Common use of CONDITIONS PRECEDENT TO SALE AND PURCHASE OR SUBSTITUTION Clause in Contracts

CONDITIONS PRECEDENT TO SALE AND PURCHASE OR SUBSTITUTION. Any purchase or substitution of Loans pursuant to these Master Sale Terms is subject to the following conditions precedent being satisfied (and Navient CFC, Blue Ridge Funding and VL Funding, by accepting payment, shall be deemed to have certified that all such conditions are satisfied on the date of such purchase): (A) Activities Prior to a Sale or Substitution Following the execution of a Sale Agreement, the Seller shall provide any assistance requested by the Purchaser in determining that all required documentation on the related Loans is present and correct.

Appears in 7 contracts

Samples: Sale Agreement (Navient Student Loan Trust 2014-8), Sale Agreement (Navient Student Loan Trust 2014-3), Sale Agreement (Navient Student Loan Trust 2014-2)

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CONDITIONS PRECEDENT TO SALE AND PURCHASE OR SUBSTITUTION. Any purchase or substitution of Loans pursuant to these Master Sale Terms is subject to the following conditions precedent being satisfied (and Navient CFC, Blue Ridge Funding, Red Wolf Funding and VL Funding, by accepting payment, shall be deemed to have certified that all such conditions are satisfied on the date of such purchase): (A) Activities Prior to a Sale or Substitution Following the execution of a Sale Agreement, the Seller shall provide any assistance requested by the Purchaser in determining that all required documentation on the related Loans is present and correct.

Appears in 3 contracts

Samples: Sale Agreement (Navient Student Loan Trust 2015-3), Sale Agreement (Navient Student Loan Trust 2015-2), Sale Agreement (Navient Student Loan Trust 2015-1)

CONDITIONS PRECEDENT TO SALE AND PURCHASE OR SUBSTITUTION. Any purchase or substitution of Loans pursuant to these Master Sale Terms is subject to the following conditions precedent being satisfied (and Navient CFC, Blue Ridge Funding, SLM National Funding and VL Funding, by accepting payment, shall be deemed to have certified that all such conditions are satisfied on the date of such purchase): (A) Activities Prior to a Sale or Substitution Following the execution of a Sale Agreement, the Seller shall provide any assistance requested by the Purchaser in determining that all required documentation on the related Loans is present and correct.

Appears in 1 contract

Samples: Sale Agreement (Navient Student Loan Trust 2014-1)

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CONDITIONS PRECEDENT TO SALE AND PURCHASE OR SUBSTITUTION. Any purchase or substitution of Loans pursuant to these Master Sale Terms is subject to the following conditions precedent being satisfied (and Navient CFC, [Blue Ridge Funding and VL Funding, ,] by accepting payment, shall be deemed to have certified that all such conditions are satisfied on the date of such purchase): (A) Activities Prior to a Sale or Substitution Following the execution of a Sale Agreement, the Seller shall provide any assistance requested by the Purchaser in determining that all required documentation on the related Loans is present and correct.

Appears in 1 contract

Samples: Sale Agreement (Navient Funding, LLC)

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