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Common use of No Action Except Under Specified Documents Clause in Contracts

No Action Except Under Specified Documents. The SLM National Funding Eligible Lender Trustee shall not otherwise deal with the Interim Trust Loans except in accordance with the powers granted to and the authority conferred upon the SLM National Funding Eligible Lender Trustee pursuant to this Agreement and the SLM National Funding Purchase Agreement.

Appears in 6 contracts

Sources: Interim Trust Agreement (Navient Student Loan Trust 2014-1), Interim Trust Agreement (SLM Student Loan Trust 2014-2), Interim Trust Agreement (SLM Student Loan Trust 2014-1)

Related Clauses

  • No Action Except Under Specified Documents or Instructions
  • No Duties Except as Specified under Specified Documents or in Instructions
  • Compliance with Transaction Documents
  • Effect on Transaction Documents
  • Reference to and Effect on the Transaction Documents

Parent Clauses

  • Authority and Duties of Interim Eligible Lender Trustee
  • Authority and Duties of Vg Funding Eligible Lender Trustee
  • Authority and Duties of Vl Funding Eligible Lender Trustee
  • Authority and Duties of Town Hall Funding Eligible Lender Trustee
  • Supplements and Amendments

Sub-Clauses

  • Special Definitions and Terms
  • Maturity of Receivables
  • Incorporation of Standard Terms and Conditions of Agreement
  • No Overdue Payments
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