Common use of SALE AND PURCHASE OF THE PURCHASED Clause in Contracts

SALE AND PURCHASE OF THE PURCHASED. LOANS SHALL BE SUBJECT TO THE TERMS, CONDITIONS AND COVENANTS, INCLUDING THIS BLANKET ENDORSEMENT, AS SET FORTH IN THE INITIAL PURCHASE AGREEMENT. BY EXECUTION HEREOF, BLUE RIDGE FUNDING ACKNOWLEDGES THAT BLUE RIDGE FUNDING HAS READ, UNDERSTANDS AND AGREES TO BE BOUND BY ALL TERMS, CONDITIONS AND COVENANTS OF THE INITIAL PURCHASE AGREEMENT. THE SALE AND PURCHASE SHALL BE CONSUMMATED UPON FUNDING’S PAYMENT TO BLUE RIDGE FUNDING OF THE INITIAL PAYMENT (AS DEFINED IN THE MASTER TERMS) AND, UNLESS OTHERWISE AGREED BY BLUE RIDGE FUNDING AND FUNDING, SHALL BE EFFECTIVE AS OF THE DATE OF THE INITIAL RELATED XXXX OF SALE.

Appears in 12 contracts

Samples: Additional Purchase Agreement (Navient Student Loan Trust 2014-6), Additional Purchase Agreement (Navient Student Loan Trust 2014-4), Additional Purchase Agreement (Navient Student Loan Trust 2014-3)

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SALE AND PURCHASE OF THE PURCHASED. LOANS SHALL BE SUBJECT TO THE TERMS, CONDITIONS AND COVENANTS, INCLUDING THIS BLANKET ENDORSEMENT, AS SET FORTH IN THE INITIAL PURCHASE AGREEMENT. BY EXECUTION HEREOF, BLUE RIDGE BLUEMONT FUNDING ACKNOWLEDGES THAT BLUE RIDGE BLUEMONT FUNDING HAS READ, UNDERSTANDS AND AGREES TO BE BOUND BY ALL TERMS, CONDITIONS AND COVENANTS OF THE INITIAL PURCHASE AGREEMENT. THE SALE AND PURCHASE SHALL BE CONSUMMATED UPON FUNDING’S PAYMENT TO BLUE RIDGE BLUEMONT FUNDING OF THE INITIAL PAYMENT (AS DEFINED IN THE MASTER TERMS) AND, UNLESS OTHERWISE AGREED BY BLUE RIDGE BLUEMONT FUNDING AND FUNDING, SHALL BE EFFECTIVE AS OF THE DATE OF THE INITIAL RELATED XXXX OF SALE.

Appears in 12 contracts

Samples: Additional Purchase Agreement (SLM Student Loan Trust 2013-3), Additional Purchase Agreement (SLM Student Loan Trust 2013-4), Additional Purchase Agreement (SLM Student Loan Trust 2010-2)

SALE AND PURCHASE OF THE PURCHASED. LOANS SHALL BE SUBJECT TO THE TERMS, CONDITIONS AND COVENANTS, INCLUDING THIS BLANKET ENDORSEMENT, AS SET FORTH IN THE INITIAL PURCHASE AGREEMENTSALE AGREEMENT MASTER LOAN SECURITIZATION TERMS 1000. BY EXECUTION HEREOF, BLUE RIDGE FUNDING THE SELLER ACKNOWLEDGES THAT BLUE RIDGE FUNDING THE SELLER HAS READ, UNDERSTANDS AND AGREES TO BE BOUND BY ALL TERMS, CONDITIONS AND COVENANTS OF THE INITIAL PURCHASE SALE AGREEMENT (“INITIAL SALE AGREEMENT”). THE SALE AND PURCHASE SHALL BE CONSUMMATED UPON FUNDINGTHE PURCHASER’S PAYMENT TO BLUE RIDGE FUNDING THE SELLER OF THE INITIAL PAYMENT (PURCHASE PRICE AS DEFINED IN THE MASTER TERMS) SALE TERMS AND, UNLESS OTHERWISE AGREED BY BLUE RIDGE FUNDING THE SELLER AND FUNDINGTHE PURCHASER, SHALL BE EFFECTIVE AS OF THE DATE OF THE INITIAL RELATED XXXX BXXX OF SALE.

