No Distributions. Each Trust severally and not jointly agrees that it will not make any cash or in-kind distributions to its equity holders unless both before and after each such distribution the representations and warranties contained in Section 3.01 above with respect to such Trust would be true and correct.
Appears in 5 contracts
Sources: Administration Agreement (SLM Student Loan Trust 2010-1), Revolving Credit Agreement (SLM Student Loan Trust 2010-1), Revolving Credit Agreement (Navient Student Loan Trust 2015-1)
No Distributions. Each The Trust severally and not jointly agrees that it will not make any cash or in-in- kind distributions to its equity holders unless both before and after each such distribution the representations and warranties contained in Section 3.01 above with respect to such the Trust would be true and correct.
Appears in 3 contracts
Sources: Servicing Agreement, Administration Agreement, Indenture, Revolving Credit Agreement, Revolving Credit Agreement