Common use of General Authority Clause in Contracts

General Authority. The Interim Eligible Lender Trustee is authorized and directed to execute and deliver the Purchase Agreements, the Sale Agreement and this Agreement and each certificate or other document attached as an exhibit to or contemplated by such agreements, in each case, in such form as the Depositor shall approve as evidenced conclusively by the Interim Eligible Lender Trustee’s execution thereof. The Interim Eligible Lender Trustee is also authorized and directed on behalf and for the benefit of the Depositor to acquire and hold legal title to the Interim Trust Loans and to take all actions required of the Interim Eligible Lender Trustee pursuant to the Purchase Agreements, the Sale Agreement and this Agreement.

Appears in 68 contracts

Samples: Interim Trust Agreement (Navient Funding, LLC), Interim Trust Agreement (Navient Student Loan Trust 2015-3), Interim Trust Agreement (Navient Student Loan Trust 2015-2)

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General Authority. The Interim Eligible Lender Trustee is authorized and directed to execute and deliver the Purchase AgreementsAgreement, the Sale Agreement and this Agreement and each certificate or other document attached as an exhibit to or contemplated by such agreements, in each case, in such form as the Depositor shall approve as evidenced conclusively by the Interim Eligible Lender Trustee’s 's execution thereof. The Interim Eligible Lender Trustee is also authorized and directed on behalf and for the benefit of the Depositor to acquire and hold legal title to the Interim Trust Loans and to take all actions required of the Interim Eligible Lender Trustee pursuant to the Purchase AgreementsAgreement, the Sale Agreement and this Agreement.

Appears in 13 contracts

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

General Authority. The Interim Eligible Lender Trustee is authorized and directed to execute and deliver the Purchase AgreementsAgreement, the Sale Agreement and this Agreement and each certificate or other document attached as an exhibit to or contemplated by such agreements, in each case, in such form as the Depositor Seller shall approve as evidenced conclusively by the Interim Eligible Lender Trustee’s 's execution thereof. The Interim Eligible Lender Trustee is also authorized and directed on behalf and for the benefit of the Depositor Seller to acquire and hold legal title to the Interim Trust Loans and to take all actions required of the Interim Eligible Lender Trustee pursuant to the Purchase AgreementsAgreement, the Sale Agreement and this Agreement.

Appears in 11 contracts

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

General Authority. The Interim Eligible Lender Trustee is ----------------- authorized and directed to execute and deliver the Purchase AgreementsAgreement, the Sale Agreement and this Agreement and each certificate or other document attached as an exhibit to or contemplated by such agreements, in each case, in such form as the Depositor Seller shall approve as evidenced conclusively by the Interim Eligible Lender Trustee’s 's execution thereof. The Interim Eligible Lender Trustee is also authorized and directed on behalf and for the benefit of the Depositor Seller to acquire and hold legal title to the Interim Trust Loans and to take all actions required of the Interim Eligible Lender Trustee pursuant to the Purchase AgreementsAgreement, the Sale Agreement and this Agreement.

Appears in 10 contracts

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

General Authority. The Interim Eligible Lender Trustee is authorized and directed to execute and deliver the Purchase Agreements, the Sale Agreement and this Agreement and each certificate or other document attached as an exhibit to or contemplated by such agreements, in each case, in such form as the Depositor shall approve as evidenced conclusively by the Interim Eligible Lender Trustee’s 's execution thereof. The Interim Eligible Lender Trustee is also authorized and directed on behalf and for the benefit of the Depositor to acquire and hold legal title to the Interim Trust Loans and to take all actions required of the Interim Eligible Lender Trustee pursuant to the Purchase Agreements, the Sale Agreement and this Agreement.

Appears in 7 contracts

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

General Authority. The Interim Eligible Lender Trustee is authorized and directed to execute and deliver the Purchase AgreementsAgreement, the Sale Agreement and this Agreement and each certificate or other document attached as an exhibit to or contemplated by such agreements, in each case, in such form as the Depositor shall approve as evidenced conclusively by the Interim Eligible Lender Trustee’s execution thereof. The Interim Eligible Lender Trustee is also authorized and directed on behalf and for the benefit of the Depositor to acquire and hold legal title to the Interim Trust Loans and to take all actions required of the Interim Eligible Lender Trustee pursuant to the Purchase AgreementsAgreement, the Sale Agreement and this Agreement.

