Deceased. With respect to any Loan other than a Charged Off Loan, in the event any Borrower subject to the Portfolio Management Services is deceased, FMER shall be obligated to perform the applicable activities required under this Agreement, the Program Guidelines and the Servicing Agreement related to such deceased person.
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Sources: Loan Program Agreement (First Marblehead Corp), Loan Program Agreement (First Marblehead Corp)
Deceased. With respect to any Loan other than a Charged Off Loan, in the event any Borrower or Cosigner subject to the Portfolio Management Services is deceased, FMER shall be obligated to perform the applicable activities required under this Agreement, the Program Guidelines and the Servicing Agreement related to such deceased person.
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