Common use of Effective Period and Termination Clause in Contracts

Effective Period and Termination. Xxxxxx Mae, Inc.’s appointment as custodian shall become effective as of the Closing Date and shall continue in full force and effect for so long as Xxxxxx Xxx, Inc. shall remain the Servicer hereunder. If Xxxxxx Mae, Inc. or any successor Servicer shall resign as Servicer in accordance with the provisions of this Agreement or if all the rights and obligations of Xxxxxx Xxx, Inc. or any such successor Servicer shall have been terminated under Section 5.1, the appointment of Xxxxxx Mae, Inc. or such successor Servicer as custodian shall be terminated simultaneously with the effectiveness of such resignation or termination. On or prior to the effective date of any resignation or termination of such appointment, the Servicer shall deliver the Trust Student Loan Files to the successor Servicer, the Indenture Trustee or the Indenture Trustee’s agent, at the direction of the Indenture Trustee, at such place or places as the Indenture Trustee may reasonably designate. In establishing an effective date for the termination of the Servicer as custodian of the Trust Student Loan Files, the parties shall provide for a reasonable period for the Servicer to deliver the Trust Student Loan Files to its designated successor.

Effective Period and Termination. Xxxxxx Sxxxxx Mae, Inc.’s appointment as custodian shall become effective as of the Closing Date and shall continue in full force and effect for so long as Xxxxxx XxxSxxxxx Mxx, Inc. shall remain the Servicer hereunder. If Xxxxxx Sxxxxx Mae, Inc. or any successor Servicer shall resign as Servicer in accordance with the provisions of this Agreement or if all the rights and obligations of Xxxxxx XxxSxxxxx Mxx, Inc. or any such successor Servicer shall have been terminated under Section 5.1, the appointment of Xxxxxx Sxxxxx Mae, Inc. or such successor Servicer as custodian shall be terminated simultaneously with the effectiveness of such resignation or termination. On or prior to the effective date of any resignation or termination of such appointment, the Servicer shall deliver the Trust Student Loan Files to the successor Servicer, the Indenture Trustee or the Indenture Trustee’s agent, at the direction of the Indenture Trustee, at such place or places as the Indenture Trustee may reasonably designate. In establishing an effective date for the termination of the Servicer as custodian of the Trust Student Loan Files, the parties shall provide for a reasonable period for the Servicer to deliver the Trust Student Loan Files to its designated successor.

Effective Period and Termination. Xxxxxx MaeNavient Solutions, Inc.’s appointment as custodian shall become effective as of the Closing Date and shall continue in full force and effect for so long as Xxxxxx XxxNavient Solutions, Inc. shall remain the Servicer hereunder. If Xxxxxx MaeNavient Solutions, Inc. or any successor Servicer shall resign as Servicer in accordance with the provisions of this Agreement or if all the rights and obligations of Xxxxxx XxxNavient Solutions, Inc. or any such successor Servicer shall have been terminated under Section 5.1, the appointment of Xxxxxx MaeNavient Solutions, Inc. or such successor Servicer as custodian shall be terminated simultaneously with the effectiveness of such resignation or termination. On or prior to the effective date of any resignation or termination of such appointment, the Servicer shall deliver the Trust Student Loan Files to the successor Servicer, the Indenture Trustee or the Indenture Trustee’s agent, at the direction of the Indenture Trustee, at such place or places as the Indenture Trustee may reasonably designate. In establishing an effective date for the termination of the Servicer as custodian of the Trust Student Loan Files, the parties shall provide for a reasonable period for the Servicer to deliver the Trust Student Loan Files to its designated successor.

