ADMINISTRATION AGREEMENTFinancial Services Agreement |
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VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2007-1, | VW CREDIT, INC | CITIBANK, N.A. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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Exhibit 10.3
ADMINISTRATION AGREEMENT
among
VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2007-1,
as Issuer
VW CREDIT, INC.,
as Administrator
and
CITIBANK, N.A.,
as Indenture Trustee
Dated as of February 13, 2007
Administration Agreement
(VALET 2007-1)
TABLE OF CONTENTS
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1. |
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Duties
of the Administrator |
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1 |
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2. |
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Records |
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3 |
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3. |
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Compensation;
Payment of Fees and Expenses |
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3 |
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4. |
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Independence
of the Administrator |
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3 |
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5. |
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No
Joint Venture |
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3 |
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6. |
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Other
Activities of the Administrator |
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3 |
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7. |
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Representations
and Warranties of the Administrator |
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3 |
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8. |
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Administrator
Replacement Events; Termination of the Administrator |
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4 |
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9. |
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Action
upon Termination or Removal |
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6 |
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10. |
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Liens |
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6 |
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11. |
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Notices |
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6 |
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12. |
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Amendments |
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6 |
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13. |
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Governing
Law; Submission to Jurisdiction; Waiver of Jury Trial |
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8 |
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14. |
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Headings |
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15. |
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Counterparts |
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16. |
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Severability
of Provisions |
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17. |
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Not
Applicable to VCI in Other Capacities |
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