Borrower’s Student Loan. This Agreement shall terminate as to a specific Borrower's Student Loan at the close of the month during which the principal, interest, and late charges, if any, have been fully paid and remitted to FMC, the Borrower has been notified that the Student Loan has been paid in full, or at the close of the month during which notification is given to the Servicer that a claim for guarantee/insurance relating to the Student Loan has been paid by the Guarantor, or upon the sale or transfer of a specific Borrower's Student Loan where the Servicer does not continue Servicing such Student Loan subject to the provisions set forth in Section 11.4 herein.
Appears in 5 contracts
Samples: Alternative Servicing Agreement, Alternative Loan Servicing Agreement (National Collegiate Funding LLC), Alternative Servicing Agreement (National Collegiate Funding LLC)
