Regarding the Higher Education Act. The Depositor shall, both before and after each Closing Date, take all such action, or refrain from taking such action, to the extent necessary and reasonable to be taken or not taken by the Depositor in its capacity as assignor in order to comply with the requirements of the Higher Education Act, so that the receipt of Special Allowance Payments and Interest Subsidy Payments, if applicable, with respect to Financed Student Loans will not be adversely affected.
Appears in 6 contracts
Samples: Depositor Transfer and Sale Agreement (Education Capital I LLC), Depositor Transfer and Sale Agreement (Education Capital I LLC), Depositor Transfer and Sale Agreement (Education Funding Capital Trust I)
Regarding the Higher Education Act. The Depositor shall, both before and or after each the Closing Date, take all such action, or refrain from taking such action, to the extent necessary and reasonable to be taken or not taken by the Depositor in its capacity as assignor in order to comply with the requirements of the Higher Education Act, so that the receipt of Special Allowance Payments and Interest Subsidy Payments, if applicable, with respect to Financed Student Loans will not be adversely affected.
Appears in 2 contracts
Samples: Transfer and Sale Agreement (Student Loan Funding LLC), Transfer and Sale Agreement (Student Loan Funding LLC)
Regarding the Higher Education Act. The Depositor shall, both before and after each the Closing Date, take all such action, or refrain from taking such action, to the extent necessary and reasonable to be taken or not taken by the Depositor in its capacity as assignor in order to comply with the requirements of the Higher Education Act, so that the receipt of Special Allowance Payments and Interest Subsidy Payments, if applicable, with respect to Financed Student Loans will not be adversely affected.
Appears in 1 contract
Samples: Depositor Transfer and Sale Agreement (Education Capital I LLC)
