Ongoing Obligation. If at any time during the term of this Agreement, any of the representations contained in this Section 6 are no longer true, Servicer will immediately notify FMC, and FMC shall have the immediate right to terminate this Agreement, without further obligation or penalty. FMC will not be required to pay any Early Termination or Record Return/Deconversion fee if this Agreement is terminated pursuant to this Section 6.06.
Appears in 3 contracts
Sources: Private Student Loan Servicing Agreement (National Collegiate Funding LLC), Private Student Loan Servicing Agreement (First Marblehead Corp), Private Student Loan Servicing Agreement (National Collegiate Student Loan Trust 2006-3)