Common use of Eligible Lender Trust Agreement Binding upon Successors or Assigns of Eligible Lender Trustee and Issuer Clause in Contracts

Eligible Lender Trust Agreement Binding upon Successors or Assigns of Eligible Lender Trustee and Issuer. All the terms, provisions, conditions, covenants, warranties and agreements contained in this Eligible Lender Trust Agreement shall be binding upon the successors and assigns of the Issuer and the Eligible Lender Trustee, and shall inure to the benefit of the Eligible Lender Trustee and its successor and assigns and the Issuer, its successors or substitutes in trust and assigns. The Eligible Lender Trustee acknowledges that the Issuer may assign its beneficial rights hereunder in financed eligible loans and payments related thereto to the Indenture Trustee without consent of the Eligible Lender Trustee.

Appears in 7 contracts

Samples: Eligible Lender Trust Agreement (Consolidation Loan Funding Ii, LLC), Eligible Lender Trust Agreement (Goal Capital Funding, LLC), Eligible Lender Trust Agreement (Higher Education Funding I)

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Eligible Lender Trust Agreement Binding upon Successors or Assigns of Eligible Lender Trustee and Issuer. All the terms, provisions, conditions, covenants, warranties and agreements contained in this Eligible Lender Trust Agreement shall be binding upon the successors and assigns of the Issuer and the Eligible Lender Trustee, and shall inure to the benefit of the Eligible Lender Trustee and its successor and assigns and the Issuer, its successors or substitutes in trust and assigns. The Eligible Lender Trustee acknowledges that the Issuer may assign its beneficial rights hereunder in financed eligible loans Financed Eligible Loans and payments related thereto to the Indenture Trustee without the consent of the Eligible Lender Trustee.

Appears in 1 contract

Samples: Eligible Lender Trust Agreement (Goal Capital Funding, LLC)

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Eligible Lender Trust Agreement Binding upon Successors or Assigns of Eligible Lender Trustee and Issuer. All the terms, provisions, conditions, covenants, warranties and agreements contained in this Eligible Lender Trust Agreement shall be binding upon the successors and assigns of the Issuer and the Eligible Lender Trustee, and shall inure to the benefit of the Eligible Lender Trustee and its successor and assigns and the Issuer, its successors or substitutes in trust and assigns. The Eligible Lender Trustee acknowledges that the Issuer may assign its beneficial rights hereunder in financed eligible loans Financed Student Loans and payments related thereto to the Indenture Trustee without consent of the Eligible Lender Trustee.

Appears in 1 contract

Samples: Eligible Lender Trust Agreement (Gmac Elf LLC)

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