Subsequent Receipts. In the event that Program Lender shall receive, subsequent to any such assignment, any amounts whatsoever in respect to the Seasoned Loans so assigned in the nature of those described in Section 3.04 above, such amounts shall be held by Program Lender in trust for FMC or the Purchaser Trust to which it has sold the Notes, and the Program Lender shall deliver such amounts within one (1) business day to the trustee under the Trust Indenture.
Appears in 6 contracts
Samples: Note Purchase Agreement, Note Purchase Agreement, Note Purchase Agreement (First Marblehead Corp)
Subsequent Receipts. In the event that Program Lender shall receive, subsequent to any such assignment, any amounts whatsoever in respect to the Seasoned Loans so assigned in the nature of those described in Section 3.04 above, such amounts shall be held by Program Lender in trust for FMC or the Purchaser Trust to which it has sold the Notes, and the Program Lender shall deliver such amounts within one (1) business day to the trustee under the Trust Indenture.
Appears in 5 contracts
Samples: Note Purchase Agreement, Note Purchase Agreement (National Collegiate Funding LLC), Note Purchase Agreement (National Collegiate Student Loan Trust 2006-2)
Subsequent Receipts. In the event that Program Lender shall receive, subsequent to any such assignment, any amounts whatsoever in respect to the Seasoned NextStudent Conforming Loans so assigned in the nature of those described in Section 3.04 above, such amounts shall be held by Program Lender in trust for FMC or the Purchaser Trust to which it has sold the Notes, and the Program Lender shall deliver such amounts within one ten (110) business day days to the trustee under the Trust Indenture.
Appears in 3 contracts
Samples: Note Purchase Agreement, Note Purchase Agreement, Note Purchase Agreement (National Collegiate Student Loan Trust 2006-2)
Subsequent Receipts. In the event that Program Lender shall receive, subsequent to any such assignment, any amounts whatsoever in respect to the Seasoned Loans so assigned in the nature of those described in Section 3.04 above, such amounts shall be held by Program Lender in trust for FMC or the Purchaser Trust to which it has sold the Notes, and the Program Lender shall deliver such amounts within one ten (110) business day days to the trustee under the Trust Indenture.
Appears in 2 contracts
Samples: Note Purchase Agreement (National Collegiate Student Loan Trust 2006-3), Note Purchase Agreement (First Marblehead Corp)
Subsequent Receipts. In the event that Program Lender shall receive, subsequent to any such assignment, any amounts whatsoever in respect to the Seasoned Loans so assigned in the nature of those described in Section 3.04 above, such amounts shall be held by Program Lender in trust for FMC or the Purchaser Trust to which it has sold the Notes, and the Program Lender shall deliver such amounts within one (1) business day Business Day to the trustee under the Trust Indenture.
Appears in 2 contracts
Samples: Note Purchase Agreement (National Collegiate Student Loan Trust 2007-3), Note Purchase Agreement (National Collegiate Funding LLC)
Subsequent Receipts. In the event that Program Lender shall receive, subsequent to any such assignment, any amounts whatsoever in respect to the Seasoned Loans so assigned in the nature of those described in Section 3.04 above, such amounts shall be held by Program Lender in trust for FMC or the Purchaser Trust to which it has sold the Notes, and the Program Lender shall deliver such amounts within one (1) business day to the trustee under the Trust Indenture. 3.06.
Appears in 1 contract
Samples: Note Purchase Agreement
Subsequent Receipts. In the event that Program Lender shall receive, subsequent to any such assignment, any amounts whatsoever in respect to the Seasoned Loans so assigned in the nature of those described in Section 3.04 above, such amounts shall be held by Program Lender in trust for FMC or the Purchaser Trust to which it has sold the Notes, and the Program Lender shall deliver such amounts within one (1) business day Business Day to the trustee under the Trust Indenture. 3.06.
Appears in 1 contract
Samples: Note Purchase Agreement
