Common use of Administration and Collection of Financed Student Loans Clause in Contracts

Administration and Collection of Financed Student Loans. All Financed Student Loans shall be administered and collected by a Servicer selected by the Corporation in a competent, diligent and orderly fashion and in accordance with all requirements of the Higher Education Act, the Secretary of Education, this Indenture, the Federal Reimbursement Contracts, each Alternative Loan Program, each Guarantee Program and each Guarantee Agreement.

Administration and Collection of Financed Student Loans. All Financed Student Loans shall be administered and collected either by the Corporation or by a Servicer selected by the Corporation (and, after the Section 150(d)(3) Transfer, shall be so administered and collected by a Servicer) in a competent, diligent and orderly fashion and in accordance with all requirements of the Higher Education Act, the Secretary of Education, this Indenture, the Contract of Insurance and each applicable Certificate of Insurance, the Federal Reimbursement Contracts, each Alternative Loan ProgramContract, each Guarantee Program and each Guarantee Agreement.

Administration and Collection of Financed Student Loans. All Financed Student Loans shall be administered and collected by a Servicer selected by the Corporation in a competent, diligent and orderly fashion and in accordance with all requirements of the Higher Education Act, the Secretary of Education, this Indenture, the Federal Reimbursement Contracts, each Alternative Loan Program, each Guarantee Program and each Guarantee Agreement.