least 60 days' prior written notice.

Appears in 1 contract

Samples: Administration Agreement (Deutsche Recreational Asset Funding Corp)

Term of Agreement; Resignation and Removal of Administrator. (0a) This Agreement shall continue in force until the dissolution termination of the IssuerIssuer in accordance with Section 9.1 of the Trust Agreement, upon which event this Agreement shall automatically terminate.

Appears in 1 contract

Samples: Administration Agreement (Ford Credit Auto Receivables Two L P)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution dissolution, liquidation or other termination of the IssuerTrust, upon which event this Agreement shall automatically terminate.

Appears in 1 contract

Samples: Administration Agreement (Imperial Credit Commercial Mortgage Acceptance Corp)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution termination of the IssuerBase Indenture and the Related Documents, in each case to the extent related to the Indenture Collateral or the Note Obligations and the Series Related Documents with respect to each Series of Notes, in the case of any of the foregoing, in accordance with their respective terms and the payment in full of all obligations owing thereunder, upon which event this Agreement shall automatically terminate.

Appears in 1 contract

Samples: Administration Agreement (Hertz Corp)

Term of Agreement; Resignation and Removal of Administrator. (a) ----------------------------------------------------------- This Agreement shall continue in force until the dissolution termination of the IssuerIssuer in accordance with Section 8.1 of the Trust Agreement, upon which event this Agreement shall automatically terminate.

Appears in 1 contract

Samples: Administration Agreement (Bear Stearns Asset Backed Funding Ii Inc)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution termination of the IssuerIndenture and the Related Documents (other than any Related Documents solely to any Segregated Series of Notes), in each case to the extent related to the Collateral or the Note Obligations, in accordance with their respective terms and the payment in full of all obligations owing thereunder, upon which event this Agreement shall automatically terminate.

Appears in 1 contract

Samples: Administration Agreement (Hertz Global Holdings Inc)

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.

Appears in 1 contract

Samples: Administration Agreement (Conseco Finance Corp)

Term of Agreement; Resignation and Removal of Administrator. (a) This Administration Agreement shall continue in force until the dissolution dissolution, liquidation or other termination of the IssuerTrust, upon which event this Administration Agreement shall automatically terminate.

Appears in 1 contract

Samples: Administration Agreement (Collateralized Mortgage Bonds Series 1999 1)

Term of Agreement; Resignation and Removal of Administrator. This Agreement shall continue in force until the dissolution of the IssuerIssuing Entity [and the Grantor Trust Trustee], upon which event this Agreement shall automatically terminate.

Appears in 1 contract

Samples: Administration Agreement (World Omni Auto Receivables LLC)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution termination of the IssuerTrust Agreement and the Indenture in accordance with its terms, upon which event this Agreement shall automatically terminate.

Appears in 1 contract

Samples: Administration Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Gp1)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution termination of the IssuerIndenture and the Related Documents in accordance with their respective terms and the payment in full of all obligations owing thereunder, upon which event this Agreement shall automatically terminate.

Appears in 1 contract

Samples: Administration Agreement (Hertz Corp)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until the dissolution or termination of the Issuer, upon which event this Agreement shall automatically terminate.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Cabela's Credit Card Master Note Trust)

Term of Agreement; Resignation and Removal of Administrator. This Agreement shall continue in force until the dissolution termination of the IssuerIssuer in accordance with Section 9.1 of the Trust Agreement, upon which event this Agreement shall automatically terminate.

Appears in 1 contract

Samples: Administration Agreement (Ford Credit Auto Receivables Two L P)

Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall will continue in force until the dissolution termination of the IssuerIssuer in accordance with Section 8.1 of the Trust Agreement, upon which event this Agreement shall will automatically terminate.

Appears in 1 contract

Samples: Administration Agreement (Ford Credit Auto Owner Trust 2005-C)

Term of Agreement; Resignation and Removal of Administrator. (d) This Agreement shall continue in force until the dissolution termination of the IssuerIssuer in accordance with Section 9.1 of the Trust Agreement, upon which event this Agreement shall automatically terminate.

Appears in 1 contract

Samples: Administration Agreement (Ford Credit Auto Receivables Two L P)

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