Representations of the Administrator Sample Clauses

Representations of the Administrator. The Administrator certifies to the Sub-Administrator that this Agreement has been duly authorized by the Administrator and, when executed and delivered by the Administrator, will constitute a legal, valid and binding obligation of the Administrator, enforceable against the Administrator in accordance with its terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties.
Representations of the Administrator. The Administrator makes the following representations on which the Issuer is deemed to have relied in acquiring (through the Eligible Lender Trustee) the Financed Student Loans being conveyed pursuant to this Agreement. The representations speak as of the execution and delivery of this Agreement in the case of the Initial Financed Student Loans, and as of the applicable Transfer Date, in the case of the Additional Financed Student Loans, but shall survive the sale, transfer and assignment of the Financed Student Loans to the Eligible Lender Trustee on behalf of the Issuer and the pledge thereof to the Indenture Trustee pursuant to the Indenture.
Representations of the Administrator. The Administrator makes the following representations on which the Issuer, the Eligible Lender Trustee and any Swap Counterparties are deemed to have relied. The representations 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, Serial Loans and the New Loans, as of the relevant date of assignment in the case of any Qualified Substitute Student Loan, as of the date of origination in the case of any Consolidation Loan originated by 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 of the Financed Student Loans to the Eligible Lender Trustee on behalf of the Issuer and the pledge thereof to the Indenture Trustee pursuant to the Indenture.
Representations of the Administrator. The Administrator represents and warrants to the Trust that:
Representations of the Administrator. The Administrator represents and warrants to the Fund that:
Representations of the Administrator. 3.5.1 The Administrator is empowered under applicable law and by its organizational documents to enter into and perform the services contemplated in this Agreement, and this Agreement, when executed and delivered by the parties hereto, will constitute a legal, valid and binding obligation of the Administrator enforceable against the Administrator in accordance with its terms.
Representations of the Administrator. The Administrator makes the following representations on which the Issuer and any Swap Counterparties are deemed to have relied. The representations speak as of the execution and delivery of this Agreement and shall be deemed to be made on each of the Closing Dates and shall survive the periodic sale of the Financed Student Loans to the Eligible Lender Trustee on behalf of the Issuer and the pledge thereof to the Indenture Trustee pursuant to the Indenture.
Representations of the Administrator. The Administrator represents and warrants that: (1) the Administrator will perform comprehensive tests on its systems to simulate the actual turning of the century. These tests shall be intended to identify any operational issues caused by the century change at midnight December 31, 1999. The Administrator agrees to implement by December 31, 1998, all necessary updates and changes to its systems, if any, to accommodate the turn of the century; and (2) this Agreement has been duly authorized, executed and delivered by the Administrator, and constitutes a legal, valid and binding obligation of the Administrator, enforceable against the Administrator in accordance with its terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties.
Representations of the Administrator. The Administrator represents and warrants that:‌
Representations of the Administrator. 13.1 The Administrator represents and warrants to the Company that: