Common use of Compliance For Student Loans Clause in Contracts

Compliance For Student Loans. (i) Track on an ongoing basis the aggregate Principal Balance of all Student Loans being acquired which are not Consolidation Loans and verify that the aggregate Principal Balance of all Student Loans which are not Consolidation Loans does not exceed the limit set forth in the applicable Supplemental Indenture, which limit is currently $50,000,000; (ii) Track on an ongoing basis the aggregate Principal Balance of all Student Loans being acquired which are not Consolidation Loans and verify that the aggregate Principal balance of such Student Loans which are not Consolidation Loans does not exceed the limit set forth in the applicable Supplemental Indenture, which limit is currently $50,000,000; (iii) Verify, based upon information periodically provided by Servicers, that the Student Loans being acquired with “graduated repayment characteristics” (bearing interest only for the fast one-third of the payment term) does not exceed the limit as set forth in the applicable Supplemental Indenture, which limit is currently 80% of all Student Loans; (iv) Track on an ongoing basis the aggregate Principal Balance of all Consolidation Loans being acquired which have an interest rate of 5.0% or higher and verify that the Premium, Origination Fees and Borrower Benefits being paid for those Consolidation Loans does not exceed the limits set forth in the applicable Supplemental Indenture, which limits are currently 1.6%, 0.50% and 1.0%, respectively, of the aggregate Principal Balance of those Consolidation Loans and track on an ongoing basis the aggregate Principal Balance of all Consolidation Loans being acquired which have an interest rate of less than 5.0% and verify that the Premium and Origination Fees being paid for those Consolidation Loans does not exceed the limits set forth in the applicable Supplemental Indenture, which limits are currently 1.6% and 0.5%, respectively, of the aggregate Principal Balance of those Consolidation Loans; (v) Track on an ongoing basis and verify that not more than 3% of the Financed Student Loans purchased which are Consolidation Loans have original principal balances at the time of purchase of less than $15,000; provided, however, that any Consolidation Loan which was purchased with an original principal balance of less that $15,000 at the time of purchase, but for which a subsequent Add-On Loan has been made and the principal balance of the Add-On Loan, when added to the original principal balance of such Consolidation Loan at the time of purchase, shall cause the original principal balance of such Consolidation Loan to exceed $15,000, shall be excluded from the computation of the 3% limitation. (vi) Track on an ongoing basis the aggregate Principal Balance of all Student Loans which a “borrower benefit” is being offered to verify that the percentage of Student Loans offering a “borrower benefit” does not exceed the allowable limit as set forth in a Supplemental Indenture, which limit is currently 40% of the Student Loans; and (vii) Track on an ongoing basis the aggregate Principal Balance of all Consolidation Loans being acquired which have an interest rate of 5.0% or greater to verify that the aggregate Principal Balance of those Consolidation loans does not exceed the limit as set forth in a Supplemental Indenture, which limit is currently 40% of the aggregate Principal Balance of all Student Loans being acquired.

Compliance For Student Loans. (i) Track on an ongoing basis the aggregate Principal Balance of all Student Loans being acquired which are not Consolidation Loans and verify that the aggregate Principal Balance of all Student Loans which are not Consolidation Loans does not exceed the limit set forth in the applicable Supplemental Indenture, which limit is currently $50,000,00025,000,000; (ii) Track on an ongoing basis the aggregate Principal Balance of all Student Loans being acquired which are not Consolidation Loans and verify that the aggregate Principal balance of such Student Loans which are not Consolidation Loans “unsubsidized or subsidized Sxxxxxxx loans” does not exceed the limit set forth in the applicable Supplemental Indenture, which limit is currently $50,000,00012,500,000; (iii) Verify, based upon information periodically provided by Servicers, that the Student Loans being acquired with “graduated repayment characteristics” (bearing interest only for the fast first one-third of the payment term) does not exceed the limit as set forth in the applicable Supplemental Indenture, which limit is currently 80% of all Student Loans; (iv) Track on an ongoing basis the aggregate Principal Balance of all Consolidation Loans being acquired which have an interest rate of 5.06.0% or higher and verify that the Premium, Origination Fees and Borrower Benefits being paid for those Consolidation Loans does not exceed the limits set forth in the applicable Supplemental Indenture, which limits are currently 1.6%, 0.50% and 1.0%, respectively, of the aggregate Principal Balance of those Consolidation Loans and track on an ongoing basis the aggregate Principal Balance of all Consolidation Loans being acquired which have an interest rate of less than 5.06.0% and verify that the Premium and Origination Fees being paid for those Consolidation Loans does not exceed the limits set forth in the applicable Supplemental Indenture, which limits are currently 1.6% and 0.5%, respectively, of the aggregate Principal Balance of those Consolidation Loans; (v) Track on an ongoing basis and verify that not more than 3% of the Financed Student Loans purchased which are Consolidation Loans have original principal balances at the time of purchase of less than $15,000; provided, however, that any Consolidation Loan which was purchased with an original principal balance of less that $15,000 at the time of purchase, but for which a subsequent Add-On Loan has been made and the principal balance of the Add-On Loan, when added to the original principal balance of such Consolidation Loan at the time of purchase, shall cause the original principal balance of such Consolidation Loan to exceed $15,000, shall be excluded from the computation of the 3% limitation.; (vi) Track on an ongoing basis the aggregate Principal Balance of all Student Loans which a “borrower benefit” is being offered to verify that the percentage of Student Loans offering a “borrower benefit” does not exceed the allowable limit as set forth in a Supplemental Indenture, which limit is currently 40% of the Student Loans; and (vii) Track on an ongoing basis the aggregate Principal Balance of all Consolidation Loans being acquired which have an interest rate of 5.06.0% or greater to verify that the aggregate Principal Balance of those Consolidation loans does not exceed the limit as set forth in a Supplemental Indenture, which limit is currently 40% of the aggregate Principal Balance of all Student Loans being acquired.

