Common use of Administrator's Certificate Clause in Contracts

Administrator's Certificate. (a) On each Determination Date, the Administrator will advise the Indenture Trustee in writing of the applicable Noteholders' Interest Distribution Amount or Certificateholders' Interest Distribution Amount. Additionally, no later than 16 days prior to each Note Distribution Date for the Class of Notes then entitled to receive payments of principal (or, after all Notes have been paid in full, no later than 16 days prior to each Certificate Distribution Date) the Administrator will advise the Indenture Trustee in writing of the applicable Noteholders' Principal Distribution Amount (or, after all the Notes have been paid in full, for the Class of Certificates with the earliest Final Maturity Date, the Certificateholders' Principal Distribution Amount). Further, on the Determination Date relating to the first Certificate Distribution Date occurring each month (or for each month in which a Note Distribution Date occurs earlier than the Certificate Distribution Date, on the Determination Date relating to such earlier Note Distribution Date), the Administrator will advise the Indenture Trustee in writing of Transaction Fees (separately and in the aggregate) for the preceding month. (b) On each Determination Date, the Administrator also shall deliver to the Eligible Lender Trustee, the Indenture Trustee and a Seller (if such Seller is not also the Administrator), with a copy to the Surety Provider and to the Rating Agencies, an Administrator's Certificate containing all information necessary to make the distributions pursuant to Sections 5.5, 5.6 and 5.8(b), if applicable, for the upcoming Note Distribution Date or Certificate Distribution Date. Such Administrator's Certificate also shall include the Deficiency Amount, if any, for the upcoming Note Distribution Date or Certificate Distribution Date and the amount, if any, of Note Surety Bond Payments or Certificate Surety Bond Payments required to be made on the upcoming Note Distribution Date or Certificate Distribution Date. Financed Student Loans to be repurchased by a Seller (whether pursuant to Section 2.3 or 3.2), purchased by a Master Servicer, TMSI or TMSI's designee or acquired by any Guarantor shall be identified by the Administrator by type of loan and borrower social security number with respect to such Financed Student Loan (as specified in Schedule A). (c) On or before the 15th day of each month, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee and a Seller (if such Seller is not also the Administrator), with a copy to the Surety Provider and the Rating Agencies, a report setting forth by component the Available Funds for the immediately preceding Collection Period.

Administrator's Certificate. (a) On each Determination Date, the Administrator will advise shall deliver to the Indenture Trustee and the Eligible Lender Trustee in writing of the applicable Noteholders' Interest Distribution Amount or Certificateholders' Interest Distribution Amount. Additionally, no later than 16 days prior to each Note Distribution Date for the Class of Notes then entitled to receive payments of principal (or, after all Notes have been paid in full, no later than 16 days prior to each Certificate Distribution Date) the Administrator will advise the Indenture Trustee in writing of the applicable Noteholders' Noteholders Principal Distribution Amount (or, after and all the Notes have been amounts to be paid in full, for the Class of Certificates with the earliest Final Maturity Date, the Certificateholders' Principal Distribution Amount). Further, to Certificateholders on the related Distribution Date. On each Determination Date relating to the first Certificate Distribution Date occurring each month (or for each month in which a Note Distribution Date occurs earlier than the Certificate Quarterly Distribution Date, on the Determination Date relating to such earlier Note Distribution Date), the Administrator will advise shall deliver to the Indenture Trustee and the Eligible Lender Trustee in writing of the estimated Transaction Fees (separately and in the aggregate) for the three succeeding Collection Periods. Two Business Days prior to the 25th day of each month, the Administrator will advise the Indenture Trustee and the Eligible Lender Trustee in writing of the Consolidation Loan Fees for the preceding monthCollection Period. (b) On each Determination Date, the Administrator also shall deliver to the Eligible Lender Trustee, the Indenture Trustee and a Seller the Transferor (if such Seller the Transferor is not also the Administrator), with a copy to the Surety Provider and to the Rating Agencies, an Administrator's Certificate containing all information necessary to make the distributions pursuant to Sections 5.5, 5.6 5.5 and 5.8(b)5.6, if applicable, for the upcoming Note Distribution Date or Certificate Distribution Date. Such Administrator's Certificate also shall include the Deficiency Amount, if any, for the upcoming Note Distribution Date or Certificate Distribution Date and the amount, if any, of Note Surety Bond Payments or Certificate Surety Bond Payments required to be made on the upcoming Note Distribution Date or Certificate Distribution Date. Financed Student Loans to be repurchased by a Seller the Transferor (whether pursuant to Section 2.3 or 3.2), purchased by a the Master Servicer, TMSI or TMSI's designee Servicer or acquired by any Guarantor shall be identified by the Administrator by type of loan and borrower social security number with respect to such Financed Student Loan (as specified in Schedule AA-1 and Schedule A- 2). (c) On or before the 15th day of each month, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee and a Seller the Transferor (if such Seller the Transferor is not also the Administrator), with a copy to the Surety Provider and Administrator's Certificate substantially in the Rating Agencies, a report form of Exhibit C setting forth by component the Available Funds for the immediately preceding Collection Period.

