Common use of Payment to Noteholders Clause in Contracts

Payment to Noteholders. 11 SECTION 3.02. Maintenance of Office or Agency................................11 SECTION 3.03. Money for Payments to Be Held in Trust.........................12 SECTION 3.04. Existence......................................................13 SECTION 3.05. Protection of Indenture Trust Estate...........................13 SECTION 3.07. Performance of Obligations; Servicing of Student Loans.........14 SECTION 3.08. Negative Covenants.............................................17 SECTION 3.09. Annual Statement as to Compliance..............................17

Payment to Noteholders. 11 SECTION 3.02. Maintenance of Office or Agency..............................................................11 SECTION 3.03. Money for Payments to To Be Held in Trust.........................12 .......................11 SECTION 3.04. Existence..........................................................................................................13 SECTION 3.05. Protection of Indenture Trust Estate....................................................13 SECTION 3.06. Opinions as to Indenture Trust Estate........................14 SECTION 3.07. Performance of Obligations; Master Servicing of Financed Student Loans.........................................................14 SECTION 3.08. Negative Covenants........................................................................................17 SECTION 3.09. Annual Statement as to Compliance..........................................................17

Payment to Noteholders. 11 SECTION 3.02. Maintenance of Office or Agency................................11 SECTION 3.03. Money for Payments to Be Held in Trust.........................12 11 SECTION 3.04. Existence......................................................13 SECTION 3.05. Protection of Indenture Trust Estate...........................13 SECTION 3.07. Performance of Obligations; Servicing of Student Loans.........14 SECTION 3.08. Negative Covenants.............................................17 16 SECTION 3.09. Annual Statement as to Compliance..............................17

Payment to Noteholders. 11 12 SECTION 3.02. Maintenance of Office or Agency................................11 ............................ 12 SECTION 3.03. Money for Payments to To Be Held in Trust.............................................. 12 SECTION 3.04. Existence......................................................13 .................................................. 14 SECTION 3.05. Protection of Indenture Trust Estate...........................13 ....................... 15 SECTION 3.06. Opinions as to Indenture Trust Estate...................... 15 SECTION 3.07. Performance of Obligations; Servicing of Student Loans.........14 ................................. 16 SECTION 3.08. Negative Covenants.............................................17 ......................................... 19 SECTION 3.09. Annual Statement as to Compliance..............................17.......................... 20

Payment to Noteholders. 11 SECTION 3.02. Maintenance of Office or Agency................................11 .............................12 SECTION 3.03. Money for Payments to To Be Held in Trust...............................................12 SECTION 3.04. Existence......................................................13 ...................................................14 SECTION 3.05. Protection of Indenture Trust Estate...........................13 ........................14 SECTION 3.06. Opinions as to Indenture Trust Estate.......................14 SECTION 3.07. Performance of Obligations; Master Servicing of Financed Student Loans.........14 .............................................15 SECTION 3.08. Negative Covenants.............................................17 ..........................................18 SECTION 3.09. Annual Statement as to Compliance..............................17...........................19

Payment to Noteholders. 11 SECTION 3.02. Maintenance of Office or Agency................................11 ....................................................... 12 SECTION 3.03. Money for Payments to To Be Held in Trust......................................................................... 12 SECTION 3.04. Existence......................................................13 ............................................................................. 14 SECTION 3.05. Protection of Indenture Trust Estate...........................13 .................................................. 14 SECTION 3.06. Opinions as to Indenture Trust Estate................................................. 14 SECTION 3.07. Performance of Obligations; Master Servicing of Financed Student Loans.........14 ................ 15 SECTION 3.08. Negative Covenants.............................................17 .................................................................... 18 SECTION 3.09. Annual Statement as to Compliance..............................17..................................................... 19

Payment to Noteholders. 11 SECTION 3.02. 3.02 Maintenance of Office or Agency............................................................................................11 SECTION 3.03. 3.03 Money for Payments to To Be Held in Trust.........................12 .....................................................11 SECTION 3.04. 3.04 Existence........................................................................................................................................13 SECTION 3.05. 3.05 Protection of Indenture Trust Estate..................................................................................13 SECTION 3.07. 3.06 Opinions as to Indenture Trust Estate......................................................13 SECTION 3.07 Performance of Obligations; Servicing of Financed Student Loans.....................................14 SECTION 3.08. Negative Covenants.............................................17 SECTION 3.09. Annual Statement as to Compliance..............................17

