SLM Private Credit Student Loan Trust 2006-B Sample Contracts

SERVICING AGREEMENT among SALLIE MAE, INC., in its capacity as Servicer SALLIE MAE, INC., in its capacity as Administrator SLM PRIVATE CREDIT STUDENT LOAN TRUST 2006-B, as Issuer CHASE BANK USA, NATIONAL ASSOCIATION, not in its individual capacity but...
Servicing Agreement • June 14th, 2006 • SLM Private Credit Student Loan Trust 2006-B • Asset-backed securities • New York

This SERVICING AGREEMENT, dated June 8, 2006, is among SALLIE MAE, INC., a Delaware corporation (in such capacity, the “Servicer”), SLM PRIVATE CREDIT STUDENT LOAN TRUST 2006-B (the “Issuer”), CHASE BANK USA, NATIONAL ASSOCIATION, not in its individual capacity but solely in its capacity as trustee of the Issuer (the “Trustee”), SALLIE MAE, INC., as administrator (the “Administrator”), and THE BANK OF NEW YORK, a New York banking corporation, not in its individual capacity but solely in its capacity as Indenture Trustee (the “Indenture Trustee”).

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SLM Funding LLC Student Loan-Backed Notes Underwriting Agreement
Underwriting Agreement • June 14th, 2006 • SLM Private Credit Student Loan Trust 2006-B • Asset-backed securities • New York

The undersigned hereby agrees to purchase from SLM Funding LLC (hereinafter called the “Company”), and the Company agrees to sell to the undersigned,

SLM PRIVATE CREDIT STUDENT LOAN TRUST 2006-B INDENTURE between SLM PRIVATE CREDIT STUDENT LOAN TRUST 2006-B, as Issuer CHASE BANK USA, NATIONAL ASSOCIATION, not in its individual capacity but solely as Trustee and THE BANK OF NEW YORK, not in its...
Indenture • June 14th, 2006 • SLM Private Credit Student Loan Trust 2006-B • Asset-backed securities • New York

This INDENTURE, dated as of June 1, 2006, is between SLM PRIVATE CREDIT STUDENT LOAN TRUST 2006-B, a Delaware statutory trust (the “Issuer”), and CHASE BANK USA, NATIONAL ASSOCIATION, a national banking association, as trustee and not in its individual capacity but solely as trustee (the “Trustee”) and THE BANK OF NEW YORK, a New York banking corporation, as trustee and not in its individual capacity but solely as indenture trustee (the “Indenture Trustee”).

AMENDED AND RESTATED TRUST AGREEMENT among SLM FUNDING LLC, as Depositor CHASE BANK USA, NATIONAL ASSOCIATION, not in its individual capacity but solely, as Trustee, and THE BANK OF NEW YORK not in its individual capacity but solely as the Indenture...
Trust Agreement • June 14th, 2006 • SLM Private Credit Student Loan Trust 2006-B • Asset-backed securities • Delaware

This AMENDED AND RESTATED TRUST AGREEMENT, dated as of June 8, 2006 (the “Agreement”), is among SLM FUNDING LLC, a Delaware limited liability company, as depositor (the “Depositor”), CHASE BANK USA, NATIONAL ASSOCIATION (formerly known as Chase Manhattan Bank USA, National Association), a national banking association, not in its individual capacity but solely as the Trustee (the “Trustee”), and THE BANK OF NEW YORK, a New York banking corporation, not in its individual capacity but solely as the Indenture Trustee, acting as the Excess Distribution Certificate Paying Agent (the “Indenture Trustee”).

SLM PRIVATE CREDIT STUDENT LOAN TRUST 2006-B ADMINISTRATION AGREEMENT among SLM FUNDING LLC, as Depositor SALLIE MAE, INC., as Servicer and Administrator THE BANK OF NEW YORK, as Indenture Trustee CHASE BANK USA, NATIONAL ASSOCIATION, as Trustee and...
Administration Agreement • June 14th, 2006 • SLM Private Credit Student Loan Trust 2006-B • Asset-backed securities • New York

This ADMINISTRATION AGREEMENT, dated as of June 8, 2006, is among SALLIE MAE, INC., in its capacities as servicer (in such capacity, the “Servicer”) and as administrator (in such capacity, the “Administrator”), SLM FUNDING LLC, as depositor (the “Depositor”), THE BANK OF NEW YORK, a New York banking corporation, not in its individual capacity but solely as indenture trustee (the “Indenture Trustee”), CHASE BANK USA, NATIONAL ASSOCIATION, as Trustee (the “Trustee”) and SLM PRIVATE CREDIT STUDENT LOAN TRUST 2006-B, as issuer (the “Issuer”).

