Appointment and Qualifications of Deposit Agents. A. The Corporation may, in a Supplemental Indenture, appoint one or more Deposit Agents for any part or all of one or more of the following Funds: the Revenue Fund, the Acquisition Fund or the Administration Fund. Each Deposit Agent shall signify its acceptance of the duties imposed upon it hereunder by written acceptance filed with the Corporation and the Trustee. Any Deposit Agent may be removed at any time by the Corporation by Board Resolution and by instrument signed by an Authorized Officer of the Corporation filed with such Deposit Agent.
Appears in 5 contracts
Samples: Indenture of Trust (Education Loans Inc /De), Indenture of Trust (Education Loans Inc /De), Indenture of Trust (Education Loans Inc /De)
Appointment and Qualifications of Deposit Agents. A. ------------------------------------------------ The Corporation may, in a Supplemental Indenture, appoint one or more Deposit Agents for any part or all of one or more of the following Funds: the Revenue Fund, the Acquisition Fund or the Administration Fund. Each Deposit Agent shall signify its acceptance of the duties imposed upon it hereunder by written acceptance filed with the Corporation and the Trustee. Any Deposit Agent may be removed at any time by the Corporation by Board Resolution and by instrument signed by an Authorized Officer of the Corporation filed with such Deposit Agent.
Appears in 1 contract
