Enforcement of Servicing Agreements. The Issuer shall cause to be diligently enforced, and shall cause to be taken all reasonable steps, actions and proceedings necessary or appropriate for the enforcement of all terms, covenants and conditions of all Servicing Agreements, including the prompt payment of all principal and interest payments and all other amounts due thereunder, including all grants, subsidies, donations, insurance payments, Interest Benefit Payments and Special Allowance Payments on Financed Eligible Loans, and all Guarantee payments on defaulted Financed Eligible Loans, as provided in the Indenture.
Enforcement of Servicing Agreements. Subject to Article VIII hereof, the Master Servicer agrees to comply with the terms of each Servicing Agreement and to enforce the terms and provisions thereof against the related Servicer for the benefit of the Certificateholders.
Enforcement of Servicing Agreements. The Issuer shall cause to be diligently enforced and taken all reasonable steps, actions and proceedings necessary for the enforcement of all terms, covenants and conditions of all Servicing Agreements, including the prompt payment of all principal and interest payments and all other amounts due the Issuer or Trustee, as applicable, thereunder, including all grants, subsidies, donations, Special Allowance Payments and all defaulted payments Guaranteed by any Guarantor and/or by the Secretary of Education which relate to any Financed Loans. The Issuer shall not permit the release of the obligations of any Servicer under any Servicing Agreement and shall at all times, to the extent permitted by law, cause to be defended, enforced, preserved and protected the rights and privileges of the Issuer and of the Trustee under or with respect to each Servicing Agreement. The Issuer shall not consent or agree to or permit any amendment or modification of any Servicing Agreement which will in any manner materially adversely affect the rights or security of the Trustee or the Note Purchasers, without the written consent of the Required Note Purchasers, except (a) as required by the Higher Education Act, (b) solely for the purpose of extending the term thereof or adding to the Financed Loans serviced thereunder Eligible Loans financed under an indenture or similar agreement other than this Agreement and/or (c) in any other manner, if such modification, amendment or supplement so made without the prior written consent of the Required Note Purchasers shall not be effective with respect to the servicing of Financed Loans; provided, however, that the Required Note Purchasers shall respond as promptly as may be practicable after receipt by the Required Note Purchasers of a request of the Issuer for the Required Note Purchasers' consent to any modification, amendment or supplement of, or any waiver with respect to, any provision of any Servicing Agreement.
Enforcement of Servicing Agreements. The Depositor shall cause to be diligently enforced, and shall cause to be taken all reasonable steps, actions and proceedings necessary or appropriate for the enforcement of all terms, covenants and conditions of all Servicing Agreements, including the prompt payment of all principal and interest payments and all other amounts due thereunder, including all grants, subsidies, donations, insurance payments, Interest Benefit Payments and Special Allowance Payments on Financed Eligible Loans, and all Guarantee payments on defaulted Financed Eligible Loans.
Enforcement of Servicing Agreements. The Issuer shall comply with and shall require each Servicer to comply with the following whether or not the Issuer is otherwise in default under this Indenture:
(a) cause to be diligently enforced and taken all reasonable steps, actions and proceedings necessary for the enforcement of all terms, covenants and conditions of all Servicing Agreements, including the prompt payment of all amounts due the Issuer thereunder, including, without limitation, all principal and interest payments, and Guarantee payments which relate to any Financed Eligible Loans and cause each Servicer to specify whether payments received by it represent principal or interest;
(b) not permit the release of the obligations of any Servicer under any Servicing Agreement except in conjunction with amendments or modifications permitted by subsection (h) of this Section;
(c) at all times, to the extent permitted by law, cause to be defended, enforced, preserved and protected the rights and privileges of the Issuer and of the Registered Owners under or with respect to each Servicing Agreement;
(d) at its own expense, the Issuer shall duly and punctually perform and observe each of its obligations to each Servicer under its Servicing Agreement in accordance with the terms thereof;
(e) the Issuer agrees to give the Indenture Trustee prompt written notice of each default on the part of a Servicer of its obligations under its Servicing Agreement coming to the Issuer's attention;
(f) the Issuer shall not waive any default by a Servicer under its Servicing Agreement without the written consent of the Indenture Trustee;
(g) the Issuer shall cause each Servicer to deliver to the Indenture Trustee and the Issuer, on or before April 30 of each year, beginning with April 30, 2005, a certificate stating that (i) a review of the activities of such Servicer during the preceding calendar year and of its performance under its Servicing Agreement has been made under the supervision of the officer signing such certificate and (ii) to the best of such officers' knowledge, based on such review, such Servicer has fulfilled all its obligations under its Servicing Agreement throughout such year, or, there has been a default in the fulfillment of any such obligation, specifying each such default known to such officer and the nature and statue thereof; and
(h) not consent or agree to or permit any amendment or modification of any Servicing Agreement which will in any manner materially adversely affect the rights or...
