Common use of CONTINUING OBLIGATION OF THE SELLER Clause in Contracts

CONTINUING OBLIGATION OF THE SELLER. Blue Ridge Funding shall provide all reasonable assistance necessary for Funding to resolve account problems raised by any Borrower, the Guarantor or the Secretary provided such account problems are attributable to or are alleged to be attributable to (a) an event occurring during the period Blue Ridge Funding or the Blue Ridge Funding Eligible Lender Trustee owned the related Purchased Loan, or (b) a payment made or alleged to have been made to Blue Ridge Funding. Further, Blue Ridge Funding and the Blue Ridge Funding Eligible Lender Trustee shall agree that either Blue Ridge Funding or the Blue Ridge Funding Eligible Lender Trustee shall reasonably cooperate in the preparation and filing of any financing statements at the request of Funding in order to reflect Funding’s interest in the Loans.

Appears in 13 contracts

Samples: Purchase Agreement (Navient Student Loan Trust 2014-8), Purchase Agreement (Navient Student Loan Trust 2014-7), Purchase Agreement (Navient Student Loan Trust 2014-6)

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