Common use of Conveyance of Subsequent Financed Student Loans Clause in Contracts

Conveyance of Subsequent Financed Student Loans. (a) Subject to the conditions set forth in paragraph (b) below, the Transferor shall contribute, transfer, sell, assign, set over and otherwise convey to the Eligible Lender Trustee on behalf of the Issuer, without recourse (subject to the obligations herein), all right, title and interest in and to each Subsequent Financed Student Loan, and all obligations of the Obligors thereunder, including all moneys paid thereunder (other than Interest Subsidy Payments and Special Allowance Payments payable through the related Subsequent Cut-off Date), and all written communications received by the Transferor with respect thereto and still retained by the Transferor in accordance with its retention policies (including borrower correspondence, notices of death, disability or bankruptcy and requests for deferrals or forbearances), on and after the related Subsequent Cut-off Date, and the proceeds of any and all of the foregoing, in consideration of:

Conveyance of Subsequent Financed Student Loans. (a) Subject In addition to the conditions set forth in paragraph (b) belowFinanced Student Loans transferred on the Closing Date, the Transferor shall contributemay, transferfrom time to time, sell, assign, set over and otherwise convey sell Subsequent Financed Student Loans to the Eligible Lender Trustee on behalf Depositor in accordance with the provisions of the Issuer, without recourse (subject to the obligations herein), this Section 9. The sale shall include all right, title and interest of the Transferor in and to each Subsequent Financed Student Loan, and all obligations of the Obligors thereunder, including all moneys paid thereunder (other than Interest Subsidy Payments and Special Allowance Payments payable through the related Subsequent Cut-off Date), and all written communications received by the Transferor with respect thereto and still retained by the Transferor in accordance with its retention policies (including borrower correspondence, notices of death, disability or bankruptcy and requests for deferrals or forbearances), on and after the related Subsequent Cut-off Date, and the proceeds of any and all of the foregoing, in consideration of:.