Action by Company with Respect to Bankruptcy. The Eligible Lender Trustee shall not have the power to commence a voluntary proceeding in bankruptcy relating to the Trust without the prior approval of the Company and the delivery to the Eligible Lender Trustee by the Company of a certificate certifying that it reasonably believes that the Trust is insolvent.
Appears in 8 contracts
Samples: Trust Agreement (Usa Group Secondary Market Services Inc), Trust Agreement (Usa Group Secondary Market Services Inc), Trust Agreement (SMS Student Loan Trust 2000-A)
Action by Company with Respect to Bankruptcy. The Eligible Lender Trustee shall not have the power to commence a voluntary proceeding in bankruptcy relating to the Trust without the prior approval of the Company and the delivery to the Eligible Lender Trustee by the Company of a certificate certifying that it reasonably believes that the Trust is insolvent.. BWNY03/143740 8
Appears in 1 contract
Samples: Trust Agreement (Usa Group Secondary Market Services Inc)
