Common use of Exclusions and Deconversion Clause in Contracts

Exclusions and Deconversion. LENDER hereby gives approval for ACS to undertake the cure services outlined in Section 1 of this Exhibit on Accounts with a principal balance outstanding (PBO) of $500 or greater. Accounts with PBOs less than the aforementioned amount or Accounts which are not successfully cured within the time frames described above will be deconverted for the fees specified in the Servicing Agreement.

Appears in 6 contracts

Samples: Origination/Servicing Agreement (Higher Education Funding I), Servicing Agreement (Goal Capital Funding, LLC), Servicing Agreement (Higher Education Funding I)

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Exclusions and Deconversion. LENDER hereby gives approval for ACS [•] to undertake the cure services outlined in Section 1 of this Exhibit on Accounts with a principal balance outstanding (PBO) of $500 or greater. Accounts with PBOs less than the aforementioned amount or Accounts which are not successfully cured within the time frames described above will be deconverted for the fees specified in the Servicing Agreement.

Appears in 2 contracts

Samples: Servicing Agreement (Goal Capital Funding, LLC), Servicing Agreement (Goal Capital Funding, LLC)

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Exclusions and Deconversion. LENDER hereby gives approval for ACS to undertake the cure services outlined in Section 1 of this Exhibit on Accounts with a principal balance outstanding (PBOPB 4) of $500 or greater. Accounts with PBOs less than the aforementioned amount or Accounts which are not successfully cured within the time frames described above will be deconverted for the fees specified in the Servicing Agreement.

Appears in 1 contract

Samples: Servicing Agreement (Higher Education Funding I)

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