Acceptance of Duties. The Eligible Lender Trustee accepts the trusts hereby created and agrees to perform the duties and only the duties specifically set forth in this Agreement, and no implied covenants or obligations shall be read into the trust created hereby against the Eligible Lender Trustee. The Eligible Lender Trustee shall not be answerable or accountable under any circumstances except for its gross negligence or willful misconduct.
Appears in 4 contracts
Samples: Eligible Lender Trust Agreement (Student Loan Funding LLC), Eligible Lender Trust Agreement (Student Loan Funding LLC), Eligible Lender Trust Agreement (Student Loan Funding LLC)
Acceptance of Duties. The Eligible Lender Trustee accepts the trusts hereby created and agrees to perform the duties and only the duties specifically set forth in this Trust Agreement, and no implied covenants or obligations shall be read into the trust created hereby against the Eligible Lender Trustee. The Eligible Lender Trustee shall not be answerable or accountable under any circumstances except for its gross negligence or willful misconduct.
Appears in 2 contracts
Samples: Trust Agreement (Education Capital I LLC), Trust Agreement (Education Funding Capital Trust I)
