Document:

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                                                                     Exhibit 4.4

                     CHASE MANHATTAN AUTO OWNER TRUST 2003-A

                       Class A-1 1.20% Asset Backed Notes

                       Class A-2 1.26% Asset Backed Notes

                       Class A-3 1.52% Asset Backed Notes

                       Class A-4 2.06% Asset Backed Notes

                            ADMINISTRATION AGREEMENT

                            Dated as of May 22, 2003

                              JPMorgan Chase Bank,

                                As Administrator

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                                TABLE OF CONTENTS

                                                                           Page

SECTION  1. Duties of Administrator...........................................2
SECTION  2. Records...........................................................7
SECTION  3. Compensation......................................................7
SECTION  4. Additional Information To Be Furnished to Issuer..................7
SECTION  5. Independence of Administrator.....................................7
SECTION  6. No Joint Venture..................................................8
SECTION  7. Other Activities of Administrator.................................8
SECTION  8. Term of Agreement; Resignation and Removal of Administrator.......8
SECTION  9. Action upon Termination, Resignation or Removal..................10
SECTION 10. Notices..........................................................10
SECTION 11. Amendments.......................................................11
SECTION 12. Successors and Assigns...........................................11
SECTION 13. GOVERNING LAW....................................................12
SECTION 14. Headings.........................................................12
SECTION 15. Counterparts.....................................................12
SECTION 16. Severability.....................................................12
SECTION 17. Not Applicable to JPMorgan Chase Bank in Other Capacities........12
SECTION 18. Limitation of Liability of Owner Trustee,
            Indenture Trustee and Administrator..............................12
SECTION 19. Third-Party Beneficiary..........................................13
SECTION 20. Nonpetition Covenants............................................13
SECTION 21. Liability of Administrator.......................................13

EXHIBIT A - Form of Power of Attorney

                                        i
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         ADMINISTRATION AGREEMENT dated as of May 22, 2003, among CHASE
MANHATTAN AUTO OWNER TRUST 2003-A, a Delaware statutory trust (the "Issuer"),
JPMORGAN CHASE BANK, a New York banking corporation, as administrator (the
"Administrator"), and WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION, a
national banking association, not in its individual capacity but solely as
Indenture Trustee (the "Indenture Trustee").

                             W I T N E S S E T H :
                              - - - - - - - - - -

         WHEREAS the Issuer is issuing the Class A-1 1.20% Asset Backed Notes
(the "Class A-1 Notes"), the Class A-2 1.26% Asset Backed Notes (the "Class A-2
Notes"), the Class A-3 1.52% Asset Backed Notes (the "Class A-3 Notes") and the
Class A-4 2.06% Asset Backed Notes (the "Class A-4 Notes" and, together with the
Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes, the "Notes")
pursuant to the Indenture dated as of May 22, 2003 (as amended, modified or
supplemented from time to time in accordance with the provisions thereof, the
"Indenture"), between the Issuer and the Indenture Trustee and the 2.04% Asset
Backed Certificates (the "Certificates") pursuant to the Amended and Restated
Trust Agreement dated as of May 22, 2003 (as amended, modified or supplemented
from time to time in accordance with the provisions thereof, the "Trust
Agreement") between Chase USA (defined below), as Depositor, and Wilmington
Trust Company, as owner trustee (the "Owner Trustee").

         WHEREAS the Issuer has entered into certain agreements in connection
with the issuance of the Notes and the Certificates, including (i) a Sale and
Servicing Agreement dated as of May 22, 2003 (the "Sale and Servicing
Agreement") (capitalized terms used herein and not defined herein shall have the
meanings assigned such terms in the Sale and Servicing Agreement) between the
Issuer and Chase Manhattan Bank USA, National Association ("Chase USA"), as
Servicer and Seller, (ii) a Depository Agreement dated May 28, 2003 (the "Note
Depository Agreement") among the Issuer, the Indenture Trustee, JPMorgan Chase
Bank, as Agent (the "Agent") and The Depository Trust Company, (iii) a
Depository Agreement dated May 28, 2003 among the Issuer, the Owner Trustee, the
Agent and The Depository Trust Company (the "Certificate Depository Agreement,"
and together with the Note Depository Agreement, the "Depository Agreements"),
(iv) a Collection Account Control Agreement dated as of May 22, 2003 (the
"Collection Account Control Agreement") among the Issuer, the Indenture Trustee
and JPMorgan Chase Bank, as securities intermediary, (v) a Reserve Account
Control Agreement dated as of May 22, 2003 among the Issuer, the Indenture
Trustee and Wells Fargo Bank Minnesota, National Association, as securities
intermediary (the "Reserve Account Control Agreement"), (vi) a Yield Supplement
Account Control Agreement dated as of May 22, 2003 among the Issuer, the
Indenture Trustee and Wells Fargo Bank Minnesota, National Association, as
securities intermediary (the "Yield Supplement Account Control Agreement" and
together with the Reserve Account Control Agreement and the Collection Account
Control Agreement, the "Securities Control Agreements"), (vii) the Trust
Agreement, and (viii) the Indenture (the Sale and Servicing Agreement, the Trust
Agreement, the Depository Agreements, the Securities Control Agreements and the
Indenture being hereinafter referred to collectively as the "Related
Agreements");

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         WHEREAS pursuant to the Related Agreements, the Issuer and the Owner
Trustee are required to perform certain duties in connection with (a) the Notes
and the collateral pledged therefor pursuant to the Indenture (the "Collateral")
and (b) the Certificates;

         WHEREAS the Issuer desires to have the Administrator perform certain of
the duties of the Issuer and the Owner Trustee referred to in the preceding
clause, and to provide such additional services consistent with the terms of
this Agreement and the Related Agreements as the Issuer may from time to time
request;

         WHEREAS the Administrator has the capacity to provide the services
required hereby and is willing to perform such services for the Issuer and the
Owner Trustee on the terms set forth herein;