Appears in 9 contracts

Samples: Initial Sale Agreement (Navient Student Loan Trust 2014-3), Initial Sale Agreement (Navient Student Loan Trust 2014-5), Initial Sale Agreement (Navient Student Loan Trust 2014-7)

SALE AND PURCHASE OF THE PURCHASED. LOANS SHALL BE SUBJECT TO THE TERMS, CONDITIONS AND COVENANTS, INCLUDING THIS BLANKET ENDORSEMENT, AS SET FORTH IN THE INITIAL PURCHASE AGREEMENT. BY EXECUTION HEREOF, BLUE RIDGE SLM NATIONAL FUNDING ACKNOWLEDGES THAT BLUE RIDGE SLM NATIONAL FUNDING HAS READ, UNDERSTANDS AND AGREES TO BE BOUND BY ALL TERMS, CONDITIONS AND COVENANTS OF THE INITIAL PURCHASE AGREEMENT. THE SALE AND PURCHASE SHALL BE CONSUMMATED UPON FUNDING’S PAYMENT TO BLUE RIDGE SLM NATIONAL FUNDING OF THE INITIAL PAYMENT (AS DEFINED IN THE MASTER TERMS) AND, UNLESS OTHERWISE AGREED BY BLUE RIDGE SLM NATIONAL FUNDING AND FUNDING, SHALL BE EFFECTIVE AS OF THE DATE OF THE INITIAL RELATED XXXX OF SALE.

Appears in 5 contracts

Samples: Additional Purchase Agreement (SLM Student Loan Trust 2014-2), Additional Purchase Agreement (SLM Student Loan Trust 2013-5), Additional Purchase Agreement (SLM Student Loan Trust 2014-1)

SALE AND PURCHASE OF THE PURCHASED. LOANS SHALL BE SUBJECT TO THE TERMS, CONDITIONS AND COVENANTS, INCLUDING THIS BLANKET ENDORSEMENT, AS SET FORTH IN THE INITIAL PURCHASE AGREEMENTSALE AGREEMENT MASTER LOAN SECURITIZATION TERMS 1000. BY EXECUTION HEREOF, BLUE RIDGE FUNDING THE SELLER ACKNOWLEDGES THAT BLUE RIDGE FUNDING THE SELLER HAS READ, UNDERSTANDS AND AGREES TO BE BOUND BY ALL TERMS, CONDITIONS AND COVENANTS OF THE INITIAL PURCHASE SALE AGREEMENT (“ SALE AGREEMENT”). THE SALE AND PURCHASE SHALL BE CONSUMMATED UPON FUNDINGTHE PURCHASER’S PAYMENT TO BLUE RIDGE FUNDING THE SELLER OF THE INITIAL PAYMENT (AS DEFINED IN THE MASTER TERMS) SALE TERMS AND, UNLESS OTHERWISE AGREED BY BLUE RIDGE FUNDING THE SELLER AND FUNDINGTHE PURCHASER, SHALL BE EFFECTIVE AS OF THE DATE OF THE INITIAL RELATED XXXX OF SALE.

