Common use of Successor Eligible Lender Trustee Clause in Contracts

Successor Eligible Lender Trustee. (a) Any bank, corporation or other entity into which the Eligible Lender Trustee may be merged or converted or with which it may be consolidated, and any bank, corporation or other entity resulting from any merger, conversion or consolidation to which the Eligible Lender Trustee shall be a party, shall be the Eligible Lender Trustee under this Eligible Lender Trust Agreement without any further act, provided the resulting bank, corporation or other entity at all times meets the qualifications set forth herein.

Appears in 9 contracts

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

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