Common use of Revocation and Termination Clause in Contracts

Revocation and Termination. Subject to Section 4.10 hereof, the Depositor may, by Depositor Order delivered to the Eligible Lender Trustee, revoke this Eligible Lender Trust Agreement in whole or in part. Upon receipt of such Depositor Order, the Eligible Lender Trustee shall transfer to the order of the Depositor all amounts held hereunder, and the trust created hereby shall thereupon terminate (except that the obligations of the Depositor under Section 4.05 hereof shall survive such termination).

Appears in 4 contracts

Samples: Eligible Lender Trust Agreement (Consolidation Loan Funding Ii, LLC), Eligible Lender Trust Agreement (Goal Capital Funding, LLC), Eligible Lender Trust Agreement (Higher Education Funding I)

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