Common use of RELEASE OF GUARANTEE AGENCY OR SECRETARY Clause in Contracts

RELEASE OF GUARANTEE AGENCY OR SECRETARY. Seller will not, with respect to any Eligible Loan subject to this Agreement, agree to release the Guarantee Agency or the Secretary from any of its contractual obligations to Guarantee or Insure such loan, or agree to otherwise alter, amend or renegotiate any terms or conditions under which such Eligible Loan is Guaranteed or Insured, without the express prior written consent of Purchaser and the Trustee.

Appears in 2 contracts

Samples: Amended and Restated Agreement (Nelnet Inc), Loan Sale and Commitment Agreement (Union Financial Services I Inc)

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RELEASE OF GUARANTEE AGENCY OR SECRETARY. Seller will not, with respect to any Eligible Loan subject to this Agreement, agree to release the Guarantee Agency or the Secretary from any of its contractual obligations to Guarantee or Insure such loan, or agree to otherwise alter, amend 55 or renegotiate any terms or conditions under which such Eligible Loan is Guaranteed or Insured, without the express prior written consent of Purchaser and the Trustee.

Appears in 1 contract

Samples: Loan Sale and Commitment Agreement (Union Financial Services I Inc)

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RELEASE OF GUARANTEE AGENCY OR SECRETARY. Seller will not, with respect to any Eligible Loan subject to this Agreement, agree to release the Guarantee Agency or the Secretary from any of its contractual obligations to Guarantee or Insure such loan, or agree to otherwise alter, amend or renegotiate any terms or conditions under which such Eligible Loan is Guaranteed or Insured, without the express prior written consent of Purchaser and the TrusteeSecured Creditors.

Appears in 1 contract

Samples: Custodian Agreement (Nelnet Inc)

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