         NOW, THEREFORE, in consideration of the mutual covenants contained
herein, and other good and valuable consideration, the receipt and adequacy of
which are hereby acknowledged, the parties agree as follows:

         Section 1. Duties of Administrator. (a) Duties with Respect to the
Related Agreements. (i) The Administrator agrees to perform all its duties as
Administrator and the duties of the Issuer and the Owner Trustee under the
Depository Agreements. The Administrator agrees to perform the duty of the
Issuer under Section 5.1(a) of the Sale and Servicing Agreement to move the
Collection Account to a Qualified Institution or Qualified Trust Institution, as
the case may be, the duty of the Issuer under Section 5.6(b) of the Sale and
Servicing Agreement to move the Yield Supplement Account to a Qualified
Institution or Qualified Trust Institution, as the case may be, and the duty of
the Issuer under Section 5.7(b) of the Sale and Servicing Agreement to move the
Reserve Account to a Qualified Institution or Qualified Trust Institution, as
the case may be. In addition, the Administrator shall consult with the Owner
Trustee regarding the duties of the Issuer and the Owner Trustee under the
Related Agreements.

         The Administrator shall monitor the performance of the Issuer and shall
advise the Owner Trustee when action is necessary to comply with the Issuer's or
the Owner Trustee's duties under the Indenture and the Depository Agreements.
The Administrator shall prepare for execution by the Issuer or the Owner Trustee
or shall cause the preparation by other appropriate persons of all such
documents, reports, filings, instruments, certificates and opinions as it shall
be the duty of the Issuer or the Owner Trustee to prepare, file or deliver
pursuant to the Indenture and the Depository Agreements. In furtherance of the
foregoing, the Administrator shall take all appropriate action that it is the
duty of the Issuer or the Owner Trustee to take pursuant to the Indenture
including, without limitation, such of the foregoing as are required with
respect to the following matters under the Indenture (references are to sections
of the Indenture):

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                  (A) the preparation of or obtaining of the documents and
         instruments required for authentication of the Notes, if any, and
         delivery of the same to the Indenture Trustee (Section 2.2);

                  (B) the duty to cause the Note Register to be kept and to give
         the Indenture Trustee notice of any appointment of a new Note Registrar
         and the location, or change in location, of the Note Register and the
         office or offices where Notes may be surrendered for registration of
         transfer or exchange (Section 2.4);

                  (C) the notification of Noteholders of the final principal
         payment on their Notes (Section 2.7(b));

                  (D) the preparation, obtaining or filing of the instruments,
         opinions and certificates and other documents required for the release
         of collateral (Section 2.9);

                  (E) the preparation of Definitive Notes and arranging the
         delivery thereof (Section 2.12);

                  (F) the maintenance of an office or agency in the City of New
         York for registration of transfer or exchange of Notes (Section 3.2);

                  (G) the duty to cause newly appointed Paying Agents, if any,
         to deliver to the Indenture Trustee the instrument specified in the
         Indenture regarding funds held in trust (Section 3.3);

                  (H) the direction to Paying Agents to pay to the Indenture
         Trustee all sums held in trust by such Paying Agents (Section 3.3);

                  (I) the obtaining and preservation of the Issuer's
         qualification to do business in each jurisdiction in which such
         qualification is or shall be necessary to protect the validity and
         enforceability of the Indenture, the Notes, the Collateral and each
         other instrument and agreement included in the Trust Estate (Section
         3.4);

                  (J) the preparation and filing of all supplements, amendments,
         financing statements, continuation statements, if any, instruments of
         further assurance and other instruments, in accordance with Section 3.5
         of the Indenture, necessary to protect the Trust Estate (Section 3.5);

                  (K) the obtaining of the Opinion of Counsel on the Closing
         Date and the annual delivery of Opinions of Counsel, in accordance with
         Section 3.6 of the Indenture, as to the Trust Estate, and the annual
         delivery of the Officers' Certificate and certain other statements, in
         accordance with Section 3.9 of the Indenture, as to compliance with the
         Indenture (Sections 3.6 and 3.9);

                  (L) the identification to the Indenture Trustee in an
         Officers' Certificate of a Person with whom the Issuer has contracted
         to perform its duties under the Indenture (Section 3.7(b));

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                  (M) the notification of the Indenture Trustee and the Rating
         Agencies of an Event of Servicing Termination pursuant to the Sale and
         Servicing Agreement and, if such Event of Servicing Termination arises
         from the failure of the Servicer to perform any of its duties under the
         Sale and Servicing Agreement, the taking of all reasonable steps
         available to remedy such failure (Section 3.7(d));

                  (N) the preparation and obtaining of documents and instruments
         required for the release of the Issuer from its obligation under the
         Indenture (Section 3.11(b));

                  (O) the delivery of notice to the Indenture Trustee of each
         Event of Default, Event of Servicing Termination and each default by
         the Seller under the Sale and Servicing Agreement (Section 3.18);

                  (P) the taking of such further acts as may be reasonably
         necessary or proper to carry out more effectively the purpose of the
         Indenture or to compel or secure the performance and observance by the
         Seller and the Servicer of their obligations under the Sale and
         Servicing Agreement (Sections 3.19 and 5.16);

                  (Q) the monitoring of the Issuer's obligations as to the
         satisfaction and discharge of the Indenture and the preparation of an
         Officers' Certificate and the obtaining of the Opinion of Counsel and
         the Independent Certificate relating thereto (Section 4.1);

                  (R) the compliance with any written directive of the Indenture
         Trustee with respect to the sale of the Trust Estate in any manner
         permitted by law if an Event of Default shall have occurred and be
         continuing (Section 5.4);

                  (S) provide the Indenture Trustee with the information
         necessary to deliver to each Noteholder such information as may be
         reasonably required to enable such Holder to prepare its United States
         federal and state and local income or franchise tax returns (Section
         6.6);

                  (T) the preparation and delivery of notice to Noteholders of
         the removal of the Indenture Trustee and the appointment of a successor
         Indenture Trustee (Section 6.8);

