Common use of Communicate Clause in Contracts

Communicate. if appropriate after the credit denial appeal process is completed, its approval of a Loan Application to [•] for each Applicant which [•] previously identified as possessing an Adverse Credit history by submitting a letter attached to the Loan Application (or a copy of the Loan Application) requesting the PLUS Loan to be guaranteed, due to error or other extenuating circumstances relating to the original credit information obtained by [•] on LENDER’s behalf, and properly documenting such error correction or other extenuating circumstances.

Appears in 2 contracts

Samples: Servicing Agreement (Goal Capital Funding, LLC), Servicing Agreement (Goal Capital Funding, LLC)

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Communicate. if appropriate after the credit denial appeal process is completed, its approval of a Loan Application to [•] SERVICER for each Applicant which [•] SERVICER previously identified as possessing an Adverse Credit history by submitting a letter attached to the Loan Application (or a copy of the Loan Application) requesting the PLUS Loan to be guaranteed, due to error or other extenuating circumstances relating to the original credit information obtained by [•] SERVICER on LENDER’s LENDERS behalf, and properly documenting such error correction or other extenuating circumstances.

Appears in 2 contracts

Samples: Federal Ffelp Origination and Servicing Agreement (College Loan LLC), Federal Ffelp Origination and Servicing Agreement (College Loan Corp Trust II)

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Communicate. if appropriate after the credit denial appeal process is completed, its approval of a Loan Application to [•] SERVICER for each Applicant which [•] SERVICER previously identified as possessing an Adverse Credit history by submitting a letter attached to the Loan Application (or a copy of the Loan Application) requesting the PLUS Loan to be guaranteed, due to error or other extenuating circumstances relating to the original credit information obtained by [•] SERVICER on LENDER’s ISSUERS behalf, and properly documenting such error correction or other extenuating circumstances.

Appears in 1 contract

Samples: Federal Ffelp Origination and Servicing Agreement (College Loan Corp Trust I)

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