Action with Respect to Sale of the Trust Student Loans. The Eligible Lender Trustee shall not have the power, except upon the written direction of the Excess Distribution Certificateholder and except as expressly provided in the Basic Documents, to sell the Trust Student Loans after the payment in full of the Notes.
Appears in 78 contracts
Samples: Trust Agreement (SLM Student Loan Trust 2006-10), Trust Agreement (SLM Student Loan Trust 2014-1), Trust Agreement (SLM Student Loan Trust 2006-7)
Action with Respect to Sale of the Trust Student Loans. The Eligible Lender Trustee shall not have the power, except upon the written direction of the Excess Distribution Certificateholder Depositor and except as expressly provided in the Basic Documents, to sell the Trust Student Loans after the payment in full of the Notes.
Appears in 16 contracts
Samples: Trust Agreement (SLM Private Credit Student Loan Trust 2005-A), Trust Agreement (SLM Private Credit Student Loan Trust 2006-A), Trust Agreement
Action with Respect to Sale of the Trust Student Loans. The Eligible Lender Trustee shall not have the power, except upon the written direction of the Excess Distribution Certificateholder Depositor and except as expressly provided in the Basic Documents, to sell the Trust Student Loans after the payment in full of the Notes.
Appears in 15 contracts
Samples: Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding LLC)
Action with Respect to Sale of the Trust Student Loans. The ------------------------------------------------------ Eligible Lender Trustee shall not have the power, except upon the written direction of the Excess Distribution Certificateholder Depositor and except as expressly provided in the Basic Documents, to sell the Trust Student Loans after the payment in full of the Notes.
Appears in 9 contracts
Samples: Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp)
Action with Respect to Sale of the Trust Student Loans. The Eligible Lender Trustee shall not have the power, except upon the written direction of the holder of the Excess Distribution Certificateholder Certificate and except as expressly provided in the Basic Documents, to sell the Trust Student Loans after the payment in full of the Notes.
Appears in 7 contracts
Samples: Trust Agreement (SLM Funding LLC), Trust Agreement (SLM Funding LLC), Trust Agreement (SLM Funding LLC)
Action with Respect to Sale of the Trust Student Loans. The Eligible Lender Owner Trustee shall not have the power, except upon the written direction of the Excess Distribution Certificateholder and except as expressly provided in the Basic Documents, to sell the Trust Student Loans after the payment in full of the Notes.
Appears in 3 contracts
Samples: Trust Agreement (Navient Student Loan Trust 2015-3), Trust Agreement (Navient Student Loan Trust 2015-2), Trust Agreement (Navient Student Loan Trust 2015-1)
Action with Respect to Sale of the Trust Student Loans. The Eligible Lender Trustee shall not have the power, except upon the written direction of the Excess Distribution Certificateholder Certificateholders evidencing not less than a majority of the aggregate percentage interest of the Excess Distribution Certificates and except as expressly provided in the Basic Documents, to sell the Trust Student Loans after the payment in full of the Notes.
Appears in 2 contracts
Samples: Trust Agreement (Wachovia Student Loan Trust 2005-1), Trust Agreement (Wachovia Education Loan Funding LLC)
Action with Respect to Sale of the Trust Student Loans. The Eligible Lender Owner Trustee shall not have the power, except upon the written direction of the Excess Distribution Certificateholder and except as expressly provided in the Basic Documents, to sell the Trust Student Loans after the payment in full of the NotesNotes [and the RC Certificate].
Appears in 1 contract