                  (U) the preparation of any written instruments required to
         confirm more fully the authority of any co-trustee or separate trustee
         and any written instruments necessary in connection with the
         resignation or removal of the Indenture Trustee or any co-trustee or
         separate trustee (Sections 6.8 and 6.10);

                  (V) the furnishing of the Indenture Trustee with the names and
         addresses of Noteholders during any period when the Indenture Trustee
         is not the Note Registrar (Section 7.1);

                  (W) the preparation and, after execution by the Issuer, the
         filing with the Commission and any applicable state agencies and the
         Indenture Trustee of documents required to be filed on a periodic basis
         with, and summaries thereof as may be required by rules and regulations
         prescribed by, the Commission and any applicable state agencies and the
         transmission of such summaries, as necessary, to the Noteholders
         (Section 7.3);

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                  (X) the obtaining of an Officers' Certificate, Opinion of
         Counsel and Independent Certificates, if necessary, for the release of
         the Trust Estate as defined in the Indenture (Sections 8.4 and 8.5);

                  (Y) the preparation of Issuer Orders and Issuer Requests and
         the obtaining of Opinions of Counsel with respect to the execution of
         supplemental indentures and the mailing to the Noteholders of notices
         with respect to such supplemental indentures (Sections 9.1 and 9.2);

                  (Z) the execution of new Notes conforming to any supplemental
         indenture (Section 9.5);

                  (AA) provide the Indenture Trustee with the form of notice
         necessary to deliver the notification of Noteholders of the prepayment
         of the Notes (Section 10.2);

                  (BB) the preparation of all Officers' Certificates, Opinions
         of Counsel and Independent Certificates with respect to any requests by
         the Issuer to the Indenture Trustee to take any action under the
         Indenture (Section 11.1(a));

                  (CC) the preparation and delivery of Officers' Certificates
         and the obtaining of Independent Certificates, if necessary, for the
         release of property from the lien of the Indenture (Section 11.1(b));

                  (DD) the preparation and delivery to the Noteholders and the
         Indenture Trustee of any agreements with respect to alternate payment
         and notice provisions (Section 11.6); and

                  (EE) the recording of the Indenture, if applicable (Section
         11.15).

         (b) Additional Duties. (i) In addition to the duties of the
Administrator set forth above, the Administrator shall perform such calculations
and shall prepare for execution by the Issuer or the Owner Trustee or shall
cause the preparation by other appropriate persons of all such documents,
reports, filings, instruments, certificates and opinions as it shall be the duty
of the Issuer or the Owner Trustee to prepare, file or deliver pursuant to the
Related Agreements, and at the request of the Owner Trustee shall take all
appropriate action that it is the duty of the Issuer or the Owner Trustee to
take pursuant to the Related Agreements. Subject to Section 5 of this Agreement,
and in accordance with the directions of the Owner Trustee, the Administrator
shall administer, perform or supervise the performance of such other activities
in connection with the Trust Estate (including the Related Agreements) as are
not covered by any of the foregoing provisions and as are expressly requested by
the Owner Trustee and are reasonably within the capability of the Administrator.

         (ii) Notwithstanding anything in this Agreement or the Related
Agreements to the contrary, the Administrator shall be responsible for promptly
notifying the Owner Trustee in the event that any withholding tax is imposed on
the Issuer's payments (or allocations of income) to a "Certificateholder" as
contemplated in Section 5.2(c) of the Trust Agreement. Any such notice shall
specify the amount of any withholding tax required to be withheld by the Owner
Trustee pursuant to such provision.

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         (iii) Notwithstanding anything in this Agreement or the Related
Agreements to the contrary, the Administrator shall be responsible for
performance of the duties of the Owner Trustee and the Issuer set forth in
Sections 2.11, 2.12, 2.13 and 5.5(a), (b) and (c) and 5.7 of the Trust Agreement
with respect to, among other things, accounting and reports to
Certificateholders and the maintenance of Capital Accounts; provided, however,
that the Owner Trustee shall retain responsibility for the distribution of the
Schedule K-1s necessary to enable each Certificateholder to prepare its federal
and state income tax returns.

         (iv) The Administrator may satisfy its obligations with respect to
clauses (ii) and (iii) above by retaining, at the expense of the Administrator,
a firm of independent public accountants (the "Accountants") acceptable to the
Owner Trustee which shall perform the obligations of the Administrator
thereunder. In connection with paragraph (ii) above, the Accountants will
provide prior to July 15, 2003 a letter in form and substance satisfactory to
the Owner Trustee as to whether any tax withholding is then required and, if
required, the procedures to be followed with respect thereto to comply with the
requirements of the Code. The Accountants shall be required to update the letter
in each instance that any additional tax withholding is subsequently required or
any previously required tax withholding shall no longer be required.

         (v) The Administrator shall perform the duties of the Administrator
specified in Sections 10.2 and 10.3 of the Trust Agreement required to be
performed in connection with the resignation or removal of the Owner Trustee,
the duties of the Administrator specified in Section 10.5 of the Trust Agreement
required to be performed in connection with the appointment and payment of
co-Trustees, and any other duties expressly required to be performed by the
Administrator under the Trust Agreement.

         (vi) In carrying out the foregoing duties or any of its other
obligations under this Agreement, the Administrator may enter into transactions
with or otherwise deal with any of its Affiliates; provided, however, that the
terms of any such transactions or dealings shall be in accordance with any
directions received from the Issuer and shall be, in the Administrator's
opinion, no less favorable to the Issuer than would be available from
unaffiliated parties.

         (vii) It is the intention of the parties hereto that the Administrator
shall, and the Administrator hereby agrees to, execute on behalf of the Issuer
or the Owner Trustee all such documents, reports, filings, instruments,
certificates and opinions as it shall be the duty of the Issuer or the Owner
Trustee to prepare, file or deliver pursuant to the Basic Documents. In
furtherance thereof, the Owner Trustee shall, on behalf of itself and of the
Issuer, execute and deliver to the Administrator, and to each successor
Administrator appointed pursuant to the terms hereof, one or more powers of
attorney substantially in the form of Exhibit A hereto, appointing the
Administrator the attorney-in-fact of the Owner Trustee and the Issuer for the
purpose of executing on behalf of the Owner Trustee and the Issuer all such
documents, reports, filings, instruments, certificates and opinions.

