Priority of Distributions. On each Distribution Date, the Indenture Trustee shall first reimburse itself for all amounts due under Section 6.7 of the Indenture and then shall make the following deposits and distributions in the amounts and in the order of priority set forth below:
Appears in 35 contracts
Samples: Administration Agreement (SLM Funding LLC), Administration Agreement (SLM Student Loan Trust 2005-8), Administration Agreement (SLM Funding LLC)
Priority of Distributions. On each Distribution Date, the Indenture Trustee shall first reimburse itself for all amounts due under Section 6.7 of make the Indenture payments in sub-clause (z) below and then shall make the following deposits and distributions in the amounts and in the order of priority set forth below:
Appears in 32 contracts
Samples: Administration Agreement (Navient Student Loan Trust 2015-3), Administration Agreement (Navient Student Loan Trust 2015-2), Administration Agreement (Navient Student Loan Trust 2015-1)
Priority of Distributions. On each Quarterly Distribution Date, the Indenture Trustee shall first reimburse itself for all amounts due under Section 6.7 of the Indenture and then shall make the following deposits and distributions in the amounts and in the order of priority set forth below:
Appears in 7 contracts
Samples: Administration Agreement (SLM Student Loan Trust 2008-5), Administration Agreement (SLM Student Loan Trust 2008-7), Administration Agreement (SLM Student Loan Trust 2006-7)
Priority of Distributions. On each Distribution Date, the Indenture Trustee shall first reimburse itself for all amounts due under Section 6.7 of the Indenture and then shall Administration Agreement make the following deposits and distributions in the amounts and in the order of priority set forth below:
Appears in 3 contracts
Samples: Administration Agreement (SLM Student Loan Trust 2006-1), Administration Agreement (SLM Student Loan Trust 2006-9), Administration Agreement (SLM Student Loan Trust 2006-2)
Priority of Distributions. On each Distribution Date, the The Indenture Trustee shall first reimburse itself for all amounts due under Section 6.7 of the Indenture and then shall make the following deposits and distributions in the amounts and in the order of priority set forth below:
Appears in 2 contracts
Samples: Master Administration Agreement (SLM Funding LLC), Master Administration Agreement (SLM Funding LLC)
Priority of Distributions. On each Quarterly Distribution Date, the Indenture Trustee shall first reimburse itself for all amounts due under Section 6.7 of make the Indenture payments in sub-clause (z) below and then shall make the following deposits and distributions in the amounts and in the order of priority set forth below:
Appears in 2 contracts
Samples: Administration Agreement (SLM Student Loan Trust 2009-1), Administration Agreement (SLM Student Loan Trust 2009-2)
Priority of Distributions. On each Quarterly Distribution Date, the Indenture Trustee shall first reimburse itself for all amounts due under Section 6.7 of make the Indenture payment in sub-clause (z) below and then shall make the following deposits and distributions in the amounts and in the order of priority set forth below:
Appears in 1 contract
Samples: Administration Agreement (SLM Student Loan Trust 2008-9)
Priority of Distributions. On each Distribution Date, the Indenture Trustee Administrator shall first pay or reimburse itself and the Indenture Trustee for all amounts due under Section 6.7 of the Indenture to it and the Indenture Trustee, next to pay or reimburse the Owner Trustee for all amounts due to it under the Trust Agreement and then shall to make the following deposits and distributions in the amounts and in the order of priority set forth below:
Appears in 1 contract
Samples: Administration Agreement (SLC Student Loan Receivables I Inc)
