Common use of Duties with Respect to the Issuer Clause in Contracts

Duties with Respect to the Issuer. (a) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform such calculations (including calculating on each LIBOR Determination Date the applicable rate of interest for the related class of Notes (if applicable) for the applicable Accrual Period) and shall prepare for execution by the Issuer or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, opinions and notices as it shall be the duty of the Issuer, the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase Agreements, and at the request of the Eligible Lender Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic Documents. Subject to Section 8.1 below, and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 21 contracts

Samples: Administration Agreement (Navient Student Loan Trust 2014-1), Administration Agreement (SLM Student Loan Trust 2014-2), Administration Agreement (SLM Student Loan Trust 2014-1)

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Duties with Respect to the Issuer. (a) In addition The Administrator agrees to perform all its duties as Administrator and, except as specifically excluded herein, agrees to perform all the duties of the Administrator set forth above Issuer and in the other Owner Trustee under the Issuer Basic Documents. In addition, the Administrator shall perform such calculations (including calculating on each LIBOR Determination Date consult with the applicable rate Owner Trustee regarding the duties of interest for the related class Issuer or the Owner Trustee under the Issuer Basic Documents. The Administrator shall monitor the performance of Notes (if applicable) for the applicable Accrual Period) Issuer and shall advise the Owner Trustee when action is necessary to comply with the respective duties of the Issuer and the Owner Trustee under the Issuer Basic Documents. The Administrator shall prepare for execution by the Issuer or the Eligible Lender Trustee Issuer, or shall cause the preparation by other appropriate Persons of persons of, all such documents, reports, notices, filings, instruments, certificates, certificates and opinions and notices as that it shall be the duty of the Issuer, the Eligible Lender Trustee Issuer or the Administrator Owner Trustee to prepare, file or deliver pursuant to the Issuer Basic Documents including any additional Bills of Sale and Additional Purchase AgreementsDocuments. In addition, and at the request of the Eligible Lender Trustee Administrator shall take or cause the Issuer to take all appropriate action that it is the duty of the Issuer to take pursuant to the Sale and Servicing Agreement and the other Issuer Basic Documents. Subject to , except (i) any such duties that constitute Non-Ministerial Matters (as such term is defined in Section 8.1 below2(c)), and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documentsii) as are not covered by any of the foregoing provisions and as duties that are expressly requested identified to be performed by the Eligible Lender Owner Trustee and are reasonably within the capability of the Administrator. The Administrator, or another Person on behalf of the Issuer, (iii) duties constituting payment obligations of the Issuer, including duties under Article Five of the Sale and Servicing Agreement and (iv) duties under Section 3.01 of the Indenture. In furtherance of the foregoing, the Administrator shall calculate and pay any rebates properly payable take all appropriate action that the Issuer or the Owner Trustee is required to take pursuant to the Department.Indenture, including such of the foregoing as are required with respect to the following matters under the Indenture (parenthetical section references are to Sections of the Indenture unless otherwise specified):

Appears in 11 contracts

Samples: California Republic (California Republic Funding LLC), Administration Agreement (California Republic Auto Receivables Trust 2018-1), Administration Agreement (California Republic Auto Receivables Trust 2018-1)

Duties with Respect to the Issuer. (a) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform such calculations (calculations, including calculating on each LIBOR Determination Date the applicable rate of interest for the related class of Notes (if applicable) for the applicable Accrual Period) , and shall prepare for execution by the Issuer or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, opinions and notices as it shall be the duty of the Issuer, the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase Agreements, and at the request of the Eligible Lender Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic Documents. Subject to Section 8.1 below, and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 10 contracts

Samples: Administration Agreement (SLM Funding LLC), Administration Agreement (SLM Student Loan Trust 2005-3), Administration Agreement (SLM Student Loan Trust 2006-6)

Duties with Respect to the Issuer. (a) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform such calculations (calculations, including calculating on each LIBOR Determination Date the applicable rate of interest for the related class of Notes (if applicable) for the applicable Accrual Period) , and shall prepare for execution by the Issuer or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, opinions and notices as it shall be the duty of the Issuer, the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase Agreements, and at the request of the Eligible Lender Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic Documents. Subject to Section 8.1 below, and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 9 contracts

