Contribution of Private Loan Servicing Business. Following the Merger Effective Time, Existing SLM Holdco shall cause SMI to contribute to Private ServiceCo all of the Private Loan Servicing Assets and Private Loan Servicing Liabilities, and Private ServiceCo shall accept such Private Servicing Loan Assets and assume such Private Loan Servicing Liabilities, as follows (the “Contribution”):
Appears in 5 contracts
Samples: Separation and Distribution Agreement, Separation and Distribution Agreement (Navient Corp), Separation and Distribution Agreement (SLM Corp)