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         (c) Non-Ministerial Matters. (i) With respect to matters that in the
reasonable judgment of the Administrator are non-ministerial, the Administrator
shall not take any action unless within a reasonable time before the taking of
such action, the Administrator shall have notified the Owner Trustee of the
proposed action and the Owner Trustee shall not have withheld consent or
provided an alternative direction. For the purpose of the preceding sentence,
"non-ministerial matters" shall include, without limitation:

                  (A) the initiation of any claim or lawsuit by the Issuer and
         the compromise of any action, claim or lawsuit brought by or against
         the Issuer (other than in connection with the collection of the
         Receivables);

                  (B) the amendment, change or modification of the Related
         Agreements;

                  (C) the appointment of successor Note Registrars, successor
         Paying Agents and successor Indenture Trustees pursuant to the
         Indenture or the appointment of successor Administrators or successor
         Servicers, or the consent to the assignment by the Note Registrar, the
         Paying Agent or the Indenture Trustee of its obligations under the
         Indenture; and

                  (D) the removal of the Indenture Trustee.

         (ii) Notwithstanding anything to the contrary in this Agreement, the
Administrator shall not be obligated to, and shall not, (x) make any payments to
the Noteholders, the Certificateholders or the Class R Certificateholder under
the Related Agreements, (y) sell the Trust Estate pursuant to Section 5.4 of the
Indenture or (z) take any action that the Issuer directs the Administrator not
to take on its behalf.

         SECTION 2. Records. The Administrator shall maintain appropriate books
of account and records relating to services performed hereunder, which books of
account and records shall be accessible for inspection by the Issuer, the Owner
Trustee, the Indenture Trustee and the Seller at any time during normal business
hours.

         SECTION 3. Compensation. As compensation for the performance of the
Administrator's obligations under this Agreement, the Administrator shall be
entitled to $1,000 per month which shall be payable in accordance with Section
5.5 of the Sale and Servicing Agreement.

         SECTION 4. Additional Information To Be Furnished to Issuer. The
Administrator shall furnish to the Issuer from time to time such additional
information regarding the Collateral as the Issuer shall reasonably request,
including notification of Noteholders pursuant to Section 1(a)(i) hereof.

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         SECTION 5. Independence of Administrator. For all purposes of this
Agreement, the Administrator shall be an independent contractor and shall not be
subject to the supervision of the Issuer or the Owner Trustee with respect to
the manner in which it accomplishes the performance of its obligations
hereunder. Unless expressly authorized by the Issuer or the Owner Trustee, as
the case may be, the Administrator shall have no authority to act for or
represent the Issuer or the Owner Trustee in any way and shall not otherwise be
deemed an agent of the Issuer or the Owner Trustee.

         SECTION 6. No Joint Venture. Nothing contained in this Agreement shall
(i) constitute the Administrator and either of the Issuer or the Owner Trustee
as members of any partnership, joint venture, association, syndicate,
unincorporated business or other separate entity, (ii) be construed to impose
any liability as such on any of them or (iii) be deemed to confer on any of them
any express, implied or apparent authority to incur any obligation or liability
on behalf of the others.

         SECTION 7. Other Activities of Administrator. (a) Nothing herein shall
prevent the Administrator or its affiliates from engaging in other businesses
or, in its sole discretion, from acting in a similar capacity as an
administrator for any other person or entity even though such person or entity
may engage in business activities similar to those of the Issuer, the Owner
Trustee or the Indenture Trustee.

         (b) The Administrator and its affiliates may generally engage in any
kind of business with any person party to a Related Agreement, any of its
affiliates and any person who may do business with or own securities of any such
person or any of its affiliates, without any duty to account therefor to the
Issuer, the Owner Trustee or the Indenture Trustee.

         SECTION 8. Term of Agreement; Resignation and Removal of Administrator.

         (a) This Agreement shall continue in force until the dissolution of the
Issuer, upon which event this Agreement shall automatically terminate.

         (b) Subject to Sections 8(e) and (f), the Administrator may resign its
duties hereunder by providing the Issuer and the Owner Trustee with at least 60
days' prior written notice.

         (c) Subject to Sections 8(e) and (f), the Issuer may remove the
Administrator without cause by providing the Administrator with at least 60
days' prior written notice.

         (d) Subject to Sections 8(e) and (f), at the sole option of the Issuer,
the Administrator may be removed immediately upon written notice of termination
from the Issuer to the Administrator if any of the following events shall occur:

                  (i) the Administrator shall default in the performance of any
         of its duties under this Agreement and, after notice of such default,
         shall not cure such default within ten days (or, if such default cannot
         be cured in such time, shall not give within ten days such assurance of
         cure as shall be reasonably satisfactory to the Issuer);

                  (ii) a court having jurisdiction in the premises shall enter a
         decree or order for relief, and such decree or order shall not have
         been vacated within 60 days, in respect of the Administrator in any
         involuntary case under any applicable bankruptcy, insolvency or other
         similar law now or hereafter in effect or appoint a receiver,
         liquidator, assignee, custodian, trustee, sequestrator or similar
         official for the Administrator or any substantial part of its property
         or order the winding-up or liquidation of its affairs; or

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                  (iii) the Administrator shall commence a voluntary case under
         any applicable bankruptcy, insolvency or other similar law now or
         hereafter in effect, shall consent to the entry of an order for relief
         in an involuntary case under any such law, or shall consent to the
         appointment of a receiver, liquidator, assignee, trustee, custodian,
         sequestrator or similar official for the Administrator or any
         substantial part of its property, shall consent to the taking of
         possession by any such official of any substantial part of its
         property, shall make any general assignment for the benefit of
         creditors or shall fail generally to pay its debts as they become due.

