Common use of SYSTEM UPDATES Clause in Contracts

SYSTEM UPDATES. The Trust and NSLF agree that in the course of its Education Loan servicing activities, the Master Servicer may rely on, without independently verifying, all data entries, manipulations and representations provided to the Master Servicer by the Trust, NSLF, the Administrator, eligible institutions and borrowers with respect to the Education Loans, including but not limited to, eligible institutions/borrower certification, eligibility, enrollment, and eligible institution or borrower demographics, including data entries provided to the Master Servicer electronically, via the internet or otherwise, and that the Master Servicer shall have no liability for incorrect information or the consequences thereof, which is provided by the Trust, NSLF, the Administrator, eligible institutions or borrowers.

SYSTEM UPDATES. The Trust and NSLF agree that in the course of its Servicer's Education Loan servicing activities, the Master Servicer may rely on, without independently verifying, all data entries, manipulations and representations provided to the Master Servicer by the Trust, NSLF, the Administrator, eligible institutions Eligible Institutions and borrowers Borrowers with respect to the Education Loans, including but not limited to, eligible institutionsInstitutions/borrower Borrower certification, eligibility, enrollment, and eligible institution Eligible Institution or borrower Borrower demographics, including data entries provided to the Master Servicer electronically, via the internet or otherwise, and that the Master Servicer shall have no liability for incorrect information or the consequences thereof, which is provided by the Trust, NSLF, the Administrator, eligible institutions Eligible Institutions or borrowersBorrowers.

SYSTEM UPDATES. The Trust and NSLF agree that in the course of its Master Servicer's Education Loan servicing activities, the Master Servicer may rely on, without independently verifying, all data entries, manipulations and representations provided to the Master Servicer by the Trust, NSLF, the Administrator, eligible institutions and borrowers with respect to the Education Loans, including but not limited to, eligible institutions/borrower certification, eligibility, enrollment, and eligible institution or borrower demographics, including data entries provided to the Master Servicer electronically, via the internet or otherwise, and that the Master Servicer shall have no liability for incorrect information or the consequences thereof, which is provided by the Trust, NSLF, the Administrator, eligible institutions or borrowers.