Payment to Noteholders. 11 16 SECTION 3.02. 3.02 Maintenance of Office or Agency................................11 ..............................16 SECTION 3.03. 3.03 Money for Payments to To Be Held in Trust.........................12 .......................16 SECTION 3.04. 3.04 Existence......................................................13 ....................................................18 SECTION 3.05. 3.05 Protection of Indenture Trust Estate...........................13 .........................18 SECTION 3.07. 3.06 Opinions as to Indenture Trust Estate........................18 SECTION 3.07 Performance of Obligations; Servicing of Financed Student Loans.........14 .......................................19 SECTION 3.08. Negative Covenants.............................................17 SECTION 3.09. Annual Statement as to Compliance..............................17

Payment to Noteholders. 11 SECTION 3.023.2. Maintenance of Office or Agency...............................................................11 SECTION 3.033.3. Money for Payments to To Be Held in Trust.................................................12 SECTION 3.043.4. Existence......................................................Existence ....................................................13 SECTION 3.053.5. Protection of Indenture Trust Estate.....................................................13 SECTION 3.073.6. Opinions as to Indenture Trust Estate.........................14 SECTION 3.7. Performance of Obligations; Servicing of Student Loans.................14 SECTION 3.083.8. Negative Covenants.........................................................................................17 SECTION 3.093.9. Annual Statement as to Compliance...........................................................17

Payment to Noteholders. 11 16 SECTION 3.02. 3.02 Maintenance of Office or Agency................................11 ............................................................16 SECTION 3.03. 3.03 Money for Payments to To Be Held in Trust.........................12 .....................................................16 SECTION 3.04. 3.04 Existence......................................................13 ..................................................................................17 SECTION 3.05. 3.05 Protection of Indenture Trust Estate...........................13 .......................................................18 SECTION 3.07. 3.06 Opinions as to Indenture Trust Estate......................................................18 SECTION 3.07 Performance of Obligations; Servicing of Financed Student Loans.........14 ............................19 SECTION 3.08. Negative Covenants.............................................17 SECTION 3.09. Annual Statement as to Compliance..............................17

Payment to Noteholders. 11 9 SECTION 3.02. Maintenance of Office or Agency................................11 ...................................................................9 SECTION 3.03. Money for Payments to Be Held in Trust.........................12 ............................................................9 SECTION 3.04. Existence......................................................13 ........................................................................................11 SECTION 3.05. Protection of Indenture Trust Estate...........................13 .............................................................11 SECTION 3.06. Opinions as to Indenture Trust Estate............................................................12 SECTION 3.07. Performance of Obligations; Servicing of Student Loans.........14 ...........................................12 SECTION 3.08. Negative Covenants.............................................17 ...............................................................................14 SECTION 3.09. Annual Statement as to Compliance..............................17................................................................15

Payment to Noteholders. 11 14 SECTION 3.02. Maintenance of Office or Agency................................11 ..................................................................14 SECTION 3.03. Money for Payments to Be Held in Trust.........................12 ...........................................................14 SECTION 3.04. Existence......................................................13 ........................................................................................16 SECTION 3.05. Protection of Indenture Trust Estate...........................13 .............................................................16 SECTION 3.06. Opinions as to Indenture Trust Estate............................................................17 SECTION 3.07. Performance of Obligations; Servicing of Student Loans.........14 ...........................................17 SECTION 3.08. Negative Covenants.............................................17 ...............................................................................19 SECTION 3.09. Annual Statement as to Compliance..............................17................................................................20

Payment to Noteholders. 11 10 SECTION 3.02. Maintenance of Office or Agency................................11 ...........................10 SECTION 3.03. Money for Payments to Be Held in Trust.........................12 ....................10 SECTION 3.04. Existence......................................................13 .................................................12 SECTION 3.05. Protection of Indenture Trust Estate...........................13 ......................12 SECTION 3.07. Performance of Obligations; Servicing of Student Loans.........14 ....13 SECTION 3.08. Negative Covenants.............................................17 SECTION 3.09. Annual Statement as to Compliance..............................17.

