Common use of CONCERNING THE ELIGIBLE LENDER TRUSTEE Clause in Contracts

CONCERNING THE ELIGIBLE LENDER TRUSTEE. SECTION 7.1 Acceptance of Trusts and Duties 14 SECTION 7.2 Intentionally Omitted 15 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. SECTION 7.1 Acceptance of Trusts and Duties 14 SECTION 7.2 Intentionally Omitted 15 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 17 SECTION 7.7 Eligible Lender Trustee May Own Notes 17

CONCERNING THE ELIGIBLE LENDER TRUSTEE. SECTION 7.1 Acceptance of Trusts and Duties 14 SECTION 7.2 Intentionally Omitted 15 SECTION 7.3 Representations and Warranties 15 16 SECTION 7.4 Reliance; Advice of Counsel 16 SECTION 7.5 Not Acting in Individual Capacity 16 17 SECTION 7.6 Eligible Lender Trustee Not Liable for Excess Distribution Certificate Certificates or Trust Student Loans 16 17 SECTION 7.7 Eligible Lender Trustee May Own Notes 17

CONCERNING THE ELIGIBLE LENDER TRUSTEE. SECTION 7.1 Acceptance of Trusts and Duties 14 SECTION 7.2 Intentionally Omitted 15 SECTION 7.3 Representations and Warranties 15 16 SECTION 7.4 Reliance; Advice of Counsel 16 17 SECTION 7.5 Not Acting in Individual Capacity 16 17 SECTION 7.6 Eligible Lender Trustee Not Liable for Excess Distribution Certificate or Trust Student Loans 16 17 SECTION 7.7 Eligible Lender Trustee May Own Notes 1718