Common use of Conveyance of KBUSA Additional Student Loans Clause in Contracts

Conveyance of KBUSA Additional Student Loans. In consideration of the Depositor's delivery to or upon the order of the Seller of $__________, the Seller does hereby sell, transfer, assign, set over and otherwise convey, without recourse (except as expressly provided in the KBUSA Student Loan Transfer Agreement ), to the Depositor Eligible Lender Trustee on behalf of the Purchaser: (a) all right, title and interest of the Seller in and to each KBUSA Additional Student Loan, and all moneys received thereon, on and after the related Subsequent Cutoff Date; and (b) the proceeds of any and all of the foregoing.

Conveyance of KBUSA Additional Student Loans. In consideration of the Depositor's ’s delivery to or upon the order of the Seller of $__________, the Seller does hereby sell, transfer, assign, set over and otherwise convey, without recourse (except as expressly provided in the KBUSA Student Loan Transfer Agreement ), to the Depositor Eligible Lender Trustee on behalf of the Purchaser: (a) all right, title and interest of the Seller in and to each KBUSA Additional Student Loan, and all moneys received thereon, on and after the related Subsequent Cutoff Date; and (b) the proceeds of any and all of the foregoing.