Common use of Enforcement and Amendment of Guarantee Agreements Clause in Contracts

Enforcement and Amendment of Guarantee Agreements. So long as any Notes are Outstanding or other obligations to Other Beneficiaries are Outstanding and Financed Eligible FFELP Loans are Guaranteed by a Guarantee Agency, the Trustee (a) will maintain the Guarantee Agreements and will diligently enforce its rights thereunder; (b) will enter into such other similar or supplemental agreements as shall be required to maintain the benefits thereof for all Financed Eligible FFELP Loans; and (c) will not voluntarily consent to or permit any rescission of or consent to any amendment to or otherwise take any action under or in connection with the Guarantee Agreements or any similar or supplemental agreements which in any manner will adversely affect the rights of the Holders from time to time of the Notes or Other Beneficiaries.

Appears in 4 contracts

Samples: Participation Agreement (Education Loans Inc /De), Please Insert Social Security (Education Loans Inc /De), Education Loans Inc /De

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