Common use of REMOVAL FEE Clause in Contracts

REMOVAL FEE. Should the Trust or NSLF remove any of its Education Loans from a Subservicer's system prior to a scheduled termination or breach of this Agreement, the Trust agrees to pay to the Master Servicer a removal fee of Fifteen Dollars ($15.00) per loan transferred off such Subservicer's computer system, this removal fee shall be in addition to those charges described in Section 2.2 of this Agreement, and in addition to damages arising from a breach of Section 27 hereof.

Appears in 11 contracts

Samples: Master Servicing Agreement (Nelnet Student Loan Trust 2008-4), Master Servicing Agreement (Nelnet Student Loan Trust 2008-3), Master Servicing Agreement (Nelnet Student Loan Trust 2006-3)

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REMOVAL FEE. Should the Master Servicer, the Trust or NSLF remove any of its Education Loans from a the Subservicer's system prior to a scheduled termination or breach of this Agreement, the Trust Master Servicer agrees to pay to the Master Servicer Subservicer a removal fee of Fifteen Dollars ($15.00) per loan transferred off such the Subservicer's computer system, this removal fee shall be in addition to those charges described in Section 2.2 of this Agreement, and in addition to damages arising from a breach of Section 27 hereof.

Appears in 8 contracts

Samples: Subservicing Agreement (Nelnet Student Loan Trust 2008-4), Subservicing Agreement (Nelnet Student Loan Trust 2008-1), Subservicing Agreement (Nelnet Student Loan Trust 2008-2)

REMOVAL FEE. Should the Master Servicer, the Trust or NSLF remove any of its Education Loans from a the Subservicer's ’s system prior to a scheduled termination or breach of this Agreement, the Trust Master Servicer agrees to pay to the Master Servicer Subservicer a removal fee of Fifteen Dollars ($15.00) per loan transferred off such the Subservicer's ’s computer system, this removal fee shall be in addition to those charges described in Section 2.2 of this Agreement, and in addition to damages arising from a breach of Section 27 hereof.

Appears in 1 contract

Samples: Subservicing Agreement (Nelnet Student Loan Trust 2009-2)

REMOVAL FEE. Should the Trust or NSLF remove any of its Education Loans from a Subservicer's ’s system prior to a scheduled termination or breach of this Agreement, the Trust agrees to pay to the Master Servicer a removal fee of Fifteen Dollars ($15.00) per loan transferred off such Subservicer's ’s computer system, this removal fee shall be in addition to those charges described in Section 2.2 of this Agreement, and in addition to damages arising from a breach of Section 27 hereof.

Appears in 1 contract

Samples: Master Servicing Agreement (Nelnet Student Loan Trust 2009-2)

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REMOVAL FEE. Should the Trust or NSLF remove any of its Education Loans from a Subservicer's system prior to a scheduled termination or breach of this Agreement, the Trust agrees to pay to the Master Servicer a removal fee of Fifteen Dollars ($15.00$ ) per loan transferred off such Subservicer's computer system, this removal fee shall be in addition to those charges described in Section 2.2 of this Agreement, and in addition to damages arising from a breach of Section 27 28 hereof.

Appears in 1 contract

Samples: Master Servicing Agreement (Nelnet Student Loan Funding LLC)

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