Administrator's Certificate. (a) On each Determination Date, the Administrator will advise the Indenture Trustee in writing of the applicable Noteholders' Interest Distribution Amount or Certificateholders' Interest Distribution Amount. Additionally, no later than 16 days prior to each Note Distribution Date for the Class of Notes then entitled to receive payments of principal (or, after all Notes have been paid in full, no later than 16 days prior to each Certificate Distribution Date) the Administrator will advise the Indenture Trustee in writing of the applicable Noteholders' Principal Distribution Amount (or, after all the Notes have been paid in full, for the Class of Certificates with the earliest Final Maturity Date, the Certificateholders' Principal Distribution Amount). Further, on the Determination Date relating to the first Certificate Distribution Date occurring each month (or for each month in which a Note Distribution Date occurs earlier than the Certificate Distribution Date, on the Determination Date relating to such earlier Note Distribution Date), the Administrator will advise the Indenture Trustee in writing of Transaction Fees (separately and in the aggregate) for the preceding month. (b) On each Determination Date, the Administrator also shall deliver to the Eligible Lender Trustee, the Indenture Trustee and a the Seller (if such the Seller is not also the Administrator), with a copy to the Surety Provider and to the Rating Agencies, an Administrator's Certificate containing all information necessary to make the distributions pursuant to Sections 5.5, 5.6 and 5.8(b), if applicable, for the upcoming Note Distribution Date or Certificate Distribution Date. Such Administrator's Certificate also shall include the Deficiency Amount, if any, for the upcoming Note Distribution Date or Certificate Distribution Date and the amount, if any, of Note Surety Bond Payments or Certificate Surety Bond Payments required to be made on the upcoming Note Distribution Date or Certificate Distribution Date. Financed Student Loans to be repurchased by a the Seller (whether pursuant to Section 2.3 or 3.2), purchased by a the Master Servicer, TMSI or TMSI's designee or acquired by any Guarantor shall be identified by the Administrator by type of loan and borrower social security number with respect to such Financed Student Loan (as specified in Schedule A). (c) On or before the 15th day of each month, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee and a the Seller (if such the Seller is not also the Administrator), with a copy to the Surety Provider and the Rating Agencies, a report setting forth by component the Available Funds for the immediately preceding Collection Period.

