Acquisition Fund. The Administrator shall instruct the Indenture Trustee to deposit into the Acquisition Fund, the Reserve Fund and such other funds or accounts as are appropriate, the proceeds derived from the sale of Notes. The Administrator shall instruct the Indenture Trustee in writing to make withdrawals from amounts deposited in the Acquisition Fund as provided in the Indenture.
Appears in 2 contracts
Sources: Administration Agreement (Pheaa Student Loan Trust I), Administration Agreement (Pheaa Student Loan Foundation Inc)
Acquisition Fund. The Administrator shall instruct the Indenture Trustee to deposit into the Acquisition Fund, the Reserve Fund and such other funds or accounts as are appropriate, the all proceeds derived from the sale of Notes. The Administrator shall instruct the Indenture Trustee in writing to make withdrawals from amounts deposited in the Acquisition Fund as provided in the Indenture, and the Indenture Trustee shall comply with such instructions.
Appears in 1 contract
Sources: Administration Agreement (SLC Student Loan Asset Backed Notes Series 2002-1)