Restrictions on Certificateholders’ Power. The Certificateholders shall not direct the Delaware Trustee to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Trust or the Delaware Trustee under this Agreement or any of the other Basic Documents or would be contrary to Section 2.03 nor shall the Delaware Trustee be permitted to follow any such direction, if given.
Appears in 10 contracts
Samples: Trust Agreement (Collegiate Funding of Delaware LLC), Trust Agreement (College Loan Corp Trust II), Trust Agreement (Collegiate Funding Services Education Loan Trust 2003-A)
Restrictions on Certificateholders’ Power. The Certificateholders shall not direct the Delaware Trustee to take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Trust or the Delaware Trustee under this Trust Agreement or any of the other Basic Documents or would be contrary to Section 2.03 hereof nor shall the Delaware Trustee be permitted to follow any such direction, if given.
Appears in 10 contracts
Samples: Trust Agreement (Higher Education Funding I), Trust Agreement (Goal Capital Funding, LLC), Trust Agreement (College Loan Corp Trust I)
