CONCERNING THE ELIGIBLE LENDER TRUSTEE Sample Clauses

CONCERNING THE ELIGIBLE LENDER TRUSTEE. SECTION 7.1 Acceptance of Trusts and Duties.....................................................................15 SECTION 7.2
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CONCERNING THE ELIGIBLE LENDER TRUSTEE. AND THE DELAWARE TRUSTEE 16 SECTION 7.1 Acceptance of Trusts and Duties 16
CONCERNING THE ELIGIBLE LENDER TRUSTEE. SECTION 7.1 Acceptance of Trusts and Duties...................................... 13 SECTION 7.2 SECTION 7.3 Representations and Warranties....................................... 15 SECTION 7.4 Reliance; Advice of Counsel.......................................... 16 SECTION 7.5 Not Acting in Individual Capacity.................................... 16
CONCERNING THE ELIGIBLE LENDER TRUSTEE. Section 4.01 Acceptance of the Trusts 6 Section 4.02 Recitals of Others 6 Section 4.03 Taxes 6 Section 4.04 Eligible Lender Trustee May Act Through Agents 7 Section 4.05 Indemnification of Eligible Lender Trustee 7 Section 4.06 Eligible Lender Trustee’s Right to Reliance 7 Section 4.07 Compensation of Eligible Lender Trustee 8 Section 4.08 Eligible Lender Trustee Eligibility 8 Section 4.09 Resignation of Eligible Lender Trustee 8 Section 4.10 Removal of Eligible Lender Trustee 9 Section 4.11 Successor Eligible Lender Trustee 9 Section 4.12 Limitation with Respect to Examination of Reports 10 Section 4.13 Additional Covenants of Eligible Lender Trustee 10 Section 4.14 Authority of Eligible Lender Trustee 10 Section 4.15 Sale of Eligible Loans 11 TABLE OF CONTENTS (continued) Page
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CONCERNING THE ELIGIBLE LENDER TRUSTEE. SECTION 7.1 Acceptance of Trusts and Duties ....................................... 13 SECTION 7.2 SECTION 7.3 Representations and Warranties ........................................ 15 SECTION 7.4 Reliance; Advice of Counsel ........................................... 16 SECTION 7.5 Not Acting in Individual Capacity ..................................... 16 SECTION 7.6 Eligible Lender Trustee Not Liable for Excess Distribution Certificate or Trust Student Loans ....................... 16 SECTION 7.7 Eligible Lender Trustee May Own Notes ................................. 17
CONCERNING THE ELIGIBLE LENDER TRUSTEE 

Related to CONCERNING THE ELIGIBLE LENDER TRUSTEE

  • Successor Eligible Lender Trustee Any successor Eligible Lender Trustee appointed pursuant to Section 10.2 shall execute, acknowledge and deliver to the Administrator and to its predecessor Eligible Lender Trustee an instrument accepting such appointment under this Agreement, and thereupon the resignation or removal of the predecessor Eligible Lender Trustee shall become effective and such successor Eligible Lender Trustee, without any further act, deed or conveyance, shall become fully vested with all the rights, powers, duties and obligations of its predecessor under this Agreement, with like effect as if originally named as Eligible Lender Trustee. The predecessor Eligible Lender Trustee shall upon payment of its fees and expenses deliver to the successor Eligible Lender Trustee all documents, statements, moneys and properties held by it under this Agreement and shall assign, if permissible, to the successor Eligible Lender Trustee the lender identification number obtained from the Department on behalf of the Trust; and the Administrator and the predecessor Eligible Lender Trustee shall execute and deliver such instruments and do such other things as may reasonably be required for fully and certainly vesting and confirming in the successor Eligible Lender Trustee all such rights, powers, duties and obligations. No successor Eligible Lender Trustee shall accept such appointment as provided in this Section unless at the time of such acceptance such successor Eligible Lender Trustee shall be eligible pursuant to Section 10.1. Upon acceptance of appointment by a successor Eligible Lender Trustee pursuant to this Section, the Administrator shall mail notice of the successor of such Eligible Lender Trustee to the Excess Distribution Certificateholder, the Indenture Trustee, the Noteholders and the Rating Agencies. If the Administrator shall fail to mail such notice within 10 days after acceptance of appointment by the successor Eligible Lender Trustee, the successor Eligible Lender Trustee shall cause such notice to be mailed at the expense of the Administrator.

  • Concerning the Owner Trustee 17 Section 7.01 Acceptance of Trusts and Duties............................................................17 Section 7.02 Furnishing of Documents....................................................................19 Section 7.03

  • CONCERNING THE TRUSTEE Section 8.01 Duties of the Trustee........................................ Section 8.02 Certain Matters Affecting the Trustee........................ Section 8.03 Trustee Not Liable for Certificates or Mortgage Loans........ Section 8.04 Trustee May Own Certificates................................. Section 8.05 Trustee's Fees and Expenses.................................. Section 8.06 Eligibility Requirements for the Trustee..................... Section 8.07 Resignation and Removal of the Trustee....................... Section 8.08

  • Concerning the Noteholders 60 Section 9.1 Action by Noteholders........................................................... 60 Section 9.2 Proof of Execution by Noteholders............................................... 60 Section 9.3 Who Are Deemed Absolute Owners.................................................. 61 Section 9.4 Company-Owned Notes Disregarded................................................. 61 Section 9.5 Revocation of Consents; Future Holders Bound.................................... 61 ARTICLE X NOTEHOLDERS' MEETINGS............................................................................ 62

  • Limitation of Liability of Eligible Lender Trustee and Indenture Trustee A. Notwithstanding anything contained herein to the contrary, this Agreement has been signed by Chase Manhattan Bank USA, National Association, not in its individual capacity but solely in its capacity as Eligible Lender Trustee of the Issuer and in no event shall Chase Manhattan Bank USA, National Association in its individual capacity or, except as expressly provided in the Trust Agreement, as Eligible Lender Trustee have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer or the Eligible Lender Trustee hereunder or in any of the certificates, notices or agreements delivered pursuant hereto as to all of which recourse shall be had solely to the assets of the Issuer.

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