Samples: Administration Agreement (SLM Funding LLC), Administration Agreement (SLM Student Loan Trust 2006-10), Administration Agreement (SLM Student Loan Trust 2007-2)

Duties with Respect to the Issuer. (ai) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform such calculations (including calculating on each LIBOR Determination Date the applicable rate of interest for the related class of Notes (if applicable) for the applicable Accrual Period) and shall prepare for execution by the Issuer or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, certificates and opinions and notices as it shall be the duty of the Issuer, Issuer or the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase AgreementsDocuments, and at the request of the Eligible Lender Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic Documents. In furtherance thereof, the Eligible Lender Trustee shall, on behalf of itself and of the Issuer, execute and deliver to the Administrator and to each successor Administrator appointed pursuant to the terms hereof, one or more powers of attorney substantially in the form of Exhibit A hereto, appointing the Administrator the attorney-in-fact of the Eligible Lender Trustee and the Issuer for the purpose of executing on behalf of the Eligible Lender Trustee and the Issuer all such documents, reports, filings, instruments, certificates and opinions. Subject to Section 8.1 below9 of this Agreement, and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 8 contracts

Samples: Administration Agreement (Gs Mortgage Securities Corp), Administration Agreement (Wells Fargo Student Loans Receivables I LLC), Administration Agreement (Usa Group Secondary Market Services Inc)

Duties with Respect to the Issuer. (a) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform such calculations (calculations, including calculating on each LIBOR Interest Rate Determination Date for the Reset Rate Notes, the applicable rate of interest for the related class of Notes (if applicable) for using the applicable Accrual Period) Index that will be in effect until the next related Interest Rate Change Date, and shall prepare for execution by the Issuer or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, certificates and opinions and notices as it shall be the duty of the Issuer, Issuer or the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase AgreementsDocuments, and at the request of the Eligible Lender Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic Documents. Subject to Section 8.1 below, and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 5 contracts

Samples: Administration Agreement (SLM Funding LLC), Administration Agreement (SLM Funding LLC), Administration Agreement (SLM Funding LLC)

Duties with Respect to the Issuer. (a) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform such calculations (calculations, including calculating on each LIBOR Determination Date the applicable rate of interest for the related class of Notes (if applicable) for the applicable Accrual Period) , and shall prepare for execution by the Issuer or the Eligible Lender Owner Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, opinions and notices as it shall be the duty of the Issuer, the Eligible Lender Owner Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase Agreementsthe Eligible Lender Trust Agreement (Issuer), and at the request of the Eligible Lender Owner Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic DocumentsDocuments and the Eligible Lender Trust Agreement (Issuer). Subject to Section 8.1 below, and in accordance with the directions of the Eligible Lender Owner Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic DocumentsDocument and the Eligible Lender Trust Agreement (Issuer)) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Owner Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 5 contracts

Samples: Administration Agreement (SLC Student Loan Trust 2006-1), Administration Agreement (SLC Student Loan Trust 2005-3), Administration Agreement (SLC Student Loan Receivables I Inc)

Duties with Respect to the Issuer. (ai) In addition to the duties of the Administrator set forth above and in the other Basic DocumentsRelated Agreements, the Administrator shall perform such calculations (including calculating on each LIBOR Determination Date the applicable rate of interest for the related class of Notes (if applicable) for the applicable Accrual Period) and shall prepare for execution by the Issuer or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, certificates and opinions and notices as it shall be the duty of the Issuer, Issuer or the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase Related Agreements, and at the request of the Eligible Lender Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic DocumentsRelated Agreements. In furtherance thereof, the Eligible Lender Trustee shall, on behalf of itself and of the Issuer, execute and deliver to the Administrator and to each successor Administrator appointed pursuant to the terms hereof, one or more powers of attorney substantially in the form of Exhibit A hereto, appointing the Administrator the attorney-in-fact of the Eligible Lender Trustee and the Issuer for the purpose of executing on behalf of the Eligible Lender Trustee and the Issuer all such documents, reports, filings, instruments, certificates and opinions. Subject to Section 8.1 below9 of this Agreement, and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic DocumentsRelated Agreements) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 4 contracts

