Common use of CURE SERVICING Clause in Contracts

CURE SERVICING. At the Trust's or NSLF's request, the Subservicer agrees to perform additional servicing activities not required under the terms of this Agreement for those Education Loans transferred to Subservicer as Converted Education Loans which have not been previously serviced in accordance with the Education Act and Regulations, and which require additional servicing activity to attempt to maintain or reinstate the loans' principal and interest guarantee from the Guarantor ("Cure Procedures"). The Subservicer, utilizing Cure Procedures approved by the Guarantor, shall use the Subservicer's best efforts to cure all defects caused by the Trust or NSLF. The Subservicer makes no representation or warranty that the guarantee on each Education Loan will be reinstated regardless of the Subservicer following the Cure Procedures as approved by the Guarantor. The Master Servicer agrees to pay the Subservicer those fees for Cure Procedures described in Schedule A under the topic entitled "Additional Servicing Activity".

Appears in 9 contracts

Samples: Subservicing Agreement (Nelnet Student Loan Trust 2008-2), Subservicing Agreement (Nelnet Student Loan Trust 2006-1), Subservicing Agreement (Nelnet Student Loan Trust 2008-3)

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CURE SERVICING. At the Trust's request of the Trust or NSLF's request, the Subservicer Servicer agrees to cause the Subservicers to perform additional servicing activities not required under the terms of this Agreement for those Education Loans transferred to Subservicer Servicer as Converted Education Loans which have not been previously serviced in accordance with the Education Act and Regulations, and which require additional servicing activity to attempt to maintain or reinstate the loans' principal and interest guarantee from the Guarantor ("Cure Procedures"). The SubservicerServicer shall cause the Subservicers, utilizing Cure Procedures approved by the Guarantor, shall to use the Subservicer's Subservicers' best efforts to cure all defects caused by the Trust or NSLF. The Subservicer Servicer makes no representation or warranty that the guarantee on each Education Loan will be reinstated regardless of the Subservicer Subservicers following the Cure Procedures as approved by the Guarantor. The Master Servicer agrees Trust and NSLF agree to pay the Subservicer Servicer those fees for Cure Procedures Services described in Schedule A under the topic entitled "Additional Servicing Activity".

Appears in 4 contracts

Samples: Master Servicing Agreement (Nelnet Student Loan Funding LLC), Master Servicing Agreement (Nelnet Student Loan Funding LLC), 2 Master Servicing Agreement (Nelnet Student Loan Funding LLC)

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CURE SERVICING. At the Trust's ’s or NSLF's ’s request, the Subservicer agrees to perform additional servicing activities not required under the terms of this Agreement for those Education Loans transferred to Subservicer as Converted Education Loans which have not been previously serviced in accordance with the Education Act and Regulations, and which require additional servicing activity to attempt to maintain or reinstate the loans' principal and interest guarantee from the Guarantor ("Cure Procedures"). The Subservicer, utilizing Cure Procedures approved by the Guarantor, shall use the Subservicer's ’s best efforts to cure all defects caused by the Trust or NSLF. The Subservicer makes no representation or warranty that the guarantee on each Education Loan will be reinstated regardless of the Subservicer following the Cure Procedures as approved by the Guarantor. The Master Servicer agrees to pay the Subservicer those fees for Cure Procedures described in Schedule A under the topic entitled "Additional Servicing Activity".

Appears in 1 contract

Samples: Subservicing Agreement (Nelnet Student Loan Trust 2009-2)

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