Repurchase by Seller. Upon the occurrence of any of the conditions set forth in Section 5.1 hereof and upon the request of Purchaser or the Eligible Lender Trustee, Seller shall pay to the Eligible Lender Trustee, for the account of Purchaser, an amount equal to the then-outstanding principal balance of such Student Loan, plus any premium in excess of par paid with respect to such Student Loan, plus interest and Special Allowance Payments accrued and unpaid with respect to such Student Loan from the Scheduled Sale Date to and including the date of repurchase, plus any attorneys’ fees, legal expenses, court costs, servicing fees or other expenses incurred by Purchaser, the Eligible Lender Trustee or the appropriate successors or assigns in connection with such Student Loans.
Appears in 4 contracts
Samples: Loan Purchase Agreement (Higher Education Funding I), Loan Purchase Agreement (Higher Education Funding I), Loan Purchase Agreement (Higher Education Funding I)