Samples: Administration Agreement (Usa Group Secondary Market Services Inc), Administration Agreement (Signet Student Loan Trusts), Administration Agreement (Usa Group Secondary Market Services Inc)

Duties with Respect to the Issuer. (ai) In addition to the duties of the Administrator set forth above and those provided in the other Basic DocumentsRelated Agreements and the Trust Agreement which the Administrator agrees herein to perform, the Administrator shall perform such calculations (including calculating on each LIBOR Determination Date the applicable rate of interest for the related class of Notes (if applicable) for the applicable Accrual Period) and shall prepare for execution by the Issuer or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, certificates and opinions and notices as it shall be the duty of the Issuer, Issuer or the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Related Agreements, the Trust Agreement or any of the other Basic Documents including any additional Bills of Sale and Additional Purchase AgreementsDocuments, and at the request of the Eligible Lender Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Related Agreements, the Trust Agreement or any of the other Basic Documents. Subject to Section 8.1 below5 of this Agreement, and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral Trust Estate (including the Related Agreements and other Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 4 contracts

Samples: Administration Agreement (Crestar Bank /Va), Sale and Servicing Agreement (Transworld Insurance Co), Administration Agreement (PNC Bank National Association/)

Duties with Respect to the Issuer. (a) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform such calculations (including calculating on each LIBOR Determination Date the applicable rate of interest for the related class of Notes (if applicable) for the applicable Accrual Period) and shall prepare for execution by the Issuer or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, opinions and notices as it shall be the duty of the Issuer, the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase Agreements, and at the request of the Eligible Lender Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic Documents. Subject to Section 8.1 below, and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 3 contracts

Samples: Administration Agreement (SLM Student Loan Trust 2011-2), Administration Agreement (SLM Student Loan Trust 2011-1), Administration Agreement (SLM Student Loan Trust 2010-2)

Duties with Respect to the Issuer. (a) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform such calculations (including calculating on each LIBOR Determination Date the applicable rate of interest for the related class of Notes (if applicable) for the applicable Accrual Period) and shall prepare for execution by the Issuer Issuer, the Owner Trustee or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reportsreports (including the reporting of the amount of original issue discount, if any, to the Indenture Trustee), filings, instruments, certificates, opinions and notices as it shall be the duty of the Issuer, the Owner Trustee, the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase Agreements, and at the request of the Issuer or the Eligible Lender Trustee Trustee, as applicable, shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic Documents. Subject to Section 8.1 below, and in accordance with the directions of the Issuer or the Eligible Lender Trustee, as applicable, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Issuer or the Eligible Lender Trustee Trustee, as applicable, and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 3 contracts

Samples: Administration Agreement (Navient Student Loan Trust 2015-3), Administration Agreement (Navient Student Loan Trust 2015-2), Administration Agreement (Navient Student Loan Trust 2015-1)

Duties with Respect to the Issuer. (a) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform the duties and obligations of the Issuer under the Basic Documents and the Administrator shall perform such calculations (calculations, including calculating on each LIBOR Determination Date Date, the applicable rate of interest for the related class of Notes (if applicable) for the applicable Accrual Period) , and shall prepare for execution by the Issuer or the Eligible Lender Owner Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, opinions and notices as it shall be the duty of the Issuer, the Eligible Lender Owner Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase Agreementsthe Eligible Lender Trust Agreement (Issuer), and at the request of the Eligible Lender Owner Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic DocumentsDocuments and the Eligible Lender Trust Agreement (Issuer). Subject to Section 8.1 below8.1, and in accordance with the directions of the Eligible Lender Owner Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic DocumentsDocuments and the Eligible Lender Trust Agreement (Issuer)) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Owner Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 3 contracts

Samples: Administration Agreement (SLC Student Loan Trust 2009-3), Administration Agreement (SLC Student Loan Trust 2008-2), Administration Agreement (SLC Student Loan Trust 2009-2)

