Common use of Assignment of Origination Rights Clause in Contracts

Assignment of Origination Rights. Program Lender shall insure that Program Lender's rights under the Servicing Agreement and the Origination Agreement with respect to any matters occurring prior to the Purchase Date and affecting the Seasoned Loans included in each Pool shall be transferred to FMC or the Purchaser Trust by execution and delivery of a Pool Supplement. Program Lender shall require the party who originated each such Seasoned Loan to complete any loan origination services being performed for Program Lender on the Purchase Date so that complete Origination Records are ready for transfer to the Purchaser Trust (or to Servicer on its behalf).

Appears in 5 contracts

Samples: Note Purchase Agreement, Note Purchase Agreement (National Collegiate Student Loan Trust 2006-2), Note Purchase Agreement (First Marblehead Corp)

AutoNDA by SimpleDocs

Assignment of Origination Rights. Program Lender shall insure that Program Lender's rights under the Servicing Agreement and the Origination Services Agreement with respect to any matters occurring prior to the Purchase Date and affecting the Seasoned Loans included in each Pool shall be transferred to FMC or the Purchaser Trust by execution and delivery of a Pool SupplementServicing Assignment and Servicer Consent Letter. Program Lender shall require the party who originated each such Seasoned Loan XXXX to complete any loan origination services being performed for Program Lender under the Origination Services Agreement on the Purchase Date so 15 that complete Origination Records are ready for transfer to the Purchaser Trust (or to Servicer on its behalf).

Appears in 1 contract

Samples: Note Purchase Agreement (First Marblehead Corp)

AutoNDA by SimpleDocs

Assignment of Origination Rights. Program Lender shall insure that Program Lender's rights under the Servicing Agreement and the Origination Agreement with respect to any matters occurring prior to the Purchase Date and affecting the Seasoned CFS Conforming Loans included in each Pool shall be transferred to FMC or the Purchaser Trust by execution and delivery of a Pool Supplement. Program Lender shall require the party who originated each such Seasoned CFS Conforming Loan to complete any loan origination services being performed for Program Lender on the Purchase Date so that complete Origination Records are ready for transfer to the Purchaser Trust (or to Servicer on its behalf).

Appears in 1 contract

Samples: Note Purchase Agreement (First Marblehead Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!