Common use of Conveyance of KBUSA Subsequent Student Loans and KBUSA Other Student Loans Clause in Contracts

Conveyance of KBUSA Subsequent Student Loans and KBUSA Other Student Loans. (a) Subject to the conditions set forth in paragraph (b) below, in consideration of the Purchaser's delivery on the related Subsequent Transfer Date to or upon the order of the Seller of the amount described in Section 5.08(a) of the Sale and Servicing Agreement to be delivered to the Depositor for further distribution to the Seller, the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser (and, with respect to legal title to each KBUSA Subsequent Student Loan and each KBUSA Other Student Loan, to the Depositor Eligible Lender Trustee,) without recourse (subject to the obligations herein) all right, title and interest of the Seller in and to each KBUSA Subsequent Student Loan and each KBUSA Other Student Loan, and all obligations of the Obligors thereunder including all moneys paid thereunder, and all written communications received by the Seller with respect thereto (including borrower correspondence, notices of death, disability or bankruptcy and requests for deferrals or forbearances), on and after the related Subsequent Cutoff Date, made from time to time until the Special Determination Date, with respect to the KBUSA Subsequent Student Loans, or during the Funding Period with respect to the KBUSA Other Student Loans, as applicable.

Conveyance of KBUSA Subsequent Student Loans and KBUSA Other Student Loans. (a) Subject to the conditions set forth in paragraph (b) below, in consideration of the Purchaser's ’s delivery on the related Subsequent Transfer Date to or upon the order of the Seller of the amount described in Section 5.08(a) of the Sale and Servicing Agreement to be delivered to the Depositor for further distribution to the Seller, the Seller does hereby sell, transfer, assign, set over and otherwise convey to the Purchaser (and, with respect to legal title to each KBUSA Subsequent Student Loan and each KBUSA Other Student Loan, to the Depositor Eligible Lender Trustee,) without recourse (subject to the obligations herein) all right, title and interest of the Seller in and to each KBUSA Subsequent Student Loan and each KBUSA Other Student Loan, and all obligations of the Obligors thereunder including all moneys paid thereunder, and all written communications received by the Seller with respect thereto (including borrower correspondence, notices of death, disability or bankruptcy and requests for deferrals or forbearances), on and after the related Subsequent Cutoff Date, made from time to time until the Special Determination Date, with respect to the KBUSA Subsequent Student Loans, or during the Funding Period with respect to the KBUSA Other Student Loans, as applicable.