Appears in 4 contracts

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

General Authority. The Interim Eligible Lender Trustee is authorized and directed to execute and deliver the Purchase Agreements, the Sale Agreement Agreements and this Agreement and each certificate or other document attached as an exhibit to or contemplated by such agreements, in each case, in such form as the Depositor shall approve as evidenced conclusively by the Interim Eligible Lender Trustee’s 's execution thereof. The Interim Eligible Lender Trustee is also authorized and directed on behalf and for the benefit of the Depositor to acquire and hold legal title to the Interim Trust Loans and to take all actions required of the Interim Eligible Lender Trustee pursuant to the Purchase Agreements, the Sale Agreement Agreements and this Agreement.

Appears in 1 contract

Samples: Interim Trust Agreement (Wachovia Education Loan Funding LLC)

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General Authority. The Interim Eligible Lender Trustee is authorized and directed to execute and deliver the Purchase Agreements, Agreement and the Sale Agreement and this Agreement and each certificate or other document attached as an exhibit to or contemplated by such agreements, in each case, in such form as the Depositor shall approve as evidenced conclusively by the Interim Eligible Lender Trustee’s 's execution thereof. The Interim Eligible Lender Trustee is also authorized and directed on behalf and for the benefit of the Depositor to acquire and hold legal title to the Interim Trust Loans and to take all actions required of the Interim Eligible Lender Trustee pursuant to the Purchase AgreementsAgreement, the Sale Agreement and this Agreement.

Appears in 1 contract

Samples: Interim Trust Agreement (SLM Education Credit Funding LLC)

General Authority. The Interim Eligible Lender Trustee is authorized and directed to execute and deliver this Agreement, the Purchase Agreements, Agreements and the Sale Agreement and this Transfer Agreement and each certificate or other document attached as an exhibit to or contemplated by such agreementsTransaction Documents, in each case, case in such form as the Depositor shall approve as evidenced conclusively by the Interim Eligible Lender Trustee’s Depositor's execution thereof. The Interim Eligible Lender Trustee is also authorized and directed on behalf and for the benefit of and on behalf of the Depositor to (a) acquire and hold legal title to the Interim Trust Loans and to (b) take all actions required of the Interim Eligible Lender Trustee pursuant to this Agreement, the Purchase Agreements, Agreements and the Sale Transfer Agreement and this Agreementotherwise follow the direction of and cooperate with the Administrator in submitting, pursuing and collecting any claims to and with the Department with respect to any Interest Subsidy Payments and Special Allowance Payments relating to the Loans.

Appears in 1 contract

Samples: Interim Eligible Lender Trustee Agreement (Collegiate Funding of Delaware LLC)

General Authority. The Interim Eligible Lender Trustee is authorized and directed to execute and deliver this Agreement, the Purchase Agreements, the Sale Agreement and this the Transfer Agreement and each certificate or other document attached as an exhibit to or contemplated by such agreementsTransaction Documents, in each case, case in such form as the Depositor shall approve as evidenced conclusively by the Interim Eligible Lender Trustee’s Depositor's execution thereof. The Interim Eligible Lender Trustee is also authorized and directed on behalf and for the benefit of and on behalf of the Depositor to (a) acquire and hold legal title to the Interim Trust Loans and to (b) take all actions required of the Interim Eligible Lender Trustee pursuant to this Agreement, the Purchase Agreements, the Sale Agreement and this Agreementthe Transfer Agreement and otherwise follow the direction of and cooperate with the Administrator in submitting, pursuing and collecting any claims to and with the Department with respect to any Interest Subsidy Payments and Special Allowance Payments relating to the Loans.

Appears in 1 contract

Samples: Interim Eligible Lender Trustee Agreement (Chase Education Loan Trust 2007-A)

General Authority. The Interim Eligible Lender Trustee is authorized and directed to execute and deliver the Purchase AgreementsAgreement, the Sale Agreement and this Agreement and each certificate or other document attached as an exhibit to or contemplated by such agreements, in each case, in such form as the Depositor DEPOSITOR shall approve as evidenced conclusively by the Interim Eligible Lender Trustee’s 's execution thereof. The Interim Eligible Lender Trustee is also authorized and directed on behalf and for the benefit of the Depositor DEPOSITOR to acquire and hold legal title to the Interim Trust Loans and to take all actions required of the Interim Eligible Lender Trustee pursuant to the Purchase AgreementsAgreement, the Sale Agreement and this Agreement.

Appears in 1 contract

Samples: Interim Trust Agreement (SLM Funding Corp)

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