Add-On Consolidation Loan Account. On the Closing Date, the Issuer shall deposit the Add-On Consolidation Loan Account Initial Deposit into the Add-On Consolidation Loan Account. (i) From time to time during the Consolidation Loan Add-On Period, the Administrator will instruct the Indenture Trustee to withdraw funds from the Add-On Consolidation Loan Account to fund Add-On Consolidation Loans. (ii) The Administrator shall instruct the Indenture Trustee to transfer into the Collection Account any amounts remaining in the Add-On Consolidation Loan Account on the Business Day immediately following the end of the Consolidation Loan Add-On Period to be included as Available Funds for the Distribution Date related to the Collection Period in which the Consolidation Loan Add-On Period ended.
Appears in 3 contracts
Samples: Administration Agreement (SLM Student Loan Trust 2007-4), Administration Agreement (SLM Student Loan Trust 2007-1), Administration Agreement (SLM Student Loan Trust 2007-5)
Add-On Consolidation Loan Account. On the Closing Date, the Issuer shall deposit the Add-On Consolidation Loan Account Initial Deposit into the Add-On Consolidation Loan Account.
(i) i. From time to time during the Consolidation Loan Add-On Period, the Administrator will instruct the Indenture Trustee to withdraw funds from the Add-On Consolidation Loan Account to fund Add-On Consolidation Loans.
(ii) . The Administrator shall instruct the Indenture Trustee to transfer into the Collection Account any amounts remaining in the Add-On Consolidation Loan Account on the Business Day immediately following the end of the Consolidation Loan Add-On Period to be included as Available Funds for the Distribution Date related to the Collection Period in which the Consolidation Loan Add-On Period ended.
Appears in 3 contracts
Samples: Administration Agreement (SLM Student Loan Trust 2006-7), Administration Agreement (SLM Student Loan Trust 2006-10), Administration Agreement (SLM Student Loan Trust 2006-4)
Add-On Consolidation Loan Account. (i) On the Closing Date, the Issuer shall deposit the Add-On Consolidation Loan Account Initial Deposit into the Add-On Consolidation Loan Account.
(iii) From time to time during the Consolidation Loan Add-On Period, the Administrator will instruct the Indenture Trustee to withdraw funds from the Add-On Consolidation Loan Account to fund Add-On Consolidation Loans.
(iiiii) The Administrator shall instruct the Indenture Trustee to transfer into the Collection Account any amounts remaining in the Add-On Consolidation Loan Account on the Business Day immediately following the end of the Consolidation Loan Add-On Period to be included as Available Funds for the initial Distribution Date related to the Collection Period in which the Consolidation Loan Add-On Supplemental Purchase Period ended.
Appears in 2 contracts
Samples: Administration Agreement (SLM Student Loan Trust 2005-4), Administration Agreement (SLM Student Loan Trust 2005-5)
Add-On Consolidation Loan Account. (i) On the Closing Date, the Issuer shall deposit the Add-On Consolidation Loan Account Initial Deposit into the Add-On Consolidation Loan Account.
(iii) From time to time during the Consolidation Loan Add-On Period, the Administrator will instruct the Indenture Trustee to withdraw funds from the Add-On Consolidation Loan Account to fund Add-On Consolidation Loans.
(iiiii) The Administrator shall instruct the Indenture Trustee to transfer into the Collection Account any amounts remaining in the Add-On Consolidation Loan Account on the Business Day immediately following the end of the Consolidation Loan Add-On Period to be included as Available Funds for the Distribution Date related to the Collection Period in which the Consolidation Loan Add-On Period ended.
Appears in 1 contract
Samples: Administration Agreement (SLM Student Loan Trust 2005-9)
Add-On Consolidation Loan Account. (i) On the Closing Date, the Issuer shall deposit the Add-On Consolidation Loan Account Initial Deposit into the Add-On Consolidation Loan Account.
(iii) From time to time during the Consolidation Loan Add-On Period, the Administrator will instruct the Indenture Trustee to withdraw funds from the Add-On Consolidation Loan Account to fund Add-On Consolidation Loans.
(iiiii) The Administrator shall instruct the Indenture Trustee to transfer into the Collection Account any amounts remaining in the Add-On Consolidation Loan Account on the Business Day immediately following the end of the Consolidation Loan Add-On Period to be included as Available Funds for the April 2006 Distribution Date related to the Collection Period in which the Consolidation Loan Add-On Supplemental Purchase Period ended.
