Common use of Grant of Contract Right Clause in Contracts

Grant of Contract Right. In connection with each sale of Additional Loans, VG Funding hereby assigns to Funding all of its rights (but none of its obligations) under, in and to the Original SLM ECFC Purchase Agreement, including all rights of VG Funding to proceed against SLM ECFC with respect to breaches of representations, warranties and covenants with respect to the applicable Additional Loans.

Appears in 30 contracts

Samples: Additional Purchase Agreement, Initial Purchase Agreement (SLM Student Loan Trust 2005-8), Additional Purchase Agreement (SLM Student Loan Trust 2007-4)

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Grant of Contract Right. In connection with each the sale of Additional the Initial Loans, VG Funding hereby assigns to Funding all of its rights (but none of its obligations) under, in and to the Original SLM ECFC Purchase Agreement, including all rights of VG Funding to proceed against SLM ECFC with respect to breaches of representations, warranties and covenants with respect to the applicable Additional Initial Loans.

Appears in 18 contracts

Samples: Additional Purchase Agreement, Initial Purchase Agreement (SLM Student Loan Trust 2007-8), Initial Purchase Agreement (SLM Student Loan Trust 2005-10)

Grant of Contract Right. In connection with each the sale of Additional the Initial Loans, VG Funding hereby assigns to Funding all of its rights (but none of its obligations) under, in and to the Original SLM ECFC Purchase Agreement, including all rights of VG Funding to proceed against SLM ECFC with respect to breaches of representations, warranties and covenants with respect to the applicable Additional Initial Loans.. Purchase Agreement – Master (VG FUNDING)

Appears in 6 contracts

Samples: Initial Purchase Agreement (SLM Student Loan Trust 2007-6), Initial Purchase Agreement (SLM Student Loan Trust 2006-6), Initial Purchase Agreement (SLM Student Loan Trust 2007-5)

Grant of Contract Right. In connection with each sale of Additional Loans, VG Funding hereby assigns to Funding all of its rights (but none of its obligations) under, in and to the Original SLM ECFC Purchase Agreement, including all rights of VG Funding to proceed against SLM ECFC with respect to breaches of representations, warranties and covenants with respect to the applicable Additional Loans.

Appears in 5 contracts

Samples: Additional Purchase Agreement (SLM Funding LLC), Additional Purchase Agreement (SLM Student Loan Trust 2005-3), Additional Purchase Agreement (SLM Funding LLC)

Grant of Contract Right. In connection with each the sale of Additional the Initial Loans, VG Funding hereby assigns to Funding all of its rights (but none of its obligations) under, in and to the Original SLM ECFC Purchase Agreement, including all rights of VG Funding to proceed against SLM ECFC with respect to breaches of representations, warranties and covenants with respect to the applicable Additional Initial Loans.

Appears in 3 contracts

Samples: Additional Purchase Agreement (SLM Funding LLC), Initial Purchase Agreement (SLM Funding LLC), Additional Purchase Agreement (SLM Funding LLC)

Grant of Contract Right. In connection with each the sale of Additional the Initial Loans, VG Funding hereby assigns to Funding all of its rights (but none of its obligations) under, in and to the Original SLM ECFC Purchase Agreement, including all rights of VG Funding to proceed against SLM ECFC with respect to breaches of representations, warranties and covenants with respect to the applicable Additional Initial Loans.. Purchase Agreement - Master (VG FUNDING)

Appears in 2 contracts

Samples: Additional Purchase Agreement (SLM Student Loan Trust 2006-8), Additional Purchase Agreement (SLM Student Loan Trust 2007-4)

Grant of Contract Right. In connection with each the sale of Additional the Initial Loans, VG Funding hereby assigns to Funding all of its rights (but none of its obligations) under, in and to the Original SLM ECFC Purchase Agreement, including all rights of VG Funding to proceed against SLM ECFC with respect to breaches of representations, warranties and covenants with respect to the applicable Additional Initial Loans.

Appears in 2 contracts

Samples: Additional Purchase Agreement (SLM Student Loan Trust 2005-3), Purchase Agreement (SLM Funding LLC)

Grant of Contract Right. In connection with each the sale of Additional the Initial Loans, VG Funding hereby assigns to Funding all of its rights (but none of its obligations) under, in and to the Original SLM ECFC Purchase Agreement, including all rights of VG Funding to proceed against SLM ECFC with respect to breaches of representations, warranties and covenants with respect to the applicable Additional Initial Loans.. Purchase Agreement – Master (VG FUNDING) 8

Appears in 2 contracts

Samples: Initial Purchase Agreement (SLM Student Loan Trust 2006-5), Initial Purchase Agreement (SLM Student Loan Trust 2006-7)

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Grant of Contract Right. In connection with each the sale of Additional the Loans, VG Funding hereby assigns to Funding all of its rights (but none of its obligations) under, in and to the Original SLM ECFC Purchase Agreement, including all rights of VG Funding to proceed against SLM ECFC with respect to breaches of representations, warranties and covenants with respect to the applicable Additional Initial Loans.

Appears in 2 contracts

Samples: Purchase Agreement Master Securitization Terms Number 1000 (SLM Funding LLC), Purchase Agreement Master Securitization Terms Number 1000 (SLM Funding LLC)

Grant of Contract Right. In connection with each the sale of Additional the Initial Loans, VG Funding hereby assigns to Funding all of its rights (but none of its obligations) under, in and to the Original SLM ECFC Purchase Agreement, including all rights of VG Funding to proceed against SLM Purchase Agreement – Master (VG FUNDING) ECFC with respect to breaches of representations, warranties and covenants with respect to the applicable Additional Initial Loans.

Appears in 1 contract

Samples: Initial Purchase Agreement (SLM Student Loan Trust 2006-1)

Grant of Contract Right. In connection with each sale of Additional Loans, VG Funding hereby assigns to Funding all of its rights (but none of its obligations) under, in and to the Original SLM Purchase Agreement No. 1 (VG Funding) 9 ECFC Purchase Agreement, including all rights of VG Funding to proceed against SLM ECFC with respect to breaches of representations, warranties and covenants with respect to the applicable Additional Loans.

Appears in 1 contract

Samples: Initial Purchase Agreement (SLM Student Loan Trust 2005-5)

Grant of Contract Right. In connection with each the sale of Additional the Initial Loans, VG Funding hereby assigns to Funding all of its rights (but none of its obligations) under, in and to the Original SLM ECFC Purchase Agreement, including all rights of VG Funding to proceed against SLM ECFC with respect to breaches of representations, warranties and covenants with respect to the applicable Additional Initial Loans.. Purchase Agreement — (VG Funding)

Appears in 1 contract

Samples: Initial Purchase Agreement (SLM Student Loan Trust 2005-9)

Grant of Contract Right. In connection with each the sale of Additional the Initial Loans, VG Funding hereby assigns to Funding all of its rights (but none of its obligations) under, in and to the Original SLM ECFC Purchase Agreement, including all rights of VG Funding to proceed against SLM XXX Xxxxxxxx Agreement - Master (VG FUNDING) ECFC with respect to breaches of representations, warranties and covenants with respect to the applicable Additional Initial Loans.

Appears in 1 contract

Samples: Initial Purchase Agreement (SLM Student Loan Trust 2007-3)

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