Common use of Representations and Warranties of Seller with Respect to the Financed Student Loans Clause in Contracts

Representations and Warranties of Seller with Respect to the Financed Student Loans. The Seller represents and warrants with respect to the Financed Student Loans as set forth in Exhibit C hereto. Such representations and warranties speak as of the execution and delivery of this Agreement and as of the Closing Date, in the case of the Initial Financed Student Loans, as of the applicable Transfer Date, in the case of the Prefunded Loans, New Loans and Serial Loans, as of the date of the relevant Assignment in the case of any Qualified Substitute Student Loan, as of the date of origination in the case of any Consolidation Loan added to the Trust during the Revolving Period and as of the applicable Add-on Consolidation Loan Funding Date, in the case of any Consolidation Loan the principal balance of which is increased by the principal balance of any related Add-on Consolidation Loan, but shall survive the sale, transfer and assignment of the Financed Student Loans to the Eligible Lender Trustee on behalf of the Issuer (and both the origination of such Consolidation Loans and the addition of the principal balance of any Add-on Consolidation Loan) and the pledge thereof to the Indenture Trustee pursuant to the Indenture.

Representations and Warranties of Seller with Respect to the Financed Student Loans. The Seller represents and warrants with respect to the Financed Student Loans as set forth in Exhibit C hereto. Such representations and warranties speak as of the execution and delivery of this Agreement and as of the Closing Date, in the case of the Initial Financed Student Loans, as of the applicable Transfer Date, in the case of the Prefunded Loans, New Loans and Serial Loans, as of the date of the relevant Assignment in the case of any Qualified Substitute Student Loan, as of the date of origination in the case of any Consolidation Loan added to the Trust during the Revolving Funding Period and as of the applicable Add-on Consolidation Loan Funding Date, in the case of any Consolidation Loan the principal balance of which is increased by the principal balance of any related Add-on Consolidation Loan, but shall survive the sale, transfer and assignment of the Financed Student Loans to the Eligible Lender Trustee on behalf of the Depositor and to the Eligible Lender Trustee on behalf of the Issuer (and both the origination of such Consolidation Loans and the addition of the principal balance of any Add-on Consolidation Loan) and the pledge thereof to the Indenture Trustee pursuant to the Indenture.

Representations and Warranties of Seller with Respect to the Financed Student Loans. The Seller represents and warrants with respect to the Financed Student Loans as set forth in Exhibit C hereto. Such representations and warranties speak as of the execution and delivery of this Agreement and as of the Closing Date, in the case of the Initial Financed Student Loans, as of the applicable Transfer Date, in the case of the Prefunded Delayed Delivery Loans, New Loans and Serial Loans, as of the date of the relevant Assignment in the case of any Qualified Substitute Student Loan, as of the date of origination in the case of any Consolidation Loan added to the Trust during the Revolving Period and as of the applicable Add-on Consolidation Loan Funding Date, in the case of any Consolidation Loan the principal balance of which is increased by the principal balance of any related Add-on Consolidation Loan, but shall survive the sale, transfer and assignment of the Financed Student Loans to the Eligible Lender Trustee on behalf of the Issuer (and both the origination of such Consolidation Loans and the addition of the principal balance of any Add-on Consolidation Loan) and the pledge thereof to the Indenture Trustee pursuant to the Indenture.

Representations and Warranties of Seller with Respect to the Financed Student Loans. The Seller represents and warrants with respect to the Financed Student Loans as set forth in Exhibit C hereto, in each case, upon which representations and warranties the Subordinate Note Insurer relies in issuing the Subordinate Note Insurance Policy. Such representations and warranties speak as of the execution and delivery of this Agreement and as of the Closing Date, in the case of the Initial Financed Student Loans, as of the applicable Transfer Date, in the case of the Prefunded Loans, New Loans and Serial Loans, as of the date of the relevant Assignment in the case of any Qualified Substitute Student Loan, as of the date of origination in the case of any Consolidation Loan added to the Trust during the Revolving Period and as of the applicable Add-on Consolidation Loan Funding Date, in the case of any Consolidation Loan the principal balance of which is increased by the principal balance of any related Add-on Consolidation Loan, but shall survive the sale, transfer and assignment of the Financed Student Loans to the Eligible Lender Trustee on behalf of the Issuer (and both the origination of such Consolidation Loans and the addition of the principal balance of any Add-on Consolidation Loan) and the pledge thereof to the Indenture Trustee pursuant to the Indenture.

Representations and Warranties of Seller with Respect to the Financed Student Loans. The Seller represents and warrants with respect to the Financed Student Loans as set forth in Exhibit C hereto. Such representations and warranties speak as of the execution and delivery of this Agreement and as of the Closing Date, in the case of the Initial Financed Student Loans, as of the applicable Transfer Date, in the case of the Prefunded Loans, New Loans and Serial Loans, as of the date of the relevant Assignment in the case of any Qualified Substitute Student Loan, as of the date of origination in the case of any Consolidation Loan added to the Trust during the Revolving Period and as of the applicable Add-on Consolidation Loan Funding Date, in the case of any Consolidation Loan the principal balance of which is increased by the principal balance of any related Add-on Consolidation Loan, but shall survive the sale, transfer and assignment of the Financed Student Loans to the Eligible Lender Trustee on behalf of the Issuer (and both the origination of such Consolidation Loans and the addition of the principal balance of any Add-on Consolidation Loan) and the pledge thereof to the Indenture Trustee pursuant to the Indenture.