Rights of Other Beneficiaries. All rights of any Other Beneficiary under this Indenture to consent to or direct certain remedies, waivers, actions and amendments hereunder shall cease for so long as such Other Beneficiary is in default of any of its obligations or agreements under the Swap Agreement, the Credit Enhancement Facility or the Demand Purchase Agreement by reason of which such Person is an Other Beneficiary.
Appears in 5 contracts
Samples: Please Insert Social Security (Education Loans Inc /De), Participation Agreement (Education Loans Inc /De), Please Insert Social Security (Education Loans Inc /De)
Rights of Other Beneficiaries. All rights of any Other Beneficiary under this Indenture to consent to or direct certain remedies, waivers, actions and amendments hereunder shall cease for so long as such Other Beneficiary is in default of any of its obligations or agreements under the Swap Agreement, Agreement or the Credit Enhancement Facility or the Demand Purchase Agreement by reason of which such Person is an Other Beneficiary.
Appears in 1 contract
Samples: Collegiate Funding Services Inc
Rights of Other Beneficiaries. All rights of any ----------------------------- Other Beneficiary under this Indenture to consent to or direct certain remedies, waivers, actions and amendments hereunder shall cease for so long as such Other Beneficiary is in default of any of its obligations or agreements under the Swap Agreement, the Credit Enhancement Facility or the Demand Purchase Agreement by reason of which such Person is an Other Beneficiary.
Appears in 1 contract
Samples: Education Loans Inc /De