Common use of Auction Schedule Clause in Contracts

Auction Schedule. The Auction Agent shall conduct Auctions on the Auction Date in accordance with the schedule set forth below. Such schedule may be changed by the Auction Agent with the consent of the Trustee and the Market Agent, which consent shall not be unreasonably withheld or delayed. The Auction Agent shall give notice pursuant to Section 4.3 of the applicable Broker-Dealer Agreement of any such change to each Broker-Dealer. Such notice shall be given prior to the first Auction Date on which any such change shall be effective. By 9:30 a.m. The Auction Agent advises the Trustee and the Broker-Dealers of the Maximum Auction Rate, the All Hold Rate, the Net Loan Rate and One-Month LIBOR or Three-Month LIBOR, as the case may be, to be used in determining the Auction Rate under the Auction Procedures, the First Supplemental Indenture and this Auction Agent Agreement.

Appears in 6 contracts

Samples: Auction Agent Agreement (Education Loans Inc /De), Auction Agent Agreement (Education Loans Inc /De), Auction Agent Agreement (Education Loans Inc /De)

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Auction Schedule. The Auction Agent shall conduct Auctions for the Auction Rate Notes on the Auction Date in accordance with the schedule set forth below. Such schedule may be changed by the Auction Agent with the consent of the Indenture Trustee and the Market Agent, which consent shall consents are not to be unreasonably withheld or delayed. The Auction Agent shall give notice pursuant to Section 4.3 Notice of the applicable Broker-Dealer Agreement of any such a change to each Broker-Dealer. Such notice shall must be given prior to the close of business on the Business Day preceding the first Auction Date on which any such change shall be effective. Time Event By 9:30 a.m. The Auction Agent advises the Indenture Trustee and the Broker-Dealers of the Maximum Auction Rate, the Net Loan Rate, the All Hold Rate, and the Net Loan Applicable LIBOR Rate and One-Month LIBOR or Three-Month LIBOR, as the case may be, to be used in determining the Auction Rate under the Auction Procedures, Procedures and the First Supplemental Indenture and this Auction Agent Agreement.

Appears in 3 contracts

Samples: Auction Agent Agreement (Education Capital I LLC), Auction Agent Agreement (Education Capital I LLC), Auction Agent Agreement (Education Capital I LLC)

Auction Schedule. The Auction Agent shall conduct Auctions on the Auction Date in accordance with the schedule set forth below. Such schedule may be changed by the Auction Agent with the consent of the Trustee and the Market Agent, which consent shall not be unreasonably withheld or delayed. The Auction Agent shall give notice pursuant to Section 4.3 of the applicable Broker-Dealer Agreement of any such change to each Broker-Dealer. Such notice shall be given prior to the first Auction Date on which any such change shall be effective. By 9:30 a.m. . a. m. The Auction Agent advises the Trustee and the Broker-Dealers of the Maximum Auction Rate, the All Hold Rate, the Net Loan Rate and One-Month LIBOR or Three-Month LIBOR, as the case may be, to be used in determining the Auction Rate under the Auction Procedures, the First Fourth Supplemental Indenture and this Auction Agent Agreement.

Appears in 1 contract

Samples: Auction Agent Agreement (Education Loans Inc /De)

Auction Schedule. The Auction Agent shall conduct Auctions on the Auction Date in accordance with the schedule set forth below. Such schedule may be changed by the Auction Agent with the consent of the Trustee and the Market Agent, which consent shall not be unreasonably withheld or delayed. The Auction Agent shall give notice pursuant to Section 4.3 of the applicable Broker-Dealer Agreement of any such change to each Broker-Dealer. Such notice shall be given prior to the first Auction Date on which any such change shall be effective. By 9:30 a.m. . a. m. The Auction Agent advises the Trustee and the Broker-Dealers of the Maximum Auction Rate, the All Hold Rate, the Net Loan Rate and One-Month LIBOR or Three-Month LIBOR, as the case may be, to be used in determining the Auction Rate under the Auction Procedures, the First Third Supplemental Indenture and this Auction Agent Agreement.

Appears in 1 contract

Samples: Auction Agent Agreement (Education Loans Inc /De)

Auction Schedule. The Auction Agent shall conduct Auctions on the Auction Date in accordance with the schedule set forth below. Such schedule may be changed by the Auction Agent with the consent of the Trustee WASI and the Market Agent, which consent shall not be unreasonably withheld or delayed. The Auction Agent shall give notice pursuant to Section 4.3 of the applicable Broker-Dealer Agreement of any such change to each Broker-Dealer. Such notice shall be given prior to the first Auction Date on which any such change shall be effective. By 9:30 a.m. A.M. The Auction Agent advises the Trustee Servicer and the Broker-Dealers of the Maximum Auction Rate, the All Hold RateRate and, as provided by the Servicer, the Class A-II-2 Net Loan WAC Rate with respect to the Auction Date and One-Month LIBOR or Three-Month LIBOR, as the case may be, to be used in determining the Auction Rate under the Auction Procedures, the First Supplemental Indenture and this Auction Agent Agreement.

Appears in 1 contract

Samples: Auction Agent Agreement (Wachovia Asset Securitization Inc 2003-He2 Trust)

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Auction Schedule. The Auction Agent shall conduct Auctions on the ---------------- Auction Date in accordance with the schedule set forth below. Such schedule may be changed by the Auction Agent with the consent of the Trustee and the Market Agent, which consent shall not be unreasonably withheld or delayed. The Auction Agent shall give notice pursuant to Section 4.3 of the applicable Broker-Dealer Agreement of any such change to each Broker-Dealer. Such notice shall be given prior to the first Auction Date on which any such change shall be effective. By 9:30 a.m. The Auction Agent advises the Trustee and the Broker-Dealers of the Maximum Auction Rate, the All Hold Rate, the Net Loan Rate and One-One- Month LIBOR or Three-Month LIBOR, as the case may be, to be used in determining the Auction Rate under the Auction Procedures, the First Second Supplemental Indenture and this Auction Agent Agreement.

Appears in 1 contract

Samples: Auction Agent Agreement (Education Loans Inc /De)

Auction Schedule. The Auction Agent shall conduct Auctions on the Auction Date in accordance with the schedule set forth below. Such schedule may be changed by the Auction Agent with the consent of the Trustee WASI and the Market Agent, which consent shall not be unreasonably withheld or delayed. The Auction Agent shall give notice pursuant to Section 4.3 of the applicable Broker-Dealer Agreement of any such change to each Broker-Dealer. Such notice shall be given prior to the first Auction Date on which any such change shall be effective. By 9:30 a.m. A.M. The Auction Agent advises the Trustee Servicer and the Broker-Dealers of the Maximum Auction Rate, the All Hold RateRate and, as provided by the Servicer, the Net Loan WAC Rate with respect to the Auction Date and One-Month LIBOR or Three-Month LIBOR, as the case may be, to be used in determining the Auction Rate under the Auction Procedures, the First Supplemental Indenture and this Auction Agent Agreement.

Appears in 1 contract

Samples: Auction Agent Agreement (Wachovia Asset Securitization Inc 2002 He2 Trust)

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