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

Interest Subsidy and Special Allowance Payments and Rebate Fees. Xxxxxx Mae shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Loans 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 and shall be responsible for the payment of any rebate fees accruing from the Cutoff Date in the case of Special Allowance Payments and Interest Subsidy Payments and the Closing Date in the case of any rebate fees.

Appears in 4 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. Xxxxxx Mae shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Loans 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 on behalf of Purchaser Funding shall be entitled to all Special Allowance Payments and Interest Subsidy Payments and shall be responsible for the payment of any rebate fees accruing from the Cutoff Cut-off Date in the case of Special Allowance Payments and Interest Subsidy Payments and the Closing Date in the case of any rebate fees.

Appears in 3 contracts

Samples: Purchase Agreement (SLM Funding LLC), Purchase Agreement (SLM Funding LLC), Purchase Agreement Master Securitization Terms (SLM Funding LLC)

Interest Subsidy and Special Allowance Payments and Rebate Fees. Xxxxxx Mae shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Loans 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 and on behalf of Purchaser Funding shall be entitled to all Special Allowance Payments and Interest Subsidy Payments and shall be responsible for the payment of any rebate fees accruing from the Cutoff Date in the case of Special Allowance Payments and Interest Subsidy Payments and the Closing Date in the case of any rebate fees.

Appears in 1 contract

Samples: Purchase Agreement (SLM Funding LLC)

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Interest Subsidy and Special Allowance Payments and Rebate Fees. On the Closing Date, Xxxxxx Mae shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Loans 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 and shall be responsible for the payment of any rebate fees accruing from the Cutoff Date in the case of Special Allowance Payments and Interest Subsidy Payments and the Closing Date in the case of any rebate fees.

Appears in 1 contract

Samples: Sale Agreement (SLM Funding Corp)

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