Administrator's Certificate. (a) On each --------------------------- Determination Date, the Administrator will advise the Indenture Trustee in writing of the applicable Noteholders' Interest Distribution Amount or Certificateholders' Interest Distribution Amount. Additionally, no later than 16 days prior to each Note Distribution Date for the Class of Notes then entitled to receive payments of principal (or, after all Notes have been paid in full, no later than 16 days prior to each Certificate Distribution Date) the Administrator will advise the Indenture Trustee in writing of the applicable Noteholders' Principal Distribution Amount (or, after all the Notes have been paid in full, for the Class of Certificates with the earliest Final Maturity Date, the Certificateholders' Principal Distribution Amount). Further, on the Determination Date relating to the first Certificate Distribution Date occurring each month (or for each month in which a Note Distribution Date occurs earlier than the Certificate Distribution Date, on the Determination Date relating to such earlier Note Distribution Date), the Administrator will advise the Indenture Trustee in writing of Transaction Fees (separately and in the aggregate) for the preceding month. (b) On each Determination Date, the Administrator also shall deliver to the Eligible Lender Trustee, the Indenture Trustee and a the Seller (if such the Seller is not also the Administrator), with a copy to the Surety Provider and to the Rating Agencies, an Administrator's Certificate containing all information necessary to make the distributions pursuant to Sections 5.5, 5.6 and 5.8(b), if applicable, for the upcoming Note Distribution Date or Certificate Distribution Date. Such Administrator's Certificate also shall include the Deficiency Amount, if any, for the upcoming Note Distribution Date or Certificate Distribution Date and the amount, if any, of Note Surety Bond Payments or Certificate Surety Bond Payments required to be made on the upcoming Note Distribution Date or Certificate Distribution Date. Financed Student Loans to be repurchased by a the Seller (whether pursuant to Section 2.3 or 3.2), purchased by a the Master Servicer, TMSI or TMSI's designee or acquired by any Guarantor shall be identified by the Administrator by type of loan and borrower social security number with respect to such Financed Student Loan (as specified in Schedule A). (c) On or before the 15th day of each month, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee and a the Seller (if such the Seller is not also the Administrator), with a copy to the Surety Provider and the Rating Agencies, a report setting forth by component the Available Funds for the immediately preceding Collection Period.

Administrator's Certificate. (a) On each Determination Date, the Administrator will advise the Indenture Trustee in writing of the applicable Noteholders' Interest Distribution Amount or Certificateholders' Interest Distribution Amount. Additionally, no later than 16 days prior to each Note Distribution Date for the Class of Notes then entitled to receive payments of principal (or, after all Notes have been paid in full, no later than 16 days prior to each Certificate Distribution Date) the Administrator will advise the Indenture Trustee in writing of the applicable Noteholders' Principal Distribution Amount (or, after all the Notes have been paid in full, for the Class of Certificates with the earliest Final Maturity Date, the Certificateholders' Principal Distribution Amount). Further, on the Determination Date relating to the first Certificate Distribution Date occurring each month (or for each month in which a Note Distribution Date occurs earlier than the Certificate Distribution Date, on the Determination Date relating to such earlier Note Distribution Date), the Administrator will advise the Indenture Trustee in writing of Transaction Fees (separately and in the aggregate) for the preceding month. (b) On each Determination Date, the Administrator also shall deliver to the Eligible Lender Trustee, the Indenture Trustee and a Seller (if such Seller is not also the Administrator), with a copy to the Surety Provider and to the Rating Agencies, an Administrator's Certificate containing all information necessary to make the distributions pursuant to Sections 5.5, 5.6 and 5.8(b), if applicable, for the upcoming Note Distribution Date or Certificate Distribution Date. Such Administrator's Certificate also shall include the Deficiency Amount, if any, for the upcoming Note Distribution Date or Certificate Distribution Date and the amount, if any, of Note Surety Bond Payments or Certificate Surety Bond Payments required to be made on the upcoming Note Distribution Date or Certificate Distribution Date. Financed Student Loans to be repurchased by a Seller (whether pursuant to Section 2.3 or 3.2), purchased by a Master Servicer, TMSI or TMSI's designee or acquired by any Guarantor shall be identified by the Administrator by type of loan and borrower social security number with respect to such Financed Student Loan (as specified in Schedule A). (c) On or before the 15th day of each month, the Administrator shall deliver to the Eligible Lender Trustee, the Indenture Trustee and a Seller (if such Seller is not also the Administrator), with a copy to the Surety Provider and the Rating Agencies, a report setting forth by component the Available Funds for the immediately preceding Collection Period.