Representations and Warranties of Depositor with Respect to the Financed Student Loans. The Depositor makes the following representations and warranties as to the Financed Student Loans on which each of the Issuer and the Eligible Lender Trustee is deemed to have relied in acquiring the Financed Student Loans, and which are made for the benefit of the Issuer, the Noteholders and the Indenture Trustee. Such representations and warranties speak as of the execution and delivery of this Agreement and as of the Closing Date, in the case of the Initial Financed Student Loans and as of the applicable Subsequent Transfer Date, in the case of the Subsequent Student Loans, the Other Student Loans and Substituted Student Loans, but shall survive the sale, transfer and assignment of the Financed Student Loans to the Issuer (and with respect to legal title to the Eligible Lender Trustee on behalf of the Issuer) and the pledge thereof to the Indenture Trustee pursuant to the Indenture.
Representations and Warranties of Depositor with Respect to the Financed Student Loans. The Depositor (on behalf of itself), with respect to all Financed Student Loans that are also KBUSA Student Loans, and the Master Servicer (on behalf of the Depositor), with respect to all Financed Student Loans that are also QSPE Student Loans, each, severally and not jointly, makes the following representations and warranties as to the applicable Financed Student Loans on which the Issuer is deemed to have relied in acquiring (through the Eligible Lender Trustee) the Financed Student Loans. Such representations and warranties speak as of the execution and delivery of this Agreement and as of the Closing Date, in the case of the Initial Financed Student Loans and as of the applicable Subsequent Transfer Date, in the case of the Other Student Loans, but shall survive the sale, transfer and assignment of the Financed Student Loans to the Eligible Lender Trustee on behalf of the Issuer and the pledge thereof to the Indenture Trustee pursuant to the Indenture.
