Administrator Termination Events; Termination of the Administrator. (a) Subject to clause (d) below, the Administrator may resign its duties hereunder by providing the Issuer with at least sixty (60) days’ prior written notice.
Appears in 6 contracts
Sources: Administration Agreement (Santander Drive Auto Receivables Trust 2020-1), Administration Agreement (Santander Drive Auto Receivables Trust 2020-1), Administration Agreement (Santander Drive Auto Receivables Trust 2019-2)
Administrator Termination Events; Termination of the Administrator. (a) Subject to clause (d) below, the Administrator may resign its duties hereunder by providing the Issuer with at least sixty (60) days’ prior written notice.
(b) Subject to Section 3.15 of the Indenture, the Issuer may remove the Administrator without cause by providing the Administrator with at least sixty (60) days’ prior written notice.
Appears in 4 contracts
Sources: Administration Agreement (Santander Drive Auto Receivables Trust 2018-5), Administration Agreement (Santander Drive Auto Receivables Trust 2018-5), Administration Agreement (Santander Drive Auto Receivables LLC)