Compliance For Student Loans. (i) Track on an ongoing basis the aggregate Principal Balance of all Student Loans being acquired which are not Consolidation Loans and verify that the aggregate Principal Balance of all Student Loans which are not Consolidation Loans does not exceed the limit set forth in the applicable Supplemental Indenture, which limit is currently $50,000,000; (ii) Track on an ongoing basis the aggregate Principal Balance of all Student Loans being acquired which are not Consolidation Loans and verify that the aggregate Principal balance of such Student Loans which are not Consolidation Loans does not exceed the limit set forth in the applicable Supplemental Indenture, which limit is currently $50,000,000; (iii) Verify, based upon information periodically provided by Servicers, that the Student Loans being acquired with “graduated repayment characteristics” (bearing interest only for the fast first one-third of the payment term) does not exceed the limit as set forth in the applicable Supplemental Indenture, which limit is currently 80% of all Student Loans; (iviii) Track on an ongoing basis the aggregate Principal Balance of all Consolidation Loans being acquired which have an interest rate of 5.0% or higher and verify that the Premium, Origination Fees and Borrower Benefits being paid for those Consolidation Loans does do not exceed the limits set forth in the applicable Supplemental Indenture, which limits are currently 1.6%, 0.50% and 1.0%, respectively, of the aggregate Principal Balance of those Consolidation Loans Indenture and track on an ongoing basis the aggregate Principal Balance of all Consolidation Loans being acquired which have an interest rate of less than 5.0% five percent (5%) and verify that the Premium and Origination Fees being paid for those Consolidation Loans does do not exceed the limits set forth in the applicable Supplemental Indenture, which limits are currently 1.6% and 0.5%, respectively, of the aggregate Principal Balance of those Consolidation Loans; 6 A/ R ADMINISTRATION AGREEMENT (viv) Track on an ongoing basis and verify that not more than three percent (3% %) of the Financed Student Loans purchased which are Consolidation Loans have original principal balances at the time of purchase of less than fifteen thousand dollars ($15,000); provided, however, that any Consolidation Loan which was purchased with an original principal balance of less that than fifteen thousand dollars ($15,000 15,000) at the time of purchase, but for which a subsequent Add-On Loan has been made and the principal balance of the Add-On Loan, when added to the original principal balance of such Consolidation Loan at the time of purchase, shall cause the original principal balance of such Consolidation Loan to exceed fifteen thousand dollars ($15,000), shall be excluded from the computation of the three percent (3% %) limitation. (viv) Track on an ongoing basis the aggregate Principal Balance of all Student Loans which a “borrower benefit” is being offered to verify that the percentage of Student Loans offering a “borrower benefit” does not exceed the allowable limit as set forth in a Supplemental Indenture, which limit is currently 40% of the Student Loans; and (viivi) Track on an ongoing basis the aggregate Principal Balance of all Consolidation Loans being acquired which have an interest rate of 5.0% five percent (5%) or greater to verify that the aggregate Principal Balance of those Consolidation loans Loans does not exceed the limit as set forth in a Supplemental Indenture, which limit is currently 40% of the aggregate Principal Balance of all Student Loans being acquired.

