Restriction. Notwithstanding anything herein to the contrary, the Owner Trustee shall not take any action (a) that is inconsistent with the purposes of the Trust or (b) that would result in the Trust being treated as an association taxable as a corporation for Federal income tax purposes.
Appears in 21 contracts
Samples: Trust Agreement (National Collegiate Student Loan Trust 2007-4), Trust Agreement (National Collegiate Student Loan Trust 2005-3), Trust Agreement (National Collegiate Funding LLC)