Common use of Servicing Requirement and Employment of Servicer Clause in Contracts

Servicing Requirement and Employment of Servicer. The Issuer hereby authorizes and appoints the Servicer to act as its agent for the limited purpose of performing servicing for the Financed Student Loans. The Servicer agrees to perform such functions in compliance with all requirements of the Higher Education Act and all other applicable laws and regulations, and in accordance with the terms and conditions of this Master Servicing Agreement. The authorization granted by this Master Servicing Agreement includes, but is not limited to, correspondence and communication with any guaranty agency or the U.S. Department of Education regarding the Financed Student Loans, the assignment of claims to any guaranty agency or insurer, communication with borrowers and any other communication, correspondence, signature or other act required to service the Financed Student Loans in accordance with requirements of the Higher Education Act or regulations promulgated by any guaranty agency. The Issuer hereby authorizes the Servicer to enter into sub-servicing contracts to provide the services required of the Servicer hereunder and to meet any obligations of the Issuer hereunder, including the sub-servicing agreement, dated as of November 1, 2003, between the Servicer and CFS-SunTech Servicing LLC, as sub-servicer (the “Sub-Servicer”) permitted by the Indenture of Trust dated as of November 1, 2003 (the “Indenture”) between the Issuer and U.S. Bank National Association, as eligible lender trustee and indenture trustee (together with its successors and assigns, the “Trustee”).

Servicing Requirement and Employment of Servicer. The Issuer hereby authorizes and appoints the Servicer to act as its agent for the limited purpose of performing servicing for the Financed Student Loans. The Servicer agrees to perform such functions in compliance with all requirements of the Higher Education Act and all other applicable laws and regulations, and in accordance with the terms and conditions of this Master Servicing Agreement. The authorization granted by this Master Servicing Agreement includes, but is not limited to, correspondence and communication with any guaranty agency or the U.S. Department of Education regarding the Financed Student Loans, the assignment of claims to any guaranty agency or insurer, communication with borrowers and any other communication, correspondence, signature or other act required to service the Financed Student Loans in accordance with requirements of the Higher Education Act or regulations promulgated by any guaranty agency. The Issuer hereby authorizes the Servicer to enter into sub-servicing contracts to provide the services required of the Servicer hereunder and to meet any obligations of the Issuer hereunder, including the sub-servicing agreement, dated as of November February 1, 20032005, between the Servicer and CFS-SunTech Servicing LLC, as sub-servicer (the “"Sub-Servicer”") permitted by the Indenture of Trust dated as of November February 1, 2003 2005 (the “"Indenture”") between the Issuer and U.S. The Bank National Associationof New York, as eligible lender trustee and indenture trustee (together with its successors and assigns, the “"Trustee”").

Servicing Requirement and Employment of Servicer. The Issuer hereby authorizes and appoints the Servicer to act as its agent for the limited purpose of performing servicing for the Financed Student Loans. The Servicer agrees to perform such functions in compliance with all requirements of the Higher Education Act and all other applicable laws and regulations, and in accordance with the terms and conditions of this Master Servicing Agreement. The authorization granted by this Master Servicing Agreement includes, but is not limited to, correspondence and communication with any guaranty agency or the U.S. Department of Education regarding the Financed Student Loans, the assignment of claims to any guaranty agency or insurer, communication with borrowers and any other communication, correspondence, signature or other act required to service the Financed Student Loans in accordance with requirements of the Higher Education Act or regulations promulgated by any guaranty agency. The Issuer hereby authorizes the Servicer to enter into sub-servicing contracts to provide the services required of the Servicer hereunder and to meet any obligations of the Issuer hereunder, including the sub-servicing agreement, dated as of November July 1, 20032005, between the Servicer and CFS-SunTech Servicing LLC, as sub-servicer (the “"Sub-Servicer”") permitted by the Indenture of Trust dated as of November July 1, 2003 2005 (the “"Indenture”") between the Issuer and U.S. The Bank National Associationof New York, as eligible lender trustee and indenture trustee (together with its successors and assigns, the “"Trustee”").

