Interest Subsidy and Special Allowance Payments and Rebate Fees. SLC shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Loans up to but not including the related Payment Cutoff Date, and shall be responsible for the payment of rebate fees, if any, applicable to Loans accruing up to but not including the related Payment Cutoff Date. SLC Receivables and the Eligible Lender Trustee on behalf of SLC Receivables shall be entitled to all Special Allowance Payments and Interest Subsidy Payments on the Loans accruing from, and including, the related Payment Cutoff Date, and shall be responsible for the payment of any rebate fees applicable to Loans accruing from, and including, the Payment Cutoff Date.
Appears in 10 contracts
Samples: Master Terms Purchase Agreement, Master Terms Purchase Agreement (SLC Student Loan Trust 2010-1), Master Terms Purchase Agreement (SLC Student Loan Receivables I Inc)
Interest Subsidy and Special Allowance Payments and Rebate Fees. SLC shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Loans up to but not including the related Payment Cutoff Date, and shall be responsible for the payment of rebate fees, if any, applicable to Purchased Loans accruing up to but not including the related Payment Cutoff Date. SLC Receivables and the Eligible Lender Trustee on behalf of SLC Receivables shall be entitled to all Special Allowance Payments and Interest Subsidy Payments on the Purchased Loans accruing from, and including, the related Payment Cutoff Date, and shall be responsible for the payment of any rebate fees applicable to Purchased Loans accruing from, and including, the Payment Cutoff Date.
Appears in 6 contracts
Samples: Purchase Agreement (SLC Student Loan Trust 2006-2), Purchase Agreement (SLC Student Loan Trust 2005-2), Purchase Agreement (SLC Student Loan Trust 2005-3)
