Concerning the Delaware Trustee. Section 7.01 Section 7.02 Section 7.03 Section 7.04 Section 7.05 Section 7.06 Section 7.07
Concerning the Delaware Trustee. (a) The Delaware Trustee is appointed to serve as the trustee of the Trust in the State of Delaware for the sole purpose of satisfying the requirement pursuant to Section 3807(a) of the DSTA that the Trust have at least one trustee which has its principal place of business in the State of Delaware. The Trust shall have at least one other trustee (other than the Delaware Trustee) to perform all obligations and duties other than fulfilling the Trust’s obligations pursuant to Section 3807(a) of the DSTA.
Concerning the Delaware Trustee. (a) The Delaware Trustee is appointed to serve as the trustee of the Company in the State of Delaware for the sole purpose of satisfying the requirement pursuant to Section 3807(a) of the Statutory Trust Act that the Company have at least one trustee which has its principal place of business in the State of Delaware. It is understood and agreed by the parties hereto that the Delaware Trustee shall have none of the duties, obligations or liabilities of any other Person, including without limitation, any Trustee or the Board of Trustees. The Company shall have at least one other trustee (other than the Delaware Trustee) to perform all obligations and duties other than fulfilling the Company’s obligations pursuant to Section 3807(a) of the Statutory Trust Act.
Concerning the Delaware Trustee. Section 7.01. Acceptance of Trusts and Duties 22 Section 7.02. Furnishing of Documents 23 Section 7.03. Representations and Warranties 23 Section 7.04. Reliance; Advice of Counsel 23 Section 7.05. Not Acting in Individual Capacity 24 Section 7.06. Delaware Trustee not Liable for Trust Certificates or Financed Student Loans 24 Section 7.07. Delaware Trustee May Own Trust Certificates and Notes 25 ARTICLE VIII COMPENSATION OF DELAWARE TRUSTEE Section 8.01. Delaware Trustee’s Fees and Expenses 25 Section 8.02. Indemnification 25 Section 8.03. Certificateholders To Assume Liability 26 ARTICLE IX
Concerning the Delaware Trustee. 21 Section 7A.01
Concerning the Delaware Trustee. (a) No implied obligations shall be inferred from this Declaration of Trust on the part of the Delaware Trustee. The Delaware Trustee shall not be liable for the acts or omissions of the Trustee nor shall the Delaware Trustee be liable for any act or omission by it in good faith in accordance with the directions of the Trustee.
Concerning the Delaware Trustee. It is expressly understood and agreed by the parties that (a) this Indenture is executed and delivered by Wilmington Trust Company, not individually or personally, but solely as Delaware Trustee, in the exercise of the powers and authority conferred and vested in it, pursuant to the Trust Agreement, (b) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and agreements by Wilmington Trust Company but is made and intended for the purpose of binding only the Issuer, (c) nothing contained herein shall be construed as creating any liability on Wilmington Trust Company individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any person claiming by, through or under the parties hereto, and (d) under no circumstances shall Wilmington Trust Company be personally liable for the payment of any indebtedness or expenses of the Issuer generally or with respect to any series of the Issuer or be liable for any breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Indenture or any other related documents; provided, however, that such waiver shall not affect the liability of Wilmington Trust Company (or any entity acting as successor or additional trustee) to any Person under any other agreement to the extent expressly agreed to in its individual capacity under the Trust Agreement.
Concerning the Delaware Trustee. Section 7.01. Acceptance of Trusts and Duties 21 Section 7.02. Furnishing of Documents 22 Section 7.03. Representations and Warranties 22 Section 7.04. Reliance; Advice of Counsel 22 Section 7.05. Not Acting in Individual Capacity 23 Section 7.06. Delaware Trustee not Liable for Trust Certificates or Financed Student Loans 23 Section 7.07. Delaware Trustee May Own Trust Certificates and Notes 24 ARTICLE VIII COMPENSATION OF DELAWARE TRUSTEE Section 8.01. Delaware Trustee's Fees and Expenses 24 Section 8.02. Certificateholders To Assume Liability 24 Section 8.03. Payments to the Delaware Trustee 25 ARTICLE IX TERMINATION OF TRUST AGREEMENT Section 9.01. Termination of Trust Agreement 25 ARTICLE X SUCCESSOR DELAWARE TRUSTEES AND ADDITIONAL DELAWARE TRUSTEES Section 10.01. Eligibility Requirements for Delaware Trustee 26 Section 10.02. Resignation or Removal of Delaware Trustee 27 Section 10.03. Successor Delaware Trustee 27 Section 10.04. Merger or Consolidation of Delaware Trustee 28 Section 10.05. Appointment of Co-Delaware Trustee or Separate Delaware Trustee 28 ARTICLE XI MISCELLANEOUS Section 11.01. Supplements and Amendments 29 Section 11.02. No Legal Title to Trust Estate in Certificateholders 30 Section 11.03. Limitations on Rights of Others 30 Section 11.04. Notices 31 Section 11.05. Severability 31 Section 11.06. Separate Counterparts 31 Section 11.07. Successors And Assigns 31 Section 11.08. No Petition 31 Section 11.09. No Recourse 32 Section 11.10. Headings 32 Section 11.11. Governing Law 32 EXHIBIT A FORM OF TRUST CERTIFICATE EXHIBIT B FORM OF PURCHASER'S REPRESENTATION AND WARRANTY LETTER AMENDED AND RESTATED TRUST AGREEMENT AMENDED AND RESTATED TRUST AGREEMENT dated as of March 1, 2002 (this “Trust Agreement”), between WILMINGTON TRUST COMPANY, a Delaware banking corporation, acting hereunder not in its individual capacity but solely as Delaware trustee (the “Delaware Trustee”) and COLLEGE LOAN LLC, a Delaware limited liability company (the “Sponsor”).
Concerning the Delaware Trustee. (a) Selection. The Delaware Trustee, and any successor Delaware Trustee, shall be either a natural person who is a resident of the State of Delaware or a legal entity having its principal place of business in the State of Delaware, in each case appointed by the Grantor. (b)
