Common use of Successor Trustee as Custodian of Funds Clause in Contracts

Successor Trustee as Custodian of Funds. In the event of a change in the office of trustee the predecessor trustee which has resigned or been removed shall cease to be custodian of the Funds and Accounts, and the successor trustee shall be and become such custodian.

Appears in 5 contracts

Samples: Indenture of Trust (Education Loans Inc /De), Indenture of Trust (Education Loans Inc /De), Indenture of Trust (Education Loans Inc /De)

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Successor Trustee as Custodian of Funds. In the event --------------------------------------- of a change in the office of trustee the predecessor trustee which has resigned or been removed shall cease to be custodian of the Funds and Accounts, and the successor trustee shall be and become such custodian.

Appears in 1 contract

Samples: Indenture of Trust (Education Loans Inc /De)

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Successor Trustee as Custodian of Funds. In the event of a change in the office of trustee Trustee the predecessor trustee Trustee which has resigned or been removed shall cease to be custodian of the Funds and Accounts, and the successor trustee Trustee shall be and become such custodian.

Appears in 1 contract

Samples: Indenture of Trust (Collegiate Funding Services Inc)

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