Compliance and Amendments. The Indenture Trustee shall comply in all material respects with the terms and conditions of the Transaction Documents to which it is a party, and the Indenture Trustee shall not agree to any amendment to or modification of the terms of any of the Transaction Documents to which both the Indenture Trustee and the Note Insurer are parties unless the Note Insurer shall otherwise consent, provided that such consent shall not be required if a Note Insurer Default has occurred and is continuing.
Compliance and Amendments. The Issuer shall comply in all material respects with the terms and conditions of the Transaction Documents it is a party and, except in accordance with the Transaction Documents, the Issuer shall not agree to any amendment to or modification of the terms of any of the Transaction Documents to which it is a party unless the Note Insurer shall otherwise give its prior written consent.
Compliance and Amendments. The Owner Trustee shall comply in all material respects with the terms and conditions of the Transaction Documents to which it is a party and the Owner Trustee shall not agree to any amendment to or modification of the terms of any of the Transaction Documents to which it is a party unless the Insurer shall otherwise give its prior written consent.
Compliance and Amendments. The Indenture Trustee and the Back-up Servicer shall comply in all material respects with the terms and conditions of the Transaction Documents to which it is a party and the Indenture Trustee and the Back-up Servicer shall not agree to any amendment to or modification of the terms of any of the Transaction Documents to which it is a party unless the Insurer shall otherwise give its prior written consent.
Compliance and Amendments. The Eligible Lender Trustee shall comply in all material respects with the terms and conditions of the Transaction Documents to which it is a party and the Eligible Lender Trustee shall not agree to any amendment to or modification of the terms of any of the Transaction Documents to which it is a party unless the Insurer shall otherwise give its prior written consent.
Compliance and Amendments. The Collateral Agent and Securities Intermediary shall comply in all material respects with the terms and conditions of the Transaction Documents to which it is a party and the Collateral Agent and Securities Intermediary shall not agree to any amendment to or modification of the terms of any of the Transaction Documents to which it is a party unless the Insurer shall otherwise give its prior written consent.
Compliance and Amendments. The Indenture Trustee shall comply in all material respects with the terms and conditions of the Transaction Documents to which it is a party and the Indenture Trustee shall not agree to any amendment to, supplement of or modification of the terms of any of the Transaction Documents to which it is a party unless the Insurer shall otherwise give its prior written consent to such amendment or modification; provided however, that the consent of the Insurer shall not be required for any amendment, supplement of or modification affecting the Group I Student Loans or the Group I Notes if such amendment, supplement or modification does not affect the Group II Student Loans or the Group II Notes or the Securities Insurer as evidenced by an Opinion of Counsel (who shall not be an employee of KBUSA or the Indenture Trustee or any of their respective Affiliates) stating that such amendment, supplement or modification does not affect the Group II Noteholders or the Securities Insurer, and a confirmation from each Rating Agency that such amendment will not result in the downgrading of the then current ratings of any of the Group II Notes (without regard to the Group II Notes Guaranty Insurance Policy).
Compliance and Amendments. The Master Servicer shall comply in all material respects with the terms and conditions of the Transaction Documents to which it is a party and the Master Servicer shall not agree to any amendment to or modification of the terms of any of the Transaction Documents to which it is a party unless the Insurer shall otherwise give its prior written consent.
Compliance and Amendments. The Backup Servicer shall comply in all material respects with the terms and conditions of the Transaction Documents to which it is a 38 party, and the Backup Servicer shall not agree to any amendment to or modification of the terms of any of the Transaction Documents to which it is a party unless the Insurer shall otherwise give its prior written consent.
Compliance and Amendments. The Collateral Agent and the Standby Servicer shall comply in all material respects with the terms and conditions of the Transaction Documents to which it is a party and the Collateral Agent and the Standby Servicer shall not agree to any amendment to or modification of the terms of any of the Transaction Documents to which it is a party unless the Surety Provider shall otherwise give its prior written consent.