Duties with Respect to the Issuer. (a) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform such calculations (calculations, including calculating on each LIBOR Determination Date the applicable rate of interest for the related class of Notes (if applicable) applicable Accrual Period and on each Interest Rate Determination Date for the Reset Rate Notes, if the Reset Rate Notes then bear a floating rate of interest, the applicable Accrual Period) rate of interest using the applicable Index that will be in effect until the next related Interest Rate Change Date, and shall prepare for execution by the Issuer or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, opinions and notices as it shall be the duty of the Issuer, the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase Agreements, and at the request of the Eligible Lender Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic Documents. Subject to Section 8.1 below, and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 3 contracts

Samples: Administration Agreement (SLM Student Loan Trust 2005-8), Administration Agreement (SLM Student Loan Trust 2005-5), Administration Agreement (SLM Student Loan Trust 2005-6)

Duties with Respect to the Issuer. (a) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform such calculations (calculations, including calculating on each LIBOR Interest Rate Determination Date for each class of Reset Rate Notes then bearing a floating rate of interest, the applicable rate of interest for the related class of Notes (if applicable) for using the applicable Accrual Period) Index that will be in effect until the next related Interest Rate Change Date, and shall prepare for execution by the Issuer or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, certificates and opinions and notices as it shall be the duty of the Issuer, Issuer or the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase AgreementsDocuments, and at the request of the Eligible Lender Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic Documents. Subject to Section 8.1 below, and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 2 contracts

Samples: Administration Agreement (SLM Funding LLC), Administration Agreement (SLM Funding LLC)

Duties with Respect to the Issuer. (a) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform the duties and obligations of the Issuer under the Basic Documents and the Administrator shall perform such calculations (calculations, including calculating on each LIBOR Determination Date the applicable rate of interest for the related class of Notes (if applicable) for the applicable Accrual Period) , and shall prepare for execution by the Issuer or the Eligible Lender Owner Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, opinions and notices as it shall be the duty of the Issuer, the Eligible Lender Owner Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase Agreementsthe Eligible Lender Trust Agreement (Issuer), and at the request of the Eligible Lender Owner Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic DocumentsDocuments and the Eligible Lender Trust Agreement (Issuer). Subject to Section 8.1 below8.1, and in accordance with the directions of the Eligible Lender Owner Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic DocumentsDocuments and the Eligible Lender Trust Agreement (Issuer)) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Owner Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 2 contracts

Samples: Administration Agreement (SLC Student Loan Trust 2007-1), Administration Agreement (SLC Student Loan Trust 2007-2)

Duties with Respect to the Issuer. (a) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform such calculations (calculations, including calculating on each LIBOR Determination Date the applicable rate of interest for the related class of Notes (if applicable) for the applicable Accrual Period) , and shall prepare for execution by the Issuer or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, opinions and notices as it shall be the duty of the Issuer, the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase Agreements, and at the request of the Eligible Lender Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic Documents. Subject to Section 8.1 below, and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 2 contracts

Samples: Administration Agreement (SLM Education Credit Funding LLC), Administration Agreement (SLM Funding LLC)

Duties with Respect to the Issuer. (a) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform such calculations (calculations, including calculating on each LIBOR Interest Rate Determination Date for each class of Reset Rate Notes then bearing a floating rate of interest, the applicable rate of interest for the related class of Notes (if applicable) for using the applicable Accrual Period) Index that will be in effect until the next related Interest Rate Change Date, and shall prepare for execution by the Issuer or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, opinions and notices as it shall be the duty of the Issuer, the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase AgreementsDocuments, and at the request of the Eligible Lender Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic Documents. Subject to Section 8.1 below, and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 2 contracts

Samples: Administration Agreement (SLM Funding LLC), Administration Agreement (SLM Funding LLC)

Duties with Respect to the Issuer. (a) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform such calculations (calculations, including calculating on each LIBOR Determination Date the applicable rate of interest for the related class of Notes (if applicable) for the applicable Accrual Period) , and shall prepare for execution by the Issuer or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, opinions and notices as it shall be the duty of the Issuer, the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase Agreements, and at the request of the Eligible Lender Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic Documents. Subject to Section 8.1 below, and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.. Administration Agreement

Appears in 1 contract

Samples: Administration Agreement (SLM Student Loan Trust 2008-8)

