Interest Subsidy and Special Allowance Payments and Rebate Fees. Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Loans accruing up to but not including the Cut-off 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 and after the Cutoff Date.
Appears in 3 contracts
Samples: Sale Agreement (SLM Funding LLC), Sale Agreement (SLM Funding LLC), Sale Agreement (SLM Funding LLC)
Interest Subsidy and Special Allowance Payments and Rebate Fees. On the Cutoff Date, Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on the Loans accruing up to but not including the Cut-off Date. The Purchaser and the Eligible Lender Trustee, Trustee for the benefit of Purchaser, Purchaser shall be entitled to all Special Allowance Payments and Interest Subsidy Payments accruing from and after the Cutoff Date.
Appears in 2 contracts
Samples: Sale Agreement (SLM Funding LLC), Sale Agreement (SLM Funding Corp)
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 Loans accruing up to but not including the Cut-off Cutoff Date. The Purchaser and the Eligible Lender Trustee, for the benefit of the Purchaser, shall be entitled to all Special Allowance Payments and Interest Subsidy Payments accruing from and after the Cutoff Date.
Appears in 1 contract
Samples: Sale Agreement (SLM Funding LLC)