Appears in 5 contracts

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

SALE AND PURCHASE OF THE PURCHASED. LOANS SHALL BE SUBJECT TO THE TERMS, CONDITIONS AND COVENANTS, INCLUDING THIS BLANKET ENDORSEMENT, AS SET FORTH IN THE INITIAL PURCHASE AGREEMENTSALE AGREEMENT MASTER LOAN SECURITIZATION TERMS 1000. BY EXECUTION HEREOF, BLUE RIDGE FUNDING THE SELLER ACKNOWLEDGES THAT BLUE RIDGE FUNDING THE SELLER HAS READ, UNDERSTANDS AND AGREES TO BE BOUND BY ALL TERMS, CONDITIONS AND COVENANTS OF THE INITIAL PURCHASE SALE AGREEMENT (“INITIAL SALE AGREEMENT”). THE SALE AND PURCHASE SHALL BE CONSUMMATED UPON FUNDINGTHE PURCHASER’S PAYMENT TO BLUE RIDGE FUNDING THE SELLER OF THE INITIAL PAYMENT (AS DEFINED IN THE MASTER TERMS) SALE TERMS AND, UNLESS OTHERWISE AGREED BY BLUE RIDGE FUNDING THE SELLER AND FUNDINGTHE PURCHASER, SHALL BE EFFECTIVE AS OF THE DATE OF THE INITIAL RELATED XXXX OF SALE.

Appears in 4 contracts

Samples: Initial Sale Agreement (SLM Student Loan Trust 2005-6), Initial Sale Agreement (SLM Student Loan Trust 2005-7), Initial Sale Agreement (SLM Student Loan Trust 2005-10)

SALE AND PURCHASE OF THE PURCHASED. LOANS SHALL BE SUBJECT TO THE TERMS, CONDITIONS AND COVENANTS, INCLUDING THIS BLANKET ENDORSEMENT, AS SET FORTH IN THE INITIAL PURCHASE AGREEMENT. BY EXECUTION HEREOF, BLUE RIDGE RED WOLF FUNDING ACKNOWLEDGES THAT BLUE RIDGE RED WOLF FUNDING HAS READ, UNDERSTANDS AND AGREES TO BE BOUND BY ALL TERMS, CONDITIONS AND COVENANTS OF THE INITIAL PURCHASE AGREEMENT. THE SALE AND PURCHASE SHALL BE CONSUMMATED UPON FUNDING’S PAYMENT TO BLUE RIDGE RED WOLF FUNDING OF THE INITIAL PAYMENT (AS DEFINED IN THE MASTER TERMS) AND, UNLESS OTHERWISE AGREED BY BLUE RIDGE RED WOLF FUNDING AND FUNDING, SHALL BE EFFECTIVE AS OF THE DATE OF THE INITIAL RELATED XXXX OF SALE.

Appears in 3 contracts

Samples: Additional Purchase Agreement (Navient Student Loan Trust 2015-1), Additional Purchase Agreement (Navient Student Loan Trust 2015-2), Additional Purchase Agreement (Navient Student Loan Trust 2015-3)

SALE AND PURCHASE OF THE PURCHASED. LOANS SHALL BE SUBJECT TO THE TERMS, CONDITIONS AND COVENANTS, INCLUDING THIS BLANKET ENDORSEMENT, AS SET FORTH IN THE INITIAL PURCHASE AGREEMENT. BY EXECUTION HEREOF, BLUE RIDGE FUNDING [SPE SELLER] ACKNOWLEDGES THAT BLUE RIDGE FUNDING [SPE SELLER] HAS READ, UNDERSTANDS AND AGREES TO BE BOUND BY ALL TERMS, CONDITIONS AND COVENANTS OF THE INITIAL PURCHASE AGREEMENT. THE SALE AND PURCHASE SHALL BE CONSUMMATED UPON FUNDING’S PAYMENT TO BLUE RIDGE FUNDING [SPE SELLER] OF THE INITIAL PAYMENT (AS DEFINED IN THE MASTER TERMS) AND, UNLESS OTHERWISE AGREED BY BLUE RIDGE FUNDING [SPE SELLER] AND FUNDING, SHALL BE EFFECTIVE AS OF THE DATE OF THE INITIAL RELATED XXXX OF SALE.