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Duties with Respect to the Issuer. (ai) In addition to the duties --------------------------------- of the Administrator set forth above and in the other Basic DocumentsRelated Agreements, the Administrator shall perform such calculations (including calculating on each LIBOR Determination Date the applicable rate of interest for the related class of Notes (if applicable) for the applicable Accrual Period) and shall prepare for execution by the Issuer or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, certificates and opinions and notices as it shall be the duty of the Issuer, Issuer or the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase Related Agreements, and at the request of the Eligible Lender Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic DocumentsRelated Agreements. In furtherance thereof, the Eligible Lender Trustee shall, on behalf of itself and of the Issuer, execute and deliver to the Administrator and to each successor Administrator appointed pursuant to the terms hereof, one or more powers of attorney substantially in the form of Exhibit A hereto, appointing the Administrator the attorney-in-fact of the Eligible Lender Trustee and the Issuer for the purpose of executing on behalf of the Eligible Lender Trustee and the Issuer all such documents, reports, filings, instruments, certificates and opinions. Subject to Section 8.1 below9 of this Agreement, and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic DocumentsRelated Agreements) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 1 contract

Samples: Administration Agreement (Signet Bank Maryland)

Duties with Respect to the Issuer. (ai) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform such calculations (including calculating on each LIBOR Determination Date the applicable rate of interest for the related class of Notes (if applicable) for the applicable Accrual Period) and shall prepare for execution by the Issuer or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, certificates and opinions and notices as it shall be the duty of the Issuer, Issuer or the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase AgreementsDocuments, and at the [request of the Eligible Lender Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic Documents.] In furtherance thereof, the Eligible Lender Trustee shall, on behalf of itself and of the Issuer, execute and deliver to the Administrator and to each successor Administrator appointed pursuant to the terms hereof, one or more powers of attorney substantially in the form of Exhibit A hereto, appointing the Administrator the attorney-in-fact of the Eligible Lender Trustee and the Issuer for the purpose of executing on behalf of the Eligible Lender Trustee and the Issuer all such documents, reports, filings, instruments, certificates and opinions. Subject to Section 8.1 below9 of this Agreement, and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Trustee or the Issuer and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 1 contract

Samples: Administration Agreement (SLC Student Loan Receivables I Inc)

Duties with Respect to the Issuer. (a) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform such calculations (calculations, including calculating on each LIBOR Determination Date the applicable rate of interest for the related applicable Accrual Period and on each Interest Rate Determination Date for each class of Reset Rate Notes (if applicable) for then bearing a floating rate of interest, the applicable Accrual Period) rate of interest using the applicable Index that will be in effect until the next related Interest Rate Change Date, and shall prepare for execution by the Issuer or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, opinions and notices as it shall be the duty of the Issuer, the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase Agreements, and at the request of the Eligible Lender Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic Documents. Subject to Section 8.1 below, and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 1 contract

Samples: Administration Agreement (SLM Student Loan Trust 2005-7)

Duties with Respect to the Issuer. (a) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform such calculations (calculations, including calculating on each LIBOR Determination Date the applicable rate of interest for the related class of Notes (if applicable) for the applicable Accrual Period) , and shall prepare for execution by the Issuer or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, opinions and notices as it shall be the duty of the Issuer, the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Subsequent Bills of Sale and Additional Purchase Subsequent Contribution Agreements, and at the request of the Eligible Lender Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic Documents. Subject to Section 8.1 below, and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 1 contract

Samples: Administration Agreement (Wachovia Education Loan Funding LLC)

Duties with Respect to the Issuer. (a) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform such calculations (including calculating on each LIBOR Determination Date the applicable rate of interest for the related class of Notes (if applicable) for the applicable Accrual Period) and shall prepare for execution by the Issuer or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reportsreports (including the reporting of the amount of original issue discount, if any, to the Indenture Trustee), filings, instruments, certificates, opinions and notices as it shall be the duty of the Issuer, the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase Agreements, and at the request of the Eligible Lender Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic Documents. Subject to Section 8.1 below, and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 1 contract

Samples: Administration Agreement (Navient Student Loan Trust 2014-8)

