Eligible Lender Trustee or Delaware Trustee May Own Notes. Both the Eligible Lender Trustee and the Delaware Trustee, individually or in 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 or the Delaware Trustee, as the case may be.
Appears in 45 contracts
Samples: Trust Agreement (Navient Student Loan Trust 2014-8), Trust Agreement (Navient Student Loan Trust 2014-4), Trust Agreement (Navient Student Loan Trust 2014-2)
Eligible Lender Trustee or Delaware Trustee May Own Notes. Both Either the Eligible Lender Trustee and or the Delaware Trustee, individually or in 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 or the Delaware Trustee, as the case may be.
Appears in 5 contracts
Samples: Trust Agreement (SLM Student Loan Trust 2007-4), Trust Agreement (SLM Student Loan Trust 2007-3), Trust Agreement (SLM Student Loan Trust 2007-1)