Security for Action. No provision hereof shall require the Eligible Lender Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it.
Appears in 6 contracts
Samples: Eligible Lender Trust Agreement (Education Funding Capital Trust I), Eligible Lender Trust Agreement (Student Loan Funding LLC), Eligible Lender Trust Agreement (Student Loan Funding LLC)