Duties with Respect to the Issuer. (a) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform such calculations (including calculating on each LIBOR Determination Date the applicable rate of interest for the related class of Notes (if applicable) for the applicable Accrual Period) and shall prepare for execution by the Issuer Issuer, the Owner Trustee or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reportsreports (including the reporting of the amount of original issue discount, if any, to the Indenture Trustee), filings, instruments, certificates, opinions and notices as it shall be the duty of the Issuer, the Owner Trustee, the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase Agreements, and at the request of the Issuer or the Eligible Lender Trustee Trustee, as applicable, shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic Documents. Subject to Section 8.1 below, and in accordance with the directions of the Issuer or the Eligible Lender Trustee, as applicable, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Issuer or the Eligible Lender Trustee Trustee, as applicable, and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department. In addition, the Administrator shall perform all the actions that the Owner Trustee is authorized and directed to undertake on behalf of the Issuer under the Basic Documents (including without limitation those actions specifically set forth in Section 6.1 of the Trust Agreement).

Appears in 1 contract

Samples: Administration Agreement (Navient Funding, LLC)

Duties with Respect to the Issuer. (a) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform such calculations (calculations, including calculating on each LIBOR Interest Rate Determination Date for each class of Reset Rate Notes, the applicable rate of interest for the related class of Notes (if applicable) for using the applicable Accrual Period) Index that will be in effect until the next related Interest Rate Change Date, and shall prepare for execution by the Issuer or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, certificates and opinions and notices as it shall be the duty of the Issuer, Issuer or the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase AgreementsDocuments, and at the request of the Eligible Lender Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic Documents. Subject to Section 8.1 below, and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 1 contract

Samples: Administration Agreement (SLM Funding LLC)

Duties with Respect to the Issuer. (a) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform such calculations (calculations, including calculating on each LIBOR Determination Date the applicable rate of interest for the related class of Notes (if applicable) for the applicable Accrual Period) , and shall Administration Agreement prepare for execution by the Issuer or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, opinions and notices as it shall be the duty of the Issuer, the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase Agreements, and at the request of the Eligible Lender Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic Documents. Subject to Section 8.1 below, and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 1 contract

Samples: Administration Agreement (SLM Student Loan Trust 2007-5)

Duties with Respect to the Issuer. (a) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform such calculations (calculations, including calculating on each LIBOR Interest Rate Determination Date for the Reset Rate Notes, the applicable rate of interest for the related class of Notes (if applicable) for using the applicable Accrual Period) Index that will be in effect until the next related Interest Rate Change Date, and shall prepare for execution by the Issuer or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, opinions and notices as it shall be the duty of the Issuer, the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase AgreementsDocuments, and at the request of the Eligible Lender Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic Documents. Subject to Section 8.1 below, and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 1 contract

Samples: Administration Agreement (SLM Funding LLC)

Duties with Respect to the Issuer. (a) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform such calculations (calculations, including calculating Administration Agreement on each LIBOR Determination Date the applicable rate of interest for the related class of Notes (if applicable) for the applicable Accrual Period) , and shall prepare for execution by the Issuer or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, opinions and notices as it shall be the duty of the Issuer, the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase Agreements, and at the request of the Eligible Lender Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic Documents. Subject to Section 8.1 below, and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 1 contract

Samples: Administration Agreement (SLM Student Loan Trust 2006-2)

Duties with Respect to the Issuer. (a) In addition to the duties of the Administrator set forth above and in the other Basic Documents, the Administrator shall perform such calculations (calculations, including calculating on each LIBOR Determination Date the applicable rate of interest for the related class of Notes (if applicable) for the applicable Accrual Period) , and shall prepare for execution by the Issuer or the Eligible Lender Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, opinions and notices as it shall be the duty of the Issuer, the Eligible Lender Trustee or the Administrator to prepare, file or deliver pursuant to the Basic Documents including any additional Bills of Sale and Additional Purchase Agreements, and at the request of the Eligible Lender Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to the Basic Documents. Subject to Section 8.1 below, and in accordance with the directions of the Eligible Lender Trustee, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Administration Agreement Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Eligible Lender Trustee and are reasonably within the capability of the Administrator. The Administrator, on behalf of the Issuer, shall calculate and pay any rebates properly payable to the Department.

Appears in 1 contract

Samples: Administration Agreement (SLM Student Loan Trust 2006-1)

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