Effective Period and Termination. Xxxxxx Mae, Inc.’s Xxx Servicing Corporation's appointment as custodian shall become effective as of the Closing Date and shall continue in full force and effect for so long as Xxxxxx Xxx, Inc. Mae Servicing Corporation shall remain the Servicer hereunder. If Xxxxxx Mae, Inc. Xxx Servicing Corporation or any successor Servicer shall resign as Servicer in accordance with the provisions of this Agreement or if all the rights and obligations of Xxxxxx Xxx, Inc. Mae Servicing Corporation or any such successor Servicer shall have been terminated under Section 5.1, the appointment of Xxxxxx Mae, Inc. Xxx Servicing Corporation or such successor Servicer as custodian shall be terminated simultaneously with the effectiveness of such resignation or termination. On or prior to the effective date of any resignation or termination of such appointment, the Servicer shall deliver the Trust Student Loan Files to the successor Servicer, the Indenture Trustee or the Indenture Trustee’s 's agent, at the direction of the Indenture Trustee, at such place or places as the Indenture Trustee may reasonably designate. In establishing an effective date for the termination of the Servicer as custodian of the Trust Student Loan Files, the parties shall provide for a reasonable period for the Servicer to deliver the Trust Student Loan Files to its designated successor.

Effective Period and Termination. Xxxxxx Mae, Inc.’s 's appointment as custodian shall become effective as of the Closing Date and shall continue in full force and effect for so long as Xxxxxx Xxx, Inc. shall remain the Servicer hereunder. If Xxxxxx Mae, Inc. or any successor Servicer shall resign as Servicer in accordance with the provisions of this Agreement or if all the rights and obligations of Xxxxxx Xxx, Inc. or any such successor Servicer shall have been terminated under Section 5.1, the appointment of Xxxxxx Mae, Inc. or such successor Servicer as custodian shall be terminated simultaneously with the effectiveness of such resignation or termination. On or prior to the effective date of any resignation or termination of such appointment, the Servicer shall deliver the Trust Student Loan Files to the successor Servicer, the Indenture Trustee or the Indenture Trustee’s 's agent, at the direction of the Indenture Trustee, at such place or places as the Indenture Trustee may reasonably designate. In establishing an effective date for the termination of the Servicer as custodian of the Trust Student Loan Files, the parties shall provide for a reasonable period for the Servicer to deliver the Trust Student Loan Files to its designated successor.

Effective Period and Termination. Xxxxxx MaeXxx, Inc.’s appointment as custodian shall become effective as of the Closing Date and shall continue in full force and effect for so long as Xxxxxx XxxMae, Inc. shall remain the Servicer hereunder. If Xxxxxx MaeXxx, Inc. or any successor Servicer shall resign as Servicer in accordance with the provisions of this Agreement or if all the rights and obligations of Xxxxxx XxxMae, Inc. or any such successor Servicer shall have been terminated under Section 5.15.01, the appointment of Xxxxxx MaeXxx, Inc. or such successor Servicer as custodian shall be terminated simultaneously with the effectiveness of such resignation or termination. On or prior to the effective date of any resignation or termination of such appointment, the Servicer shall deliver the Trust Student Loan Files to the successor Servicer, the Indenture Trustee or the Indenture Trustee’s agent, at the direction of the Indenture Trustee, at such place or places as the Indenture Trustee may reasonably designate. In establishing an effective date for the termination of the Servicer as custodian of the Trust Student Loan Files, the parties shall provide for a reasonable period for the Servicer to deliver the Trust Student Loan Files to its designated successor.

Effective Period and Termination. Xxxxxx Mae, Inc.’s Xxx Servicing --------------------------------- Corporation's appointment as custodian shall become effective as of the Closing Date and shall continue in full force and effect for so long as Xxxxxx Xxx, Inc. Mae Servicing Corporation shall remain the Servicer hereunder. If Xxxxxx Mae, Inc. Xxx Servicing Corporation or any successor Servicer shall resign as Servicer in accordance with the provisions of this Agreement or if all the rights and obligations of Xxxxxx Xxx, Inc. Mae Servicing Corporation or any such successor Servicer shall have been terminated under Section 5.1, the appointment of Xxxxxx Mae, Inc. Xxx Servicing Corporation or such successor Servicer as custodian shall be terminated simultaneously with the effectiveness of such resignation or termination. On or prior to the effective date of any resignation or termination of such appointment, the Servicer shall deliver the Trust Student Loan Files to the successor Servicer, the Indenture Trustee or the Indenture Trustee’s 's agent, at the direction of the Indenture Trustee, at such place or places as the Indenture Trustee may reasonably designate. In establishing an effective date for the termination of the Servicer as custodian of the Trust Student Loan Files, the parties shall provide for a reasonable period for the Servicer to deliver the Trust Student Loan Files to its designated successor.

