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

Agreements to Sell, Purchase and Resell. (a) Nelnet Funding hereby agrees, subject to all the terms and conditions set forth herein, to cause the Company 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, each of the Underwriters severally and not jointly agrees to purchase from the Company, such principal amount of each Class of the Notes at such respective purchase prices as are set forth next to the name of each Underwriter on Schedule A hereto.