Common use of CONTINUING OBLIGATION OF SELLER Clause in Contracts

CONTINUING OBLIGATION OF SELLER. Seller agrees that during the term of this Agreement, it will (i) remain in good standing and qualified to do business under the laws of the United States of America and the jurisdictions in which it operates, (ii) conduct its business in accordance with all applicable state and federal laws, (iii) continue to be qualified to carry out this Agreement, and (iv) be an "eligible lender" under the Higher Education Act and continue to be approved by the Guarantee Agency.

Appears in 4 contracts

Samples: Loan Sale and Commitment Agreement (Union Financial Services I Inc), Loan Sale and Commitment Agreement (Union Financial Services I Inc), Loan Sale and Commitment Agreement (Union Financial Services I Inc)

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CONTINUING OBLIGATION OF SELLER. Seller agrees that during the term of this Agreement, it will (i) remain in good standing and qualified to do business under the laws of the United States State of America Nebraska and the jurisdictions in which it operates, (ii) conduct its business in accordance with all applicable state and federal laws, (iii) continue to be qualified to carry out this Agreement, and (iv) be an "eligible lender" under the Higher Education Act and continue to be approved by the Guarantee Agency.

Appears in 1 contract

Samples: Loan Sale and Commitment Agreement (Nelnet Inc)

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