Common use of Obligations to the Secretary and Guarantors Clause in Contracts

Obligations to the Secretary and Guarantors. Notwithstanding any other provision in this Agreement or in the other Transaction Documents, nothing herein or in such other Transaction Documents shall be construed to limit the legal responsibility of the Interim Eligible Lender Trustee to the Secretary or a Guarantor for any violations of statutory or regulatory requirements that may occur under the Higher Education Act.

Appears in 2 contracts

Samples: Interim Eligible Lender Trustee Agreement (Collegiate Funding of Delaware LLC), Interim Eligible Lender Trustee Agreement (Chase Education Loan Trust 2007-A)

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Obligations to the Secretary and Guarantors. Notwithstanding any other provision in this Agreement or in the other Transaction Documents, nothing herein or in such other Transaction Documents shall be construed to limit the legal responsibility of the Interim Eligible Lender Trustee to the Secretary or a Guarantor for any violations of statutory or regulatory requirements that may occur under the Higher Education Act.

Appears in 2 contracts

Samples: Eligible Lender Trustee Agreement (Collegiate Funding of Delaware LLC), Eligible Lender Trustee Agreement (Chase Education Loan Trust 2007-A)

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