         The Administrator agrees that if any of the events specified in clause
(ii) or (iii) of this Section shall occur, it shall give written notice thereof
to the Issuer, the Owner Trustee and the Indenture Trustee within seven days
after the happening of such event.

         (e) No resignation or removal of the Administrator pursuant to this
Section shall be effective until (i) a successor Administrator shall have been
appointed by the Issuer and (ii) such successor Administrator shall have agreed
in writing to be bound by the terms of this Agreement in the same manner as the
Administrator is bound hereunder.

         (f) The appointment of any successor Administrator shall be effective
only after receipt of written confirmation from each Rating Agency that the
proposed appointment will not result in the qualification, downgrading or
withdrawal of any rating assigned to the Notes and Certificates by such Rating
Agency.

         (g) A successor Administrator shall execute, acknowledge and deliver a
written acceptance of its appointment hereunder to the resigning Administrator
and to the Issuer. Thereupon the resignation or removal of the resigning
Administrator shall become effective, and the successor Administrator shall have
all the rights, powers and duties of the Administrator under this Indenture. The
successor Administrator shall mail a notice of its succession to the Noteholders
and the Certificateholders. The resigning Administrator shall promptly transfer
or cause to be transferred all property and any related agreements, documents
and statements held by it as Administrator to the successor Administrator and
the resigning Administrator shall execute and deliver such instruments and do
other things as may reasonably be required for fully and certainly vesting in
the successor Administrator all rights, powers, duties and obligations
hereunder.

         (h) In no event shall a resigning Administrator be liable for the acts
or omissions of any successor Administrator hereunder.

         (i) In the exercise or administration of its duties hereunder and under
the Related Agreements, the Administrator may act directly or through its agents
or attorneys pursuant to agreements entered into with any of them, and the
Administrator shall not be liable for the conduct or misconduct of such agents
or attorneys if such agents or attorneys shall have been selected by the
Administrator with due care.

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         SECTION 9. Action upon Termination, Resignation or Removal. Promptly
upon the effective date of termination of this Agreement pursuant to Section
8(a) or the resignation or removal of the Administrator pursuant to Section 8(b)
or (c), respectively, the Administrator shall be entitled to be paid all fees
and reimbursable expenses accruing to it to the date of such termination,
resignation or removal. The Administrator shall forthwith upon termination
pursuant to Section 8(a) deliver to the Issuer all property and documents of or
relating to the Collateral then in the custody of the Administrator. In the
event of the resignation or removal of the Administrator pursuant to Section
8(b) or (c), respectively, the Administrator shall cooperate with the Issuer and
take all reasonable steps requested to assist the Issuer in making an orderly
transfer of the duties of the Administrator.

         SECTION 10. Notices. Any notice, report or other communication given
hereunder shall be in writing and addressed as follows:

          (a) if to the Issuer or the Owner Trustee, to

                           Wilmington Trust Company
                           Rodney Square North
                           1100 North Market Square
                           Wilmington, Delaware  19890-0001
                           Attention:  Corporate Trust Administration

                           with a copy to:

                           Chase Automotive Finance Corporation
                           900 Stewart Avenue
                           Garden City, New York 11530
                           Attention: Financial Controller

          (b) if to the Administrator, to

                           JPMorgan Chase Bank
                           4 New York Plaza
                           6th Floor
                           New York, New York  10004
                           Attention: Structured Finance

          (c) if to the Indenture Trustee, to

                           Wells Fargo Bank Minnesota, National Association
                           Sixth Street and Marquette Avenue MAC N9311-161
                           Minneapolis, Minnesota  55479

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          (d) if to the Seller, to

                           Chase Manhattan Automotive Finance Corporation
                           900 Stewart Avenue
                           Garden City, New York 11530
                           Attention Financial Controller

or to such other address as any party shall have provided to the other parties
in writing. Any notice required to be in writing hereunder shall be deemed given
if such notice is mailed by certified mail, postage prepaid, or hand-delivered
to the address of such party as provided above, except that notices to the
Indenture Trustee are effective only upon receipt.

         SECTION 11. Amendments. This Agreement may be amended from time to time
by a written amendment duly executed and delivered by the Issuer, the
Administrator and the Indenture Trustee, with the written consent of the Owner
Trustee and without the consent of the Noteholders and the Certificateholders,
for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of this Agreement or of modifying in any
manner the rights of the Noteholders or Certificateholders; provided that such
amendment will not, as evidenced by an Opinion of Counsel, materially and
adversely affect the interest of any Noteholder, any Certificateholder or the
Class R Certificateholder. This Agreement may also be amended by the Issuer, the
Administrator and the Indenture Trustee with the written consent of the Owner
Trustee and the holders of Notes evidencing a majority in the Outstanding Amount
of the Notes and the holders of Certificates evidencing a majority of the
Certificate Balance and the Class R Certificateholder for the purpose of adding
any provisions to or changing in any manner or eliminating any of the provisions
of this Agreement or of modifying in any manner the rights of Noteholders, the
Certificateholders or the Class R Certificateholder; provided, however, that no
such amendment may (i) increase or reduce in any manner the amount of, or
accelerate or delay the timing of, collections of payments on Receivables or
distributions that are required to be made for the benefit of the Noteholders or
Certificateholders or (ii) reduce the aforesaid percentage of the holders of
Notes and Certificates which are required to consent to any such amendment,
without the consent of the holders of all the outstanding Notes and
Certificates. Notwithstanding the foregoing, the Administrator may not amend
this Agreement without the permission of the Seller, which permission shall not
be unreasonably withheld.

