Common use of Special Programs Clause in Contracts

Special Programs. In consideration of the sale or substitution of the Eligible Loans under these Master Sale Terms and each Sale Agreement, the Purchaser agrees to cause the Servicer to offer each Borrower of a Trust Student Loan sold or substituted hereunder all special programs, whether or not in existence as of the date of any related Sale Agreement, generally offered to the obligors of comparable loans owned by the Seller, at all times subject to the terms and conditions of Section 3.12 of the Servicing Agreement. The Seller is selling Loans to the Purchaser or substituting Loans without regard to the effect of the special programs. The Seller shall remit to the Purchaser any amounts necessary to offset any effective yield reductions on any related Trust Student Loans as set forth in Section 3.12 of the Servicing Agreement.

Appears in 26 contracts

Samples: Initial Sale Agreement (SLM Student Loan Trust 2005-6), Initial Sale Agreement (SLM Student Loan Trust 2006-3), Initial Sale Agreement (SLM Student Loan Trust 2006-10)

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Special Programs. In consideration of the sale or substitution of the Eligible Loans under these Master Sale Terms and each Sale Agreement, the Purchaser agrees to cause the Servicer to offer each Borrower of a Trust Student Loan sold or substituted hereunder and to keep in effect all special programs, whether or not in existence as of the date of any related Sale Agreement, generally offered to the obligors of comparable loans owned by the Seller, at all times . The Purchaser is purchasing Loans from the Seller or permitting the substitution of Loans subject to the terms and conditions of Section 3.12 of the Servicing Agreement. The Seller is selling Loans to the Purchaser or substituting Loans without regard to the effect of the special programs. The Seller shall remit to the Purchaser any amounts necessary to offset any effective yield reductions on any related Trust Student Loans as set forth in Section 3.12 of the Servicing Agreement.

Appears in 21 contracts

Samples: Initial Sale Agreement (SLM Student Loan Trust 2012-6), Initial Sale Agreement (SLM Student Loan Trust 2010-2), Initial Sale Agreement (SLM Funding LLC)

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Special Programs. In consideration of the sale or substitution of the Eligible Loans under these Master Sale Terms and each Sale Agreement, the Purchaser agrees to cause the Servicer to offer each Borrower of a Trust Student Loan sold or substituted hereunder all special programs, whether or not in existence as of the date of any related Sale Agreement, generally offered to the obligors of comparable loans owned by the Seller, at all times subject to the terms and conditions of Section 3.12 of the Servicing Agreement. The Seller is selling Loans to the Purchaser or substituting Loans without regard to the effect of the special programs. The Seller shall remit to the Purchaser any amounts necessary to offset any effective yield reductions on any related Trust Student Loans as set forth in Section 3.12 of the Servicing Agreement.. Sale Agreement

Appears in 1 contract

Samples: Initial Sale Agreement (SLM Student Loan Trust 2007-2)

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