Common use of Draw Mechanics Clause in Contracts

Draw Mechanics. (a)Not fewer than three (3) Business Days prior to the relevant Distribution Date (on the relevant Determination Date), in the case of a Draw described in Section 2.1, the Issuer, by action of the Indenture Trustee (following the assignment of this Agreement to the Indenture Trustee pursuant to Section 2.4 and until the Indenture terminates in accordance with its provisions), may deliver a written request (each such request, a “Draw Request”) for funds in the amount of the shortfall described in Section 2.1. Any such Draw Request shall be delivered in .pdf format by electronic mail to the following address: , Attention: Xxxxxxx Xxxxxx, Subject: National Collegiate Student Loan Trust 2006-3 Liquidity Note Draw Request, or to such alternative address as designated in writing to the Issuer and the Indenture Trustee by any Holder. Not later than 2:00 p.m. on the Business Day following delivery of any Draw Request, the Holder will fund the indicated draw by wire transfer of immediately available funds to the Collection Account.

Draw Mechanics. (a)Not fewer than three (3) Business Days prior to the relevant Distribution Date (on the relevant Determination Date), in the case of a Draw described in Section 2.1, the Issuer, by action of the Indenture Trustee (following the assignment of this Agreement to the Indenture Trustee pursuant to Section 2.4 and until the Indenture terminates in accordance with its provisions), may deliver a written request (each such request, a “Draw Request”) for funds in the amount of the shortfall described in Section 2.1. Any such Draw Request shall be delivered in .pdf format by electronic mail to the following address: , Attention: Xxxxxxx Xxxxxx, Subject: National Collegiate Student Loan Trust 2006-3 2006­3 Liquidity Note Draw Request, or to such alternative address as designated in writing to the Issuer and the Indenture Trustee by any Holder. Not later than 2:00 p.m. on the Business Day following delivery of any Draw Request, the Holder will fund the indicated draw by wire transfer of immediately available funds to the Collection Account.

Draw Mechanics. (a)Not a) Not fewer than three (3) Business Days prior to the relevant Distribution Date (on the relevant Determination Date), in the case of a Draw described in Section 2.1, the Issuer, by action of the Indenture Trustee (following the assignment of this Agreement to the Indenture Trustee pursuant to Section 2.4 and until the Indenture terminates in accordance with its provisions), may deliver a written request (each such request, a “Draw Request”) for funds in the amount of the shortfall described in Section 2.1. Any such Draw Request shall be delivered in .pdf format by electronic mail to the following address: XX-xxxxxxxxxxx@xxx.xxx, Attention: Xxxxxxx XxxxxxXxxx Xxxxxxxx, Subject: National Collegiate Student Loan Trust 2006-3 1 Revolving Liquidity Note Draw Request, or to such alternative address as designated in writing to the Issuer and the Indenture Trustee by any Holder. Not later than 2:00 p.m. on the Business Day following delivery of any Draw Request, the Holder will fund the indicated draw by wire transfer of immediately available funds to the Collection Account.