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 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, 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.
Appears in 3 contracts
Samples: Administration Agreement (SLM Funding LLC), Administration Agreement (SLM Funding LLC), Administration Agreement (SLM Funding LLC)
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 applicable Accrual Period, calculations 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 DocumentsRelated 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. 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 (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.
Appears in 3 contracts
Samples: Administration Agreement (Key Bank Usa National Association), Administration Agreement (Key Bank Usa National Association), Mellon Bank N A
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 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, 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 Documents. 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 Documents) 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.
Appears in 3 contracts
Samples: Administration Agreement (SLC Student Loan Trust 2005-1), Administration Agreement (SLC Student Loan Trust 2004-1), 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, including calculating on each LIBOR Interest Rate Determination Date for each class of Notes, the applicable rate of interest for using the applicable Accrual PeriodIndex 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, 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.
Appears in 2 contracts
Samples: Master Administration Agreement (SLM Funding LLC), Master Administration Agreement (SLM Funding LLC)
Duties with Respect to the Issuer. (aA) 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 applicable Accrual Period, calculations 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, the Eligible Lender Trustee or the Administrator Issuer to prepare, file or deliver pursuant to the Basic Documentsfederal and state securities and tax laws, 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 Issuer shall, 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 B hereto, appointing the Administrator the attorney-in-fact of the Issuer for the purpose of executing on behalf of the Issuer all such documents, reports, filings, instruments, certificates and opinions. Subject to Section 8.1 below, and in accordance with the directions of the Eligible Lender Trustee9 hereof, 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 Issuer and are reasonably within the capability of the Administrator.
Appears in 2 contracts
Samples: Administration Agreement (Pheaa Student Loan Trust I), Administration Agreement (Pheaa Student Loan Foundation Inc)
Duties with Respect to the Issuer. (a) In i)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 calculations (and in such capacity is hereby appointed the applicable rate of interest “Calculation Agent” for the applicable Accrual Period, Issuer) 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 DocumentsRelated 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. 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 (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.
Appears in 1 contract
Samples: Administration Agreement (Keycorp Student Loan Trust 2004-A)
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 calculations (and in such capacity is hereby appointed the applicable rate of interest “Calculation Agent” for the applicable Accrual Period, Issuer) 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 DocumentsRelated 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. 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 (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.
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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 Documentsforegoing, the Administrator shall perform such calculations, including calculating on each LIBOR Determination Date the applicable rate of interest for the applicable Accrual Period, calculations 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 Trust Agreement or any of the other Basic Documents, 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 Trust Agreement or any of the other Basic Documents. Subject to Section 8.1 below9.9 of these Standard Terms, 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 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.
Appears in 1 contract
Samples: Transfer and Servicing Agreement (Crestar Securitization 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 Date, the applicable rate of interest 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, 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.
Appears in 1 contract
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 applicable Accrual Period, calculations 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, the Eligible Lender Trustee or the Administrator Issuer to prepare, file or deliver pursuant to the Basic Documentsfederal and state securities and tax laws, 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 Issuer shall, 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 Issuer for the purpose of executing on behalf of the Issuer all such documents, reports, filings, instruments, certificates and opinions. Subject to Section 8.1 below, and in accordance with the directions of the Eligible Lender Trustee9 hereof, 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 Issuer and are reasonably within the capability of the Administrator.
Appears in 1 contract
Samples: Execution Copy (SLC Student Loan Asset Backed Notes Series 2002-1)
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, including calculating on each LIBOR Determination Date the applicable rate of interest 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 and execute on behalf of the Issuer 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 DocumentsDocuments including any Subsequent Bills of Sale and 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.
Appears in 1 contract
Samples: Administration Agreement (Wachovia Student Loan Trust 2005-1)
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, including calculating on each LIBOR Determination Date Date, the applicable rate of interest 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, 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.
Appears in 1 contract
Duties with Respect to the Issuer. (a) In i)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 calculations (and in such capacity is hereby appointed the applicable rate of interest "Calculation Agent" for the applicable Accrual Period, Issuer) 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 DocumentsRelated 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. 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 (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.
Appears in 1 contract