Appears in 2 contracts

Samples: Additional Purchase Agreement (SLM Education Credit Funding LLC), Additional Purchase Agreement (SLM Funding LLC)

SALE AND PURCHASE OF THE PURCHASED. LOANS SHALL BE SUBJECT TO THE TERMS, CONDITIONS AND COVENANTS, INCLUDING THIS BLANKET ENDORSEMENT, AS SET FORTH IN THE INITIAL PURCHASE AGREEMENT. BY EXECUTION HEREOF, BLUE RIDGE BLUEMONT FUNDING ACKNOWLEDGES THAT BLUE RIDGE BLUEMONT FUNDING HAS READ, UNDERSTANDS AND AGREES TO BE BOUND BY ALL TERMS, CONDITIONS AND COVENANTS OF THE INITIAL PURCHASE AGREEMENT. THE SALE AND PURCHASE SHALL BE CONSUMMATED UPON FUNDING’S PAYMENT TO BLUE RIDGE BLUEMONT FUNDING OF THE INITIAL PAYMENT (AS DEFINED IN THE MASTER TERMS) AND, UNLESS OTHERWISE AGREED BY BLUE RIDGE BLUEMONT FUNDING AND FUNDING, SHALL BE EFFECTIVE AS OF THE DATE OF THE INITIAL RELATED XXXX BXXX OF SALE.

Appears in 2 contracts

Samples: Additional Purchase Agreement (SLM Student Loan Trust 2012-2), Additional Purchase Agreement (SLM Student Loan Trust 2013-1)

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SALE AND PURCHASE OF THE PURCHASED. LOANS SHALL BE SUBJECT TO THE TERMS, CONDITIONS AND COVENANTS, INCLUDING THIS BLANKET ENDORSEMENT, AS SET FORTH IN THE INITIAL PURCHASE AGREEMENT. BY EXECUTION HEREOF, BLUE RIDGE FUNDING [SLM ECFC or VG FUNDING] ACKNOWLEDGES THAT BLUE RIDGE FUNDING [SLM ECFC or VG FUNDING] HAS READ, UNDERSTANDS AND AGREES TO BE BOUND BY ALL TERMS, CONDITIONS AND COVENANTS OF THE INITIAL PURCHASE AGREEMENT. THE SALE AND PURCHASE SHALL BE CONSUMMATED UPON FUNDING’S PAYMENT TO BLUE RIDGE FUNDING [SLM ECFC or VG FUNDING] OF THE INITIAL PAYMENT (AS DEFINED IN THE MASTER TERMS) AND, UNLESS OTHERWISE AGREED BY BLUE RIDGE FUNDING [SLM ECFC or VG FUNDING] AND FUNDING, SHALL BE EFFECTIVE AS OF THE DATE OF THE INITIAL RELATED XXXX OF SALE.

Appears in 1 contract

Samples: Purchase Agreement (SLM Funding LLC)

SALE AND PURCHASE OF THE PURCHASED. LOANS SHALL BE SUBJECT TO THE TERMS, CONDITIONS AND COVENANTS, INCLUDING THIS BLANKET ENDORSEMENT, AS SET FORTH IN THE INITIAL PURCHASE AGREEMENT. BY EXECUTION HEREOF, BLUE RIDGE FUNDING ACKNOWLEDGES THAT BLUE RIDGE FUNDING HAS READ, UNDERSTANDS AND AGREES TO BE BOUND BY ALL TERMS, CONDITIONS AND COVENANTS OF THE INITIAL PURCHASE AGREEMENT. THE SALE AND PURCHASE SHALL BE CONSUMMATED UPON FUNDING’S PAYMENT TO BLUE RIDGE FUNDING OF THE INITIAL PAYMENT (AS DEFINED IN THE MASTER TERMS) AND, UNLESS OTHERWISE AGREED BY BLUE RIDGE FUNDING AND FUNDING, SHALL BE EFFECTIVE AS OF THE DATE OF THE INITIAL RELATED XXXX BXXX OF SALE.