Enforcement of Servicing Agreements. 46 Section 4.06. Procedures for Transfer of Funds............................47 Section 4.07. Additional Covenants with Respect to the Higher Education Act...............................................47 Section 4.08. Financed Eligible Loans; Collections Thereof; Assignment Thereof.....................................................48 Section 4.09. Appointment of Agents, Etc..................................49 Section 4.10. Capacity to Sue.............................................49 Section 4.11. Xxntinued Existence; Successor to Issuer....................49 Section 4.12. Amendment of Student Loan Purchase Agreements...............49 Section 4.13. Representations; Negative Covenants.........................49
Enforcement of Servicing Agreements. The Issuer shall cause to be diligently enforced, and shall cause to be taken all reasonable steps, actions and proceedings necessary or appropriate for the enforcement of all terms, covenants and conditions of all Servicing Agreements, including the prompt payment of all principal and interest payments and all other amounts due thereunder, including all grants, subsidies, donations, insurance payments, Interest Benefit Payments and Special Allowance Payments on Financed Student Loans, and all Guarantee payments on defaulted Financed Student Loans, as provided in the Indenture. The Issuer shall, or shall cause the Servicer to, at least annually (and upon the written request of the Eligible Lender Trustee) provide the Eligible Lender Trustee with a list of all Eligible Loans originated, acquired, maintained or held under Eligible Lender Number 833955.
Enforcement of Servicing Agreements. The Sponsor shall cause to be diligently enforced, and shall cause to be taken all reasonable steps, actions and proceedings necessary or appropriate for the enforcement of all terms, covenants and conditions of all Servicing Agreements, including the prompt payment of all principal and interest payments and all other amounts due thereunder, including all grants, subsidies, donations, insurance payments, Interest Benefit Payments and Special Allowance Payments on Eligible Loans, and all Guarantee payments on defaulted Eligible Loans. The Sponsor shall, or shall cause the Servicer to provide the Eligible Lender Trustee with a list of all Eligible Loans originated, acquired, maintained or held under Eligible Lender Number 834012 on a quarterly basis (and upon the written request of the Eligible Lender Trustee).
Enforcement of Servicing Agreements. The Issuer shall cause to be diligently enforced, and shall cause to be taken all reasonable steps, actions and proceedings necessary or appropriate for the enforcement of all terms, covenants and conditions of all Servicing Agreements, including the prompt payment of all principal and interest payments and all other amounts due thereunder, including all grants, subsidies, donations, insurance payments, Interest Benefit Payments and Special Allowance Payments on Financed Eligible Loans, and all Guarantee payments on defaulted Financed Eligible Loans, as provided in the Indenture. The Issuer shall, or shall cause the Servicer to, at least annually (and upon the written request of the Eligible Lender Trustee) provide the Eligible Lender Trustee with a list of all Eligible Loans originated, acquired, maintained or held under Eligible Lender Number _______.
Enforcement of Servicing Agreements. 45 Section 4.06. Procedures for Transfer of Funds . . . . . . . . . . . . . 46 Section 4.07. Additional Covenants with Respect to the Act . . . .