Appears in 1 contract
Samples: Administration Agreement (SLM Student Loan Trust 2005-6)
Add-On Consolidation Loan Account. (i) On the Closing Date, the Issuer shall deposit the Add-On Consolidation Loan Account Initial Deposit into the Add-On Consolidation Loan Account.
(iii) From time to time during the Consolidation Loan Add-On Period, the Administrator will instruct the Indenture Trustee to withdraw funds from the Add-On Consolidation Loan Account to fund Add-On Consolidation Loans.
(iiiii) The Administrator shall instruct the Indenture Trustee to transfer into the Collection Account any amounts remaining in the Add-On Consolidation Loan Account on the Business Day immediately following the end of the Consolidation Loan Add-On Period to be included as Available Funds for the April 2006 Distribution Date related to the Collection Period in which the Consolidation Loan Add-On Period ended.
Appears in 1 contract
Samples: Administration Agreement (SLM Student Loan Trust 2005-8)
Add-On Consolidation Loan Account. On the Closing Date, the Issuer shall deposit the Add-On Consolidation Loan Account Initial Deposit into the Add-On Consolidation Loan Account.
(i) From time to time during the Consolidation Loan Add-On Period, the Administrator will instruct the Indenture Trustee Paying Agent to withdraw funds from the Add-On Consolidation Loan Account to fund Add-On Consolidation Loans.
(ii) The Administrator shall instruct the Indenture Trustee Paying Agent to transfer into the Collection Account any amounts remaining in the Add-On Consolidation Loan Account on the Business Day immediately following the end of the Consolidation Loan Add-On Period to be included as Available Funds for the Distribution Date related to the Collection Period in which the Consolidation Loan Add-On Period ended.
Appears in 1 contract
Samples: Administration Agreement (Wells Fargo Student Loans Receivables I LLC)
Add-On Consolidation Loan Account. (i) On the Closing Date, the Issuer shall deposit the Add-On Consolidation Loan Account Initial Deposit into the Add-On Consolidation Loan Account.
(i) . From time to time during the Consolidation Loan Add-On Period, the Administrator will instruct the Indenture Trustee to withdraw funds from the Add-On Consolidation Loan Account to fund Add-On Consolidation Loans.
(ii) . The Administrator shall instruct the Indenture Trustee to transfer into the Collection Account any amounts remaining in the Add-On Consolidation Loan Account on the Business Day immediately following the end of the Consolidation Loan Add-On Period to be included as Available Funds for the Distribution Date related to the Collection Period in which the Consolidation Loan Add-On Period ended.
Appears in 1 contract
Samples: Administration Agreement (SLM Student Loan Trust 2006-5)
Add-On Consolidation Loan Account. (i) On the Closing Date, the Issuer shall deposit the Add-On Consolidation Loan Account Initial Deposit into the Add-On Consolidation Loan Account.
(iii) From time to time during the Consolidation Loan Add-On Period, the Administrator will instruct the Indenture Trustee to withdraw funds from the Add-On Consolidation Loan Account to fund Add-On Consolidation Loans.
(iiiii) The Administrator shall instruct the Indenture Trustee to transfer into the Collection Account any amounts remaining in the Add-On Consolidation Loan Account on the Business Day immediately following the end of the Consolidation Loan Add-On Period to be included as Available Funds for the January 2006 Distribution Date related to the Collection Period in which the Consolidation Loan Add-On on Period ended.
Appears in 1 contract
Samples: Administration Agreement (SLM Student Loan Trust 2005-7)
Add-On Consolidation Loan Account. On the Closing Date, the Issuer shall deposit the Add-On Consolidation Loan Account Initial Deposit into the Add-On Consolidation Loan Account.. Administration Agreement
(i) i. From time to time during the Consolidation Loan Add-On Period, the Administrator will instruct the Indenture Trustee to withdraw funds from the Add-On Consolidation Loan Account to fund Add-On Consolidation Loans.
(ii) . The Administrator shall instruct the Indenture Trustee to transfer into the Collection Account any amounts remaining in the Add-On Consolidation Loan Account on the Business Day immediately following the end of the Consolidation Loan Add-On Period to be included as Available Funds for the Distribution Date related to the Collection Period in which the Consolidation Loan Add-On Period ended.
Appears in 1 contract
Samples: Administration Agreement (SLM Student Loan Trust 2006-6)