Effective Period and Termination. Xxxxxx MaeXxx, Inc.’s 's appointment as custodian shall become effective as of the Closing Date and shall continue in full force and effect for so long as Xxxxxx XxxMae, Inc. shall remain the Servicer hereunder. If Xxxxxx MaeXxx, Inc. or any successor Servicer shall resign as Servicer in accordance with the provisions of this Agreement or if all the rights and obligations of Xxxxxx XxxMae, Inc. or any such successor Servicer shall have been terminated under Section 5.15.01, the appointment of Xxxxxx MaeXxx, Inc. or such successor Servicer as custodian shall be terminated simultaneously with the effectiveness of such resignation or termination. On or prior to the effective date of any resignation or termination of such appointment, the Servicer shall deliver the Trust Student Loan Files to the successor Servicer, the Indenture Trustee or the Indenture Trustee’s 's agent, at the direction of the Indenture Trustee, at such place or places as the Indenture Trustee may reasonably designate. In establishing an effective date for the termination of the Servicer as custodian of the Trust Student Loan Files, the parties shall provide for a reasonable period for the Servicer to deliver the Trust Student Loan Files to its designated successor.

Effective Period and Termination. Xxxxxx Mae, Inc.’s appointment as custodian shall become effective as of the Closing Date and shall continue in full force and effect for so long as Xxxxxx Xxx, Inc. shall remain the Servicer hereunder. If Xxxxxx Mae, Inc. or any successor Servicer shall resign as Servicer in accordance with the provisions of this Agreement or if all the rights and obligations of Xxxxxx Xxx, Inc. or any such successor Servicer shall have been terminated under Section 5.15.01, the appointment of Xxxxxx Mae, Inc. or such successor Servicer as custodian shall be terminated simultaneously with the effectiveness of such resignation or termination. On or prior to the effective date of any resignation or termination of such appointment, the Servicer shall deliver the Trust Student Loan Files to the successor Servicer, the Indenture Trustee or the Indenture Trustee’s agent, at the direction of the Indenture Trustee, at such place or places as the Indenture Trustee may reasonably designate. In establishing an effective date for the termination of the Servicer as custodian of the Trust Student Loan Files, the parties shall provide for a reasonable period for the Servicer to deliver the Trust Student Loan Files to its designated successor.

Effective Period and Termination. Xxxxxx Mae, Inc.’s appointment as custodian shall become effective as of the Closing Date and shall continue in full force and effect for so long as Xxxxxx Xxx, Inc. shall remain the Servicer hereunder. If Xxxxxx Mae, Inc. or any successor Servicer shall resign as Servicer in accordance with the provisions of this Agreement or if all the rights and obligations of Xxxxxx Xxx, Inc. or any such successor Servicer shall have been terminated under Section 5.1, the appointment of Xxxxxx Mae, Inc. or such successor Servicer as custodian shall be terminated simultaneously with the effectiveness of such resignation or termination. On or prior to the effective date of any resignation or termination of such appointment, the Servicer shall deliver the Trust Student Loan Files to the successor Servicer, the Indenture Trustee or the Indenture Trustee’s agent, at the direction of the Indenture Trustee, at such place or places as the Indenture Trustee may reasonably designate. In establishing an effective date for the termination of the Servicer as custodian of the Trust Student Loan Files, the parties shall provide for a reasonable period for the Servicer to deliver the Trust Student Loan Files to its designated successor.. Table of Contents