inclusion in the Servicer Certificate. Notwithstanding anything in the Indenture or the other Issuing Entity Documents to the contrary, upon the actual receipt of such notice by a responsible officer of the Calculation Agent and the Servicer, and the inclusion of such information in the Servicer Certificate, the Indenture, this Indenture Supplement and/or any other relevant Issuing Entity Documents will be deemed to have been amended to reflect such Unadjusted Benchmark Replacement, Benchmark Replacement Adjustment and/or Benchmark Replacement Conforming Changes without further compliance with the provisions of Article X of the Indenture, Article IV of this Indenture Supplement or the amendment provisions of any other relevant Issuing Entity Documents.
(h) Any determination, decision or election that may be made by the Administrator, on behalf of the Issuing Entity, pursuant to this Section 3.08 (or pursuant to any capitalized term used in this Section 3.08 or in any such capitalized term), including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error, may be made in the Administrators, on behalf of the Issuing Entity, sole discretion, and, notwithstanding anything to the contrary in the Issuing Entity Documents, will become effective without consent from any other party. None of the Issuing Entity, the Owner Trustee, the Indenture Trustee, the Calculation Agent, the Backup Servicer, the Administrator, the Sponsor, the Depositor, the Servicer, the Paying Agent, the Note Registrar or their respective Affiliates, will have any liability for any determination made by or on behalf of the Issuing Entity pursuant to this Section 3.08 (or pursuant to any capitalized term used in this Section 3.08 or in any such capitalized term), and each Series 2020-1 Noteholder, by its acceptance of a Series 2020-1 Note or a beneficial interest in a Series 2020-1 Note, will be deemed to waive and release any and all claims against the Issuing Entity, the Owner Trustee, the Indenture Trustee, the Calculation Agent, the Backup Servicer, the Administrator, the Sponsor, the Depositor, the Servicer, the Paying Agent, the Note Registrar and their respective Affiliates relating to any such determinations.
For the avoidance of doubt, neither the Indenture Trustee, the Calculation Agent, the Paying Agent, the Note Registrar, nor their respective Affiliates shall be under any obligation to (i) monitor, determine or verify the unavailability or cessation of LIBOR (or other applicable Benchmark), or whether or when there has occurred, or to give notice to any other transaction party of the occurrence of, any Benchmark Transition Event or its related Benchmark Replacement Date, or (ii) select, determine or designate any Benchmark Replacement, or other successor or replacement benchmark index, or whether any conditions to the designation of such a rate have been satisfied, or (iii) select, determine or designate any Benchmark Replacement Adjustment, or other modifier to any replacement or successor index, if any, in connection with any of the foregoing. Neither the Indenture Trustee, the Calculation Agent, the Paying Agent, the Note Registrar, nor their respective Affiliates shall be liable for any inability, failure or delay on its part to perform any of its duties as a result of the unavailability of LIBOR (or other applicable Benchmark) and absence of a designated replacement Benchmark, including as a result of any inability, delay, error or inaccuracy on the part of any other transaction party in providing any required or contemplated direction, instruction, notice or information and reasonably required for the performance of such duties.