Common use of Change of Administrator Clause in Contracts

Change of Administrator. In the event there is any change in the identity of the Administrator in accordance with the provisions of the Administration Agreement, the retiring administrator, the new administrator, the Issuer, the Trustee, the Seller and the Account Bank shall execute such documents and take such actions as may be required by the Administration Agreement and/or the Substitute Administrator Agreement and/or this Agreement (as the case may be) for the purpose of releasing the retiring administrator from its future obligations under this Agreement.