Common use of Eligible Institutions Clause in Contracts

Eligible Institutions. Eligible lnstitutions shall mean those institutions which satisfy the definition of an "eligible educational institution" under the Higher Education Act and the regulations of the applicable Guarantor. In all cases, a basic requirement is approval by the Secretary of Education as an eligible institution under the Higher Education Act and approval by the Secretary of Education for civil rights compliance. Exhibit "B" to Student Loan Purchase Agreement LENDER'S CLOSING CERTIFICATE _________________________________ (the "Lender") does hereby certify that all representations, warranties and statements by or on behalf of the undersigned contained in a certain Student Loan Purchase Agreement by and between the Lender and GOAL Funding, Inc. dated as of _______________________________(the "Agreement"), are true and correct on and as of the date hereof, without exception or qualification whatsoever; FURTHERMORE, the Lender does hereby certify that the following documents, where applicable to each Eligible Loan Financed under the Agreement, have heretofore been furnished to the Corporation pursuant to paragraph 5.D. of the Agreement: Department of Education or Guarantor application, as supplemented Interim note(s), if applicable Payout note(s), if applicable Evidence of disbursement Disclosure statement Certificate of Insurance and contract of insurance (or a certified copy thereof) with respect to each Insured Loan or notification of loan approval by Guarantor, with respect to each Guaranteed Loan (or a certified copy thereof) Guarantee Agreement and Agreement for Participation in the Guaranteed Loan Program (or a certified copy thereof) with respect to each Guaranteed Loan Any other documentation held by the Lender relating to the history of such Eligible Loan Secretary of Education or Guarantor Loan Transfer Statement Uniform Commercial Code financing statement, if any, securing any interest in an Eligible Loan to be Financed, and an executed termination statement related thereto FURTHERMORE, the Lender does hereby certify that it has in its possession evidence of loan disbursement for each Eligible Loan, and does hereby warrant that it will maintain such evidence throughout the term of each such Eligible Loan and will provide a copy thereof to the Servicer and the Trustee upon request Any term capitalized but not defined in the Certificate shall have the meaning ascribed thereto in the Agreement.

Eligible Institutions. Eligible lnstitutions shall mean those institutions which satisfy the definition of an "eligible educational institution" under the Higher Education Act and the regulations of the applicable Guarantor. In all cases, a basic requirement is approval by the Secretary of Education as an eligible institution under the Higher Education Act and approval by the Secretary of Education for civil rights compliance. Exhibit "B" to Student Loan Purchase Agreement LENDER'S CLOSING CERTIFICATE _____________________________________________________ (the "Lender") does hereby certify that all representations, warranties and statements by or on behalf of the undersigned contained in a certain Student Loan Purchase Agreement by and between the Lender and GOAL Funding, Inc. Education Loans Incorporated dated as of _______________________________July 1, 1997, (the "Agreement"), are true and correct on and as of the date hereof, without exception or qualification whatsoever; FURTHERMORE, the Lender does hereby certify that the following documents, where applicable to each Eligible Loan Financed under the Agreement, have heretofore been furnished to the Corporation pursuant to paragraph 5.D. of the Agreement: Department of Education or Guarantor application, as supplemented Interim note(s), if applicable Payout note(s), if applicable Evidence of disbursement Disclosure statement Certificate of Insurance and contract of insurance (or a certified copy thereof) with respect to each Insured Loan or notification of loan approval by Guarantor, with respect to each Guaranteed Loan (or a certified copy thereof) Guarantee Agreement and Agreement for Participation in the Guaranteed Loan Program (or a certified copy thereof) with respect to each Guaranteed Loan Any other documentation held by the Lender relating to the history of such Eligible Loan Secretary of Education or Guarantor Loan Transfer Statement Uniform Commercial Code financing statement, if any, securing any interest in an Eligible Loan to be Financed, and an executed termination statement related thereto FURTHERMORE, the Lender does hereby certify that it has in its possession evidence of loan disbursement for each Eligible Loan, and does hereby warrant that it will maintain such evidence throughout the term of each such Eligible Loan and will provide a copy thereof to the Servicer and the Trustee upon request Any term capitalized but not defined in the Certificate shall have the meaning ascribed thereto in the Agreementrequest.

