Obligation of Seller to Forward Payments. Seller shall promptly remit, or cause to be remitted, to the Trustee or the Servicer as it or they may direct, all funds received by Seller after the Scheduled Sale Date which constitute payments of principal or interest or Special Allowance Payments accrued after the Scheduled Sale Date with respect to any Student Loan sold pursuant to Section 2.1 hereof.
Appears in 3 contracts
Samples: Loan Sale and Commitment Agreement (Union Financial Services I Inc), Amended and Restated Agreement (Nelnet Inc), Loan Sale and Commitment Agreement (Union Financial Services I Inc)
Obligation of Seller to Forward Payments. Seller shall promptly remit, or cause to be remitted, to the Trustee or the Servicer as it or they may direct, all funds received by Seller after the Scheduled Sale Date which constitute payments of principal principal, or interest or Special Allowance Payments accrued after the Scheduled Sale Date with respect to any Student Loan sold pursuant to Section 2.1 2.01 hereof.
Appears in 1 contract
Samples: Loan Sale and Commitment Agreement (Union Financial Services I Inc)
Obligation of Seller to Forward Payments. Seller shall promptly remit, or cause to be remitted, to the Trustee or the Servicer as it or they may direct, all funds received by Seller after the Scheduled Sale Date which constitute payments of principal principal, or interest or Special Allowance Payments accrued after the Scheduled Sale Date with respect to any Student Loan sold pursuant to Section 2.1 hereofLoan.
Appears in 1 contract
Obligation of Seller to Forward Payments. Seller shall promptly remit, or cause to be remitted, to the Trustee or the Servicer as it or they may direct, all funds received by Seller after the Scheduled Sale Date which constitute payments of principal or interest or Special Allowance Payments accrued after the Scheduled Sale Date with respect to any Student Loan sold pursuant to Section 2.1 hereof.
Appears in 1 contract
Samples: Custodian Agreement (Nelnet Inc)