         SECTION 12. Successors and Assigns. This Agreement may not be assigned
by the Administrator unless such assignment is previously consented to in
writing by the Issuer and the Owner Trustee and subject to receipt by the Owner
Trustee of written confirmation from each Rating Agency that such assignment
will not result in the qualification, downgrading or withdrawal of any rating
assigned to the Notes and Certificates by such Rating Agency in respect thereof.
An assignment with such consent and satisfaction, if accepted by the assignee,
shall bind the assignee hereunder in the same manner as the Administrator is
bound hereunder. Notwithstanding the foregoing, this Agreement may be assigned
by the Administrator without the consent of the Issuer or the Owner Trustee to a
corporation or other organization that is a successor (by merger, consolidation
or purchase of assets) to the Administrator, provided that such successor
organization executes and delivers to the Issuer, the Owner Trustee and the
Indenture Trustee an agreement in which such corporation or other organization
agrees to be bound hereunder by the terms of said assignment in the same manner
as the Administrator is bound hereunder. Subject to the foregoing, this
Agreement shall bind any successors or assigns of the parties hereto.

<PAGE>
                                                                              12

         SECTION 13. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

         SECTION 14. Headings. The section headings hereof have been inserted
for convenience of reference only and shall not be construed to affect the
meaning, construction or effect of this Agreement.

         SECTION 15. Counterparts. This Agreement may be executed in
counterparts, each of which when so executed shall together constitute but one
and the same agreement.

         SECTION 16. Severability. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall be ineffective to the
extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction.

         SECTION 17. Not Applicable to JPMorgan Chase Bank in Other Capacities.
Nothing in this Agreement shall affect any obligation that JPMorgan Chase Bank
may have in any other capacity.

         SECTION 18. Limitation of Liability of Owner Trustee, Indenture Trustee
and Administrator. (a) Notwithstanding anything contained herein to the
contrary, this instrument has been signed by Wilmington Trust Company not in its
individual capacity but solely in its capacity as Owner Trustee of the Issuer
and in no event shall Wilmington Trust Company 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 to all of which recourse shall be had solely to the assets of the Issuer. For
all purposes of this Agreement, in the performance of any duties or obligations
of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to
the benefits of, the terms and provisions of Articles VI, VII and VIII of the
Trust Agreement.

         (b) Notwithstanding anything contained herein to the contrary, this
Agreement has been signed by Wells Fargo Bank Minnesota, not in its individual
capacity but solely as Indenture Trustee, and in no event shall Wells Fargo Bank
Minnesota 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, as to all of
which recourse shall be had solely to the assets of the Issuer.

<PAGE>
                                                                              13

         (c) No recourse under any obligation, covenant or agreement of the
Issuer contained in this Agreement shall be had against any agent of the Issuer
(including the Administrator) as such by the enforcement of any assessment or by
any legal or equitable proceeding, by virtue of any statute or otherwise; it
being expressly agreed and understood that this Agreement is solely an
obligation of the Issuer as a Delaware statutory trust, and that no personal
liability whatsoever shall attach to or be incurred by any agent of the Issuer
(including the Administrator), as such, under or by reason of any of the
obligations, covenants or agreements of the Issuer contained in this Agreement,
or implied therefrom, and that any and all personal liability for breaches by
the Issuer of any such obligations, covenants or agreements, either at common
law or at equity, or by statute or constitution, of every such agent is hereby
expressly waived as a condition of and in consideration for the execution of
this Agreement.

         SECTION 19. Third-Party Beneficiary. Each of the Seller (to the extent
provided in Section 11) and the Owner Trustee is a third-party beneficiary to
this Agreement and is entitled to the rights and benefits hereunder and may
enforce the provisions hereof as if it were a party hereto.

         SECTION 20. Nonpetition Covenants. Notwithstanding any prior
termination of this Agreement, the Administrator, the Issuer and the Indenture
Trustee shall not, prior to the date which is one year and one day after the
termination of this Agreement with respect to the Issuer, acquiesce, petition or
otherwise invoke or cause the Issuer to invoke the process of any court of
government authority for the purpose of commencing or sustaining a case against
the Issuer under any Federal or state bankruptcy, insolvency or similar law or
appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or
other similar official of the Issuer or any substantial part of its property, or
ordering the winding up or liquidation of the affairs of the Issuer.

         SECTION 21. Liability of Administrator. Notwithstanding any provision
of this Agreement, the Administrator shall not have any obligations under this
Agreement other than those specifically set forth herein, and no implied
obligations of the Administrator shall be read into this Agreement. Neither the
Administrator nor any of its directors, officers, agents or employees shall be
liable for any action taken or omitted to be taken in good faith by it or them
under or in connection with this Agreement, except for its or their own gross
negligence or willful misconduct and in no event shall the Administrator be
liable under or in connection with this Agreement for indirect, special, or
consequential losses or damages of any kind, including lost profits, even if
advised of the possibility thereof and regardless of the form of action by which
such losses or damages may be claimed. Without limiting the foregoing, the
Administrator may (a) consult with legal counsel (including counsel for the
Issuer), independent public accountants and other experts selected by it and
shall not be liable for any action taken or omitted to be taken in good faith by
it in accordance with the advice of such counsel, accountants or experts and (b)
shall incur no liability under or in respect of this Agreement by acting upon
any notice (including notice by telephone), consent, certificate or other
instrument or writing (which may be by facsimile) believed by it to be genuine
and signed or sent by the proper party or parties.

<PAGE>
                                                                              14

                  IN WITNESS WHEREOF, the parties have caused this Agreement to
be duly executed and delivered as of the day and year first above written.

                           CHASE MANHATTAN AUTO OWNER TRUST
                           2003-A

                           By:  WILMINGTON TRUST COMPANY,
                                    not in its individual capacity but solely
                                    as Owner Trustee,

                           By:    /s/ Janel R. Havrilla
                               ---------------------------------------------
                               Name:  Janel R. Havrilla
                               Title: Financial Services Officer

                           WELLS FARGO BANK MINNESOTA,
                           NATIONAL ASSOCIATION,
                           not in its individual capacity but solely
                           as Indenture Trustee,

                           By:    /s/ Marianna C. Stershic
                               ---------------------------------------------
                               Name:  Marianna C. Stershic
                               Title: Vice President

                           JPMORGAN CHASE BANK,
                           as Administrator

                           By:    /s/ Joseph M. Costantino
                               ---------------------------------------------
                               Name:  Joseph M. Costantino
                               Title: Trust Officer<PAGE>
                                                                     EXHIBIT 4.2

                                 DATASCOPE CORP.

