Conveyance of Initial Financed Student Loans. (a) In consideration of the Issuer's delivery to or upon the order of the Seller on the Closing Date of the net proceeds from the sale of the Notes and the other amounts to be distributed from time to time to the Seller in accordance with the terms of this Agreement, the Seller (and, with respect to legal title to the Financed Student Loans, [_______________] as trustee on behalf of the Seller) does hereby, as evidenced by a duly executed Xxxx of Sale in the form of Exhibit A hereto, sell, assign, and otherwise convey to the Issuer and, with respect to legal title to the Initial Financed Student Loans, to the Eligible Lender Trustee on behalf of the Issuer) without recourse except as may be provided herein: (i) all right, title and interest in and to the Initial Financed Student Loans, and all obligations of the Obligors thereunder, together with all documents, the related Student Loan Files and all rights and privileges relating thereto, (ii) all payments on or collections received thereunder on and after the Cutoff Date net of interest accrued thereunder prior to the Cutoff Date that is not to be capitalized, including without limitation, Liquidation Proceeds and Recoveries; (iii) all of its right, title and interest in all funds on deposit from time to time in the Trust Accounts, including the Reserve Account Initial Deposit and the Prefunding Account Closing Date Deposit, and in all investments and proceeds thereof (including all income thereon); and (iv) all proceeds of any and all of the foregoing.
Conveyance of Initial Financed Student Loans. In consideration of the Issuer’s delivery to or upon the order of the Depositor on the Closing Date of the Certificates and of the net proceeds from the sale of the Notes and the other amounts to be distributed from time to time to the Depositor in accordance with the terms of this Agreement, the Depositor (and with respect to legal title, the Depositor Eligible Lender Trustee, on behalf of the Depositor) does hereby, as evidenced by a duly executed written assignment in the form of Exhibit D, sell, transfer, assign, set over and otherwise convey to the Issuer (and with respect to legal title, to the Eligible Lender Trustee on behalf of the Issuer), without recourse (subject to the obligations herein):
Conveyance of Initial Financed Student Loans. (a) In consideration of the Issuer's delivery to or upon the order of the Transferor on the Closing Date of [$____________], the Transferor agrees to, and the Transferor does hereby, as evidenced by a duly executed written assignment in the form of Exhibit D, contribute, transfer, sell, assign, set over and otherwise convey to the Eligible Lender Trustee on behalf of the Issuer, without recourse (subject to the obligations herein):
Conveyance of Initial Financed Student Loans. In consideration of the Issuer's delivery to or upon the order of the Seller on the Closing Date of the net proceeds from the sale of the Notes and the Certificates and the other amounts to be distributed from time to time to the Seller in accordance with the terms of this Agreement, the Seller does hereby, as evidenced by a duly executed written assignment in the form of Exhibit D, sell, transfer, assign, set over and otherwise convey to the Issuer (or, in the case of the Initial Financed Student Loans (as defined below), to the Eligible Lender Trustee on behalf of the Issuer), without recourse (subject to the obligations herein):
Conveyance of Initial Financed Student Loans. In consideration of the Issuer’s delivery to or upon the order of the Seller on the Closing Date of the Certificates and of the net proceeds from the sale of the Notes and the other amounts to be distributed from time to time to the Seller in accordance with the terms of this Agreement, the Seller (or, in the case of the Initial Financed Student Loans, Bank One, National Association, as eligible lender trustee, on behalf of the Seller) does hereby, as evidenced by a duly executed written assignment in the form of Exhibit D, sell, transfer, assign, set over and otherwise convey to the Issuer (or, in the case of the Initial Financed Student Loans, to the Eligible Lender Trustee on behalf of the Issuer), without recourse (subject to the obligations herein):
Conveyance of Initial Financed Student Loans. (a) In consideration of the Issuer's delivery to or upon the order of the Seller on the Closing Date of the net proceeds from the sale of the Notes and the Certificates and the other amounts to be distributed from time to time to the Seller in accordance with the terms of this Agreement, the Seller does hereby, as evidenced by a duly executed Xxxx of Sale in the form of Exhibit A hereto, sell, assign, and otherwise convey to the Issuer (or, in the case of the Initial Financed Student Loans (as defined below), to the Eligible Lender Trustee on behalf of the Issuer) without recourse (subject to the obligations herein): (i) all right, title and interest in and to the Initial Financed Student Loans, and all obligations of the Obligors thereunder, together with all documents relating thereto, including the related Student Loan Files and all rights and privileges relating thereto, (ii) all payments on or collections received thereunder after the Cutoff Date; (iii) all of its right, title and interest in all funds on deposit from time to time in the Trust Accounts, including the Reserve Account Initial Deposit and all investments and proceeds thereof (including all income thereon); and (iv) all proceeds of any and all of the foregoing.
Conveyance of Initial Financed Student Loans. (a) In consideration of the Issuer's delivery to or upon the order of the Sellers on the Closing Date of the Series 1998-1 Certificates; each of the Sellers agrees to, and the Sellers do hereby, as evidenced by a duly executed written assignment and bill of sale in the form of Exhibit D, contribute, transfer, assign, xxx over and otherwise convey to the Eligible Lender Trustee on behalf of the Issuer, without recourse (subject to the obligations herein):
Conveyance of Initial Financed Student Loans. (a) In consideration of the Issuer's delivery to or upon the order of the Seller of the Series 1996-2 Certificates, the Seller agrees to, and the Seller does hereby, as evidenced by a duly executed written assignment and xxxx of sale in the form of Exhibit D, contribute, transfer, assign, set over and otherwise convey to the Eligible Lender Trustee on behalf of the Issuer, without recourse (subject to the obligations herein):
Conveyance of Initial Financed Student Loans. (a) In consideration of the Issuer's delivery to or upon the order of TWIC on the Closing Date of $239,134,328.76 and the other amounts to be distributed from time to time to the Sellers in accordance with the terms of this Agreement, each of the Sellers agrees to, and the Sellers do hereby, as evidenced by a duly executed written assignment and xxxx of sale in the form of Exhibit D, sell, transfer, assign, set over and otherwise convey to the Eligible Lender Trustee on behalf of the Issuer, without recourse (subject to the obligations herein):
Conveyance of Initial Financed Student Loans. In consideration of the Purchaser’s delivery to or upon the order of the Seller on the Closing Date of $769,934,812 and the other amounts to be distributed from time to time to the Seller in accordance with the terms of this Agreement, the Seller does hereby, as evidenced by a duly executed written assignment in the form of Exhibit A, sell, transfer, assign, set over and otherwise convey to the Purchaser (and, with respect to legal title, to the Depositor Eligible Lender Trustee), without recourse (subject to the obligations herein):
