Priority of Distributions. On each Distribution Date, the Indenture Administrator shall first pay itself and the Indenture Trustee their respective portions of the Indenture Trustee/Indenture Administrator/Eligible Lender Trustee Fee for such Distribution Date plus all other amounts due to them under Section 6.7 of the Indenture for such Distribution Date, shall next pay the Owner Trustee the Owner Trustee Fee for such Distribution Date plus all other amounts due to it (in its capacity as such or individually) under the Trust Agreement for the related Distribution Date, shall next pay the Eligible Lender Trustee its respective portions of the Indenture Trustee/Indenture Administrator/Eligible Lender Trustee Fee for such Distribution Date plus all other amounts due to it under the Eligible Lender Trust Agreements for the related Distribution Date (such Trustee Fees and other amounts not to exceed $30,000 per annum in the aggregate), and then to make the following deposits and distributions in the amounts and in the order of priority set forth below:
Appears in 7 contracts
Samples: Administration Agreement (SLC Student Loan Trust 2007-1), Administration Agreement (SLC Student Loan Trust 2007-2), Administration Agreement (SLC Student Loan Trust 2006-1)
Priority of Distributions. On each Distribution Date, the Indenture Administrator shall first pay itself and the Indenture Trustee their respective portions of the Indenture Trustee/Indenture Administrator/Eligible Lender Trustee Fee for such Distribution Date plus all other amounts due to them under Section 6.7 of the Indenture for such Distribution Date, shall next pay the Owner Trustee the Owner Trustee Fee for such Distribution Date plus all other amounts due to it (in its capacity as such or individually) under the Trust Agreement for the related Distribution Date, shall next pay the Eligible Lender Trustee its respective portions of the Indenture Trustee/Indenture Administrator/Eligible Lender Trustee Fee for such Distribution Date plus all other amounts due to it under the Eligible Lender Trust Agreements for the related Distribution Date (such Trustee Fees and other amounts not to exceed $30,000 per annum in the aggregate), and then to make the following deposits and distributions in the amounts and in the order of priority set forth below:
Appears in 2 contracts
Samples: Administration Agreement (SLC Student Loan Trust 2005-1), Administration Agreement (SLC Student Loan Trust 2004-1)