                             STOCK OPTION AGREEMENT

         Agreement, made as of the 25th day of February 2003, between DATASCOPE
CORP., a Delaware corporation (the "Company"), and David Altschiller (the
"Optionee"), residing at 80 River Road, Stockton, New Jersey 08559.

         The Board of Directors of the Company (the "Board of Directors") has
adopted a resolution granting the Optionee a ten-year option to purchase 5,000
shares (the "Shares") of common stock, par value $0.01 per share ("Common
Stock"), of the Company, subject to and upon the terms and conditions set forth
herein (the "Option").

         Therefore, in consideration of the premises and mutual covenants
contained herein and for other good and valuable consideration, the adequacy and
receipt of which are hereby acknowledged, the parties hereto have agreed as
follows:

         1. (a) The price at which the Optionee shall have the right to purchase
the Shares under this Agreement is $22.49 per share.

            (b) The Option shall be immediately exercisable.

            (c) If the Optionee shall at any time voluntarily or involuntarily
cease to serve as a consultant of the Company or if the Optionee's service shall
terminate on account of death or disability, the Option shall terminate three
months following the first day that the Optionee is no longer a consultant of
the Company (one year in the case of termination on account of death or
disability). A leave of absence approved by the Board of Directors shall not
constitute an interruption or cessation of the Optionee's service as a
consultant of the Company.

            (d) This Option is not intended to satisfy the requirements for an
incentive stock option under the Internal Revenue Code of 1986, as amended.

         2. Nothing contained herein shall be construed (i) to confer on the
Optionee any right to continue to serve as a consultant of the Company or (ii)
to derogate from any right of the Company to terminate any consulting agreement
or other agreement with the Optionee, or to retire, request the resignation of,
layoff or require a leave of absence of the Optionee, with or without pay, at
any time, with or without cause.

         3. The Option shall not be subject in any manner to transfer (except by
will or the laws of descent and distribution), sale, exchange, assignment,
anticipation, pledge or encumbrance, except to the extent that the Option may be
exercised by a guardian or conservator in the event of the Optionee's disability
or an executor or administrator in the event of the Optionee's death. The Option
may be exercised during the lifetime of the Optionee only by the Optionee or, in
the event of his disability, his duly appointed guardian or conservator or, in
the event of his death, his executor or administrator. Notwithstanding anything
to the contrary that may be contained in this Agreement, the Option may be
transferred, without consideration, by the Optionee to members of his immediate
family, to a partnership or limited liability company all, or substantially all,
of the interests in which are owned by the Optionee or members of his immediate
family, or to a trust, the beneficiaries of which are the Optionee or members of
his immediate family (each of the foregoing being referred to herein as an
"Permitted Transferee"), under such other terms and conditions, and subject to
such agreements by the Optionee and the Permitted Transferee(s) as the Board of
Directors, in its absolute discretion, shall require.

<PAGE>

         4. (a) If the outstanding shares of the Company are subdivided,
consolidated, increased, decreased, changed into or exchanged for a different
number or kind of shares or securities of the Company through reorganization,
merger, recapitalization, reclassification, capital adjustment or otherwise, or
if the Company shall issue shares as a dividend or upon a stock split, then the
number and kind of shares subject to the unexercised portion of the Option and
the exercise price of the Option shall be adjusted to prevent the inequitable
enlargement or dilution of any rights hereunder; provided, however, that any
such adjustment shall be made without change in the aggregate exercise price
applicable to the unexercised portion of the Option. Adjustments under this
Paragraph 4 shall be made by the Board of Directors, whose determination shall
be final and binding and conclusive. In computing any adjustment under this
Paragraph 4, any fractional share shall be eliminated. Nothing contained in this
Agreement shall be construed to affect in any way the right or power of the
Company to make any adjustment, reclassification, reorganization or changes to
its capital or business structure or to merge or to consolidate or to dissolve,
liquidate or transfer all or any part of its business or assets.

            (b) In the event of the dissolution or liquidation of the Company,
or in the event of a merger or consolidation in which (1) the Company is not the
surviving corporation, and (2) the agreements governing such merger or
consolidation do not provide for the issuance to the Optionee and/or any
Permitted Transferee, as the case may be, of a Substitute Option (as hereinafter
defined) or the express assumption of this Option, the Company, at least ten
(10) days prior to the date of such event, will mail or cause to be mailed to
the Optionee and/or any Permitted Transferee, as the case may be, a notice
specifying the date such event to the address of the Optionee specified on page
1 of this Agreement (and to the addresses of the Permitted Transferees that have
been provided to the Company) or to such other address as the Optionee (or such
Permitted Transferee) delivers or transmits by registered or certified mail to
the Treasurer of the Company at its principal office. In the event the Option is
not exercised on or prior to the date of such event, the Option and any rights
hereunder shall terminate as of said date. For purposes of this Paragraph 4, a
"Substitute Option" shall mean an option under which the Optionee and/or any
Permitted Transferee has the right to purchase on substantially equivalent terms
(as hereinafter defined) (in lieu of the Shares), the stock, securities, or
other property he would have been entitled to receive upon the consummation of
such merger or consolidation had he exercised the option immediately prior
thereto. For purposes of the preceding sentence, substantially equivalent terms
shall be those terms given approval by the Board of Directors in their sole
discretion.

