Restrictions on Company's Power. The Company shall not direct the Eligible Lender Trustee to take or refrain from taking any action if such action or inaction would be contrary to any obligations of the Trust or the Eligible Lender Trustee under the Higher Education Act, this Agreement or any of the other Basic Documents or would be contrary to Section 2.03 nor shall the Eligible Lender Trustee be permitted to follow any such direction, if given.
Appears in 7 contracts
Samples: Trust Agreement (Usa Group Secondary Market Services Inc), Trust Agreement (Gs Mortgage Securities Corp), Trust Agreement (Usa Group Secondary Market Services Inc)
Restrictions on Company's Power. The Company shall not direct the Eligible Lender Trustee to take or refrain from taking any action if such action or inaction would be contrary to any obligations obligation of the Trust or the Eligible Lender Trustee under the Higher Education Act, this Agreement or any of the other Basic Documents or would be contrary to Section 2.03 nor shall the Eligible Lender Trustee be permitted to follow any such direction, if given.
Appears in 1 contract
Samples: Trust Agreement (Usa Group Secondary Market Services Inc)
Restrictions on Company's Power. The ------------------------------- Company shall not direct the Eligible Lender Trustee to take or refrain from taking any action if such action or inaction would be contrary to any obligations obligation of the Trust or the Eligible Lender Trustee under the Higher Education Act, this Agreement or any of the other Basic Documents or would be contrary to Section 2.03 nor shall the Eligible Lender Trustee be permitted to follow any such direction, if given.
Appears in 1 contract
Samples: Trust Agreement (Usa Group Secondary Market Services Inc)