Payment to Noteholders. 11 12 SECTION 3.02. Maintenance of Office or Agency................................11 ............ 13 SECTION 3.03. Money for Payments to Be Held in Trust.........................12 ..... 13 SECTION 3.04. Existence......................................................13 .................................. 15 SECTION 3.05. Protection of Indenture Trust Estate...........................13 ....... 15 SECTION 3.06. Opinions as to Indenture Trust Estate...... 16 SECTION 3.07. Performance of Obligations; Servicing of Student Loans.........14 .............................. 16 SECTION 3.08. Negative Covenants.............................................17 ......................... 19 SECTION 3.09. Annual Statement as to Compliance..............................17.......... 20

Payment to Noteholders. 11 12 SECTION 3.02. Maintenance of Office or Agency................................11 .............................. 12 SECTION 3.03. Money for Payments to To Be Held in Trust................................................ 12 SECTION 3.04. Existence......................................................13 .................................................... 14 SECTION 3.05. Protection of Indenture Trust Estate...........................13 ......................... 15 SECTION 3.06. Opinions as to Indenture Trust Estate........................ 15 SECTION 3.07. Performance of Obligations; Servicing of Student Loans.........14 ................................... 16 SECTION 3.08. Negative Covenants.............................................17 ........................................... 19 SECTION 3.09. Annual Statement as to Compliance..............................17............................ 20

Payment to Noteholders. 11 14 SECTION 3.02. Maintenance of Office or Agency................................11 ............... 14 SECTION 3.03. Money for Payments to To Be Held in Trust.........................12 ........ 14 SECTION 3.04. Existence......................................................13 ..................................... 16 SECTION 3.05. Protection of Indenture Trust Estate...........................13 .......... 17 SECTION 3.06. Opinions as to Indenture Trust Estate......... 17 SECTION 3.07. Performance of Obligations; Servicing of Student Loans.........14 ....................................... 18 SECTION 3.08. Negative Covenants.............................................17 ............................ 21 SECTION 3.09. Annual Statement as to Compliance..............................17............. 21 SECTION 3.10. Issuer May Consolidate, etc., Only on Certain Terms....................................... 22

Payment to Noteholders. 11 16 SECTION 3.02. 3.02 Maintenance of Office or Agency................................11 ............................................................16 SECTION 3.03. 3.03 Money for Payments to To Be Held in Trust.........................12 .....................................................17 SECTION 3.04. 3.04 Existence......................................................13 ..................................................................................18 SECTION 3.05. 3.05 Protection of Indenture Trust Estate...........................13 .......................................................18 SECTION 3.07. 3.06 Opinions as to Indenture Trust Estate......................................................19 SECTION 3.07 Performance of Obligations; Servicing of Financed Student Loans.........14 ............................19 SECTION 3.08. Negative Covenants.............................................17 SECTION 3.09. Annual Statement as to Compliance..............................17

Payment to Noteholders. 11 10 SECTION 3.02. Maintenance of Office or Agency................................11 SECTION 3.03. Money for Payments to Be Held in Trust.........................12 11 SECTION 3.04. Existence......................................................13 12 SECTION 3.05. Protection of Indenture Trust Estate...........................13 SECTION 3.07. Performance of Obligations; Servicing of Student Loans.........14 SECTION 3.08. Negative Covenants.............................................17 16 SECTION 3.09. Annual Statement as to Compliance..............................1716

Payment to Noteholders. 11 10 SECTION 3.02. Maintenance of Office or Agency................................11 ..............................10 SECTION 3.03. Money for Payments to Be Held in Trust.........................12 .......................10 SECTION 3.04. Existence......................................................13 ....................................................12 SECTION 3.05. Protection of Indenture Trust Estate...........................13 .........................12 SECTION 3.07. Performance of Obligations; Servicing of Student Loans.........14 .......13 SECTION 3.08. Negative Covenants.............................................17 ...........................................15 SECTION 3.09. Annual Statement as to Compliance..............................17............................16 SECTION 3.10. Issuer May Consolidate, etc., Only on Certain Terms..........16 SECTION 3.11. Successor or Transferee......................................18

Payment to Noteholders. 11 10 SECTION 3.02. Maintenance of Office or Agency................................11 ............................ 10 SECTION 3.03. Money for Payments to Be Held in Trust.........................12 ..................... 10 SECTION 3.04. Existence......................................................13 Existence ................................................. 12 SECTION 3.05. Protection of Indenture Trust state........................ 12 SECTION 3.06. Opinions as to Indenture Trust Estate...........................13 ...................... 12 SECTION 3.07. Performance of Obligations; Servicing of Student Trust Loans.........14 ....... 13 SECTION 3.08. Negative Covenants.............................................17 SECTION 3.09. Annual Statement as to Compliance..............................17.