Severability of Lien. If the lien of this Indenture shall be or shall ever become ineffectual, invalid or unenforceable against any part of the Trust Estate, which is not subject to the lien, because of want of power or title in the Authority, the inclusion of any such part shall not in any way affect or invalidate the pledge and lien hereof against such part of the Trust Estate as to which the Authority in fact had the right to pledge.
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Samples: Indenture of Trust, Indenture of Trust, Indenture of Trust
Severability of Lien. If the lien of this Indenture Agreement shall be or shall ever become ineffectual, invalid or unenforceable against any part of the Trust Estate, which is not subject to the lien, because of want of power or title in the AuthorityIssuer, the inclusion of any such part shall not in any way affect or invalidate the pledge and lien hereof against such part of the Trust Estate as to which the Authority Issuer in fact had the right to pledge.
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Samples: Indenture and Credit Agreement, Indenture and Credit Agreement (Itt Educational Services Inc)
Severability of Lien. If the lien of this Indenture shall be or shall ever become ineffectual, invalid invalid, or unenforceable against any part of the Trust Estate, which is not subject to the lien, because of want of power or title in the AuthorityIssuer, the inclusion of any such part shall not in any way affect or invalidate the pledge and lien hereof against such part of the Trust Estate as to which the Authority Issuer in fact had the right to pledge.
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Samples: Loan Purchase Agreement (Nelnet Inc), Loan Purchase Agreement (Nelnet Education Loan Funding Inc)
Severability of Lien. If the lien of this Indenture shall be or shall ever become ineffectual, invalid invalid, or unenforceable against any part of the Trust Estate, which is are not subject to the lien, because of want of power or title in the AuthorityIssuer, the inclusion of any such part shall not in any way affect or invalidate the pledge and lien hereof against such part of the Trust Estate as to which the Authority in fact Issuer had the right to pledge.
Appears in 1 contract
Samples: Indenture of Trust (Union Financial Services I Inc)
Severability of Lien. If the lien of this Indenture shall be or shall ever become ineffectual, invalid invalid, or unenforceable against any part of the Trust Estate, which is not subject to the lien, because of want of power or title in the AuthorityCorporation, the inclusion of any such part shall not in any way affect or invalidate the pledge and lien hereof against such part of the Trust Estate as to which the Authority Corporation in fact had the right to pledge.
Appears in 1 contract
Samples: Indenture of Trust
Severability of Lien. If the lien of this Indenture shall be or shall ever become ineffectual, invalid invalid, or unenforceable against any part of the Trust Estate, which is not subject to the lien, lien because of want of power or title in the AuthorityIssuer, the inclusion of any such part shall not in any way affect or invalidate the pledge and lien hereof against such part of the Trust Estate as to which the Authority Issuer in fact had the right to pledge.
Appears in 1 contract
