Common use of Identifiable Assets Clause in Contracts

Identifiable Assets. Except in connection with the customary operation of such cash management system as its stockholder may from time to time in the ordinary course of business implement for itself and its consolidated subsidiaries (which cash management system will be operated such that all transfers of funds are properly documented and the respective assets and liabilities of the Depositor and its stockholder are ascertainable at all times), the Depositor's funds and other assets will be identifiable and will not be commingled with those of its stockholder or any other entity. The Depositor will maintain separate banking records and books of account from those of its stockholder or any other affiliate of its stockholder.

Appears in 8 contracts

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

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Identifiable Assets. Except in connection with the customary operation of ------------------- such cash management system as its stockholder may from time to time in the ordinary course of business implement for itself and its consolidated subsidiaries (which cash management system will be operated such that all transfers of funds are properly documented and the respective assets and liabilities of the Depositor and its stockholder are ascertainable at all times), the Depositor's funds and other assets will be identifiable and will not be commingled with those of its stockholder or any other entity. The Depositor will maintain separate banking records and books of account from those of its stockholder or any other affiliate of its stockholder.

Appears in 3 contracts

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

Identifiable Assets. Except in connection with the customary operation of such cash management system as its 56 stockholder may from time to time in the ordinary course of business implement for itself and its consolidated subsidiaries (which cash management system will be operated such that all transfers of funds are properly documented and the respective assets and liabilities of the Depositor and its stockholder are ascertainable at all times), the Depositor's funds and other assets will be identifiable and will not be commingled with those of its stockholder or any other entity. The Depositor will maintain separate banking records and books of account from those of its stockholder or any other affiliate of its stockholder.

Appears in 1 contract

Samples: Trust Agreement (SLM Funding Corp)

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Identifiable Assets. Except in connection with the customary operation ------------------- of such cash management system as its stockholder may from time to time in the ordinary course of business implement for itself and its consolidated subsidiaries (which cash management system will be operated such that all transfers of funds are properly documented and the respective assets and liabilities of the Depositor and its stockholder are ascertainable at all times), the Depositor's funds and other assets will be identifiable and will not be commingled with those of its stockholder or any other entity. The Depositor will maintain separate banking records and books of account from those of its stockholder or any other affiliate of its stockholder.

Appears in 1 contract

Samples: Trust Agreement (SLM Funding Corp)

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