                                       2
<PAGE>

         5. The Option shall be exercised when written notice of such exercise,
signed by the person entitled to exercise the Option, has been delivered or
transmitted by registered or certified mail, to the Secretary of the Company at
its principal office. Said written notice shall specify the number of Shares
purchasable under the Option which such person then wishes to purchase and shall
be accompanied by such documentation, if any, as may be required by the Company
as provided in Paragraph 7 and payment of the aggregate option price. Such
payment shall be in the form of (i) cash or a certified check (unless such
certification is waived by the Company) payable to the order of the Company in
the amount of the aggregate option price for such number of shares, (ii)
certificates duly endorsed for transfer (with all transfer taxes paid or
provided for) evidencing a number of shares of Common Stock of the Company of
which the aggregate fair market value on the date of exercise is equal to the
aggregate option exercise price of the Shares being purchased or (iii) a
combination of these methods of payment; provided, however, that payment,
whether in whole or in part, by surrendering certificates, may only be made if
the Optionee has held such shares for a period of at least six (6) months prior
to the date of surrender. Delivery of said notice and such documentation shall
constitute an irrevocable election to purchase the Shares specified in said
notice and the date on which the Company receives said notice and documentation
shall, subject to the provisions of Paragraphs 6 and 7, be the date as of which
the Shares so purchased shall be deemed to have been issued. The person entitled
to exercise the Option shall not have the right or status as a holder of shares
to which such exercise relates prior to receipt by the Company of such payment,
notice and documentation.

         6. Anything in this Agreement to the contrary notwithstanding, in no
event may the Option be exercisable if the Company shall, at any time and in its
sole discretion, determine that (i) the listing, registration or qualification
of any shares otherwise deliverable upon such exercise, upon any securities
exchange or under any state or federal law, or (ii) the consent or approval of
any regulatory body or the satisfaction of withholding tax or other withholding
liabilities is necessary or desirable in connection with such exercise. In such
event, such exercise shall be held in abeyance and shall not be effective unless
and until such withholding, listing, registration, qualification or approval
shall have been effected or obtained free of any conditions not acceptable to
the Company.

         7. (a) The Company shall not be deemed obligated to the Optionee to
register any of the Shares which may be acquired pursuant to any exercise of the
Option under the Securities Act of 1933, as amended (the "Act"). The Optionee
acknowledges that, if the Shares are not so registered, his acquisition of any
of the Shares pursuant to an exercise of the Option will be made in part in
reliance upon the exemption from the registration requirements of the Act
afforded by Section 4(2) of the Act for transactions by an issuer not involving
any public offering. The Optionee further acknowledges that the Company's
reliance upon this exemption at the time of any exercise of the Option will be
predicated upon the Optionee's representation at that time that such Shares are
being acquired by him as an investment solely for his account and that he then
has no intention of selling, pledging, transferring or otherwise distributing or
disposing of all or any part of such Shares or any interest or participation
therein except as permitted by the Act and the rules and regulations promulgated
thereunder. The Optionee further acknowledges that, accordingly, if the Shares
are not so registered, the receipt by the Board of Directors of written
representations to such effect is a condition precedent to the right to exercise
the Option, in whole or in part.

                                       3
<PAGE>

            (b) The Optionee agrees that there will be no disposition of all or
any part of the Shares acquired pursuant to any exercise of the Option or any
interest or interests therein, unless and until such disposition has been
registered under the Act or the Company receives an opinion of its counsel that
registration under the Act is not required in connection with such disposition.

            (c) The Optionee agrees that upon any exercise of the Option, unless
the Shares acquired pursuant to such exercise have been registered under the
Act, the transfer agent for the Shares acquired pursuant to such exercise will
be instructed to place appropriate stop orders against transfer of the Shares
and that the certificate or certificates to be issued representing the Shares
will conspicuously bear a legend substantially as follows:

         The offer and sale of the shares represented by this certificate have
         not been registered under the Securities Act of 1933, as amended. The
         shares have been acquired for investment and may not be sold,
         transferred, pledged, hypothecated or otherwise disposed of in the
         absence of an effective registration statement for the shares under the
         Securities Act of 1933, as amended, or an opinion of counsel to the
         Company that registration is not required under said Act.

            (d) The Optionee acknowledges that he is presently familiar with the
Company's business, operations and financial condition. In this connection, the
Company agrees that, upon the request of the Optionee, it will provide the
Optionee with a copy of its then most recent definitive Proxy Statement in
connection with a meeting of its shareholders for the election of directors, its
then most recent Annual Report on Form 10-K, and all Quarterly Reports on Form
10-Q and Current Reports on Form 8-K filed by the Company with the Securities
and Exchange Commission subsequent to the filing of its then most recent Annual
Report on Form 10-K. In addition, principal officers of the Company will be
reasonably available to discuss with the Optionee the information contained in
these documents.

         8. Notwithstanding anything to the contrary in this Agreement, without
the prior written consent of the Company, the person or entity exercising the
Option shall not sell, transfer, pledge, hypothecate or otherwise dispose of any
Shares acquired upon the exercise of the Option or any interest therein without
first offering to the Company in writing the right to purchase such Shares at a
price per share equal to the average of the high and low sale price of such
Shares as quoted on the NASDAQ National Market System on the trading day
immediately preceding the day of such offer (the "Offer Price"). The Company
shall have no more than two trading days to accept or reject such offer. In the
event the Company agrees to purchase such Shares, the certificate or
certificates evidencing the Shares shall forthwith be delivered to the Company
against full payment for the Shares in the form of cash or check.

                                       4
<PAGE>

         9. This Agreement shall be construed and enforced in accordance with
the laws of the State of Delaware, without regard to any choice-of-law
principles thereof.

         10. Subject to Paragraph 3, this Agreement shall be binding upon and
shall inure to the benefit of the parties hereto and their respective heirs,
personal representatives, successors or assigns, as the case may be.

               [Remainder of this page intentionally left blank.]

                                       5
<PAGE>

                  IN WITNESS WHEREOF, the parties have witnessed this Agreement
to be duly executed and delivered as of the date first above written.

                                    DATASCOPE CORP.

                                    By: /s/ Murray Pitkowsky
                                        ------------------------
                                    Name:
                                    Title:

                                    /s/ David Altschiller
                                    ----------------------------
                                    Optionee

                                       6

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