Common use of Covenants of the Issuer Regarding the Indenture Trustee’s Security Interest Clause in Contracts

Covenants of the Issuer Regarding the Indenture Trustee’s Security Interest. The Issuer hereby covenants for the benefit of the Indenture Trustee and the Noteholders as follows: (a) The representations and warranties set forth in Section 3.21 shall survive the termination of this Indenture. (b) The Indenture Trustee shall not waive any of the representations and warranties set forth in Section 3.21 above. The Issuer shall take all steps necessary, and shall cause the Servicer to take all steps necessary and appropriate, to maintain the perfection and priority of the Indenture Trustee's security interest in the Trust Student Loans.

Appears in 4 contracts

Samples: Indenture (SLC Student Loan Trust 2005-1), Indenture (SLC Student Loan Trust 2004-1), Indenture (SLC Student Loan Trust 2005-2)

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Covenants of the Issuer Regarding the Indenture Trustee’s Security Interest. The Issuer hereby covenants for the benefit of the Indenture Trustee and the Noteholders as follows: (a) The representations and warranties set forth in Section 3.21 shall survive the termination of this Indenture. (b) The Indenture Trustee shall not waive any of the representations and warranties set forth in Section 3.21 above. The Issuer shall take all steps necessary, and shall cause the Servicer to take all commercially reasonable steps necessary and appropriate, to maintain the perfection and priority of the Indenture Trustee's ’s security interest in the Trust Student Loans.

Appears in 3 contracts

Samples: Indenture (SLC Student Loan Receivables I Inc), Indenture (SLC Student Loan Trust 2007-2), Indenture (SLC Student Loan Trust 2007-1)

Covenants of the Issuer Regarding the Indenture Trustee’s Security Interest. The Issuer hereby covenants for the benefit of the Indenture Trustee and the Noteholders as follows: (a) The the representations and warranties set forth in Section 3.21 3.20 above shall survive the termination of this Indenture. (b) The Indenture Trustee shall not waive any of the representations and warranties set forth in Section 3.21 3.20 above. The Issuer shall take all steps necessary, and shall cause the Servicer to take all commercially reasonable steps necessary and appropriate, to maintain the perfection and priority of the Indenture Trustee's ’s security interest in the Trust Student Loans.

Appears in 1 contract

Samples: Indenture (Wells Fargo Student Loans Receivables I LLC)

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Covenants of the Issuer Regarding the Indenture Trustee’s Security Interest. The Issuer hereby covenants for the benefit of the Indenture Trustee and the Noteholders as follows: (a) The representations and warranties set forth in Section 3.21 shall survive the termination of this Indenture. (b) The Indenture Trustee shall not waive any of the representations and warranties set forth in Section 3.21 above. The Issuer shall take all steps necessary, and shall cause the Servicer to take all steps necessary and appropriate, to maintain the perfection and priority of the Indenture Trustee's ’s security interest in the Trust Student Loans.

Appears in 1 contract

Samples: Indenture (SLC Private Student Loan Trust 2006-A)

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