Common use of Interest Subsidy and Special Allowance Payments and Rebate Fees Clause in Contracts

Interest Subsidy and Special Allowance Payments and Rebate Fees. The Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Consolidation Loans up to but not including the Cutoff Date and shall be responsible for the payment of any rebate fees applicable to the Consolidation Loans subject to each Xxxx of Sale accruing up to but not including the Closing Date. The Purchaser and the Eligible Lender Trustee, for the benefit of Purchaser, shall be entitled to all Special Allowance Payments and Interest Subsidy Payments accruing from the Cutoff Date and shall be responsible for the payment of any rebate fees applicable to the Consolidation Loans subject to any Xxxx of Sale accruing from the Closing Date.

Appears in 5 contracts

Samples: Sale Agreement (SLM Funding LLC), Sale Agreement (SLM Funding LLC), Sale Agreement (SLM Funding LLC)

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Interest Subsidy and Special Allowance Payments and Rebate Fees. The Seller Xxxxxx Mae shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Consolidation Loans up to but not including the Cutoff Date and shall be responsible for the payment of any rebate fees applicable to the Consolidation Loans subject to each Xxxx of Sale accruing up to but not including the Closing Date. The Purchaser and the Interim Eligible Lender Trustee, for the benefit Trustee on behalf of Purchaser, Funding shall be entitled to all Special Allowance Payments and Interest Subsidy Payments accruing from the Cutoff Date and shall be responsible for the payment of any rebate fees applicable to the Consolidation Loans subject to any each Xxxx of Sale accruing from the Closing Date.

Appears in 2 contracts

Samples: Purchase Agreement (SLM Funding LLC), Purchase Agreement (SLM Funding LLC)

Interest Subsidy and Special Allowance Payments and Rebate Fees. The Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Consolidation Loans up to but not including the Cutoff Date and shall be responsible for the payment of any rebate fees applicable to the Consolidation Loans subject to each Xxxx Bxxx of Sale accruing up to but not including the Closing Date. The Purchaser and the Eligible Lender Trustee, for the benefit of Purchaser, shall be entitled to all Special Allowance Payments and Interest Subsidy Payments accruing from the Cutoff Date and shall be responsible for the payment of any rebate fees applicable to the Consolidation Loans subject to any Xxxx Bxxx of Sale accruing from the Closing Date.

Appears in 1 contract

Samples: Sale Agreement (SLM Funding LLC)

Interest Subsidy and Special Allowance Payments and Rebate Fees. The Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Consolidation Loans up to but not including the Cutoff Date and shall be responsible for the payment of any rebate fees applicable to the Consolidation Loans subject to each Xxxx of Sale accruing up to but not including the Closing Date. The Purchaser and the Eligible Lender Trustee, for the benefit of Purchaser, shall be entitled to all Special Allowance Payments and Interest Subsidy Payments accruing from the Cutoff Closing Date and shall be responsible for the payment of any rebate fees applicable to the Consolidation Loans subject to any Xxxx of Sale accruing from the Closing Date.

Appears in 1 contract

Samples: Sale Agreement (SLM Funding LLC)

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Interest Subsidy and Special Allowance Payments and Rebate Fees. The Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Consolidation Loans up to but not including the Cutoff Date and shall be responsible for the payment of any rebate fees applicable to the Consolidation Loans subject to each Xxxx of Sale accruing up to but not including the Closing Cutoff Date. The Purchaser and the Eligible Lender Trustee, for the benefit of Purchaser, shall be entitled to all Special Allowance Payments and Interest Subsidy Payments accruing from the Cutoff Date and shall be responsible for the payment of any rebate fees applicable to the Consolidation Loans subject to any Xxxx of Sale accruing from the Closing Date.

Appears in 1 contract

Samples: Sale Agreement (SLM Funding LLC)

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