Grant of Contract Right. In connection with each sale of Additional Loans, VL Funding hereby assigns to Funding all of its rights (but none of its obligations) under, in and to the Conveyance Agreement with respect to such Additional Loans, including all rights of VL Funding to proceed against the Master Depositor with respect to breaches of representations, warranties and covenants with respect to the applicable Additional Loans.
Appears in 26 contracts
Samples: Purchase Agreement (Navient Student Loan Trust 2014-8), Purchase Agreement (Navient Student Loan Trust 2014-7), Purchase Agreement (Navient Student Loan Trust 2014-2)
Grant of Contract Right. In connection with each the sale of Additional the Initial Loans, VL Funding hereby assigns to Funding all of its rights (but none of its obligations) under, in and to the Conveyance Agreement with respect to such Additional the Initial Loans, including all rights of VL Funding to proceed against the Master Depositor with respect to breaches of representations, warranties and covenants with respect to the applicable Additional Initial Loans.
Appears in 24 contracts
Samples: Purchase Agreement (Navient Student Loan Trust 2014-8), Purchase Agreement (Navient Student Loan Trust 2014-5), Purchase Agreement (Navient Student Loan Trust 2014-3)
Grant of Contract Right. In connection with each sale of Additional Loans, VL Funding hereby assigns to Funding all of its rights (but none of its obligations) under, in and to the Conveyance Agreement with respect to such Additional LoansAgreement, including all rights of VL Funding to proceed against the Master Depositor with respect to breaches of representations, warranties and covenants with respect to the applicable Additional Loans.
Appears in 4 contracts
Samples: Purchase Agreement (SLM Student Loan Trust 2011-2), Purchase Agreement (SLM Student Loan Trust 2011-1), Purchase Agreement (SLM Student Loan Trust 2010-2)
Grant of Contract Right. In connection with each the sale of Additional the Initial Loans, VL Funding hereby assigns to Funding all of its rights (but none of its obligations) under, in and to the Conveyance Agreement with respect to such Additional LoansAgreement, including all rights of VL Funding to proceed against the Master Depositor with respect to breaches of representations, warranties and covenants with respect to the applicable Additional Initial Loans.
Appears in 4 contracts
Samples: Purchase Agreement (SLM Student Loan Trust 2011-2), Purchase Agreement (SLM Student Loan Trust 2011-1), Purchase Agreement (SLM Student Loan Trust 2010-2)
Grant of Contract Right. In connection with each the sale of Additional the Initial Loans, VL Funding hereby assigns to Funding all of its rights (but none of its obligations) under, in and to the Conveyance Agreement with respect to such Additional the Initial Loans, including all rights of VL Funding to proceed against the Master Depositor with respect to breaches of representations, warranties and covenants with respect to the applicable Additional Initial Loans.. VL Funding Purchase Agreement 8
Appears in 2 contracts
Samples: Purchase Agreement (SLM Student Loan Trust 2012-1), Purchase Agreement (SLM Student Loan Trust 2011-3)
Grant of Contract Right. In connection with each the sale of Additional the Initial Loans, VL Funding hereby assigns to Funding all of its rights (but none of its obligations) under, in and to the Conveyance Agreement with respect to such Additional LoansMaster Purchase Agreement, including all rights of VL Funding to proceed against the Master Depositor with respect to breaches of representations, warranties and covenants with respect to the applicable Additional Initial Loans.
Appears in 1 contract
Grant of Contract Right. In connection with each sale of Additional Loans, VL Funding hereby assigns to Funding all of its rights (but none of its obligations) under, in and to the Conveyance Agreement with respect to such Additional LoansMaster Purchase Agreement, including all rights of VL Funding to proceed against the Master Depositor with respect to breaches of representations, warranties and covenants with respect to the applicable Additional Loans.
Appears in 1 contract