Compliance For Student Loans. (i) Track on an ongoing basis the aggregate Principal Balance of all Student Loans being acquired which are not Consolidation Loans and verify that the aggregate Principal Balance of all Student Loans which are not Consolidation Loans does not exceed the limit set forth in the applicable Supplemental Indenture, which limit is currently $50,000,000; (ii) Track on an ongoing basis the aggregate Principal Balance of all Student Loans being acquired which are not Consolidation Loans and verify that the aggregate Principal balance of such Student Loans which are not Consolidation Loans does not exceed the limit set forth in the applicable Supplemental Indenture, which limit is currently $50,000,000; (iii) Verify, based upon information periodically provided by Servicers, that the Student Loans being acquired with “graduated repayment characteristics” (bearing interest only for the fast first one-third of the payment term) does not exceed the limit as set forth in the applicable Supplemental Indenture, which limit is currently 80% of all Student Loans; 6 A/ R ADMINISTRATION AGREEMENT (iviii) Track on an ongoing basis the aggregate Principal Balance of all Consolidation Loans being acquired which have an interest rate of 5.0% or higher and verify that the Premium, Origination Fees and Borrower Benefits being paid for those Consolidation Loans does do not exceed the limits set forth in the applicable Supplemental Indenture, which limits are currently 1.6%, 0.50% and 1.0%, respectively, of the aggregate Principal Balance of those Consolidation Loans Indenture and track on an ongoing basis the aggregate Principal Balance of all Consolidation Loans being acquired which have an interest rate of less than 5.0% five percent (5%) and verify that the Premium and Origination Fees being paid for those Consolidation Loans does do not exceed the limits set forth in the applicable Supplemental Indenture, which limits are currently 1.6% and 0.5%, respectively, of the aggregate Principal Balance of those Consolidation Loans; (viv) Track on an ongoing basis and verify that not more than three percent (3% %) of the Financed Student Loans purchased which are Consolidation Loans have original principal balances at the time of purchase of less than fifteen thousand dollars ($15,000); provided, however, that any Consolidation Loan which was purchased with an original principal balance of less that than fifteen thousand dollars ($15,000 15,000) at the time of purchase, but for which a subsequent Add-On Loan has been made and the principal balance of the Add-On Loan, when added to the original principal balance of such Consolidation Loan at the time of purchase, shall cause the original principal balance of such Consolidation Loan to exceed fifteen thousand dollars ($15,000), shall be excluded from the computation of the three percent (3% %) limitation. (viv) Track on an ongoing basis the aggregate Principal Balance of all Student Loans which a “borrower benefit” is being offered to verify that the percentage of Student Loans offering a “borrower benefit” does not exceed the allowable limit as set forth in a Supplemental Indenture, which limit is currently 40% of the Student Loans; and (viivi) Track on an ongoing basis the aggregate Principal Balance of all Consolidation Loans being acquired which have an interest rate of 5.0% five percent (5%) or greater to verify that the aggregate Principal Balance of those Consolidation loans Loans does not exceed the limit as set forth in a Supplemental Indenture, which limit is currently 40% of the aggregate Principal Balance of all Student Loans being acquired. 7 A/ R ADMINISTRATION AGREEMENT

Compliance For Student Loans. (i) Track on an ongoing basis the aggregate Principal Balance of all Student Loans being acquired which that are not Consolidation Loans and verify that the aggregate Principal Balance of all Student Loans which that are not Consolidation Loans does not exceed the limit set forth in the applicable a Supplemental Indenture, which limit is currently $50,000,000; (ii) Track on an ongoing basis the aggregate Principal Balance of all Student Loans being acquired which that are not Consolidation Loans and verify that the aggregate Principal balance Balance of such Student Loans which are not Consolidation Loans “unsubsidized or subsidized Xxxxxxxx Loans” does not exceed the limit set forth in the applicable a Supplemental Indenture, which limit is currently $50,000,000; (iii) Verify, based upon information periodically provided by Servicers, that the Balance of Student Loans being acquired with “graduated repayment characteristics” (bearing interest only for the fast first one-third of the payment term) does not exceed the limit as set forth in the applicable a Supplemental Indenture, which limit is currently 80% of all Student Loans; (iv) Track on an ongoing basis the aggregate Principal Balance of all Consolidation Loans being acquired which have an interest rate of 5.0% or higher and verify that the Premium, Origination Fees and Borrower Benefits being paid for those Consolidation Loans does not exceed the limits set forth in the applicable Supplemental Indenture, which limits are currently 1.6%, 0.50% and 1.0%, respectively, of the aggregate Principal Balance of those Consolidation Loans and track on an ongoing basis the aggregate Principal Balance of all Consolidation Loans being acquired which have an interest rate of less than 5.0% and verify that the Premium and Origination Fees being paid for those Consolidation Loans does not exceed the limits set forth in the applicable Supplemental Indenture, which limits are currently 1.6% and 0.5%, respectively, of the aggregate Principal Balance of those Consolidation Loans; (v) Track on an ongoing basis and verify that not more than three percent (3% %) of the Financed Student Loans purchased which are Consolidation Loans have original principal balances at the time of purchase of less than fifteen thousand dollars ($15,000); provided, however, that any Consolidation Loan which was purchased with an original principal balance of less that than fifteen thousand dollars ($15,000 15,000) at the time of purchase, but for which a subsequent Add-On Loan has been made and the principal balance of the Add-On Loan, when added to the original principal balance of such Consolidation Loan at the time of purchase, shall cause the original principal balance of such Consolidation Loan to exceed fifteen thousand dollars ($15,000), shall be excluded from the computation of the three percent (3% %) limitation.; and (viv) Track on an ongoing basis the aggregate Principal Balance of all Student Loans with respect to which a “borrower benefit” is being offered to verify that the percentage of Student Loans offering a “borrower benefit” does not exceed the allowable limit as any limits set forth in a Supplemental Indenture, which limit is currently 40% of Indenture with respect to the Student Loans; and (vii) Track on an ongoing basis the aggregate Principal Balance of all Consolidation Loans being acquired which have an interest rate of 5.0% or greater to verify that the aggregate Principal Balance of those Consolidation loans does not exceed the limit as set forth in a Supplemental Indenture, which limit is currently 40% of the aggregate Principal Balance of all such Student Loans being acquiredare not exceeded.