Common use of Acceptance of Trust and Duties Clause in Contracts

Acceptance of Trust and Duties. The VG Funding Eligible Lender Trustee accepts the trust hereby created and agrees to perform its duties hereunder with respect to such trust but only upon the terms of this Agreement. The VG Funding Eligible Lender Trustee shall not be answerable or accountable hereunder or under the VG Funding Purchase Agreement under any circumstances, except (i) for its own willful misconduct or negligence or (ii) in the case of the inaccuracy of any representation or warranty contained in Section 5.2 below expressly made by the VG Funding Eligible Lender Trustee. In particular, but not by way of limitation (and subject to the exceptions set forth in the preceding sentence):

Appears in 35 contracts

Samples: Interim Trust Agreement (SLM Student Loan Trust 2007-5), Interim Trust Agreement (SLM Student Loan Trust 2007-7), Interim Trust Agreement (SLM Student Loan Trust 2005-10)

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Acceptance of Trust and Duties. The VG VL Funding Eligible Lender Trustee accepts the trust hereby created and agrees to perform its duties hereunder with respect to such trust but only upon the terms of this Agreement. The VG VL Funding Eligible Lender Trustee shall not be answerable or accountable hereunder or under the VG VL Funding Purchase Agreement under any circumstances, except (i) for its own willful misconduct or negligence or (ii) in the case of the inaccuracy of any representation or warranty contained in Section 5.2 below expressly made by the VG VL Funding Eligible Lender Trustee. In particular, but not by way of limitation (and subject to the exceptions set forth in the preceding sentence):

Appears in 31 contracts

Samples: Interim Trust Agreement (Navient Student Loan Trust 2015-3), Interim Trust Agreement (Navient Student Loan Trust 2015-2), Interim Trust Agreement (Navient Student Loan Trust 2015-1)

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Acceptance of Trust and Duties. The VG Funding Eligible Lender Trustee accepts the trust hereby created and agrees to perform its duties hereunder with respect to such trust but only upon the terms of this Agreement. The VG Funding Eligible Lender Trustee shall not be answerable or accountable hereunder or under the VG Funding Purchase Sale Agreement under any circumstances, except (i) for its own willful misconduct or negligence or (ii) in the case of the inaccuracy of any representation or warranty contained in Section 5.2 below expressly made by the VG Funding Eligible Lender Trustee. In particular, but not by way of limitation (and subject to the exceptions set forth in the preceding sentence):

Appears in 6 contracts

Samples: Interim Trust Agreement, Interim Trust Agreement, Interim Trust Agreement (SLM Private Credit Student Loan Trust 2006-B)

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