Common use of Dispositive Provisions Clause in Contracts

Dispositive Provisions. The Eligible Lender Trustee shall pay to the Indenture Trustee, promptly upon receipt thereof, any and all income and payments (other than payments made by the Grantor) received by the Eligible Lender Trustee in connection with the Trust Estate, including without limitation the following payments to be received with respect to Trust Student Loans: scheduled payments of principal, interest, late fees and penalties by borrowers, prepayments of principal and interest by borrowers; all grants, subsidies, donations, Interest Subsidy Payments, and Special Allowance Payments, and all default and other claim payments made by any Guarantor.

Appears in 32 contracts

Sources: Eligible Lender Trust Agreement (SLC Student Loan Trust 2010-1), Eligible Lender Trust Agreement (SLC Student Loan Trust 2010-1), Eligible Lender Trust Agreement (SLC Student Loan Receivables I Inc)

Dispositive Provisions. The Eligible Lender Trustee shall pay to the Indenture Trustee, promptly upon receipt thereof, any and all income and payments (other than payments made by the Grantor) received by the Eligible Lender Trustee in connection with the Trust Estate, including without limitation the following payments to be received with respect to Trust Student Loans: scheduled payments of principal, interest, late fees and penalties by borrowers, prepayments of principal and interest by borrowers; all grants, subsidies, donations, Interest Subsidy Payments, and Special Allowance Payments, and all default and other claim payments made by any Guarantor.

Appears in 6 contracts

Sources: Eligible Lender Trust Agreement (SLC Student Loan Receivables I Inc), Eligible Lender Trust Agreement (SLC Student Loan Receivables I Inc), Eligible Lender Trust Agreement (SLC Student Loan Receivables I Inc)

Dispositive Provisions. The Interim Eligible Lender Trustee shall pay to the Indenture Trustee, promptly upon receipt thereof, any and all income and payments (other than payments made by the Grantor) received by the Interim Eligible Lender Trustee in connection with the Trust Estate, including without limitation the following payments to be received with respect to Trust Student Loans: scheduled payments of principal, interest, late fees and penalties by borrowers, prepayments of principal and interest by borrowers; all grants, subsidies, donations, Interest Subsidy Payments, and Special Allowance Payments, and all default and other claim payments made by any Guarantor.

Appears in 1 contract

Sources: Eligible Lender Trust Agreement (Wells Fargo Student Loans Receivables I LLC)

Dispositive Provisions. The Eligible Lender Trustee shall pay to the Indenture Trustee, promptly upon receipt thereof, any and all income and payments (other than payments made by the Grantor) received by the Eligible Lender Trustee in connection with the Trust Estate, including without limitation the following payments to be received with respect to Trust Student Loans: scheduled payments of principal, interest, late fees and penalties by borrowers, prepayments of principal and interest by borrowers; all grants, subsidies, donations, -3- Interest Subsidy Payments, and Special Allowance Payments, and all default and other claim payments made by any Guarantor.

Appears in 1 contract

Sources: Eligible Lender Trust Agreement (SLC Student Loan Trust 2006-2)