Common use of ADMINISTRATOR MAY OWN NOTES Clause in Contracts

ADMINISTRATOR MAY OWN NOTES. The Administrator and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Notes with the same rights as it would have if it were not the Administrator or an Affiliate thereof, except as expressly provided herein or in any other Trust Related Agreements.

Appears in 23 contracts

Samples: Administration Agreement (Gmac Elf LLC), Administration Agreement (Goal Capital Funding, LLC), Administration Agreement (Nelnet Student Loan Trust 2009-2)

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