Common use of Loan Transfer Statement Clause in Contracts

Loan Transfer Statement. Upon Funding's request, SLMA shall deliver to Funding one (1) or more Loan Transfer Statements (Department of Education Form OE 1074 or its equivalent) provided by Funding, executed by SLMA and dated the date of the ▇▇▇▇ of Sale. SLMA agrees that Funding and the Interim Eligible Lender Trustee may use the ▇▇▇▇ of Sale, including the Loan Transmittal Summary Form attached to the ▇▇▇▇ of Sale, in lieu of OE Form 1074, as official notification to the Guarantor of the assignment by SLMA to the Interim Eligible Lender Trustee on behalf of Funding of the Loans listed on the ▇▇▇▇ of Sale.

Loan Transfer Statement. Upon Funding's request, SLMA shall deliver to Funding one (1) or more Loan Transfer Statements (Department of Education Form OE 1074 or its equivalent) provided by Funding, executed by SLMA and dated the date of the related ▇▇▇▇ of Sale. SLMA agrees that Funding and the Interim Eligible Lender Trustee may use the related ▇▇▇▇ of Sale, including the related Loan Transmittal Summary Form attached to the that ▇▇▇▇ of Sale, in lieu of OE Form 1074, as official notification to the Guarantor of the assignment by SLMA to the Interim Eligible Lender Trustee on behalf of Funding of the Loans listed on the related ▇▇▇▇ of Sale.