Common use of Agreements to Sell, Purchase and Resell Clause in Contracts

Agreements to Sell, Purchase and Resell. (a) On the Closing Date, Nelnet Funding hereby agrees, subject to all the terms and conditions set forth herein, to cause the Trust to sell to each of the Underwriters and, upon the basis of the representations, warranties and agreements of Nelnet Funding herein contained and subject to all the terms and conditions set forth herein, on the Closing Date each of the Underwriters severally and not jointly agrees to purchase from the Trust, such principal amount of each Class of the Notes to be sold on the Closing Date at such respective purchase prices as are set forth next to the name of each Underwriter on Schedule A hereto.

Agreements to Sell, Purchase and Resell. (a) On a)On the Closing Date, Nelnet Funding hereby agrees, subject to all the terms and conditions set forth herein, to cause the Trust to sell to each of the Underwriters and, upon the basis of the representations, warranties and agreements of Nelnet Funding herein contained and subject to all the terms and conditions set forth herein, on the Closing Date each of the Underwriters severally and not jointly agrees to purchase from the Trust, such principal amount of each Class of the Notes to be sold on the Closing Date at such respective purchase prices as are set forth next to the name of each Underwriter on Schedule A hereto.