Examples of VG Funding Purchase Agreement in a sentence
It shall be the duty of the VG Funding Eligible Lender Trustee to discharge (or cause to be discharged) all its responsibilities as the VG Funding Eligible Lender Trustee pursuant to the terms of the VG Funding Purchase Agreement and this Agreement.
The VG Funding Eligible Lender Trustee is also authorized and directed on behalf and for the benefit of VG Funding to acquire and hold legal title to the Interim Trust Loans and to take all actions required of the VG Funding Eligible Lender Trustee pursuant to the VG Funding Purchase Agreement and this Agreement.
The VG Funding Eligible Lender Trustee makes no representations as to the validity or sufficiency of this Agreement or the VG Funding Purchase Agreement, or of any Interim Trust Loan or related documents.
The VG Funding Eligible Lender Trustee shall not otherwise deal with the Interim Trust Loans except in accordance with the powers granted to and the authority conferred upon the VG Funding Eligible Lender Trustee pursuant to this Agreement and the VG Funding Purchase Agreement.
The VG Funding Eligible Lender Trustee shall not be answerable or accountable hereunder or under the VG Funding Purchase Agreement under any circumstances, except (i) for its own willful misconduct or negligence or (ii) in the case of the inaccuracy of any representation or warranty contained in Section 5.2 below expressly made by the VG Funding Eligible Lender Trustee.
The VG Funding Eligible Lender Trustee hereby declares that it will hold the Interim Trust Loans in trust upon and subject to the conditions set forth herein for the use and benefit of VG Funding, subject to the obligations of the VG Funding Eligible Lender Trustee under the VG Funding Purchase Agreement.
The VG Funding Eligible Lender Trustee is authorized and directed to execute and deliver the VG Funding Purchase Agreement and this Agreement and each certificate or other document attached as an exhibit to or contemplated by such agreements, in each case, in such form as VG Funding shall approve as evidenced conclusively by the VG Funding Eligible Lender Trustee’s execution thereof.
The Issuer shall give the Indenture Trustee and the Rating Agencies prompt written notice of each default on the part of (i) the Depositor of its obligations under the Sale Agreement, (ii) SLM ECFC of its obligations under the SLM ECFC Purchase Agreement, (iii) VG Funding of its obligations under the VG Funding Purchase Agreement, (iv) the Servicer of its obligations under the Servicing Agreement, or (v) the Administrator of its obligations under the Administration Agreement.
The Issuer shall give the Indenture Trustee, the Rating Agencies and each Swap Counterparty prompt written notice of each default on the part of (i) the Depositor of its obligations under the Sale Agreement, (ii) SLM ECFC of its obligations under the SLM ECFC Purchase Agreement, (iii) VG Funding of its obligations under the VG Funding Purchase Agreement, (iv) the Servicer of its obligations under the Servicing Agreement, or (v) the Administrator of its obligations under the Administration Agreement.
The VG Funding Eligible Lender Trustee is authorized and directed to execute and deliver the VG Funding Purchase Agreement and this Agreement and each certificate or other document attached as an exhibit to or contemplated by such agreements, in each case, in such form as VG Funding shall approve as evidenced conclusively by the VG Funding Eligible Lender Trustee's execution thereof.