Common use of Payments to the Eligible Lender Trustee Clause in Contracts

Payments to the Eligible Lender Trustee. Any amounts paid to the Eligible Lender Trustee pursuant to Section 8.01 hereof or pursuant to Section 4.03 of the Sale Agreement or Section 5.03 of the Master Servicing Agreement shall be deemed not to be a part of the Trust Estate immediately after such payment.

Appears in 1 contract

Samples: Trust Agreement (First Union Student Loan Trust 1997-1)

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