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Administration Agreement
Administration Agreement (41K)
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ADMINISTRATION AGREEMENT
among
CIT EQUIPMENT COLLATERAL 2006-VT2
as Issuer,
CIT FINANCIAL USA, INC.,
as Administrator,
CIT FUNDING COMPANY, LLC,
as Depositor,
and
DEUTSCHE BANK TRUST COMPANY AMERICAS
as Indenture Trustee
Dated as of October 1, 2006
TABLE OF CONTENTS
Page
SECTION 1.
DUTIES OF THE . . .
2646494
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 BNY
As referenced in this Administration Agreement:
Bank of New York – amp; Agency Services Structured Finance Services
New York. NY 10005
Fax No.: (212) 553-2462
Telephone No.: (212) 250-2946
(iv)
If to the Issuer or the Owner Trustee:
The Bank of New York (Delaware)
100 White Clay Center, Route 273
P.O. Box 6995
Newark, DE 19711
Fax No.: (302) 453-4400
Telephone No.: (302) 283-8905
Each party hereto may, by
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Bank of New York – in any other capacity.
Section 18. Limitation of Liability of Owner Trustee and Indenture Trustee.
(a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by The Bank of New York (Delaware), not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer and in no event shall The Bank of New York (Delaware), in
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Bank of New York – countersigned by The Bank of New York (Delaware), not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer and in no event shall The Bank of New York (Delaware), in its individual capacity or any beneficial owner of the Issuer have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, as
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BANK OF NEW YORK – WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered as of the day and year first above written.
CIT EQUIPMENT COLLATERAL 2006-VT2
By:
THE BANK OF NEW YORK
(DELAWARE), not in its individual
capacity but solely as Owner Trustee
By:
/s/ Kristine K. Gullo
Name: Kristine K. Gullo
Title: Vice President
CIT FUNDING COMPANY, LLC, as Depositor
_____________
Bank of New York – Glenn A. Votek
Title: Executive Vice President Corporate Treasury & Treasurer
EXHIBIT A
LIMITED POWER OF ATTORNEY
State of )
) ss.:
County of )
KNOW ALL PERSONS BY THESE PRESENTS, that The Bank of New York (Delaware), not in its individual capacity but solely as owner trustee (the Owner Trustee) of CIT Equipment Collateral 2006-VT2, a Delaware statutory trust (the Trust), by and through
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dt 1694858
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DB Trust
As referenced in this Administration Agreement:
DEUTSCHE BANK TRUST CO – 1.htm
EXHIBIT 10.1
EXECUTION COPY
ADMINISTRATION AGREEMENT
among
CIT EQUIPMENT COLLATERAL 2006-VT2
as Issuer,
CIT FINANCIAL USA, INC.,
as Administrator,
CIT FUNDING COMPANY, LLC,
as Depositor,
and
DEUTSCHE BANK TRUST CO MPANY AMERICAS
as Indenture Trustee
Dated as of October 1, 2006
TABLE OF CONTENTS
Page
SECTION 1.
DUTIES OF THE ADMINISTRATOR
1
SECTION 2.
RECORDS
7
SECTION 3.
COMPENSATION
7
_____________
Deutsche Bank Trust Co – USA, Inc. (together with its successors and assigns, CFUSA and in its capacity as administrator, the Administrator), CIT Funding Company, LLC (together with its successors and assigns, the Depositor), and Deutsche Bank Trust Co mpany Americas, not in its individual capacity but solely as Indenture Trustee (together with its successors and assigns, the Indenture Trustee).
WITNESSETH:
WHEREAS, the Issuer is issuing 5.34435% Class
_____________
Deutsche Bank Trust Co – CIT Funding Company, LLC
1 CIT Drive
Livingston, New Jersey 07039
Attn: Treasury Securitization
Fax No.: (973) 535-5900
Telephone No.: (973) 740-5058
(iii)
If to the Indenture Trustee:
Deutsche Bank Trust Co mpany Americas
60 Wall Street, MS NYC 60-2606
Attn: Corporate Trust & Agency Services Structured Finance Services
New York. NY 10005
Fax No.: (212) 553-2462
Telephone No.: (212)
_____________
Deutsche Bank Trust Co – of the Trust Agreement which apply to or extend to the benefit of the Owner Trustee.
(b) Notwithstanding anything contained herein to the contrary, this Agreement has been countersigned by Deutsche Bank Trust Co mpany Americas not in its individual capacity but solely as Indenture Trustee and in no event shall Deutsche Bank Trust Company Americas have any liability for the representations, warranties, covenants,
_____________
Deutsche Bank Trust Co – herein to the contrary, this Agreement has been countersigned by Deutsche Bank Trust Company Americas not in its individual capacity but solely as Indenture Trustee and in no event shall Deutsche Bank Trust Co mpany Americas have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder or in any of the certificates, notices or agreements delivered pursuant hereto,
_____________
dt 1654367
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