Common use of Eligible Lender Trustee May Own Notes Clause in Contracts

Eligible Lender Trustee May Own Notes. The Eligible Lender Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may deal with the Depositor, the Excess Distribution Certificateholder, the Administrator, the Indenture Trustee or the Servicer in banking transactions with the same rights as it would have if it were not Eligible Lender Trustee.

Appears in 28 contracts

Samples: Trust Agreement (SLM Student Loan Trust 2006-9), Trust Agreement (SLM Student Loan Trust 2006-10), Trust Agreement (SLM Student Loan Trust 2005-5)

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Eligible Lender Trustee May Own Notes. The Eligible Lender Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may deal with the Depositor, the Excess Distribution Certificateholder, the Administrator, the Indenture Trustee or the Servicer in banking transactions with the same rights as it would have if it were not Eligible Lender Trustee.

Appears in 11 contracts

Samples: Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding LLC), Trust Agreement (SLM Funding LLC)

Eligible Lender Trustee May Own Notes. The Eligible Lender Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may deal with the Depositor, the holder of the Excess Distribution CertificateholderCertificate, the Administrator, the Indenture Trustee or the Servicer in banking transactions with the same rights as it would have if it were not Eligible Lender Trustee.

Appears in 7 contracts

Samples: Trust Agreement (SLM Funding LLC), Trust Agreement (SLM Funding LLC), Trust Agreement (SLM Funding LLC)

Eligible Lender Trustee May Own Notes. The Eligible Lender ------------------------------------- Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may deal with the Depositor, the Excess Distribution Certificateholder, the Administrator, the Indenture Trustee Trustee, the Servicer or the Servicer Swap Counterparties in banking transactions with the same rights as it would have if it were not Eligible Lender Trustee.

Appears in 5 contracts

Samples: Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp)

Eligible Lender Trustee May Own Notes. The Eligible Lender ------------------------------------- Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may deal with the Depositor, the Excess Distribution Certificateholder, the Administrator, the Indenture Trustee Trustee, the Servicer or the Servicer Swap Counterparty in banking transactions with the same rights as it would have if it were not Eligible Lender Trustee.

Appears in 3 contracts

Samples: Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp)

Eligible Lender Trustee May Own Notes. The Eligible Lender Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may deal with the Depositor, the Excess Distribution CertificateholderCertificateholders, the Administrator, the Indenture Trustee or the Master Servicer in banking transactions with the same rights as it would have if it were not Eligible Lender Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Wachovia Student Loan Trust 2005-1), Trust Agreement (Wachovia Education Loan Funding LLC)

Eligible Lender Trustee May Own Notes. The Eligible Lender Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may deal with the Depositor, the Excess Distribution Certificateholder, the Administrator, the Indenture Trustee or the Servicer in banking transactions with the same rights as it would have if it were not Eligible Lender Trustee.. ARTICLE VIII

Appears in 1 contract

Samples: Trust Agreement (SLM Funding Corp)

Eligible Lender Trustee May Own Notes. The Eligible Lender Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may deal with the Depositor, the Excess Distribution Certificateholder, the Administrator, the Indenture Trustee or the Servicer in banking transactions with the same rights as it would have if it were not Eligible Lender Trustee.and

Appears in 1 contract

Samples: Trust Agreement (SLM Funding LLC)

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Eligible Lender Trustee May Own Notes. The Eligible Lender ------------------------------------- Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may deal with the Depositor, the Excess Distribution Certificateholder, the Administrator, the Indenture Trustee or Trustee, the Servicer or any Swap Counterparty in banking transactions with the same rights as it would have if it were not Eligible Lender Trustee.

Appears in 1 contract

Samples: Trust Agreement (SLM Funding Corp)

Eligible Lender Trustee May Own Notes. The Eligible Lender Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may deal with the Depositor, the Excess Distribution Certificateholder, the Administrator, the Indenture Trustee or and the Servicer in banking transactions with the same rights as it would have if it were not the Eligible Lender Trustee.

Appears in 1 contract

Samples: Trust Agreement (Usa Group Secondary Market Services Inc)

Eligible Lender Trustee May Own Notes. The Eligible Lender Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may deal with the Depositor, the Excess Distribution Certificateholder, the Administrator, the Indenture Trustee Trustee, the Servicer or the Servicer Swap Counterparties in banking transactions with the same rights as it would have if it were not Eligible Lender Trustee.

Appears in 1 contract

Samples: Trust Agreement (SLM Education Credit Funding LLC)

Eligible Lender Trustee May Own Notes. The Eligible Lender Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may deal with the Depositor, the Excess Distribution Certificateholder, the Administrator, the Indenture Trustee Trustee, the Servicer or the Servicer Swap Counterparty in banking transactions with the same rights as it would have if it were not Eligible Lender Trustee.

Appears in 1 contract

Samples: Trust Agreement (SLM Funding Corp)

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