Duration of Power of Attorney. It is expressly intended by each of the Owners that the Power of Attorney granted under this Section 4.05 is coupled with an interest, and it is agreed that such Power of Attorney shall survive (i) the dissolution, death or incompetency of the Owner and (ii) the assignment by any Owner of the whole or any portion of such Owner's Beneficial Interest.
Appears in 5 contracts
Samples: Authority And (National Collegiate Student Loan Trust 2005-1), Trust Agreement (National Collegiate Student Loan Trust 2004-1), Authority And (National Collegiate Student Loan Trust 2004-2)
Duration of Power of Attorney. It is expressly intended by each of the Owners that the Power of Attorney granted under this Section 4.05 4.06 is coupled with an interest, and it is agreed that such Power of Attorney shall survive (i) the dissolution, death or incompetency of the Owner and (ii) the assignment by any Owner of the whole or any portion of such Owner's Beneficial Interest.
Appears in 3 contracts
Samples: Trust Agreement (National Collegiate Trust 1996-S2), Authority And (National Collegiate Trust 1996-S2), Trust Agreement (National Collegiate Trust 1996-S2)
