Common use of Discharge of Liens Clause in Contracts

Discharge of Liens. Notwithstanding anything in this Trust Agreement to the contrary, the Delaware Trustee agrees that it will, at its own cost and expense (and not at the expense of the Trust), promptly take all action as may be necessary to discharge any liens on any part of the Trust Estate which are attributable to actions by or claims against the Trust Company that are not related to the ownership of the Trust Estate or the administration of the Trust Estate or the transactions contemplated by this Trust Agreement.

Appears in 24 contracts

Samples: Trust Agreement (Goal Capital Funding, LLC), Trust Agreement (Gmac Elf LLC), Trust Agreement (Nelnet Student Loan Trust 2009-2)

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Discharge of Liens. Notwithstanding anything in this Trust Agreement to the contrary, the Delaware Trustee agrees that it will, at its own cost and expense (and not at the expense of the Trust), promptly take all action as may be necessary to discharge any liens on any part of the Trust Estate which are attributable to actions by or claims against the Trust Company Delaware Trustee that are not related to the ownership of the Trust Estate or the administration of the Trust Estate or the transactions contemplated by this Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Nelnet Student Loan Funding LLC)

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