Common use of No Action Except Under Specified Documents or Instructions Clause in Contracts

No Action Except Under Specified Documents or Instructions. The Delaware Trustee will not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Estate except (i) in accordance with the powers granted to and the authority conferred upon the Delaware Trustee pursuant to this Agreement and (ii) in accordance with any document or instruction delivered to the Delaware Trustee pursuant to Section 4.03.

Appears in 26 contracts

Samples: Trust Agreement, Trust Agreement, Trust Agreement

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No Action Except Under Specified Documents or Instructions. The Delaware Trustee will not shall have no authority to manage, control, use, make any payment in respect of, register, record, sell, dispose of or otherwise deal with any part of the Trust Estate except (i) as required by the terms of this Trust Agreement, (ii) in accordance with the powers granted to and or the authority conferred upon the Delaware Trustee pursuant to this Agreement and Trust Agreement, or (iiiii) in accordance with any document the express terms hereof or instruction delivered to the Delaware Trustee written instructions received pursuant to Section 4.035.01 or 5.02 hereof.

Appears in 25 contracts

Samples: Trust Agreement (Gmac Elf LLC), Trust Agreement (Goal Capital Funding, LLC), Trust Agreement (Nelnet Student Loan Trust 2009-2)

No Action Except Under Specified Documents or Instructions. The Delaware Trustee will shall not manage, control, use, sell, service, dispose of or otherwise deal with any part of the Trust Estate except (i) in accordance with the powers granted to and the authority conferred upon the Delaware Trustee pursuant to this Agreement, (ii) in accordance with this Agreement and (iiiii) in accordance with any document or instruction delivered to the Delaware Trustee pursuant to Section 4.036.03.

Appears in 10 contracts

Samples: Trust Agreement (College Loan LLC), Trust Agreement (College Loan Corp Trust II), Trust Agreement (Collegiate Funding of Delaware LLC)

No Action Except Under Specified Documents or Instructions. The Delaware Trustee will shall not manage, control, use, sell, service, dispose of or otherwise deal with any part of the Trust Estate except (ia) in accordance with the powers granted to and the authority conferred upon the Delaware Trustee pursuant to this Trust Agreement, (b) in accordance with this Trust Agreement and (iic) in accordance with any document or instruction delivered to the Delaware Trustee pursuant to Section 4.036.03 hereof.

Appears in 10 contracts

Samples: Trust Agreement (Higher Education Funding I), Trust Agreement (Higher Education Funding I), Trust Agreement (Consolidation Loan Funding Ii, LLC)

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No Action Except Under Specified Documents or Instructions. The Delaware Trustee will not manage, control, use, sell, dispose of or otherwise deal with any part of the Trust Estate except (i) in accordance with the powers granted to and the authority conferred upon the Delaware Trustee pursuant to this Agreement and (ii) in accordance with any document or instruction delivered to the Delaware Trustee pursuant to Section 4.03.4.03.β€Œ

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

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