Common use of ACTIONS BY ELIGIBLE LENDER TRUSTEE Clause in Contracts

ACTIONS BY ELIGIBLE LENDER TRUSTEE. SECTION 4.1 Prior Notice to the Excess Distribution Certificateholder With Respect to Certain Matters.........................................10 SECTION 4.2 Action with Respect to Sale of the Trust Student Loans................10 SECTION 4.3 Action with Respect to Bankruptcy.....................................10 SECTION 4.4 Restrictions..........................................................11

ACTIONS BY ELIGIBLE LENDER TRUSTEE. SECTION 4.1 Prior Notice to the Holder of the Excess Distribution Certificateholder Certificate With Respect to Certain Matters.........................................10 .................................................................... 9 SECTION 4.2 Action with Respect to Sale of the Trust Student Loans........................................................... 10 SECTION 4.3 Action with Respect to Bankruptcy..................................................................................................... 10 SECTION 4.4 Restrictions..........................................................11..................................................................................... 10

ACTIONS BY ELIGIBLE LENDER TRUSTEE. SECTION 4.1 Prior Notice to the Holder of the Excess Distribution Certificateholder Certificate With Respect to Certain Matters........................................................................................................................... 10 SECTION 4.2 Action with Respect to Sale of the Trust Student Loans................10 ............................................ 11 SECTION 4.3 Action with Respect to Bankruptcy.....................................10 ................................................................. 11 SECTION 4.4 Restrictions................................................................................................................................................ 11

ACTIONS BY ELIGIBLE LENDER TRUSTEE. SECTION 4.1 Prior Notice to the Holder of the Excess Distribution Certificateholder Certificate With Respect to Certain Matters.................................................................................................................10 SECTION 4.2 Action with Respect to Sale of the Trust Student Loans................10 ..............................................11 SECTION 4.3 Action with Respect to Bankruptcy.....................................10 ...................................................................11 SECTION 4.4 Restrictions..........................................................11........................................................................................11 -i-

ACTIONS BY ELIGIBLE LENDER TRUSTEE. SECTION 4.1 Prior Notice to the Holder of the Excess Distribution Certificateholder Certificate With Respect to Certain Matters...................................................................................................10 SECTION 4.2 Action with Respect to Sale of the Trust Student Loans...........................................................10 SECTION 4.3 Action with Respect to Bankruptcy.....................................................................................................10 SECTION 4.4 Restrictions..........................................................11.....................................................................................10

ACTIONS BY ELIGIBLE LENDER TRUSTEE. SECTION 4.1 Prior Notice to the Holder of the Excess Distribution Certificateholder Certificate With Respect to Certain Matters.....................................................................................................10 SECTION 4.2 Action with Respect to Sale of the Trust Student Loans................10 ..................................11 SECTION 4.3 Action with Respect to Bankruptcy.....................................10 .......................................................11 SECTION 4.4 Restrictions..........................................................11............................................................................11 -i-

ACTIONS BY ELIGIBLE LENDER TRUSTEE. SECTION 4.1 Prior Notice to the Holder of the Excess Distribution Certificateholder Certificate With Respect to Certain Matters............................................10 SECTION 4.2 Action with Respect to Sale of the Trust Student Loans................10 ..............................................11 SECTION 4.3 Action with Respect to Bankruptcy.....................................10 ...................................................................11 SECTION 4.4 Restrictions..................................................................................................................................................11

ACTIONS BY ELIGIBLE LENDER TRUSTEE. SECTION 4.1 Prior Notice to the Holder of the Excess Distribution Certificateholder Certificate With Respect to Certain Matters............................................ 10 SECTION 4.2 Action with Respect to Sale of the Trust Student Loans................10 .............................................. 11 SECTION 4.3 Action with Respect to Bankruptcy.....................................10 ................................................................... 11 SECTION 4.4 Restrictions.................................................................................................................................................. 11

ACTIONS BY ELIGIBLE LENDER TRUSTEE. SECTION 4.1 Prior Notice to the Holder of the Excess Distribution Certificateholder Certificate With Respect to Certain Matters.........................................Matters 10 SECTION 4.2 Action with Respect to Sale of the Trust Student Loans................10 ........................................... 11 SECTION 4.3 Action with Respect to Bankruptcy.....................................10 Banruptcy................................................................. 11 SECTION 4.4 Restrictions............................................................................................................................................... 11

ACTIONS BY ELIGIBLE LENDER TRUSTEE. SECTION 4.1 Prior Notice to the Holder of the Excess Distribution Certificateholder Certificate With Respect to Certain Matters.........................................10 ............................... 9 SECTION 4.2 Action with Respect to Sale of the Trust Student Loans............................. 10 SECTION 4.3 Action with Respect to Bankruptcy.....................................10 SECTION 4.4 Restrictions..........................................................11.................................. 10

ACTIONS BY ELIGIBLE LENDER TRUSTEE. SECTION 4.1 Prior Notice to the Excess Distribution Certificateholder With Respect to Certain Matters.........................................10 ....................................................................... 9 SECTION 4.2 Action with Respect to Sale of the Trust Student Loans.................................................. 10 SECTION 4.3 Action with Respect to Bankruptcy............................................................................................ 10 SECTION 4.4 Restrictions..........................................................11............................................................................ 10

ACTIONS BY ELIGIBLE LENDER TRUSTEE. SECTION 4.1 Prior Notice to the Holder of the Excess Distribution Certificateholder Certificate With Respect to Certain Matters............................................................. 10 SECTION 4.2 Action with Respect to Sale of the Trust Student Loans................10 ......... 11 SECTION 4.3 Action with Respect to Bankruptcy.....................................10 .............................. 11 SECTION 4.4 Restrictions............................................................................................................. 11

ACTIONS BY ELIGIBLE LENDER TRUSTEE. SECTION 4.1 Prior Notice to the Holder of the Excess Distribution Certificateholder Certificate With Respect to Certain Matters.............................................................................................................................10 SECTION 4.2 Action with Respect to Sale of the Trust Student Loans................10 ..............................................11 SECTION 4.3 Action with Respect to Bankruptcy.....................................10 ...................................................................11 SECTION 4.4 Restrictions..................................................................................................................................................11

ACTIONS BY ELIGIBLE LENDER TRUSTEE. SECTION 4.1 Prior Notice to the Excess Distribution Certificateholder With Respect to Certain Matters.........................................10 ........................................................................ 9 SECTION 4.2 Action with Respect to Sale of the Trust Student Loans................................................... 10 SECTION 4.3 Action with Respect to Bankruptcy............................................................................................. 10 SECTION 4.4 Restrictions..........................................................11............................................................................. 10 SECTION 4.5

ACTIONS BY ELIGIBLE LENDER TRUSTEE. SECTION 4.1 Prior Notice to the Holder of the Excess Distribution Certificateholder Certificate With Respect to Certain Matters....................................................................................................................................10 SECTION 4.2 Action with Respect to Sale of the Trust Student Loans................10 ..............................................11 SECTION 4.3 Action with Respect to Bankruptcy.....................................10 ...................................................................11 SECTION 4.4 Restrictions..........................................................11........................................................................................11 -i-

ACTIONS BY ELIGIBLE LENDER TRUSTEE. SECTION 4.1 Prior Notice to the Holder of the Excess Distribution Certificateholder Certificate With Respect to Certain Matters.................................................................................................................10 SECTION 4.2 Action with Respect to Sale of the Trust Student Loans................10 ...............................................11 SECTION 4.3 Action with Respect to Bankruptcy.....................................10 ....................................................................11 SECTION 4.4 Restrictions..........................................................11.........................................................................................11 -i-