Application of Trust Funds. (a) On each Distribution Date, the Excess Distribution Certificate Paying Agent shall distribute to the Excess Distribution Certificateholder any amounts payable in respect of the Excess Distribution Certificate in accordance with the Administration Agreement.
Appears in 67 contracts
Samples: Trust Agreement (SLM Student Loan Trust 2006-8), Trust Agreement (SLM Student Loan Trust 2006-2), Trust Agreement (SLM Student Loan Trust 2012-7)
Application of Trust Funds. (a) On each Distribution Date, the Excess Distribution Certificate Paying Agent Trustee shall distribute to the holder of the Excess Distribution Certificateholder Certificate any amounts payable in respect of the Excess Distribution Certificate in accordance with the Administration Agreement.
Appears in 16 contracts
Samples: Trust Agreement, Trust Agreement (SLM Private Credit Student Loan Trust 2005-A), Trust Agreement (SLM Education Credit Funding LLC)
Application of Trust Funds. (a) On each Quarterly Distribution Date, the Excess Distribution Certificate Paying Agent shall distribute to the Excess Distribution Certificateholder any amounts payable in respect of the Excess Distribution Certificate in accordance with the Administration Agreement.
Appears in 13 contracts
Samples: Trust Agreement (SLM Student Loan Trust 2008-4), Trust Agreement (SLM Student Loan Trust 2008-1), Trust Agreement (SLM Student Loan Trust 2007-7)
Application of Trust Funds. (a) On each Distribution Date, the Excess Distribution Certificate Paying Agent shall distribute to the holder of the Excess Distribution Certificateholder Certificate any amounts payable in respect of the Excess Distribution Certificate in accordance with the Administration Agreement.
Appears in 5 contracts
Samples: Trust Agreement (SLM Funding LLC), Trust Agreement (SLM Funding LLC), Trust Agreement (SLM Funding LLC)
Application of Trust Funds. (a) On each Distribution Date, the Excess Distribution Certificate Paying Agent shall distribute to the Excess Distribution Certificateholder Certificateholders any amounts payable in respect of the Excess Distribution Certificate Certificates in accordance with the Administration Agreement.
Appears in 2 contracts
Samples: Trust Agreement (Wachovia Student Loan Trust 2005-1), Trust Agreement (Wachovia Education Loan Funding LLC)