Servicing Requirement and Employment of Servicer. The Issuer hereby authorizes and appoints the Servicer to act as its agent for the limited purpose of performing servicing for the Financed Student Loans. The Servicer agrees to perform such functions in compliance with all requirements of the Higher Education Act and all other applicable laws and regulations, and in accordance with the terms and conditions of this Master Servicing Agreement. The authorization granted by this Master Servicing Agreement includes, but is not limited to, correspondence and communication with any guaranty agency or the U.S. Department of Education regarding the Financed Student Loans, the assignment of claims to any guaranty agency or insurer, communication with borrowers and any other communication, correspondence, signature or other act required to service the Financed Student Loans in accordance with requirements of the Higher Education Act or regulations promulgated by any guaranty agency. The Issuer hereby authorizes the Servicer to enter into sub-servicing contracts to provide the services required of the Servicer hereunder and to meet any obligations of the Issuer hereunder, including the sub-servicing agreement, dated as of November 1_________, 200320__, between the Servicer and CFS-SunTech Servicing LLC________________, as sub-servicer (the “"Sub-Servicer”") permitted by the Indenture of Trust dated as of November 1___________, 2003 20__ (the “"Indenture”") between the Issuer and U.S. Bank National Association_______________, as eligible lender trustee and indenture trustee (together with its successors and assigns, the “"Trustee”").

Servicing Requirement and Employment of Servicer. The Issuer hereby authorizes and appoints the Servicer to act as its agent for the limited purpose of performing servicing for the Financed Student Loans. The Servicer agrees to perform such functions in compliance with all requirements of the Higher Education Act and all other applicable laws and regulations, and in accordance with the terms and conditions of this Master Servicing Agreement. The authorization granted by this Master Servicing Agreement includes, but is not limited to, correspondence and communication with any guaranty agency or the U.S. Department of Education regarding the Financed Student Loans, the assignment of claims to any guaranty agency or insurer, communication with borrowers and any other communication, correspondence, signature or other act required to service the Financed Student Loans in accordance with requirements of the Higher Education Act or regulations promulgated by any guaranty agency. The Issuer hereby authorizes the Servicer to enter into sub-servicing contracts to provide the services required of the Servicer hereunder and to meet any obligations of the Issuer hereunder, including the subSub-servicing agreementServicing Agreement, dated as of November February 1, 20032003 (the “SunTech Sub-Servicing Agreement”), between the Servicer and CFS-SunTech Servicing LLCSunTech, Inc., as sub-servicer (the “Sub-ServicerSunTech”) permitted by the Indenture of Trust dated as of November February 1, 2003 (the “Indenture”) between the Issuer and U.S. Bank Bank, National Association, as eligible lender trustee and indenture trustee (together with its successors and assigns, the “Trustee”).

Servicing Requirement and Employment of Servicer. The Issuer hereby authorizes and appoints the Servicer to act as its agent for the limited purpose of performing servicing for the Financed Student Loans. The Servicer agrees to perform such functions in compliance with all requirements of the Higher Education Act and all other applicable laws and regulations, and in accordance with the terms and conditions of this Master Servicing Agreement. The authorization granted by this Master Servicing Agreement includes, but is not limited to, correspondence and communication with any guaranty agency or the U.S. Department of Education regarding the Financed Student Loans, the assignment of claims to any guaranty agency or insurer, communication with borrowers and any other communication, correspondence, signature or other act required to service the Financed Student Loans in accordance with requirements of the Higher Education Act or regulations promulgated by any guaranty agency. The Issuer hereby authorizes the Servicer to enter into sub-servicing contracts to provide the services required of the Servicer hereunder and to meet any obligations of the Issuer hereunder, including the sub-servicing agreement, dated as of November April 1, 20032004, between the Servicer and CFS-SunTech Servicing LLC, as sub-servicer (the “Sub-Servicer”) permitted by the Indenture of Trust dated as of November April 1, 2003 2004 (the “Indenture”) between the Issuer and U.S. Bank National Association, as eligible lender trustee and indenture trustee (together with its successors and assigns, the “Trustee”).