Common use of Remarketing Terms Determination Date Clause in Contracts

Remarketing Terms Determination Date. (a) Subject to the provisions of the Remarketing Agreement, prior to the Remarketing Terms Determination Date, and unless the holder of the related Call Option has delivered the related Call Option Notice, the Administrator shall re-affirm the capability of the initial Remarketing Agents to perform under the Remarketing Agreement, and/or enter into new remarketing agreements with other or additional remarketing agents, who shall function as the Remarketing Agents with respect to the related Reset Date. On each Remarketing Terms Determination Date, the Trust, the Administrator and the Remarketing Agents will enter into a Remarketing Agency Agreement for the remarketing of the related class of Reset Rate Notes.

Appears in 7 contracts

Samples: Indenture (SLM Funding LLC), Indenture (SLM Student Loan Trust 2005-7), Indenture (SLM Student Loan Trust 2006-5)

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Remarketing Terms Determination Date. (a) Subject to the provisions of the Remarketing Agreement, on or prior to the Remarketing Terms Determination Date, and unless the holder of the related Call Option set forth in Section 7 below has delivered the related Call Option Noticebeen exercised, the Administrator shall re-affirm the capability of the initial Remarketing Agents to perform under the Remarketing Agreement, and/or or enter into new remarketing agreements with other or additional remarketing agents, who shall function as the Remarketing Agents with respect to the related Reset Date. On each Remarketing Terms Determination Date, the Trust, the Administrator and the Remarketing Agents will enter into a an Initial Remarketing Agency Agreement for the remarketing of the related class of Reset Rate Notes.

Appears in 2 contracts

Samples: Administration Agreement (SLM Funding LLC), SLM Funding LLC

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Remarketing Terms Determination Date. (a) Subject to the provisions of the Remarketing Agreement, prior to the Remarketing Terms Determination Date, and unless the holder of the related Call Option has delivered the related Call Option Notice, the Administrator shall re-affirm the capability of the initial Remarketing Agents to perform under the Remarketing Agreement, and/or enter into new remarketing agreements with other or additional remarketing agents, who shall function as the Remarketing Agents with respect to the related Reset Date. On each Remarketing Terms Determination Date, the Trust, the Administrator and the Remarketing Agents will enter into a Remarketing Agency Agreement for the remarketing of the related class of Reset Rate Notes.

Appears in 1 contract

Samples: Administration Agreement (SLM Funding LLC)

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