Eligible Institutions. Eligible lnstitutions shall mean those institutions which satisfy the definition of an "eligible educational institution" under the Higher Education Act and the regulations of the applicable Guarantor. In all cases, a basic requirement is approval by the Secretary of Education as an eligible institution under the Higher Education Act and approval by the Secretary of Education for civil rights compliance. Exhibit "B" to Student Loan Purchase Agreement LENDER'S CLOSING CERTIFICATE _________________________________ (the "Lender") does hereby certify that all representations, warranties and statements by or on behalf of the undersigned contained in a certain Student Loan Purchase Agreement by and between the Lender and GOAL Funding, Inc. Education Loans Incorporated dated as of _______________________________[ , ], (the "Agreement"), are true and correct on and as of the date hereof, without exception or qualification whatsoever; FURTHERMORE, the Lender does hereby certify that the following documents, where applicable to each Eligible Loan Financed under the Agreement, have heretofore been furnished to the Corporation pursuant to paragraph 5.D. of the Agreement: Department of Education or Guarantor application, as supplemented Interim note(s), if applicable Payout note(s), if applicable Evidence of disbursement Disclosure statement Certificate of Insurance and contract of insurance (or a certified copy thereof) with respect to each Insured Loan or notification of loan approval by Guarantor, with respect to each Guaranteed Loan (or a certified copy thereof) Guarantee Agreement and Agreement for Participation in the Guaranteed Loan Program (or a certified copy thereof) with respect to each Guaranteed Loan Any other documentation held by the Lender relating to the history of such Eligible Loan Secretary of Education or Guarantor Loan Transfer Statement Uniform Commercial Code financing statement, if any, securing any interest in an Eligible Loan to be Financed, and an executed termination statement related thereto FURTHERMORE, the Lender does hereby certify that it has in its possession evidence of loan disbursement for each Eligible Loan, and does hereby warrant that it will maintain such evidence throughout the term of each such Eligible Loan and will provide a copy thereof to the Servicer and the Trustee upon request Any term capitalized but not defined in the Certificate shall have the meaning ascribed thereto in the Agreementrequest.

Eligible Institutions. Eligible lnstitutions Institutions shall mean those institutions which satisfy the definition of an "eligible educational institution" under the Higher Education Act and the regulations of the applicable Guarantor. In all cases, a basic requirement is approval by the Secretary of Education as an eligible institution under the Higher Education Act and approval by the Secretary of Education for civil rights compliance. Exhibit "B" to Student Loan Purchase Agreement LENDER'S CLOSING CERTIFICATE _________________________________ (the "Lender") does hereby certify that all representations, warranties and statements by or on behalf of the undersigned contained in a certain Student Loan Purchase Agreement by and between the Lender and GOAL Funding, Inc. Education Loans Incorporated dated as of _______________________________July 1, 1997, (the "Agreement"), are true and correct on and as of the date hereof, without exception or qualification whatsoever; FURTHERMORE, the Lender does hereby certify that the following documents, where applicable to each Eligible Loan Financed under the Agreement, have heretofore been furnished to the Corporation pursuant to paragraph 5.D. of the Agreement: Department of Education or Guarantor application, as supplemented Interim note(s), if applicable Payout note(s), if applicable Evidence of disbursement Disclosure statement Certificate of Insurance and contract of insurance (or a certified copy thereof) with respect to each Insured Loan or notification of loan approval by Guarantor, with respect to each Guaranteed Loan (or a certified copy thereof) Guarantee Agreement and Agreement for Participation in the Guaranteed Loan Program with respect to each Guaranteed Loan (or a certified copy thereof) with respect to each Guaranteed Loan Any other documentation held by the Lender relating to the history of such Eligible Loan Secretary of Education or Guarantor Loan Transfer Statement Uniform Commercial Code financing statement, if any, securing any interest in an Eligible Loan to be Financed, and an executed termination statement related thereto FURTHERMORE, the Lender does hereby certify that it has in its possession evidence of loan disbursement for each Eligible Loan, and does hereby warrant that it will maintain such evidence throughout the term of each such Eligible Loan and will provide a copy thereof to the Servicer and the Trustee upon request Any term capitalized but not defined in the Certificate shall have the meaning ascribed thereto in the Agreementrequest.