Appointment of Interim Eligible Lender Trustee. The Depositor hereby appoints the Interim Eligible Lender Trustee, effective as of the date hereof, as trustee, to have all the rights, powers and duties set forth herein, including, without limitation: 1. to hold legal title to the Interim Trust Loans on behalf and for the benefit of the Depositor; 2. to enter into and perform its obligations as the Interim Eligible Lender Trustee under this Agreement, the Purchase Agreements and the Sale Agreement (including any Additional Purchase Agreements and Additional Sale Agreements entered into during the Supplemental Purchase Period); and 3. to engage in those activities, including entering into agreements, that are necessary, suitable or convenient to accomplish the foregoing or are incidental thereto or connected therewith.
Appears in 15 contracts
Samples: Interim Trust Agreement (Navient Funding, LLC), Interim Trust Agreement (Navient Student Loan Trust 2015-3), Interim Trust Agreement (Navient Student Loan Trust 2015-2)
Appointment of Interim Eligible Lender Trustee. The Depositor hereby appoints the Interim Eligible Lender Trustee, effective as of the date hereof, as trustee, to have all the rights, powers and duties set forth herein, including, without limitation:
1. a. to hold legal title to the Interim Trust Loans on behalf and for the benefit of the Depositor;
2. b. to enter into and perform its obligations as the Interim Eligible Lender Trustee under this Agreement, the Purchase Agreements and the Sale Agreement (including any Additional Purchase Agreements and Additional Sale Agreements entered into during the Supplemental Purchase Period or the Funding Period); and
3. c. to engage in those activities, including entering into agreements, that are necessary, suitable or convenient to accomplish the foregoing or are incidental thereto or connected therewith.
Appears in 4 contracts
Samples: Interim Trust Agreement (SLM Student Loan Trust 2007-4), Interim Trust Agreement (SLM Student Loan Trust 2008-6), Interim Trust Agreement (SLM Student Loan Trust 2007-5)
Appointment of Interim Eligible Lender Trustee. The Depositor hereby appoints the Interim Eligible Lender Trustee, effective as of the date hereof, as trustee, to have all the rights, powers and duties set forth herein, including, without limitation:
1. to a. To hold legal title to the Interim Trust Loans on behalf and for the benefit of the Depositor;
2. to b. To enter into and perform its obligations as the Interim Eligible Lender Trustee under this Agreement, the Purchase Agreements and the Sale Agreement (including any Additional Purchase Agreements and Additional Sale Agreements entered into during the Supplemental Purchase Funding Period); and
3. to c. To engage in those activities, including entering into agreements, that are necessary, suitable or convenient to accomplish the foregoing or are incidental thereto or connected therewith.
Appears in 1 contract
Appointment of Interim Eligible Lender Trustee. The Depositor hereby appoints the Interim Eligible Lender Trustee, effective as of the date hereof, as trustee, to have all the rights, powers and duties set forth herein, including, without limitation:
1. a. to hold legal title to the Interim Trust Loans on behalf and for the benefit of the Depositor;
2. b. to enter into and perform its obligations as the Interim Eligible Lender Trustee under this Agreement, the Purchase Agreements and the Sale Agreement (including any Additional Purchase Agreements and Additional Sale Agreements entered into during the Supplemental Purchase Period or Funding Period); and
3. c. to engage in those activities, including entering into agreements, that are necessary, suitable or convenient to accomplish the foregoing or are incidental thereto or connected therewith.
Appears in 1 contract
Samples: Interim Trust Agreement (SLM Student Loan Trust 2005-6)