Common use of Consent of Auction Agents Clause in Contracts

Consent of Auction Agents. So long as any Auction Agent Agreement is in effect, (i) no Supplemental Indenture which materially adversely affects the rights, duties or immunities of the Auction Agent created by this Indenture or the Auction Agent Agreement shall become effective unless and until delivery to the Trustee of a written consent of the Auction Agent to such Supplemental Indenture, and (ii) the Trustee shall promptly furnish to the Auction Agent a copy of each Supplemental Indenture.

Appears in 6 contracts

Samples: Please Insert Social Security (Education Loans Inc /De), Please Insert Social Security (Education Loans Inc /De), Participation Agreement (Education Loans Inc /De)

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Consent of Auction Agents. So long as any Auction Agent ------------------------- Agreement is in effect, (i) no Supplemental Indenture which materially adversely affects the rights, duties or immunities of the Auction Agent created by this Indenture or the Auction Agent Agreement shall become effective unless and until delivery to the Trustee of a written consent of the Auction Agent to such Supplemental Indenture, and (ii) the Trustee shall promptly furnish to the Auction Agent a copy of each Supplemental Indenture.

Appears in 1 contract

Samples: Education Loans Inc /De

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