Funding Subaccount. On each Transfer Date during the Funding Period on which Other Subsequent Student Loans are to be conveyed to the Eligible Lender Trustee on behalf of the Issuer, the Administrator shall instruct the Indenture Trustee to withdraw an amount equal to 100.00% of the sum of (x) the principal balance of, plus (y) to the extent capitalized or to be capitalized, accrued interest on, such Other Subsequent Student Loans (each sum of clauses (x) and (y) set forth in this sentence and the previous sentence being, a "Transferred Balance"), first from the Escrow Account until all amounts deposited therein during the calendar month immediately preceding the Transfer Date have been reduced to zero and then any remainder from the Other Additional Pre-
Funding Subaccount. The Administrator shall instruct the Indenture Trustee in writing to distribute any Transferred Balance to or upon the order of the Seller upon satisfaction of the conditions set forth in Section 2.02(b) with respect to such transfer. On each Transfer Date on which Guarantee Fee Advances are to be conveyed to the Eligible Lender Trustee on behalf of the Issuer, the Administrator shall instruct the Indenture Trustee in writing to withdraw from the Other Additional Pre-Funding Subaccount an amount equal to the principal balance of such Guarantee Fee Advances and to distribute such amount to or upon the order of the Seller upon satisfaction of the conditions set forth in Section 2.02(b) with respect to such transfer of Guarantee Fee Advances.
Funding Subaccount. The Administrator shall instruct the Indenture Trustee to distribute any Transferred Balance to or upon the order of the Seller upon satisfaction of the conditions set forth in Section 2.02(b) with respect to such transfer. On each Transfer Date on which Subsequent Pool Student Loans are to be conveyed to the Eligible Lender Trustee on behalf of the Issuer, the Administrator shall instruct the Indenture Trustee to withdraw an amount equal to ____% of the Transferred Balance of such Subsequent Pool Student Loans, first from the Subsequent Pre-Funding Subaccount until the Subsequent Pool Pre-Funded Amount has been reduced to zero and then any remainder from the Other Additional Pre-Funding Subaccount and to deposit such amount into the Reserve Account upon satisfaction of the conditions set forth in Section 2.02(b) with respect to such transfer. On each Transfer Date on which Guarantee Fee Advances are to be conveyed to the Eligible Lender Trustee on behalf of the Issuer, the Administrator shall instruct the Indenture Trustee to withdraw from the Other Additional Pre-Funding Subaccount an amount equal to the principal balance of such Guarantee Fee Advances and to distribute such amount to or upon the order of the Seller upon satisfaction of the conditions set forth in Section 2.02(b) with respect to such transfer of Guarantee Fee Advances.
Funding Subaccount. The Administrator shall instruct the Indenture Trustee to distribute any Transferred Balance to or upon the order of the Seller upon satisfaction of the conditions set forth in Section 2.02(b) with respect to such transfer. On each Transfer Date on which Subsequent Pool Student Loans are to be conveyed to the Eligible Lender Trustee on behalf of the Issuer, the Administrator shall instruct the Indenture Trustee to withdraw an amount equal to _____% of the Transferred Balance of such Subsequent Pool Student Loans, first from the Subsequent Pre-Funding Subaccount until the Subsequent Pool Pre-Funded Amount has been reduced to zero and then any remainder from the Other Additional Pre-Funding Subaccount and to deposit such amount into the Reserve Account upon satisfaction of the conditions set forth in Section 2.02(b) with respect to such transfer.
Funding Subaccount. This Agreement shall constitute a fixed price contract in accordance with Section 860G(a)(3)(A)(ii) of the Code.
Funding Subaccount. The remainder of the amount on deposit in the Pre-Funding Account equal to $________ will be credited on the Closing Date to a designated subaccount maintained by the Indenture Trustee within the Pre-Funding Account (the "Other Additional Pre-Funding Subaccount"). No funds in the Other Additional Pre-Funding Subaccount may be used to purchase Subsequent Pool Student Loans until the Subsequent Pool Pre-Funded Amount has been reduced to zero. On each Transfer Date during the Funding Period on which Subsequent Pool Student Loans to be conveyed to the Eligible Lender Trustee on behalf of the Issuer, the Administrator shall instruct the Indenture Trustee to withdraw an amount equal to ____% of the sum of (x) the principal balance of, plus (y) to the extent capitalized or to be capitalized, accrued interest on, such Subsequent Pool Student Loans, first from the Subsequent Pool Pre-Funding Subaccount until the Subsequent Pool Pre-Funded Amount has been reduced to zero and then any remainder from the Other Additional Pre-
Funding Subaccount. On each Transfer Date during the Funding Period on which Other Subsequent Student Loans to be conveyed to the Eligible Lender Trustee on behalf of the Issuer, the Administrator shall instruct the Indenture Trustee to withdraw an amount equal to
Funding Subaccount. “Funding Subaccount” shall have the meaning ascribed to such term in Subsection 3.2(a).
