Common use of Covenants Regarding Operations Clause in Contracts

Covenants Regarding Operations. (a) Subject to Section 5.06 hereof, and notwithstanding any prior termination of this Trust Agreement, to the fullest extent permitted by law, none of the Delaware Trustee, the Administrator or the Certificateholders shall take or authorize any Bankruptcy Action.

Appears in 5 contracts

Samples: Trust Agreement (Nelnet Student Loan Trust 2009-2), Trust Agreement (Nelnet Student Loan Trust 2008-2), Trust Agreement (Nelnet Student Loan Trust 2008-3)

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Covenants Regarding Operations. (a) Subject to Section 5.06 hereof, and notwithstanding any prior termination of this Trust Agreement, to the fullest extent permitted by law, law none of the Delaware Trustee, the Administrator or the Certificateholders shall take or authorize any Bankruptcy Action.

Appears in 1 contract

Samples: Trust Agreement (Nelnet Student Loan Trust 2007-1)

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Covenants Regarding Operations. (a) Subject to Section 5.06 4.03 hereof, and notwithstanding any prior termination of this Trust Agreement, to the fullest extent permitted by law, none of the Delaware Trustee, the Trustee, the Administrator or the Certificateholders EDC Holder shall take or authorize any Bankruptcy Action.

Appears in 1 contract

Samples: Trust Agreement (Nelnet Inc)

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