Eligible Lender Trustee May Own Trust Certificates and Notes. The Eligible Lender Trustee in its individual or any other capacity may become the owner or pledgee of Trust Certificates or Notes and may deal with the Depositor, the Administrator, the Indenture Trustee and the Servicer in banking transactions with the same rights as it would have if it were not Eligible Lender Trustee.
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Samples: Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp)
Eligible Lender Trustee May Own Trust Certificates and Notes. The Eligible Lender Trustee in its individual or any other capacity may become the owner or pledgee of the Trust Certificates or Notes and may deal with the Depositor, the Administrator, the Indenture Trustee Trustee, the Master Servicer and the Servicer Guarantors in banking or trust transactions with the same rights as it would have if it were not Eligible Lender Trustee, including serving as a trustee of other trusts dealing in any student loans, including trusts which purchase student loans from the Trust.
Appears in 3 contracts
Samples: Trust Agreement (PNC Bank National Association/), Trust Agreement (Crestar Bank /Va), Trust Agreement (Crestar Bank /Va)
Eligible Lender Trustee May Own Trust Certificates and Notes. The Eligible Lender Trustee in its individual or any other capacity may become the owner or pledgee of Trust Certificates or Notes and may deal with the Depositor, the Administrator, the Indenture Trustee Trustee, the Master Servicer and the Servicer any Subservicer in banking transactions with the same rights as it would have if it were not Eligible Lender Trustee.
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