Duties with Respect to the Issuer Documents and the Grantor Trust Documents Sample Clauses

Duties with Respect to the Issuer Documents and the Grantor Trust Documents. The Administrator shall perform all of its duties as Administrator specifically enumerated herein and in the Issuer Documents and the Grantor Trust Documents and administer and perform all of the duties and obligations of the Issuer and the Grantor Trust under the Issuer Documents and the Grantor Trust Documents and no additional duties shall be read to be included herein; provided, however, that the Administrator shall have no obligation to make any payment required to be made by the Issuer or the Grantor Trust under any Issuer Document or any Grantor Trust Document. The Administrator shall monitor the performance of the Issuer and the Grantor Trust and shall advise the Issuer and the Grantor Trust when action is necessary to comply with the Issuer’s and the Grantor Trust’s duties and obligations under the Issuer Documents and the Grantor Trust Documents. Other than such actions to be performed by the Indenture Trustee pursuant to Section 6.6 of the Indenture, the Administrator shall perform such calculations, and shall prepare for execution by the Issuer and the Grantor Trust or shall cause the preparation by other appropriate persons of all such documents, reports, filings, instruments, certificates, notices and opinions as it shall be the duty of the Issuer or the Grantor Trust to prepare, file or deliver pursuant to the Issuer Documents and the Grantor Trust Documents, as applicable. In furtherance of the foregoing, the Administrator shall take all appropriate action that is the duty of the Issuer and the Grantor Trust to take pursuant to the Issuer Documents and the Grantor Trust Documents, and shall prepare, execute, file and deliver on behalf of the Issuer and the Grantor Trust all such documents, reports, filings, instruments, certificates, notices and opinions as it shall be the duty of the Issuer to prepare, execute, file or deliver pursuant to the Issuer Documents and the Grantor Trust Documents or otherwise by law.
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Related to Duties with Respect to the Issuer Documents and the Grantor Trust Documents

  • Amendments, Etc. With Respect to the Obligations Each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Guarantor and without notice to or further assent by any Guarantor, any demand for payment of any of the Obligations made by the Purchasers may be rescinded by the Purchasers and any of the Obligations continued, and the Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or guarantee therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be renewed, extended, amended, modified, accelerated, compromised, waived, surrendered or released by the Purchasers, and the Purchase Agreement and the other Transaction Documents and any other documents executed and delivered in connection therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Purchasers may deem advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Purchasers for the payment of the Obligations may be sold, exchanged, waived, surrendered or released. The Purchasers shall have no obligation to protect, secure, perfect or insure any Lien at any time held by them as security for the Obligations or for the guarantee contained in this Section 2 or any property subject thereto.

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