Common use of Termination by Program Lender Clause in Contracts

Termination by Program Lender. Program Lender may terminate this Agreement: (1) If the Guaranty Agreement is terminated by reason of a breach thereof by T▇▇▇; or (2) If FMC materially breaches this Agreement, and fails to cure such material breach, within 60 days of written demand for cure; or (3) If FMC shall file any proceeding under the U.S. Bankruptcy Code or similar state insolvency act, or shall be the subject of any involuntary bankruptcy proceeding, which proceeding is not dismissed within 60 days after the filing thereof; or (4) If the Marketing Agreement is terminated by reason of breach thereof by the Marketer.

Appears in 2 contracts

Sources: Note Purchase Agreement (National Collegiate Funding LLC), Note Purchase Agreement (National Collegiate Funding LLC)

Termination by Program Lender. Program Lender may terminate this Agreement: (1) If the Guaranty Agreement is terminated by reason of a breach thereof by T▇▇▇; or (2) If FMC materially breaches this Agreement, and fails to cure such material breach, within 60 days of written demand for cure; or (3) If FMC shall file any proceeding under the U.S. Bankruptcy Code or similar state insolvency act, or shall be the subject of any involuntary bankruptcy proceeding, which proceeding is not dismissed within 60 days after the filing thereof; or. (4) If the Marketing Agreement is terminated by reason of breach thereof by the Marketer.

Appears in 2 contracts

Sources: Note Purchase Agreement, Note Purchase Agreement (National Collegiate Student Loan Trust 2006-2)

Termination by Program Lender. Program Lender may terminate this Agreement: (1) If the Guaranty Agreement is terminated by reason of a breach thereof by T▇▇▇; or (2) If FMC materially breaches this Agreement, and fails to cure such material breach, within 60 days of written demand for cure; or (3) If FMC shall file any proceeding under the U.S. Bankruptcy Code or similar state insolvency act, or shall be the subject of any involuntary bankruptcy proceeding, which proceeding is not dismissed within 60 days after the filing thereof; or (4) If the Wholesale Marketing Agreement is terminated by reason of breach thereof by the Wholesale Marketer.

Appears in 1 contract

Sources: Note Purchase Agreement (National Collegiate Student Loan Trust 2006-3)

Termination by Program Lender. Program Lender may terminate this Agreement: (1) If the Guaranty Agreement is terminated by reason of a breach thereof by T▇▇▇; or (2) If FMC materially breaches this Agreement, and fails to cure such material breach, within 60 days of written demand for cure; or (3) If FMC shall file any proceeding under the U.S. Bankruptcy Code or similar state insolvency act, or shall be the subject of any involuntary bankruptcy proceeding, which proceeding is not dismissed within 60 days after the filing thereof; or (4) If the Marketing Agreement is terminated by reason of breach thereof by the Marketer.

Appears in 1 contract

Sources: Note Purchase Agreement (First Marblehead Corp)

Termination by Program Lender. Program Lender may terminate this Agreement: (1) If the Guaranty Agreement is terminated by reason of a breach thereof by T▇▇▇; or (2) If FMC materially breaches this Agreement, and fails to cure such material breach, within 60 days of written demand for cure; or (3) If FMC shall file file any proceeding under the U.S. Bankruptcy Code or similar state insolvency act, or shall be the subject of any involuntary bankruptcy proceeding, which proceeding is not dismissed within 60 days after the filing filing thereof; or. (4) If the Marketing Agreement is terminated by reason of breach thereof by the Marketer.

Appears in 1 contract

Sources: Note Purchase Agreement

Termination by Program Lender. Program Lender may terminate this Agreement: (1) If the Guaranty Agreement is terminated by reason of a breach thereof by T▇▇▇; or (2) If FMC materially breaches this Agreement, and fails to cure such material breach, within 60 days of written demand for cure; or (3) If FMC shall file any proceeding under the U.S. Bankruptcy Code or similar state insolvency act, or shall be the subject of any involuntary bankruptcy proceeding, which proceeding is not dismissed within 60 days after the filing thereof; or (4) If the Wholesale Marketing Agreement is terminated by reason of breach thereof by the Wholesale Marketer.

Appears in 1 contract

Sources: Note Purchase Agreement (First Marblehead Corp)