Appears in 1 contract

Samples: Additional Purchase Agreement (SLM Student Loan Trust 2014-2)

SALE AND PURCHASE OF THE PURCHASED. LOANS SHALL BE SUBJECT TO THE TERMS, CONDITIONS AND COVENANTS, INCLUDING THIS BLANKET ENDORSEMENT, AS SET FORTH IN THE INITIAL PURCHASE AGREEMENT. BY EXECUTION HEREOF, BLUE RIDGE VG FUNDING ACKNOWLEDGES THAT BLUE RIDGE VG FUNDING HAS READ, UNDERSTANDS AND AGREES TO BE BOUND BY ALL TERMS, CONDITIONS AND COVENANTS OF THE INITIAL PURCHASE AGREEMENT. THE SALE AND PURCHASE SHALL BE CONSUMMATED UPON FUNDING’S PAYMENT TO BLUE RIDGE VG FUNDING OF THE INITIAL PAYMENT (AS DEFINED IN THE MASTER TERMS) AND, UNLESS OTHERWISE AGREED BY BLUE RIDGE VG FUNDING AND FUNDING, SHALL BE EFFECTIVE AS OF THE DATE OF THE INITIAL RELATED XXXX OF SALE.. Purchase Blanket Endorsement (VG Funding) 1

Appears in 1 contract

Samples: Initial Purchase Agreement (SLM Student Loan Trust 2005-5)

SALE AND PURCHASE OF THE PURCHASED. LOANS SHALL BE SUBJECT TO THE TERMS, CONDITIONS AND COVENANTS, INCLUDING THIS BLANKET ENDORSEMENT, AS SET FORTH IN THE INITIAL PURCHASE AGREEMENT. BY EXECUTION HEREOF, BLUE RIDGE FUNDING [SPE SELLER] ACKNOWLEDGES THAT BLUE RIDGE FUNDING [SPE SELLER] HAS READ, UNDERSTANDS AND AGREES TO BE BOUND BY ALL TERMS, CONDITIONS AND COVENANTS OF THE INITIAL PURCHASE AGREEMENT. THE SALE AND PURCHASE SHALL BE CONSUMMATED UPON FUNDING’S PAYMENT TO BLUE RIDGE FUNDING [SPE SELLER] OF THE INITIAL PAYMENT (AS DEFINED IN THE MASTER TERMS) AND, UNLESS OTHERWISE AGREED BY BLUE RIDGE FUNDING [SPE SELLER] AND FUNDING, SHALL BE EFFECTIVE AS OF THE DATE OF THE INITIAL RELATED XXXX BXXX OF SALE.

Appears in 1 contract

Samples: Additional Purchase Agreement (Navient Funding, LLC)

SALE AND PURCHASE OF THE PURCHASED. LOANS SHALL BE SUBJECT TO THE TERMS, CONDITIONS AND COVENANTS, INCLUDING THIS BLANKET ENDORSEMENT, AS SET FORTH IN THE INITIAL PURCHASE AGREEMENT. BY EXECUTION HEREOF, BLUE RIDGE TOWN CENTER FUNDING ACKNOWLEDGES THAT BLUE RIDGE TOWN CENTER FUNDING HAS READ, UNDERSTANDS AND AGREES TO BE BOUND BY ALL TERMS, CONDITIONS AND COVENANTS OF THE INITIAL PURCHASE AGREEMENT. THE SALE AND PURCHASE SHALL BE CONSUMMATED UPON FUNDING’S PAYMENT TO BLUE RIDGE TOWN CENTER FUNDING OF THE INITIAL PAYMENT (AS DEFINED IN THE MASTER TERMS) AND, UNLESS OTHERWISE AGREED BY BLUE RIDGE TOWN CENTER FUNDING AND FUNDING, SHALL BE EFFECTIVE AS OF THE DATE OF THE INITIAL RELATED XXXX BXXX OF SALE.

Appears in 1 contract

Samples: Additional Purchase Agreement (SLM Student Loan Trust 2012-3)

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