Contribution of Existing SLM Holdco to Navient. Following the Equity Distribution and the SMI Preferred Stock Issuance and prior to the Effective Time, SLM BankCo shall contribute all of the Equity Interests of Existing SLM Holdco to Navient, such that Existing SLM Holdco becomes a wholly owned Subsidiary of Navient.
Appears in 4 contracts
Samples: Separation and Distribution Agreement, Separation and Distribution Agreement (Navient Corp), Separation and Distribution Agreement (SLM Corp)