SALE AGREEMENT MASTER SECURITIZATION TERMS NUMBER 1000 between SLM FUNDING LLC, as Seller and SLM PRIVATE CREDIT STUDENT LOAN TRUST 2006-B, as Purchaser Dated as of June 8, 2006
Sale Agreement • June 14th, 2006 • SLM Private Credit Student Loan Trust 2006-B • Asset-backed securities • New York

These Sale Agreement Master Securitization Terms Number 1000 (“Master Sale Terms”), dated as of June 8, 2006, between SLM Funding LLC, in its capacity as seller (in such capacity, the “Seller”), SLM Private Credit Student Loan Trust 2006-B, as purchaser (the “Purchaser”), and Chase Bank USA, National Association, not in its individual capacity but solely as Interim Trustee (the “Interim Trustee”) for the benefit of the Seller under the Funding Interim Trust Agreement dated as of June 8, 2006, between the Seller and the Interim Trustee and Chase Bank USA, National Association, not in its individual capacity but solely as Trustee on behalf of SLM Private Credit Student Loan Trust 2006-B (The “Trustee”) shall be effective upon execution by the parties hereto. References to the Seller herein mean the Interim Trustee, and references to the Purchaser mean the Trustee for all purposes involving the holding or transferring of legal title to the Student Loans.

PURCHASE AGREEMENT MASTER SECURITIZATION TERMS NUMBER 1000 between SLM EDUCATION CREDIT FINANCE CORPORATION, as Seller and SLM FUNDING LLC, as Purchaser and CHASE BANK USA, NATIONAL ASSOCIATION as Interim Trustee Dated as of June 8, 2006
Purchase Agreement • June 14th, 2006 • SLM Private Credit Student Loan Trust 2006-B • Asset-backed securities • New York

These Purchase Agreement Master Securitization Terms Number 1000 (“Master Sale Terms”), dated as of June 8, 2006, between SLM Education Credit Finance Corporation, in its capacity as seller (in such capacity, the “Seller”), SLM Funding LLC, as purchaser (the “Purchaser”), and Chase Bank USA, National Association, not in its individual capacity but solely as trustee on behalf of the Purchaser (the “Interim Trustee”) for the benefit of Purchaser under the Interim Trust Agreement dated as of June 8, 2006 between Purchaser and Interim Trustee, shall be effective upon execution by the parties hereto. References to Purchaser means the Interim Trustee for all purposes involving the holding or transferring of legal title to the Student Loans.

INTERIM TRUST AGREEMENT between VG FUNDING, LLC, as the Seller and CHASE BANK USA, NATIONAL ASSOCIATION, not in its individual capacity but solely as Interim Trustee for the benefit of VG Funding, LLC Dated as of June 1, 2006
Interim Trust Agreement • June 14th, 2006 • SLM Private Credit Student Loan Trust 2006-B • Asset-backed securities • Delaware

INTERIM TRUST AGREEMENT (the “Agreement”), dated as of June 1, 2006, between VG Funding, LLC (“VG Funding”) as the Purchaser and subsequent Seller of certain Loans, and CHASE BANK USA, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity but solely as Interim Trustee (the “VG Funding Trustee”).

ISDA® International Swap Dealers Association, Inc. MASTER AGREEMENT dated as of June 8, 2006
Disclosure Agreement • June 14th, 2006 • SLM Private Credit Student Loan Trust 2006-B • Asset-backed securities • New York

have entered and/or anticipate entering into one or more transactions (each a “Transaction”) that are or will be governed by this Master Agreement, which includes the schedule (the “Schedule”), and the documents and other confirming evidence (each a “Confirmation”) exchanged between the parties confirming those Transactions.

Pricing Agreement
Pricing Agreement • June 14th, 2006 • SLM Private Credit Student Loan Trust 2006-B • Asset-backed securities
INTERIM TRUST AGREEMENT between SLM FUNDING LLC, as the Depositor and CHASE BANK USA, NATIONAL ASSOCIATION, not in its individual capacity but solely as the Interim Trustee Dated as of June 1, 2006
Interim Trust Agreement • June 14th, 2006 • SLM Private Credit Student Loan Trust 2006-B • Asset-backed securities • Delaware

INTERIM TRUST AGREEMENT (the “Agreement”), dated as of June 1, 2006, between SLM FUNDING LLC, a Delaware limited liability company (the “Depositor”), and CHASE BANK USA, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity but solely as Interim Trustee (the “Interim Trustee”).

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