Initial Sale Agreement Sample Contracts

FORM OF] SALE AGREEMENT MASTER SECURITIZATION TERMS NUMBER 1000
Initial Sale Agreement • December 23rd, 2015 • Navient Funding, LLC • Asset-backed securities • New York

These Sale Agreement Master Securitization Terms Number 1000 (“Master Sale Terms”) dated as of [________], 20[__] among (i) Navient Funding, LLC (in such capacity, the “Seller”), (ii) Navient Student Loan Trust 20[__]-[__] (the “Purchaser” or the “Trust”), (iii) [________], not in its individual capacity but solely as Interim Eligible Lender Trustee (the “Interim Eligible Lender Trustee”) for the benefit of the Seller under the Funding Interim Trust Agreement dated as of [________], 20[__] between the Seller and the Interim Eligible Lender Trustee, and (iv) [________], not in its individual capacity but solely as Eligible Lender Trustee on behalf of the Purchaser under the Eligible Lender Trust Agreement dated as of [________], 20[__] between the Trust and the Eligible Lender Trustee (in such capacity, the “Eligible Lender Trustee”), shall be effective upon execution by the parties hereto. References to the Seller herein mean the Interim Eligible Lender Trustee, and references to the P

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SALE AGREEMENT MASTER SECURITIZATION TERMS NUMBER 1000
Initial Sale Agreement • January 19th, 2012 • SLM Student Loan Trust 2012-1 • Asset-backed securities • New York

These Sale Agreement Master Securitization Terms Number 1000 (“Master Sale Terms”) dated as of January 19, 2012 among SLM Funding LLC (in such capacity, the “Seller”), SLM Student Loan Trust 2012-1 (the “Purchaser” or the “Trust”), and The Bank of New York Mellon Trust Company, National Association, not in its individual capacity but solely as Interim Eligible Lender Trustee (the “Interim Eligible Lender Trustee”) for the benefit of the Seller under the Funding Interim Trust Agreement dated as of January 19, 2012 between the Seller and the Interim Eligible Lender Trustee, and The Bank of New York Mellon Trust Company, National Association, not in its individual capacity but solely as Eligible Lender Trustee on behalf of the Purchaser (the “Eligible Lender Trustee”), shall be effective upon execution by the parties hereto. References to the Seller herein mean the Interim Eligible Lender Trustee, and references to the Purchaser mean the Eligible Lender Trustee, for all purposes involving

SALE AGREEMENT MASTER SECURITIZATION TERMS NUMBER 1000
Initial Sale Agreement • April 27th, 2009 • SLM Student Loan Trust 2009-2 • Asset-backed securities • New York

These Sale Agreement Master Securitization Terms Number 1000 (“Master Sale Terms”) dated as of April 21, 2009 among SLM Funding LLC (in such capacity, the “Seller”), SLM Student Loan Trust 2009-2 (the “Purchaser”), and The Bank of New York Mellon Trust Company, National Association, not in its individual capacity but solely as Interim Eligible Lender Trustee (the “Interim Eligible Lender Trustee”) for the benefit of the Seller under the Funding Interim Trust Agreement dated as of April 21, 2009 between the Seller and the Interim Eligible Lender Trustee, and The Bank of New York Mellon Trust Company, National Association, not in its individual capacity but solely as Eligible Lender Trustee on behalf of the Purchaser (the “Eligible Lender Trustee”), shall be effective upon execution by the parties hereto. References to the Seller herein mean the Interim Eligible Lender Trustee, and references to the Purchaser mean the Eligible Lender Trustee, for all purposes involving the holding or tra

SALE AGREEMENT MASTER SECURITIZATION TERMS NUMBER 1000
Initial Sale Agreement • July 26th, 2006 • SLM Student Loan Trust 2006-6 • Asset-backed securities • New York

These Sale Agreement Master Securitization Terms Number 1000 (“Master Sale Terms”) dated as of July 20, 2006 among SLM Funding LLC (in such capacity, the “Seller”), SLM Student Loan Trust 2006-6 (the “Purchaser”), and Chase Bank USA, National Association, not in its individual capacity but solely as Interim Eligible Lender Trustee (the “Interim Eligible Lender Trustee”) for the benefit of the Seller under the Funding Interim Trust Agreement dated as of July 20, 2006 between the Seller and the Interim Eligible Lender Trustee, and Chase Bank USA, National Association, not in its individual capacity but solely as Eligible Lender Trustee on behalf of SLM Student Loan Trust 2006-6 (the “Eligible Lender Trustee”), shall be effective upon execution by the parties hereto. References to the Seller herein mean the Interim Eligible Lender Trustee, and references to the Purchaser mean the Eligible Lender Trustee, for all purposes involving the holding or transferring of legal title to the Trust St

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